Xinyi Glass Holdings (HK:0868)
:0868
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Xinyi Glass Holdings
(0868)
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Rating:63Neutral
Price Target:
HK$10.50
▲(23.38% Upside)
Action:ReiteratedDate:05/02/26
The score is anchored by solid financial footing (low leverage and positive cash flow), but is held back by sharply deteriorating recent operating performance (large revenue decline and margin compression). Technicals add additional pressure due to weak momentum, while a reasonable P/E and modest dividend provide some valuation support.
Positive Factors
Balance sheet strength
Xinyi's materially lower leverage and growing equity provide a conservative capital structure and financial cushion. That balance-sheet strength supports capacity investment, downturn resilience, and optionality for strategic moves without increasing vulnerability to interest or refinancing shocks.
Negative Factors
Sharp revenue declines
Large multi-year revenue contraction signals structurally weaker end-market demand or lost volumes, which undermines scale economics. Sustained revenue weakness erodes pricing leverage, constrains reinvestment, and can impair long-term growth prospects if not reversed.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Xinyi's materially lower leverage and growing equity provide a conservative capital structure and financial cushion. That balance-sheet strength supports capacity investment, downturn resilience, and optionality for strategic moves without increasing vulnerability to interest or refinancing shocks.
Read all positive factors
Xinyi Glass Holdings (0868) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$42.69B
Dividend Yield2.65%
Average Volume (3M)12.12M
Price to Earnings (P/E)12.2
Beta (1Y)1.29
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees16,485
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding4,424,109,000
10 Day Avg. Volume11,096,759
30 Day Avg. Volume12,120,809
Financial Highlights & Ratios
PEG Ratio-0.58
Price to Book (P/B)0.88
Price to Sales (P/S)1.60
P/FCF Ratio8.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$14.23Price Target Upside67.19% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Xinyi Glass Holdings Business Overview & Revenue Model
Company Description
Xinyi Glass Holdings Limited, an investment holding company, produces and sells automobile, construction, float, and other glass products for commercial and industrial applications. The company operates through three segments: Float Glass, Automob...
How the Company Makes Money
Xinyi Glass makes money primarily by manufacturing and selling glass products across two major business lines: (1) Automotive glass: The company produces and sells automotive glass (including tempered and laminated safety glass) to automobile manu...
Xinyi Glass Holdings Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 22.59B | 23.75B | 26.80B | 25.75B | 30.46B |
| Gross Profit | 7.01B | 7.16B | 8.61B | 7.47B | 14.50B |
| EBITDA | 2.70B | 5.66B | 8.36B | 6.94B | 14.00B |
| Net Income | 2.96B | 3.59B | 5.37B | 5.13B | 11.56B |
Balance Sheet | |||||
| Total Assets | 53.04B | 51.16B | 50.81B | 52.23B | 56.50B |
| Cash, Cash Equivalents and Short-Term Investments | 3.16B | 1.68B | 2.39B | 4.06B | 9.59B |
| Total Debt | 5.35B | 7.79B | 8.19B | 13.54B | 15.55B |
| Total Liabilities | 11.99B | 14.58B | 14.95B | 20.14B | 21.79B |
| Stockholders Equity | 41.00B | 36.48B | 35.75B | 31.97B | 34.60B |
Cash Flow | |||||
| Free Cash Flow | 4.38B | 941.50M | 1.63B | 4.67B | 8.77B |
| Operating Cash Flow | 5.93B | 5.95B | 5.00B | 7.34B | 11.77B |
| Investing Cash Flow | -1.50B | -6.00B | 122.29M | -7.08B | -5.84B |
| Financing Cash Flow | -3.16B | -2.21B | -6.18B | -5.40B | -2.12B |
Xinyi Glass Holdings Technical Analysis
Neutral
8.51
Price Trends
10.38
Negative
9.53
Positive
9.08
Positive
Market Momentum
-0.14
Positive
41.70
Neutral
18.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0868, the sentiment is Neutral. The current price of 8.51 is below the 20-day moving average (MA) of 10.12, below the 50-day MA of 10.38, and below the 200-day MA of 9.08, indicating a neutral trend. The MACD of -0.14 indicates Positive momentum. The RSI at 41.70 is Neutral, neither overbought nor oversold. The STOCH value of 18.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0868.
Xinyi Glass Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$44.83B | 11.73 | 9.16% | 4.82% | 10.08% | 33.29% | |
63 Neutral | HK$42.69B | 12.24 | 7.86% | 2.65% | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | HK$121.76B | 12.69 | 4.26% | 4.59% | -9.32% | 5.05% | |
46 Neutral | HK$38.50B | -11.64 | -2.95% | 3.30% | -2.13% | -279.50% | |
45 Neutral | HK$9.43B | -12.35 | 0.40% | 1.52% | -8.52% | -48.51% | |
42 Neutral | HK$774.74M | -0.05 | 211.43% | ― | -11.62% | -138.95% |
* Basic Materials Sector Average
HK:0868
Xinyi Glass Holdings
9.65
2.46
34.29%
HK:0914
Anhui Conch Cement Company
19.56
-1.23
-5.92%
HK:3323
China National Building Material Co
5.07
1.23
32.03%
HK:1313
China Resources Building Materials Technology Holdings
1.35
-0.26
-15.99%
HK:3300
China Glass Holdings Limited
0.46
0.22
91.67%
HK:6655
Huaxin Cement Co., Ltd. Class H
16.61
8.31
100.12%
Xinyi Glass Holdings Corporate Events
Xinyi Glass Sets 2026 AGM to Approve Dividend, Board Mandates and Share Buyback
Apr 30, 2026
Xinyi Glass Holdings has called its annual general meeting for 29 May 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and vote on a proposed final dividend of HK$0.215 per shar...
Xinyi Glass Grants 38 Million Performance-Linked Share Options to Staff
Mar 5, 2026
Xinyi Glass Holdings has granted 38 million share options to employees under its share option scheme adopted in May 2025, with each option exercisable at HK$10.87, slightly above the HK$10.80 closing share price on the grant date. The options will...
Xinyi Glass Profit Falls in 2025 as Revenue Slips, Dividend Rises Sharply
Feb 27, 2026
Xinyi Glass Holdings reported a decline in full-year 2025 performance, with revenue down 6.7% to RMB 20.83 billion and profit attributable to equity holders falling 19.0% to RMB 2.73 billion, as weaker sales and higher impairment losses weighed on...
Xinyi Glass Declares Final 2025 Dividend With Optional Scrip Shares
Feb 27, 2026
Xinyi Glass Holdings Limited has declared a final ordinary dividend of HKD 0.215 per share for the financial year ended 31 December 2025, payable in cash by default in Hong Kong dollars. The dividend remains subject to shareholder approval at the ...
Xinyi Glass Sets February Board Meeting to Approve 2025 Results and Mull Final Dividend
Feb 12, 2026
Xinyi Glass Holdings has scheduled a board meeting for 27 February 2026 to review and approve the annual results for the financial year ended 31 December 2025. The board will also consider whether to recommend a final dividend, a decision that cou...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.