Why We're Not Concerned Yet About Xinyi Electric Storage Holdings Limited's (HKG:8328) 26% Share Price Plunge
Xinyi Electric Storage Holdings Limited (HKG:8328) shares have had a horrible month, losing 26% after a relatively good period beforehand. For any long-term shareholders, the last month ends a year
Xinyi Electric Storage (08328) grants 2.2 million share options
According to the Zhitong Finance App, Xinyi Power Storage (08328) announced that on March 4, 2024, the company had granted 2.2 million share options to the grantee under the share option plan. The exercise price of the share options was HK$1,780 per share. Of these, 196,000 share options have been granted to two directors.
Xinyi Power Storage Announces Annual Results Profit attributable to shareholders of HK$83.142 million, up 81.1% year-on-year
Xinyi Electric Storage (08328) announced its annual results for the year ended 31 December 2023, with revenue of approximately HK$1,392 million, up 30.5% year on year; profit attributable to company owners was HK$83.142 million, up 81.1% year on year; basic profit per share was HK10.59 cents.
Xinyi Electric Storage (08328) announced annual results. Shareholders' profit attributable to shareholders was HK$83.142 million, an increase of 81.1% over the previous year
According to the Zhitong Finance App, Xinyi Power Storage (08328) announced results for the year ended December 31, 2023, with revenue of approximately HK$1,392 billion, up 30.5% year on year; profit attributable to company owners was HK$83.142 million, up 81.1% year on year; basic profit per share was HK10.59 cents. According to reports, the increase in profitability was mainly due to an increase in the Group's gross profit due to increased revenue; and government subsidies were confirmed based on the Group's operating costs, but this was partly offset by an increase in financial costs due to increased bank loans due to the Group's business expansion.
XY ELEC STORAGE: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
Xinyi Electric Storage and Fa Yingxi expects net profit to increase 60% to 85% year-on-year in 2023
Xinyi Electric Storage (08328) announced that it is expected that the comprehensive profit amount attributable to company owners will increase by 60% to 85% in 2023, to HK$73.4 million to HK$84.9 million, compared with net profit of HK$45.9 million in 2022. The increase was mainly due to an increase in the Group's gross profit due to an increase in revenue; and recognition of government subsidies based on the Group's operating costs, but was partially offset by an increase in financial costs due to increased bank loans due to the expansion of the Group's business.
Xinyi Electric Storage (08328) Fa Yingxi expects net profit to increase 60% to 85% year-on-year in 2023
Xinyi Power Storage (08328) announced that it is expected that in 2023, the amount of comprehensive profit attributable to company owners will increase by 60% to...
XY ELEC STORAGE: POSITIVE PROFIT ALERT FOR THE YEAR ENDED 31 DECEMBER 2023
Xinyi Electric Storage Holdings Limited (HKG:8328) May Have Run Too Fast Too Soon With Recent 26% Price Plummet
Unfortunately for some shareholders, the Xinyi Electric Storage Holdings Limited (HKG:8328) share price has dived 26% in the last thirty days, prolonging recent pain. For any long-term shareholders
XY ELEC STORAGE: THIRD QUARTERLY REPORT 2023
[Broker Focus] Societe Generale Securities Maintains Xinyi Electric Storage (08328) “Accumulation” Rating, Indicating that Film is progressing smoothly
Jinwu Financial News | According to the Societe Generale Securities Report, the 2023Q3 Xinyi Electric Storage (08328) film business revenue was HK$133 million, +594% year-on-year and +72% month-on-month. Backed by Xinyi Group's raw material procurement, cost control, and customer resource advantages, as film certification and introduction work continues to advance, revenue gradually increases, and subsequent unit costs are expected to decrease, leading to increased profits. The company's Canadian business continues to grow, and profit margins are impressive; profit margin requirements have been set for domestic projects, and revenue has declined. Subsequent companies plan to explore other high-potential overseas markets, differentiate competition, and promote photovoltaic+energy storage EPC,
Xinyi Storage announced the first three quarter results, profit attributable to shareholders of HK$4.881 million, a decrease of 4.7% year-on-year
Xinyi Electric Storage (08328) announced results for the first three quarters of the nine months ended September 30, 2023, with revenue of HK$963 million, up 38.19% year on year; profit attributable to company owners of HK$4.881 million, down 4.7% year on year; and profit per share of HK$6.12 cents. According to reports, the group's revenue increased by 38.1% year on year, mainly due to changes in revenue contributed by business segments.
XY ELEC STORAGE: THIRD QUARTERLY RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2023
XY ELEC STORAGE: INTERIM REPORT 2023
Xinyi Power Storage Releases Interim Results Shareholders' Profit of HK$13.534 Million Decreased 38% YoY
Xinyi Power Storage (08328) announced interim results for the six months ended June 30, 2023. The group obtained revenue of HK$551 million during the period, an increase of 57.4%; shareholders' profit of HK$13.534 million, a decrease of 38% over the previous year; and a basic profit of HK1.72 cents per share.
Xinyi Storage (08328) Releases Interim Results Shareholders' Profit Profit of HK$13.534 Million Decreased 38% YoY
According to the Zhitong Finance App, Xinyi Power Storage (08328) announced interim results for the six months ended June 30, 2023. The group earned revenue of HK$551 million during the period, an increase of 57.4% over the previous year; shareholders should have a profit of HK$13.534 million, a decrease of 38% over the previous year; basic profit of HK1.72 cents per share. According to the announcement, the increase in revenue was mainly due to the following reasons: the increase in revenue from the power storage business. Compared with the revenue of HK$66.3 million in the first half of 2022, revenue for the first half of 2023 was HK$159 million, mainly due to the increase in sales of industrial and commercial energy storage products during the period;
XY ELEC STORAGE: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2023
Xinyi Electric Storage (08328) issued a profit warning that net profit in the medium term is expected to drop sharply by 35%-45%
According to the Zhitong Finance App, Xinyi Power Storage (08328) announced that the amount of unaudited comprehensive profit that company owners should account for the six months ending June 30, 2023 will be drastically reduced by 35% to 45% to between HK$12 million to HK$14.2 million, while net profit for the six months ending June 30, 2022 will be HK$21.8 million. The decrease in net profit in the first half of 2023 was mainly due to a decline in overall gross margin, increased sales of industrial and commercial energy storage products, and lower gross margins for several projects undertaking engineering, procurement and construction (EPC) services for photovoltaic power plants; and an increase
XY ELEC STORAGE: PROFIT WARNING FOR THE SIX MONTHS ENDED 30 JUNE 2023
XY ELEC STORAGE: NOTICE OF BOARD MEETING
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