Xinyi Solar Holdings Ltd.
0.26
EUR
+0.00
(-1.57%)
ISIN
KYG9829N1025
CUSIP
G9829N102
Return %
Stock
S&P 500
1Y
-26.71
14.20
3Y
-69.15
81.12
5Y
-85.04
68.34
Capital Structure
CNY
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
CNY
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in mil. unless spec.Semi-annual Earnings Per Share
CNY
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in mil. unless spec.Semi-annual Dividends Per Share
CNY
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in mil. unless spec.Company Description
- CEO
- Shing Put Lee
- Full Time Employees
- 7,712
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- Xinyi PV Glass Industrial Zone Wuhu AN China 241009
- IPO Date
- Nov 22, 2013
- Website
- xinyisolar.com
- Similar Companies
- Business
- Xinyi Solar Holdings Limited manufactures and sells photovoltaic glass products and develops solar farms. Founded in 2006 and headquartered in Wuhu, Anhui Province, People's Republic of China, the company operates six major production bases in Mainland China, including Wuhu, Beihai, Zhangjiagang and Tianjin, and in Malacca, Malaysia, with a total daily melting capacity of 23,200 tonnes as of 31 December 2024; it supplies ultra-clear patterned solar glass in raw and tempered forms, anti-reflective coating glass, back glass and related products to leading photovoltaic module manufacturers worldwide across Mainland China, Asia, North America, Europe and other regions. The company also engages in solar farm development, operation and management with a cumulative approved grid-connected capacity of 6,244MW, comprising 5,841MW utility-scale ground-mounted projects in provinces including Anhui, Hubei, Guangdong, Yunnan and Guangxi, and 403MW distributed generation projects; it provides engineering, procurement and construction services, solar power systems, silicon products and mining activities. In 2024, Xinyi Solar sold 860MW of solar farm projects to affiliate Xinyi Energy Holdings Limited to delineate business roles and replenish working capital, reduced operational solar glass capacity from 27,000 tonnes per day as of 30 June to 23,200 tonnes per day by year-end amid industry supply-demand imbalances and price declines, completed grid connection of 300MW new solar farms in the first half, suspended certain production facilities leading to RMB392.9 million impairment provisions and RMB159.3 million inventory write-downs, shifted financing toward lower-rate RMB bank loans increasing their share to 84.3% of total borrowings with long-term loans at 47.2%, and registered for up to RMB3.0 billion Panda Bonds approved in March 2025 to diversify funding and hedge RMB exposure; total revenue fell 9.3% to RMB21,921.4 million with solar glass sales down 11.9% to RMB18,820.0 million on 9.6% higher volume but sharply lower average selling prices, while solar farm revenue rose 12.1% to RMB3,017.3 million.
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