Xinyi Solar Holdings (SZSC:968) - Stock Price, News & Analysis

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.

About the company

968 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	5/6
Financial Health	6/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (6.5x) is below the Hong Kong market (9.8x)

Earnings are forecast to grow 9.02% per year

Earnings grew by 43.9% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Dividend of 7.35% is not well covered by free cash flows

Xinyi Solar Holdings Limited Competitors

Flat Glass Group

SEHK:6865

HK$57.3b

ASMPT

SEHK:522

HK$31.3b

Pentamaster International

SEHK:1665

HK$1.5b

Shanghai Fudan Microelectronics Group

SEHK:1385

HK$30.4b

Price History & Performance

Summary of all time highs, changes and price drops for Xinyi Solar Holdings
Historical stock prices
Current Share Price	HK$3.40
52 Week High	HK$6.82
52 Week Low	HK$2.73
Beta	1.36
11 Month Change	-3.13%
3 Month Change	1.80%
1 Year Change	-35.97%
33 Year Change	-76.96%
5 Year Change	-27.97%
Change since IPO	32.81%

Recent updates

Shareholder Returns

	968	HK Semiconductor	HK Market
7D	-7.1%	-3.8%	-4.6%
1Y	-36.0%	10.8%	13.8%

Return vs Industry: 968 underperformed the Hong Kong Semiconductor industry which returned 10.8% over the past year.

Return vs Market: 968 underperformed the Hong Kong Market which returned 13.8% over the past year.

Price Volatility

Is 968's price volatile compared to industry and market?
968 volatility
968 Average Weekly Movement	12.0%
Semiconductor Industry Average Movement	14.3%
Market Average Movement	9.0%
10% most volatile stocks in HK Market	19.1%
10% least volatile stocks in HK Market	4.2%

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 (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2006	12,638	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$30.87b
Earnings (TTM)	HK$4.76b
Revenue (TTM)	HK$27.17b

6.5x

P/E Ratio

1.1x

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$27.17b
Cost of Revenue	HK$19.35b
Gross Profit	HK$7.82b
Other Expenses	HK$3.07b
Earnings	HK$4.76b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.52
Gross Margin	28.79%
Net Profit Margin	17.51%
Debt/Equity Ratio	29.8%

How did 968 perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

47%

Payout Ratio

968 Stock Overview

Rewards

Risk Analysis

Xinyi Solar Holdings Limited Competitors

SEHK:6865

HK$57.3b

SEHK:522

HK$31.3b

SEHK:1665

HK$1.5b

SEHK:1385

HK$30.4b

Price History & Performance

Recent News & Updates

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)

Recent updates

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

Upcoming dividend of HK$0.17 per share

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