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Xinyi Solar Holdings ( (HK:0968) ) has issued an update.
Xinyi Solar Holdings and Xinyi Glass Holdings issued a supplemental joint announcement explaining the rationale behind the proposed 2026 annual cap of RMB107.3 million for Xinyi Solar’s purchases of production equipment from Xinyi Glass under their continuing connected transactions. The companies clarified that the sharp drop in purchase volume in the first eleven months of 2025, which saw only RMB1.2 million of equipment purchases against a cap of RMB168.8 million, was driven by a supply-demand imbalance in the solar glass market that forced Xinyi Solar to slow capacity expansion, suspend production lines and rely on spare parts from under-utilised facilities. Despite a significant profit decline in the first half of 2025, Xinyi Solar’s board believes performance will not continue to deteriorate in 2026 and has set the 2026 cap at roughly half the actual transaction levels seen in 2023 and 2024, arguing that 2024 purchasing patterns are a better guide than the unusually weak 2025 period. Citing improved industry statistics and customer feedback, the company signals an expectation of gradual recovery in solar glass supply-demand dynamics in both China and overseas markets, framing the new cap as aligned with a stabilising business environment and planned capacity expansion, which is relevant for investors tracking its capital expenditure and utilisation of related-party supply arrangements.
The most recent analyst rating on (HK:0968) stock is a Buy with a HK$3.40 price target. To see the full list of analyst forecasts on Xinyi Solar Holdings stock, see the HK:0968 Stock Forecast page.
More about Xinyi Solar Holdings
Xinyi Solar Holdings is a leading Chinese manufacturer of solar glass and related products used in photovoltaic installations, while Xinyi Glass Holdings is a major glass producer supplying float and architectural glass. Both companies focus on serving domestic and overseas construction and renewable energy markets, with Xinyi Solar particularly exposed to the dynamics of solar installation demand and capacity expansion cycles in the solar glass sector.
Average Trading Volume: 67,037,949
Technical Sentiment Signal: Sell
Current Market Cap: HK$28.9B
For a thorough assessment of 0968 stock, go to TipRanks’ Stock Analysis page.