Xinyi Glass Holdings (0868) AI Stock Analysis

• Market Cap: HK$37.65B
• Dividend Yield: 2.65%
• Average Volume (3M): 12.12M
• Price to Earnings (P/E): 9.9
• Beta (1Y): 1.32
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 16,485
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): 0.26
• Shares Outstanding: 4,424,109,000
• 10 Day Avg. Volume: 11,096,759
• 30 Day Avg. Volume: 12,120,809
• PEG Ratio: -0.28
• Price to Book (P/B): 0.92
• Price to Sales (P/S): 1.41
• P/FCF Ratio: 35.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: HK$9.00 ▲(5.76% Upside)

The stock's overall score is primarily influenced by its solid financial performance and fair valuation. However, technical indicators suggest bearish momentum, which poses a risk. The lack of recent earnings call data and corporate events limits further insights.

Positive Factors

Strong Profit Margins

Strong profit margins suggest effective cost management, enhancing profitability and providing a buffer against market fluctuations.

Favorable Debt Structure

A favorable debt structure supports financial stability and flexibility, allowing the company to invest in growth opportunities without excessive risk.

Strategic Partnerships

Strategic partnerships expand market reach and stability, providing a competitive edge and supporting long-term revenue growth.

Negative Factors

Revenue Decline

A decline in revenue growth can indicate challenges in market demand or competitive pressures, potentially impacting future profitability.

Incomplete Cash Flow Data

Lack of comprehensive cash flow data limits visibility into liquidity and cash management, posing risks to financial planning and stability.

Decline in Revenue Growth Rate

A declining revenue growth rate may signal weakening market position or demand, affecting long-term growth prospects and investor confidence.

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, Automobile Glass, and Architectural Glass. It is also involved in the manufacturing and sale of automobile rubber and plastic components, as well as electronic glass; trading of automobile glass; and research and trading of glass. In addition, the company offers logistic and related services; supply chain services; operates a wind farm for electricity generation; and manufactures automatic machines for solar glass factory and other glass related industries, as well as holds properties and car parks. The company serves automobile glass manufacturing; wholesale and distribution; automobile repair; motor vehicle manufacturing; curtain wall engineering and installing; architectural and furniture glass manufacturing; electronic and household appliances manufacturing; and float glass wholesale and distribution companies. It sells its products in approximately 140 countries and territories, including the People's Republic of China, Hong Kong, the United States, Canada, Australia, and New Zealand, as well as countries in Asia, the Middle East, Europe, Africa, and the Americas. The company was founded in 1988 and is headquartered in Kwun Tong, Hong Kong.

How the Company Makes Money

Xinyi Glass generates its revenue primarily through the sale of glass products across its various segments. The company's key revenue streams include the sale of float glass, which is used in construction and automotive applications, and automotive glass, which serves the growing automotive industry. The company benefits from economies of scale due to its large production capacity and extensive distribution network. Additionally, Xinyi Glass has established strategic partnerships with various automotive manufacturers and construction companies, enhancing its market reach and stability. The company's focus on innovation, such as developing energy-efficient glass products, also positions it favorably in a market increasingly driven by sustainability concerns. Overall, Xinyi Glass's revenue model is supported by robust demand in both domestic and international markets, bolstered by its reputation for quality and reliability in glass manufacturing.

Xinyi Glass Holdings Financial Statement Overview

Summary

The company demonstrates strong profit margins and a stable balance sheet with favorable debt-to-equity ratios. However, the decline in revenue and incomplete cash flow data present challenges in assessing liquidity and cash management.

Income Statement

The company shows strong gross and net profit margins, indicating effective cost management. However, recent revenue has declined from previous years, which could be concerning. Despite this, EBIT and EBITDA margins remain healthy, reinforcing profitability. The decline in revenue growth rate is a potential risk factor.

Balance Sheet

The balance sheet reflects a solid equity position with a favorable debt-to-equity ratio, indicating good financial leverage. Return on equity is positive, suggesting efficient use of equity to generate profit. The equity ratio is also strong, showcasing stability and financial health. Consistent stockholders' equity growth further strengthens financial resilience.

