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

968 Stock Overview

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.

968 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	4/6
Past Performance	2/6
Financial Health	6/6
Dividends	2/6

Rewards

Trading at 62.3% below our estimate of its fair value

Earnings are forecast to grow 30.21% per year

Trading at good value compared to peers and industry

Risk Analysis

Profit margins (14.4%) are lower than last year (21.2%)

Dividend of 3.09% is not well covered by cash flows

Xinyi Solar Holdings Limited Competitors

GCL Technology Holdings

SEHK:3800

HK$32.9b

Flat Glass Group

SEHK:6865

HK$59.0b

ASMPT

SEHK:522

HK$28.6b

Pentamaster International

SEHK:1665

HK$2.1b

Price History & Performance

Summary of all time highs, changes and price drops for Xinyi Solar Holdings
Historical stock prices
Current Share Price	HK$4.85
52 Week High	HK$10.80
52 Week Low	HK$4.45
Beta	1.3
1 Month Change	-17.24%
3 Month Change	-35.76%
1 Year Change	-37.74%
3 Year Change	-64.70%
5 Year Change	67.82%
Change since IPO	325.44%

Recent updates

Is There Now An Opportunity In Xinyi Solar Holdings Limited (HKG:968)?

Oct 25

Xinyi Solar Holdings (HKG:968) Seems To Use Debt Quite Sensibly

Sep 04

Returns On Capital Signal Tricky Times Ahead For Xinyi Solar Holdings (HKG:968)

Aug 17

Xinyi Solar Holdings (HKG:968) Will Pay A Smaller Dividend Than Last Year

Aug 03

Is Now An Opportune Moment To Examine Xinyi Solar Holdings Limited (HKG:968)?

Jul 18

Xinyi Solar Holdings (HKG:968) Has Affirmed Its Dividend Of HK$0.10

Jun 04

A Look At The Intrinsic Value Of Xinyi Solar Holdings Limited (HKG:968)

May 29

Some Investors May Be Worried About Xinyi Solar Holdings' (HKG:968) Returns On Capital

May 15

Is It Time To Consider Buying Xinyi Solar Holdings Limited (HKG:968)?

Apr 04

Is Xinyi Solar Holdings (HKG:968) Using Too Much Debt?

Mar 06

Calculating The Fair Value Of Xinyi Solar Holdings Limited (HKG:968)

Feb 21

Is It Time To Consider Buying Xinyi Solar Holdings Limited (HKG:968)?

Dec 06

Is Xinyi Solar Holdings Limited (HKG:968) Trading At A 37% Discount?

Nov 21

The Returns On Capital At Xinyi Solar Holdings (HKG:968) Don't Inspire Confidence

Oct 10

Does Xinyi Solar Holdings (HKG:968) Have A Healthy Balance Sheet?

Sep 26

At HK$11.98, Is Xinyi Solar Holdings Limited (HKG:968) Worth Looking At Closely?

Aug 17

Xinyi Solar Holdings' (HKG:968) Dividend Will Be Reduced To HK$0.10

Aug 03

Returns On Capital Signal Tricky Times Ahead For Xinyi Solar Holdings (HKG:968)

Jun 28

Is Xinyi Solar Holdings Limited (HKG:968) Worth HK$12.7 Based On Its Intrinsic Value?

Jun 16

Xinyi Solar Holdings' (HKG:968) Dividend Is Being Reduced To HK$0.10

Jun 03

Xinyi Solar Holdings (HKG:968) Has Announced That Its Dividend Will Be Reduced To HK$0.10

May 12

What Does Xinyi Solar Holdings Limited's (HKG:968) Share Price Indicate?

May 11

Xinyi Solar Holdings (HKG:968) Will Pay A Smaller Dividend Than Last Year

Apr 28

Here's What's Concerning About Xinyi Solar Holdings' (HKG:968) Returns On Capital

Mar 29

Xinyi Solar Holdings (HKG:968) Is Paying Out Less In Dividends Than Last Year

Mar 16

Does Xinyi Solar Holdings (HKG:968) Have A Healthy Balance Sheet?

