Xinyi Solar Holdings Limited
XNYIF
Other OTC0.22
USD
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Xinyi Solar Holdings Limited
XNYIF
(Other OTC)
Recent
price
0.22
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Xinyi Solar Holdings Limited is a leading global manufacturer and supplier of photovoltaic (PV) glass products, specializing in research, development, manufacturing, sales, and after-sales services of solar glass. Its core products include ultra-clear patterned solar glass (raw and tempered), anti-reflective coating glass, and back glass, which are supplied to major PV module manufacturers worldwide. The company operates through three main business segments: Sales of Solar Glass, Solar Farm Business, and Engineering, Procurement, and Construction (EPC) Services. The Sales of Solar Glass segment produces and sells various types of solar glass products; the Solar Farm Business segment involves the development, operation, and management of solar farms and solar power generation; and the EPC Services segment delivers engineering, procurement, and construction services related to solar power systems. Xinyi Solar also engages in mining activities and the sale of mining products. The company operates production bases across China including Wuhu, Beihai, Zhangjiagang, as well as in Malacca, Malaysia, with a total daily melting capacity of 23,200 tonnes as of mid-2025. It serves markets in Mainland China, other Asian regions, North America, and Europe. Founded in 2006 and headquartered in Wuhu, Anhui Province, China, Xinyi Solar is publicly traded on the Hong Kong Stock Exchange under the ticker 968.HK. In the last two years, Xinyi Solar has strategically adjusted its solar glass production capacity in response to market fluctuations, reducing the number of new production lines initiated in 2024 from six planned to four, lowering its operating capacity to better align production with demand and improve cost efficiencies. The company also completed the disposal of solar farm projects totaling 860 megawatts to its subsidiary Xinyi Energy Holdings Limited, which focuses on the operation and management of solar power assets. In 2024, Xinyi Solar connected two utility-scale solar farm projects with a combined capacity of 300 megawatts to the grid, though it slowed new project construction in the latter half of the year due to increased uncertainty in investment returns. The group has implemented enhanced risk management, tighter cost control, and operational streamlining to navigate challenging market conditions. These moves align with the company’s strategic priority to focus on technology innovation, product quality improvement, and portfolio optimization to maintain competitiveness and sustainable growth in the photovoltaic glass industry and the solar farm sector. Xinyi Solar continues to leverage its market leadership and technology expertise to promote green energy solutions globally, supporting the reduction of CO2 emissions and contributing to the renewable energy transition. The company maintains a strong commitment to sustainable practices in its manufacturing and operational activities, pursuing high-quality development and long-term value creation for shareholders. This comprehensive business model positions Xinyi Solar Holdings Limited as one of the largest solar cover glass producers in the world by market share, with significant influence in the solar energy industry through its integrated product and service offerings spanning glass production, solar farm development, and EPC services.
Xinyi Solar (OTCMKTS:XNYIF) & SolarEdge Technologies (NASDAQ:SEDG) Head to Head Comparison
Head to Head Contrast: Emeren Group (NYSE:SOL) & Xinyi Solar (OTCMKTS:XNYIF)