Xinyi Solar Holdings (0968) AI Stock Analysis

• Market Cap: $23.60B
• Dividend Yield: 9.49%
• Average Volume (3M): 66.40M
• Price to Earnings (P/E): 23.3
• Beta (1Y): 1.21
• Revenue Growth: -17.68%
• EPS Growth: -76.04%
• Country: HK
• Employees: 9,645
• Sector: Technology
• Sector Strength: 66
• Industry: Solar
• EPS (TTM): -0.11
• Shares Outstanding: 9,078,447,000
• 10 Day Avg. Volume: 44,733,697
• 30 Day Avg. Volume: 66,403,340
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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: $3.33
• Price Target Upside: 30.23% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

Xinyi Solar Holdings shows strong revenue growth but faces profitability pressures and increased leverage. Cash flow volatility is a risk, and technical indicators suggest bearish momentum. The stock's high dividend yield is a positive, but the high P/E ratio and weak technicals temper the overall attractiveness.

Xinyi Solar Holdings Business Overview & Revenue Model

Company Description

Xinyi Solar Holdings Limited (0968) is a leading manufacturer and provider of solar glass products primarily used in photovoltaic solar energy systems. The company is headquartered in China and operates within the renewable energy sector. Xinyi Solar's core products include high-quality ultra-clear photovoltaic raw glass and processed glass, which are integral components for solar panel manufacturers globally.

How the Company Makes Money

Xinyi Solar Holdings makes money through the production and sale of solar glass products. The company's revenue model is primarily based on manufacturing and distributing ultra-clear photovoltaic raw glass and processed glass to a wide array of solar module manufacturers. Xinyi Solar benefits from economies of scale in production, enabling competitive pricing and high-quality offerings. A key revenue stream is the sale of these glass products to both domestic and international markets, leveraging significant partnerships with leading solar panel producers. Additionally, the company invests in solar farms, generating revenue through the sale of electricity generated from these renewable resources. Xinyi Solar's strategic positioning in the growing renewable energy sector and its robust manufacturing capabilities contribute significantly to its earnings.

Xinyi Solar Holdings Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
26.63B	20.54B	16.06B	12.32B	9.10B
	Gross Profit
7.09B	6.12B	7.52B	6.56B	3.90B
	EBIT
5.89B	5.09B	6.38B	5.74B	3.20B
	EBITDA
7.78B	6.90B	7.85B	6.82B	4.20B
	Net Income Common Stockholders
4.19B	3.82B	4.92B	4.56B	2.42B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.88B	5.37B	7.46B	9.29B	2.22B
	Total Assets
60.43B	50.58B	49.07B	43.42B	28.40B
	Total Debt
11.51B	8.91B	8.85B	6.81B	7.31B
	Net Debt
8.69B	3.59B	1.39B	-2.48B	5.09B
	Total Liabilities
22.57B	15.34B	12.96B	11.19B	9.82B
	Stockholders Equity
31.97B	29.75B	30.31B	26.52B	14.18B
Cash Flow		Free Cash Flow
-4.10B	-723.25M	-1.15B	1.06B	-719.54M
	Operating Cash Flow
5.79B	5.92B	3.79B	4.35B	1.63B
	Investing Cash Flow
-10.40B	-5.52B	-4.91B	-2.36B	1.50B
	Financing Cash Flow
2.19B	-1.99B	-805.82M	4.99B	-1.68B

Xinyi Solar Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.56
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0968, the sentiment is Negative. The current price of 2.56 is below the 20-day moving average (MA) of 2.57, below the 50-day MA of 3.02, and below the 200-day MA of 3.27, indicating a bearish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 38.43 is Neutral, neither overbought nor oversold. The STOCH value of 52.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0968.

Xinyi Solar Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$10.83B	10.47	-6.71%	2.99%	7.73%	-12.97%
0968	59 Neutral	$23.60B	23.34	3.28%	9.49%	-17.68%	-76.04%
1193	59 Neutral	HK$49.90B	12.21	9.94%	5.76%	1.39%	-21.74%
6865	59 Neutral	HK$35.25B	54.69	1.56%	6.67%	-22.88%	-89.15%
3800	32 Underperform	$22.22B	―	-11.91%	―	-56.32%	-272.70%

Xinyi Solar Holdings Corporate Events

Xinyi Solar Proposes Amendments to Constitutional Documents

Xinyi Solar Holdings Limited has announced proposed amendments to its constitutional documents to align with the latest legal and regulatory requirements in the Cayman Islands and Hong Kong. These changes include compliance with new electronic dissemination rules and the creation of treasury shares, pending approval at the upcoming annual general meeting. The amendments aim to enhance operational efficiency and ensure regulatory compliance, potentially impacting the company’s governance and shareholder engagement.

Xinyi Solar Holdings Announces Change of Auditor

Xinyi Solar Holdings Limited has announced a change in its auditing firm, with PricewaterhouseCoopers retiring due to unresolved remuneration issues. The company plans to appoint Ernst & Young as the new auditor, pending shareholder approval, citing their industry expertise and compliance with Hong Kong’s financial standards as key factors in the decision.

Xinyi Solar Grants 17 Million Share Options to Align Interests and Incentivize Employees

Xinyi Solar Holdings Limited has announced the grant of 17,050,000 share options to its director and employees under its Share Option Scheme. The options, which are subject to performance-based vesting over three years, aim to align the interests of the grantees with the company and its shareholders, incentivizing long-term commitment and success in the Group’s operations.

Xinyi Solar Holdings Gains Approval for Panda Bonds Issuance

Xinyi Solar Holdings Limited has received approval from the National Association of Financial Market Institutional Investors for the registration of Panda Bonds, with a proposed issuance of up to RMB3.0 billion over two years. The issuance of these bonds is subject to various factors, and the company will make further announcements regarding the detailed terms and conditions, impacting its financial strategy and market positioning.

Xinyi Solar Reports Significant Profit Decline in 2024

Xinyi Solar Holdings Limited reported a significant decline in its financial performance for the year ended December 31, 2024. The company’s revenue decreased by 9.3% to RMB 21,921.4 million, and profit attributable to equity holders plummeted by 73.8% to RMB 1,008.2 million. This downturn is reflected in the earnings per share, which dropped from 43.17 RMB cents to 11.27 RMB cents. The financial results indicate challenges in maintaining profitability amid rising costs and impairment losses, impacting the company’s market positioning and stakeholder confidence.

Xinyi Solar Holdings Announces Upcoming Board Meeting for Annual Results

Xinyi Solar Holdings Limited has announced a board meeting scheduled for February 28, 2025, to approve the release of its annual results for the year ending December 31, 2024, and consider the recommendation of a final dividend. This announcement signals the company’s ongoing commitment to transparency and shareholder value, with potential implications for its financial performance and strategic positioning in the solar energy market.