Xinyi Solar Forecasts Robust Profit Growth

Xinyi Solar Holdings (HK:0968) has released an update.

Xinyi Solar Holdings Limited has projected a significant increase in their net profit for the first half of 2024, expecting a rise of 35% to 45% compared to the same period in the previous year. This financial growth is attributed to higher sales volumes of their major solar glass products, improved gross profit margins due to lower raw material and energy costs, and enhanced production capacity and efficiency, despite a drop in average selling prices for some products. Shareholders and potential investors are advised to be cautious when dealing in the company’s shares.

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