Xinyi Solar to Supply Surplus Rooftop Solar Power to Xinyi Glass Under 2026 Framework Deal

An update from Xinyi Solar Holdings ( (HK:0968) ) is now available.

Xinyi Solar Holdings and Xinyi Glass Holdings have entered into an Electricity Framework Agreement under which, from 1 January to 31 December 2026, members of the Xinyi Solar group will supply surplus electricity generated from their distributed rooftop solar power systems to members of the Xinyi Glass group, after first satisfying their own power demand. As the two Hong Kong-listed groups share substantial and controlling shareholders, the arrangement is classified as a continuing connected transaction for both companies; given that the relevant percentage ratios are above 0.1% but below 5%, the deal is subject to reporting and announcement requirements under Hong Kong’s Listing Rules but is exempt from the need for an independent shareholders’ circular, financial advice or approval, streamlining implementation of the intra-group renewable power supply while maintaining disclosure obligations for investors.

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 Hong Kong-listed solar energy company that develops and operates distributed rooftop solar power generation systems, while Xinyi Glass Holdings is a Hong Kong-listed glass manufacturer and substantial shareholder of Xinyi Solar. Both companies share common controlling shareholders and operate within related industrial and energy value chains in Greater China, with Xinyi Solar focusing on renewable electricity generation and Xinyi Glass on glass products for construction, automotive and solar applications.

Average Trading Volume: 77,002,111

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$27.17B

For a thorough assessment of 0968 stock, go to TipRanks’ Stock Analysis page.