Mar 02

Xinyi Solar Holdings' (HKG:968) Shareholders Will Receive A Smaller Dividend Than Last Year

Mar 02

Should You Investigate Xinyi Solar Holdings Limited (HKG:968) At HK$12.56?

Jan 23

Many Would Be Envious Of Xinyi Solar Holdings' (HKG:968) Excellent Returns On Capital

Dec 23

If You Like EPS Growth Then Check Out Xinyi Solar Holdings (HKG:968) Before It's Too Late

Nov 29

Should You Investigate Xinyi Solar Holdings Limited (HKG:968) At HK$15.96?

Oct 25

Is Xinyi Solar Holdings Limited (HKG:968) Trading At A 46% Discount?

Sep 29

Xinyi Solar Holdings (HKG:968) Seems To Use Debt Quite Sensibly

Sep 17

Investors Shouldn't Overlook The Favourable Returns On Capital At Xinyi Solar Holdings (HKG:968)

Sep 05

Here's Why I Think Xinyi Solar Holdings (HKG:968) Might Deserve Your Attention Today

Aug 24

Xinyi Solar Holdings (HKG:968) Is Increasing Its Dividend To HK$0.17

Aug 04

At HK$15.32, Is Xinyi Solar Holdings Limited (HKG:968) Worth Looking At Closely?

Jul 17

Are Investors Undervaluing Xinyi Solar Holdings Limited (HKG:968) By 32%?

Jun 21

Xinyi Solar Holdings (HKG:968) Shareholders Will Want The ROCE Trajectory To Continue

May 25

Xinyi Solar Holdings (HKG:968) Has A Pretty Healthy Balance Sheet

May 05

Do Xinyi Solar Holdings's (HKG:968) Earnings Warrant Your Attention?

Apr 20

At HK$12.70, Is Xinyi Solar Holdings Limited (HKG:968) Worth Looking At Closely?

Mar 26

Did You Participate In Any Of Xinyi Solar Holdings' (HKG:968) Incredible 543% Return?

Mar 12

Shareholder Returns

	968	HK Semiconductor	HK Market
7D	-8.1%	-0.4%	0.9%
1Y	-37.7%	-6.0%	11.5%

Return vs Industry: 968 underperformed the Hong Kong Semiconductor industry which returned -6% over the past year.

Return vs Market: 968 underperformed the Hong Kong Market which returned 11.5% over the past year.

Price Volatility

Is 968's price volatile compared to industry and market?
968 volatility
968 Average Weekly Movement	7.0%
Semiconductor Industry Average Movement	6.3%
Market Average Movement	6.5%
10% most volatile stocks in HK Market	14.3%
10% least volatile stocks in HK Market	3.2%

Stable Share Price: 968 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.

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

About the Company

Founded	Employees	CEO	Website
2006	10,438	Yau Ching Lee	https://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$43.18b
Earnings (TTM)	HK$3.31b
Revenue (TTM)	HK$22.99b

13.1x

P/E Ratio

1.9x

P/S Ratio

Is 968 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
968 income statement (TTM)
Revenue	HK$22.99b
Cost of Revenue	HK$17.14b
Gross Profit	HK$5.85b
Other Expenses	HK$2.54b
Earnings	HK$3.31b

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.37
Gross Margin	25.45%
Net Profit Margin	14.39%
Debt/Equity Ratio	24.3%

How did 968 perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

47%

Payout Ratio

968 Stock Overview

Rewards

Risk Analysis

Xinyi Solar Holdings Limited Competitors

SEHK:3800

HK$32.9b

SEHK:6865

HK$59.0b

SEHK:522

HK$28.6b

SEHK:1665

HK$2.1b

Price History & Performance

Recent News & Updates

Is There Now An Opportunity In Xinyi Solar Holdings Limited (HKG:968)?

