03868 XINYI ENERGY
- 1.090
- +0.030+2.83%
XINYI ENERGY News
Xinyi Energy (03868.HK) received 5.386 million shares from Ningquan Assets
Gelonghui, April 23丨According to the latest equity disclosure data from the Stock Exchange, on April 16, 2024, Xinyi Energy (03868.HK) was granted an increase of 5.386 million shares by Shanghai Ningquan Asset Management Co., Ltd. at an average price of HK$1.04 per share, involving approximately HK$5.614 million. After the increase in holdings, the latest number of shares held by Shanghai Ningquan Asset Management Co., Ltd. was 417,259,961 shares, and the shareholding ratio increased from 4.99% to 5.05%.
Are Investors Undervaluing Xinyi Energy Holdings Limited (HKG:3868) By 22%?
Key Insights The projected fair value for Xinyi Energy Holdings is HK$1.33 based on Dividend Discount Model Xinyi Energy Holdings is estimated to be 22% undervalued based on current share price of H
Changes in Hong Kong stocks | Follett Glass (06865) fell by more than 4%, leading the decline. The photovoltaic glass stock industry will have a large production capacity, and it is difficult to continue to increase significantly in demand
Photovoltaic glass stocks generally declined in early trading. As of press release, Xinyi Energy (03868) fell 4.35% to HK$1.1; Follett Glass (06865) fell 4.01% to HK$19.16; Xinyi Solar (00968) fell 2.71% to HK$2.71; and Xinyi Glass (00868) fell 2.04% to HK$8.63.
New Energy Revitalizes China's Coal-mining Subsidence Areas
he former coal mining hub in North China's Shanxi province, which was once abandoned and shrouded in silence, is now buzzing with machines and workers bracing the cold winds.
Xinyi Energy Holdings (HKG:3868) Takes On Some Risk With Its Use Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.' It's only natural to consider a company's balance sheet wh
[Broker Focus] Guoyuan International's (03868) “holding” rating target price of HK$1.32
Jinwu Financial News | According to Guoyuan International Development Research Report, Xinyi Energy (03868) achieved revenue of HK$2,517 billion in 2023, an increase of 8.7% over the previous year; net profit attributable to shareholders was HK$993 million, up 2.2% year on year. The basic profit per share was HK12.56 cents, and the annual dividend was HK6 HK cents. The company's revenue growth mainly comes from the increase in power generation due to the contribution of newly acquired power plants. The company sold 3,817.6 GWH of electricity during the period, up 19.6% year on year; profits only increased slightly, mainly due to increased financing costs due to rising overseas interest rates and increased income tax expenses. This bank refers to a company
CITIC Construction Investment: PV glass supply and demand are in dynamic balance in 2024, prices are expected to rise during the Q2 peak season
CITIC Construction Investment released a research report saying that due to its characteristics of heavy assets, long construction cycle, continuous production, and large inventory area, production capacity is usually released in a “stepwise” manner. When module production schedules rise rapidly, it is more likely to cause phased supply and demand mismatches compared to other auxiliary materials.
CITIC Construction Investment: Raise supply and demand in some aspects of domestic PV installation demand in 2024 or reverse ahead of schedule
Domestic PV consumption bottlenecks may be opened, which will bring more room for new domestic PV installations.
Galaxy Securities: Why does the photovoltaic sector continue to rise?
The Zhitong Finance App learned that Galaxy Securities released a research report saying that due to factors such as rising demand and boosting confidence at the end of Q1, the PV sector experienced a good rebound. At the same time, it suggests that policy expectations continue to improve, and that the subsequent development of the photovoltaic industry in the short, medium and long term should be viewed positively.
Changes in Hong Kong stocks | Xinyi Energy (03868) fell more than 7% at the end of the session, and the annual dividend was far lower than market expectations and lowered the dividend forecast for this year and next two years
Xinyi Energy (03868) fell more than 7% at the end of the session. As of press release, it was down 3.51% to HK$1.1, with a turnover of HK$16.7775 million.
Changes in Hong Kong stocks | Xinyi Energy (03868) rose more than 8%, leading the way in PV stocks. Recently, prices in all parts of the PV industry chain have shown signs of stabilizing
Photovoltaic stocks rose collectively. As of press release, Xinyi Energy (03868) rose 8.49% to HK$1.15; Follett Glass (06865) rose 7.55% to HK$16.52; Xinte Energy (01799) rose 7.33% to HK$10.84; and GCL Technology (03800) rose 3.77% to HK$1.1.