Cash Flow

Cash flow analysis is limited due to missing recent cash flow data. Historically, operating cash flow has been positive, but there is a lack of data on free cash flow trends, which limits comprehensive analysis. The absence of recent free cash flow growth rate and other key ratios presents potential risk.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	22.71B	23.75B	26.80B	25.75B	30.46B	18.62B
Gross Profit	6.51B	7.16B	8.61B	7.47B	14.50B	7.67B
EBITDA	4.73B	5.66B	8.36B	6.94B	14.00B	7.57B
Net Income	1.97B	3.59B	5.37B	5.13B	11.56B	6.42B
Balance Sheet
Total Assets	49.11B	51.16B	50.81B	52.23B	56.50B	45.07B
Cash, Cash Equivalents and Short-Term Investments	1.95B	1.68B	2.39B	4.06B	9.59B	5.53B
Total Debt	7.06B	7.79B	8.19B	13.54B	15.55B	11.66B
Total Liabilities	14.02B	14.58B	14.95B	20.14B	21.79B	17.10B
Stockholders Equity	35.00B	36.48B	35.75B	31.97B	34.60B	27.88B
Cash Flow
Free Cash Flow	2.03B	941.50M	1.63B	4.67B	8.77B	1.32B
Operating Cash Flow	5.52B	5.95B	5.00B	7.34B	11.77B	4.94B
Investing Cash Flow	-3.32B	-6.00B	122.29M	-7.08B	-5.84B	-4.06B
Financing Cash Flow	-1.54B	-2.21B	-6.18B	-5.40B	-2.12B	-1.02B

Xinyi Glass Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.51
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0868, the sentiment is Positive. The current price of 8.51 is above the 20-day moving average (MA) of 8.45, below the 50-day MA of 8.80, and above the 200-day MA of 8.21, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.09 is Neutral, neither overbought nor oversold. The STOCH value of 46.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0868.

Xinyi Glass Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
0868	58 Neutral	HK$37.65B	9.91	―	2.65%	―	―
3300	49 Neutral	HK$909.48M	-0.84	-177.42%	―	-11.62%	-138.95%

Xinyi Glass Holdings Corporate Events

Xinyi Glass and Xinyi Solar Formalise 2026 Intra-Group Solar Power Supply Deal

Xinyi Glass Holdings Limited and its affiliate Xinyi Solar Holdings Limited have entered into an Electricity Framework Agreement under which members of the Xinyi Solar group will supply surplus electricity from their distributed rooftop solar power generation systems to members of the Xinyi Glass group from 1 January to 31 December 2026. As Xinyi Glass is a substantial shareholder of Xinyi Solar and both companies share common controlling shareholders, the arrangement is classified as a continuing connected transaction for both issuers under Hong Kong listing rules, triggering reporting and announcement requirements but remaining exempt from circular and independent shareholders’ approval due to its relatively small transaction size; the deal underscores closer operational integration between the glass and solar units while formalizing intra-group energy supply on regulated terms.

The most recent analyst rating on (HK:0868) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on Xinyi Glass Holdings stock, see the HK:0868 Stock Forecast page.

Xinyi Glass, Xinyi Solar Renew Connected Production Equipment Purchase Deal for 2026

Xinyi Solar and Xinyi Glass have renewed their production equipment procurement arrangement, with subsidiaries of both companies signing a new 2026 Production Equipment Purchase Agreement on 24 December 2025 to cover purchases from 1 January to 31 December 2026. As Xinyi Glass is a substantial shareholder of Xinyi Solar and both groups are under common controlling shareholders, the renewed equipment purchases are classified as continuing connected transactions under Hong Kong listing rules, triggering reporting and announcement obligations but remaining exempt from shareholder approval and circular requirements because the deal size falls between 0.1% and 5% of the relevant percentage ratios.

The most recent analyst rating on (HK:0868) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on Xinyi Glass Holdings stock, see the HK:0868 Stock Forecast page.

Xinyi Group Units Reorganise Stake in Jinzai Wind Power via Connected Transaction

Xinyi Glass Holdings, together with its affiliated listed entities Xinyi Energy, Xinyi Solar and Xinyi Electric Storage, has entered into an equity transfer agreement under which Xinyi Energy (Fanchang) will acquire an equity interest in Jinzai Wind Power from Xinyi Glass (Wuhu) and XES Anhui Power, further consolidating renewable power assets within the Xinyi group structure. The transaction is classified as a connected transaction for Xinyi Glass, Xinyi Energy, Xinyi Solar and Xinyi Electric Storage under the Main Board and GEM Listing Rules, but because the relevant percentage ratios are above 0.1% and below 5%, it will only be subject to reporting and announcement requirements and will not require circulars, independent financial advice or independent shareholders’ approval, streamlining execution while maintaining disclosure obligations for investors.

The most recent analyst rating on (HK:0868) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on Xinyi Glass Holdings stock, see the HK:0868 Stock Forecast page.