Xinyi Solar Holdings Limited
DB:13X Stock Report
Xinyi Solar Holdings Balance Sheet Health
Financial Health criteria checks 6/6 Xinyi Solar Holdings has a total shareholder equity of HK$37.5B and total debt of HK$11.2B, which brings its debt-to-equity ratio to 29.8%. Its total assets and total liabilities are HK$62.5B and HK$25.0B respectively. Xinyi Solar Holdings's EBIT is HK$6.8B making its interest coverage ratio 16.5. It has cash and short-term investments of HK$2.2B.
Key information
29.8%
Debt to equity ratio
Interest coverage ratio 16.5x Cash HK$2.20b Equity HK$37.49b Total liabilities HK$24.97b Total assets HK$62.47b
Recent financial health updates
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Now 24% overvalued after recent price rise Oct 26
Now 22% overvalued after recent price rise Sep 30
First half 2024 earnings released: EPS: HK$0.22 (vs HK$0.16 in 1H 2023) Sep 26
First half dividend of HK$0.10 announced Aug 02
First half 2024 earnings released: EPS: HK$0.22 (vs HK$0.16 in 1H 2023) Aug 01
Xinyi Solar Holdings Limited to Report First Half, 2024 Results on Jul 31, 2024 Jul 20
Xinyi Solar Holdings Limited Approves Final Dividend for the Year Ended 31 December 2023 Jun 01
Upcoming dividend of HK$0.15 per share May 28
Now 23% undervalued May 23
Now 21% undervalued May 09
Full year 2023 earnings released: EPS: HK$0.47 (vs HK$0.43 in FY 2022) May 02
Xinyi Solar Holdings Limited (SEHK:968) acquired Solar farm project of Qujing Yingli Photovoltaic Power Development from Qujing Yingli Photovoltaic Power Development Limited. May 02 Xinyi Solar Holdings Limited, Annual General Meeting, May 31, 2024
Final dividend of HK$0.15 announced Mar 01
Full year 2023 earnings released: EPS: HK$0.47 (vs HK$0.43 in FY 2022) Feb 29
Xinyi Solar Holdings Limited Announces Change of Chief Executive Officer, Effective 1 April 2024 Feb 29 Xinyi Solar Holdings Limited Announces Change of Chief Executive Officer, Effective 1 April 2024
Xinyi Solar Holdings Limited to Report Q4, 2023 Results on Feb 28, 2024 Feb 17
New major risk - Share price stability Jan 23
Non Executive Vice Chairman recently bought €591k worth of stock Nov 09
Non Executive Vice Chairman recently bought €669k worth of stock Oct 25
Non-Executive Director recently bought €1.4m worth of stock Sep 28
Upcoming dividend of HK$0.075 per share at 2.0% yield Aug 04
Xinyi Solar Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 6 September 2023 Aug 03
First half 2023 earnings released: EPS: HK$0.16 (vs HK$0.21 in 1H 2022) Aug 01
Xinyi Solar Holdings Limited Announces Re-Designation of Directors Aug 01
New minor risk - Share price stability Jul 19
Now 20% undervalued after recent price drop Jul 10 Xinyi Solar Holdings Limited Approves Final Dividend for the Year Ended 31 December 2022
Upcoming dividend of HK$0.10 per share at 2.5% yield May 30
Full year 2022 earnings released: EPS: HK$0.43 (vs HK$0.56 in FY 2021) Apr 30
Now 20% undervalued after recent price drop Mar 01
Full year 2022 earnings released: EPS: HK$0.43 (vs HK$0.56 in FY 2021) Feb 28
Xinyi Solar Holdings Limited to Report Fiscal Year 2022 Results on Feb 27, 2023 Feb 16
Less than half of directors are independent Nov 16
Investor sentiment improved over the past week Nov 07
First half 2022 earnings released: EPS: HK$0.21 (vs HK$0.35 in 1H 2021) Oct 02
Upcoming dividend of HK$0.10 per share Aug 04
First half 2022 earnings released: EPS: HK$0.21 (vs HK$0.35 in 1H 2021) Aug 02
Xinyi Solar Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable 06 September 2022 Aug 02
Xinyi Solar Holdings Limited to Report First Half, 2022 Results on Aug 01, 2022 Jul 21 Xinyi Solar Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ending 30 June 2022 Jun 26
Xinyi Solar Holdings Limited Declares A Final Dividend for the Year Ended 31 December 2021
Upcoming dividend of HK$0.10 per share May 31
Full year 2021 earnings released: EPS: HK$0.56 (vs HK$0.55 in FY 2020) May 02
Xinyi Solar Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2021, Payable on or About 6 July 2022 May 02
Less than half of directors are independent Apr 27
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Mar 01 Xinyi Solar Holdings Limited Announces Cash Dividend, Payable 06 July 2022
Xinyi Solar Holdings Limited to Report Fiscal Year 2021 Results on Feb 28, 2022 Feb 17
Insider recently bought €714k worth of stock Nov 03
First half 2021 earnings released: EPS HK$0.35 (vs HK$0.17 in 1H 2020) Sep 07
Upcoming dividend of HK$0.17 per share Aug 10
First half 2021 earnings released: EPS HK$0.35 (vs HK$0.17 in 1H 2020) Aug 03
Xinyi Solar Holdings Limited Provides Earnings Guidance for the Six Months Ending 30 June 2021 Jun 17
Investor sentiment improved over the past week Jun 15
Xinyi Solar Holdings Limited Approves Final Dividend for the Year Ended 31 December 2020 May 29
Upcoming dividend of HK$0.17 per share May 25
Investor sentiment improved over the past week May 21
Investor sentiment deteriorated over the past week May 06
Full year 2020 earnings released: EPS HK$0.55 (vs HK$0.30 in FY 2019) Apr 24
Full year 2020 earnings released: EPS HK$0.55 (vs HK$0.30 in FY 2019) Mar 02
Revenue misses expectations Mar 02
Xinyi Solar Holdings Limited, Annual General Meeting, May 28, 2021 Mar 02
Investor sentiment deteriorated over the past week Feb 24
Xinyi Solar Holdings Limited to Report Fiscal Year 2020 Results on Mar 01, 2021 Feb 18
Investor sentiment deteriorated over the past week Jan 16
Xinyi Solar Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 3.9 billion. Dec 30
New 90-day high: €1.97 Dec 23
Investor sentiment improved over the past week Dec 22
Investor sentiment improved over the past week Dec 19
Market pulls back on stock over the past week Nov 05
Market bids up stock over the past week Oct 30
New 90-day high: €1.88 Oct 30
Market pulls back on stock over the past week Oct 15
Xinyi Solar Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 2.66208 billion. Oct 01
New 90-day high: €1.18 Sep 19
New 90-day high - €1.04 Aug 26
New 90-day high - €1.02 Aug 06
Earnings released Aug 03
Xinyi Solar Holdings Limited to Report First Half, 2020 Results on Aug 03, 2020 Jul 23
Financial Position Analysis
Short Term Liabilities: 13X's short term assets (HK$20.4B) exceed its short term liabilities (HK$17.6B).
Long Term Liabilities: 13X's short term assets (HK$20.4B) exceed its long term liabilities (HK$7.4B).
Debt to Equity History and Analysis
Debt Level: 13X's net debt to equity ratio (23.9%) is considered satisfactory .
Reducing Debt: 13X's debt to equity ratio has reduced from 44.7% to 29.8% over the past 5 years.
Debt Coverage: 13X's debt is well covered by operating cash flow (43.5%).
Interest Coverage: 13X's interest payments on its debt are well covered by EBIT (16.5x coverage).
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