Earnings Miss: Xinyi Energy Holdings Limited Missed EPS By 13% And Analysts Are Revising Their Forecasts
Xinyi Energy Holdings Limited (HKG:3868) missed earnings with its latest full-year results, disappointing overly-optimistic forecasters. It wasn't a great result overall - while revenue fell marg
Changes in Hong Kong stocks | Xinyi Energy (03868) fell more than 6% in the intraday period, and annual results fell short of expectations. Institutions say the profit of the company's stock projects is highly uncertain
The Zhitong Finance App learned that Xinyi Energy (03868) fell more than 6% in the intraday period. As of press release, it fell 3.67% to HK$1.05, with a turnover of HK$6.234,300. According to the news, Xinyi Energy announced that for the year ended December 31, 2023, the company's revenue was HK$2,517.4 billion, up 8.7% year on year; the profit due to shareholders of the company was HK$993 million, up 2.2% year on year. According to BOC International, the company's performance fell short of expectations, mainly because electricity sales fell short of expectations due to factors such as weather and light abandonment. The bank pointed out that the company abandoned light for the first time last year, and the light abandonment rate reached
BOC International: Maintaining Xinyi Energy's (03868) “Neutral” Rating and Lowering the Target Price to HK$1.16
BOC International anticipates that the Xinyi Energy (03868) stock project will continue to be at risk of falling electricity prices.
[Broker Focus] BOC International's target price reduction of 24% indicates that the profit of the company's stock projects is highly uncertain
Jinwu Financial News | According to BOC International Development Research Report, Xinyi Energy (03868) achieved net profit of HK$426 million in the second half of last year, +22.3%/-24.8% year over year, lower than the bank/market's expectations of 25%/27%, mainly due to factors such as weather and light abandonment. The company abandoned light for the first time last year, with a light abandonment rate of 2.5%. The bank expects to continue to rise in the future, or close to 5%. Since the second half of last year, many provinces have introduced policies to increase the market-based trading ratio of new energy sources. The bank anticipates that future stock projects will risk falling electricity prices. The bank was lowered 2024/20
Xinyi Energy's 2023 Profit Increases
Xinyi Energy Holdings (HKG:3868) attributable profit rose to HK$993 million in 2023 from HK$971.5 million in 2022, a Wednesday filing said. Earnings per share at the solar farm operator increased to H
[Broker Focus] Sino-Thai International cut its target price for Xinyi Energy (03868) by 48% to HK$1.19, indicating that last year's performance fell short of expectations
Jinwu Financial News | According to the Sino-Thai International Development Research Report, Xinyi Energy's (03868) shareholders' net profit in 2023 increased 2.2% year-on-year to $990 million (HK$990 million, same below), which is 12.2% and 15.3% lower than the bank's and market forecasts of $1.13 billion and $1.17 billion, respectively. The amount of electricity subsidy payments decreased by 74.1% year on year to 490 million yuan. The company's financial situation is slightly lower, and the net debt ratio is expected to rise from 26.9% in 2022 to 42.3% in 2023. Last year, the company abandoned the high dividend policy due to the need to reserve cash for project mergers and acquisitions. Dividend ratio (per
UBS: Maintaining Xinyi Energy's (03868) “Neutral” Rating and Lowering the Target Price to HK$1.2
UBS lowered Xinyi Energy's (03868) earnings forecast per share from 2024 to 2026 by 8%, 11%, and 12%.
[Broker Focus] Guojin Securities maintains Xinyi Energy's (03868) “buy” rating, indicating that it is expected to reduce costs through domestic financing
Jinwu Financial News | Guojin Securities Research Report said that on February 28, Xinyi Energy (03868) released its 2023 annual report, achieving revenue of HK$2,517 billion, up 8.7% year on year. Net profit attributable to shareholders of listed companies was HK$993 million, up 2.2% year on year. A final dividend of HK$0.026 was paid per share, and annual dividends accounted for 46% of distributable revenue. The company's annual power generation increased 19.6% year on year, and gross margin decreased slightly by 2.7 pct; the parent company had sufficient reserve projects, and the share of affordable projects further increased. Furthermore, the 2023 corporate finance expense ratio is 14.1
Guojin Securities: Maintaining Xinyi Solar's “buy” rating this year is expected to achieve a shipment growth rate faster than the industry's growth rate
Guojin Securities released a research report stating that it maintained the “buy” rating of Xinyi Solar (00968), adjusted the 2024-2025 net profit forecast to 49.47 (-18%), 62.59 (-19%), and added the 2026 net profit forecast of HK$7.614 billion based on the current judgment on the photovoltaic glass industry and the company's latest plans. On February 28, the company disclosed its 2023 annual report. In 2023, it achieved revenue of HK$26.63 billion, up 29.6% year on year; realized net profit of HK$4.19 billion, up 9.6% year on year, slightly exceeding expectations. Guojin Securities mainly
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