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Xinyi Energy Holdings Limited (3868) AI Stock Analysis
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Xinyi Energy Holdings Limited
(HKEX:3868)
The score is driven mainly by solid financial profitability but moderated by slowing revenue, higher leverage, and inconsistent free-cash-flow conversion. Valuation is a meaningful positive (low P/E and high dividend yield), while technical indicators remain a key drag given the stock’s position below major moving averages and negative MACD despite oversold readings.
Xinyi Energy Holdings Limited (3868) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 6.29B
- Dividend Yield
- 7.81%
- Average Volume (3M)
- 8.67M
- Price to Earnings (P/E)
- 6.4
- Beta (1Y)
- 0.89
- Revenue Growth
- 1.50%
- EPS Growth
- 9.01%
- Country
- Hong Kong
- Employees
- 618
- Sector
- General
- Sector Strength
- 55
- Industry
- Renewable Utilities
Xinyi Energy Holdings Limited Business Overview & Revenue Model
Company Description
Xinyi Energy Holdings Limited operates as an investment holding enterprise primarily focused on the ownership, operation, and management of solar power facilities. These photovoltaic (PV) farms, situated across the People's Republic of China, collect...
How the Company Makes Money
The company primarily makes money by generating electricity from its solar PV power plants and selling that electricity to grid companies under applicable power purchase and settlement arrangements. Revenue is largely driven by (i) the volume of elec...
Xinyi Energy Holdings Limited Financial Statement Overview
Summary
Profitability is strong (very high gross/operating margins and a strong net margin in 2025), but the overall profile is held back by weakening top-line momentum (revenue declined in 2025), rising leverage over time, and uneven cash conversion (volatile free cash flow and 2025 FCF covering less than half of net income).
Income Statement
78PositiveBalance Sheet
70PositiveCash Flow
56Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.56B | 2.66B | 2.60B | 2.52B | 2.32B | 2.30B |
| Gross Profit | 1.46B | 1.64B | 1.70B | 1.71B | 1.63B | 1.68B |
| EBITDA | 2.26B | 2.42B | 2.37B | 2.33B | 2.14B | 2.20B |
| Net Income | 978.85M | 1.10B | 841.52M | 992.99M | 971.45M | 1.23B |
Balance Sheet | ||||||
| Total Assets | 25.51B | 24.97B | 23.06B | 21.13B | 19.94B | 21.20B |
| Cash, Cash Equivalents and Short-Term Investments | 911.13M | 1.07B | 422.88M | 702.95M | 1.79B | 1.10B |
| Total Debt | 8.96B | 9.22B | 8.84B | 7.04B | 5.65B | 5.60B |
| Total Liabilities | 10.15B | 10.22B | 9.75B | 7.83B | 8.18B | 8.64B |
| Stockholders Equity | 15.36B | 14.75B | 13.31B | 13.30B | 11.75B | 12.55B |
Cash Flow | ||||||
| Free Cash Flow | 989.19M | 713.14M | -1.43B | -1.89B | 1.35B | 418.04M |
| Operating Cash Flow | 1.99B | 1.80B | 1.02B | 753.13M | 2.90B | 1.24B |
| Investing Cash Flow | -539.93M | -712.63M | -2.50B | -2.61B | -1.53B | -3.13B |
| Financing Cash Flow | -1.01B | -432.84M | 1.18B | 735.33M | -576.36M | 1.65B |
Xinyi Energy Holdings Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3868, the sentiment is Negative. The current price of 0.73 is below the 20-day moving average (MA) of 0.76, below the 50-day MA of 0.78, and below the 200-day MA of 1.00, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 34.83 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3868.
Xinyi Energy Holdings Limited Peers Comparison
Overall Rating
- HK:386867Neutral
HK:091652Neutral
HK:057950Neutral
HK:116546Neutral
HK:179839Underperform
HK:045137Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:3868 | 67Neutral | HKD 6.29B | 6.35 | 6.50% | 7.81% | 1.50% | 9.01% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| HK:0916 | 52Neutral | HKD 102.59B | 12.24 | 3.85% | 3.56% | -6.03% | -40.34% |
| HK:0579 | 50Neutral | HKD 12.86B | 4.73 | 6.76% | 10.15% | -0.65% | -23.33% |
| HK:1165 | 46Neutral | HKD 121.98M | -0.24 | 24.82% | ― | ― | ― |
| HK:1798 | 39Underperform | HKD 6.47B | 23.31 | 3.02% | 7.64% | -5.89% | -85.93% |
| HK:0451 | 37Underperform | HKD 664.90M | -0.46 | -185.82% | ― | -46.74% | -71.88% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:3868 | Xinyi Energy Holdings Limited | 0.73 | -0.50 | -40.75% | |
| HK:0916 | China Longyuan Power Group Corp Class H | 5.08 | -1.99 | -28.15% | |
| HK:1165 | Shunfeng International Clean Energy | 0.02 | 0.01 | 26.32% | |
| HK:0451 | Gcl New Energy Holdings Limited | 0.38 | -0.40 | -51.30% | |
| HK:0579 | Beijing Jingneng Clean Energy Co., Ltd. Class H | 1.56 | -0.65 | -29.41% | |
| HK:1798 | China Datang Corp. Renewable Power Co. Ltd. Class H | 0.89 | -1.45 | -61.98% |
Xinyi Energy Holdings Limited Corporate Events
Xinyi Energy Plans Spin-Off and Shenzhen Listing of Solar Fund
Xinyi Energy and its parent Xinyi Solar have announced a possible spin-off involving the disposal of certain solar farm project entities into the XYE New Energy Fund and a proposed listing of that fund on the Shenzhen Stock Exchange. The projects inv...
Xinyi Energy and Xinyi Solar Advance PRC Listing Plan for New Energy REIT
Xinyi Energy Holdings Limited and its parent Xinyi Solar Holdings Limited plan to establish the Xinyi Energy New Energy REIT in China, comprising selected solar farm projects currently owned and operated by Xinyi Energy. The proposed infrastructure f...
Xinyi Energy Sets Terms for Interim Scrip Dividend Scheme
Xinyi Energy Holdings Limited has confirmed the terms of its scrip dividend scheme linked to the interim dividend of HK$0.021 per share for the six months ended 30 June 2026. Eligible shareholders on the 19 August record date may choose to receive th...
Xinyi Energy Updates Interim Dividend and Scrip Option Terms
Xinyi Energy Holdings Limited has updated its interim dividend arrangements for the six months ended 30 June 2026, confirming an ordinary cash dividend of HKD 0.021 per share with a scrip option available to shareholders. Investors may elect to recei...
Xinyi Energy Announces Company Secretary Transition Ahead of 2026
Xinyi Energy Holdings Limited has announced a planned change in its corporate secretarial and authorised representative roles, with long‑serving company secretary Mr. Chu Charn Fai set to retire for personal reasons effective 31 August 2026. Th...
Xinyi Energy’s Interim Profit and Dividend Fall on Rising Costs
Xinyi Energy Holdings Limited reported a decline in interim results for the six months ended 30 June 2026, with revenue falling 13.1% year-on-year to RMB1.05 billion and profit attributable to equity holders dropping 28.9% to RMB320.0 million. Basic...
Xinyi Energy Declares Interim Dividend with Scrip Option for 2026 Half-Year
Xinyi Energy Holdings Limited has declared an interim ordinary dividend of HKD 0.021 per share for the six months ended 30 June 2026, payable in cash by default with an optional scrip dividend scheme. Shareholders may elect to receive new shares inst...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 06, 2026