968 Stock Overview

An investment holding company, produces and sells solar glass products in the People’s Republic of China, rest of Asia, North America, Europe, and internationally. More details

968 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	1/6
Financial Health	6/6
Dividends	0/6

Rewards

Earnings are forecast to grow 36.19% per year

Trading at good value compared to peers and industry

Risk Analysis

Profit margins (4.6%) are lower than last year (15.7%)

Community vs My Fair Value

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Xinyi Solar Holdings Limited Competitors

Flat Glass Group

SEHK:6865

HK$46.5b

ASMPT

SEHK:522

HK$23.8b

Pentamaster International

SEHK:1665

HK$2.4b

Shanghai Fudan Microelectronics Group

SEHK:1385

HK$37.1b

Price History & Performance

Summary of share price highs, lows and changes for Xinyi Solar Holdings
Historical stock prices
Current Share Price	HK$3.28
52 Week High	HK$6.68
52 Week Low	HK$2.73
Beta	1.51
1 Month Change	-2.67%
3 Month Change	2.18%
1 Year Change	-47.01%
3 Year Change	-76.74%
5 Year Change	-24.07%
Change since IPO	28.13%

Recent updates

Shareholder Returns

	968	HK Semiconductor	HK Market
7D	-6.0%	-7.0%	0.6%
1Y	-47.0%	73.7%	29.0%

Return vs Industry: 968 underperformed the Hong Kong Semiconductor industry which returned 73.7% over the past year.

Return vs Market: 968 underperformed the Hong Kong Market which returned 29% over the past year.

Price Volatility

Is 968's price volatile compared to industry and market?
968 volatility
968 Average Weekly Movement	7.1%
Semiconductor Industry Average Movement	8.3%
Market Average Movement	6.9%
10% most volatile stocks in HK Market	14.3%
10% least volatile stocks in HK Market	3.2%

Stable Share Price: 968 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 968's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2006	9,645	Shing Put Lee	www.xinyisolar.com

Xinyi Solar Holdings Limited, an investment holding company, produces and sells solar glass products in the People’s Republic of China, rest of Asia, North America, Europe, and internationally. It operates in two segments, Sales of Solar Glass and Solar Farm Business. The company offers ultra-clear patterned solar glasses, back glasses, and anti-reflective coating solar glasses to photovoltaic module manufacturers.

Xinyi Solar Holdings Limited Fundamentals Summary

How do Xinyi Solar Holdings's earnings and revenue compare to its market cap?
968 fundamental statistics
Market cap	HK$29.78b
Earnings (TTM)	HK$1.01b
Revenue (TTM)	HK$21.92b

29.5x

P/E Ratio

1.4x

P/S Ratio

Is 968 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
968 income statement (TTM)
Revenue	HK$21.92b
Cost of Revenue	HK$18.45b
Gross Profit	HK$3.47b
Other Expenses	HK$2.46b
Earnings	HK$1.01b

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.11
Gross Margin	15.84%
Net Profit Margin	4.60%
Debt/Equity Ratio	33.8%

How did 968 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/03/16 05:44
End of Day Share Price	2025/03/14 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Xinyi Solar Holdings Limited is covered by 38 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Edward Leung	BofA Global Research
Ka So	CCB International Securities Limited
Jian Xiong Lim	CFRA Equity Research

968 Stock Overview

Rewards

Risk Analysis

Xinyi Solar Holdings Limited Competitors

SEHK:6865

HK$46.5b

SEHK:522

HK$23.8b

SEHK:1665

HK$2.4b

SEHK:1385

HK$37.1b

Price History & Performance

Recent News & Updates

Xinyi Solar Holdings Limited to Report Fiscal Year 2024 Results on Feb 28, 2025

Xinyi Solar Holdings Limited Provides Earnings Guidance for the Year Ending 31 December 2024

Now 29% overvalued after recent price rise

Investor sentiment improves as stock rises 24%

Investor sentiment improves as stock rises 36%

Now 27% overvalued after recent price rise

Recent updates

Xinyi Solar Holdings Limited to Report Fiscal Year 2024 Results on Feb 28, 2025

Xinyi Solar Holdings Limited Provides Earnings Guidance for the Year Ending 31 December 2024

Now 29% overvalued after recent price rise

Investor sentiment improves as stock rises 24%

Investor sentiment improves as stock rises 36%

Now 27% overvalued after recent price rise

First half 2024 earnings released: EPS: HK$0.22 (vs HK$0.16 in 1H 2023)

First half 2024 earnings released: EPS: HK$0.22 (vs HK$0.16 in 1H 2023)

First half dividend increased to HK$0.10

Xinyi Solar Holdings Limited to Report First Half, 2024 Results on Jul 31, 2024

Investor sentiment deteriorates as stock falls 16%

Xinyi Solar Holdings Limited Approves Final Dividend for the Year Ended 31 December 2023

Upcoming dividend of HK$0.15 per share

New minor risk - Share price stability

Now 21% undervalued

Full year 2023 earnings released: EPS: HK$0.47 (vs HK$0.43 in FY 2022)

Xinyi Solar Holdings Limited (SEHK:968) acquired Solar farm project of Qujing Yingli Photovoltaic Power Development from Qujing Yingli Photovoltaic Power Development Limited.

Xinyi Solar Holdings Limited, Annual General Meeting, May 31, 2024

Now 20% undervalued

Investor sentiment deteriorates as stock falls 16%

Investor sentiment improves as stock rises 37%

Final dividend of HK$0.15 announced

Full year 2023 earnings released: EPS: HK$0.47 (vs HK$0.43 in FY 2022)

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

Non Executive Vice Chairman recently bought HK$4.9m worth of stock

Investor sentiment deteriorates as stock falls 16%

CEO & Executive Director recently bought HK$2.8m worth of stock

First half 2023 earnings released: EPS: HK$0.16 (vs HK$0.21 in 1H 2022)

Upcoming dividend of HK$0.075 per share at 2.0% yield

Xinyi Solar Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 6 September 2023

First half 2023 earnings released: EPS: HK$0.16 (vs HK$0.21 in 1H 2022)

Xinyi Solar Holdings Limited Announces Re-Designation of Directors

Now 20% undervalued after recent price drop

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

Full year 2022 earnings released: EPS: HK$0.43 (vs HK$0.56 in FY 2021)

Full year 2022 earnings released: EPS: HK$0.43 (vs HK$0.56 in FY 2021)

Xinyi Solar Holdings Limited to Report Fiscal Year 2022 Results on Feb 27, 2023

Less than half of directors are independent

First half 2022 earnings released: EPS: HK$0.21 (vs HK$0.35 in 1H 2021)

Upcoming dividend of HK$0.10 per share

Xinyi Solar Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable 06 September 2022

First half 2022 earnings released: EPS: HK$0.21 (vs HK$0.35 in 1H 2021)

Xinyi Solar Holdings Limited to Report First Half, 2022 Results on Aug 01, 2022

Xinyi Solar Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ending 30 June 2022

Xinyi Solar Holdings Limited Declares A Final Dividend for the Year Ended 31 December 2021

Upcoming dividend of HK$0.10 per share

Full year 2021 earnings released: EPS: HK$0.56 (vs HK$0.55 in FY 2020)

Xinyi Solar Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2021, Payable on or About 6 July 2022

Less than half of directors are independent

Investor sentiment improved over the past week

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

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

Investor sentiment deteriorated over the past week

Insider recently bought HK$6.4m worth of stock

First half 2021 earnings released: EPS HK$0.35 (vs HK$0.17 in 1H 2020)

Investor sentiment improved over the past week