Non Executive Vice Chairman recently bought HK$5.5m worth of stock

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

Xinyi Solar Holdings (HKG:968) Seems To Use Debt Quite Sensibly

Returns On Capital Signal Tricky Times Ahead For Xinyi Solar Holdings (HKG:968)

Consensus EPS estimates fall by 21%

Recent updates

Is There Now An Opportunity In Xinyi Solar Holdings Limited (HKG:968)?

Non Executive Vice Chairman recently bought HK$5.5m worth of stock

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

Xinyi Solar Holdings (HKG:968) Seems To Use Debt Quite Sensibly

Returns On Capital Signal Tricky Times Ahead For Xinyi Solar Holdings (HKG:968)

Consensus EPS estimates fall by 21%

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

Xinyi Solar Holdings (HKG:968) Will Pay A Smaller Dividend Than Last Year

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

Price target decreased by 7.2% to HK$11.44

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 21% undervalued after recent price drop

Is Now An Opportune Moment To Examine Xinyi Solar Holdings Limited (HKG:968)?

Xinyi Solar Holdings (HKG:968) Has Affirmed Its Dividend Of HK$0.10

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

A Look At The Intrinsic Value Of Xinyi Solar Holdings Limited (HKG:968)

Some Investors May Be Worried About Xinyi Solar Holdings' (HKG:968) Returns On Capital

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Is It Time To Consider Buying Xinyi Solar Holdings Limited (HKG:968)?

Executive Director exercised options and sold HK$514k worth of stock

Executive Director exercised options and sold HK$1.1m worth of stock

Is Xinyi Solar Holdings (HKG:968) Using Too Much Debt?

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Calculating The Fair Value Of Xinyi Solar Holdings Limited (HKG:968)

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

Is It Time To Consider Buying Xinyi Solar Holdings Limited (HKG:968)?

Is Xinyi Solar Holdings Limited (HKG:968) Trading At A 37% Discount?

Less than half of directors are independent

Investor sentiment improved over the past week

The Returns On Capital At Xinyi Solar Holdings (HKG:968) Don't Inspire Confidence

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

Does Xinyi Solar Holdings (HKG:968) Have A Healthy Balance Sheet?

At HK$11.98, Is Xinyi Solar Holdings Limited (HKG:968) Worth Looking At Closely?

Upcoming dividend of HK$0.10 per share

Xinyi Solar Holdings' (HKG:968) Dividend Will Be Reduced To HK$0.10

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

Returns On Capital Signal Tricky Times Ahead For Xinyi Solar Holdings (HKG:968)

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

Is Xinyi Solar Holdings Limited (HKG:968) Worth HK$12.7 Based On Its Intrinsic Value?

Xinyi Solar Holdings' (HKG:968) Dividend Is Being Reduced To HK$0.10

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

Upcoming dividend of HK$0.10 per share

Xinyi Solar Holdings (HKG:968) Has Announced That Its Dividend Will Be Reduced To HK$0.10

What Does Xinyi Solar Holdings Limited's (HKG:968) Share Price Indicate?

Full year 2021 earnings: EPS and revenues miss analyst expectations

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

Xinyi Solar Holdings (HKG:968) Will Pay A Smaller Dividend Than Last Year

Less than half of directors are independent

Here's What's Concerning About Xinyi Solar Holdings' (HKG:968) Returns On Capital

Xinyi Solar Holdings (HKG:968) Is Paying Out Less In Dividends Than Last Year

Investor sentiment improved over the past week

Consensus EPS estimates fall by 10%

Does Xinyi Solar Holdings (HKG:968) Have A Healthy Balance Sheet?

Xinyi Solar Holdings' (HKG:968) Shareholders Will Receive A Smaller Dividend Than Last Year

Xinyi Solar Holdings Limited Announces Cash Dividend, Payable 06 July 2022