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Xinyi Glass Holdings ( (HK:0868) ) has provided an update.
Xinyi Solar and Xinyi Glass issued a supplemental joint announcement clarifying the basis for the proposed 2026 annual cap of RMB107.3 million under their production equipment purchase agreement, a connected transaction between the two related groups. They explained that the unusually low purchase volume in the first 11 months of 2025, with only RMB1.2 million used against a cap of RMB168.8 million, stemmed from a deliberate slowdown in capacity expansion amid a supply-demand imbalance in the solar glass sector, production line suspensions, and the use of spare parts from under-utilised facilities. Despite a sharp interim profit decline at Xinyi Solar in 2025, the directors do not expect continued deterioration and argue that 2024’s higher purchase level is a more realistic guide for 2026 demand. The proposed lower cap, at roughly half of the 2023–2024 actual transaction amounts, is positioned as reflecting a stabilising market, planned capacity expansion and normal equipment utilisation as industry conditions and solar glass supply-demand dynamics are expected to improve in China and overseas.
The most recent analyst rating on (HK:0868) stock is a Hold with a HK$8.50 price target. To see the full list of analyst forecasts on Xinyi Glass Holdings stock, see the HK:0868 Stock Forecast page.
More about Xinyi Glass Holdings
Xinyi Glass Holdings Limited is a Cayman Islands–incorporated glass manufacturer listed in Hong Kong, closely linked with Xinyi Solar Holdings Limited, which focuses on solar glass and related products for the photovoltaic industry. Together, the groups operate across the solar glass value chain, supplying production equipment and capacity for solar glass manufacturing to serve both mainland Chinese and overseas markets.
Average Trading Volume: 8,936,527
Technical Sentiment Signal: Buy
Current Market Cap: HK$37.03B
Learn more about 0868 stock on TipRanks’ Stock Analysis page.