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Xinyi Solar Holdings ADR
Previous close
$8.33
Day range
$7.90 - $8.20
Year range
$7.07 - $17.18
Market cap
28.14B HKD
Avg Volume
5.44K
Market news
Financials
Income Statement
Revenue
Net income
(HKD) | Jun 2024info | Y/Y change |
---|---|---|
Revenue | 6.34B | 4.49% |
Operating expense | 265.36M | 0.85% |
Net income | 981.24M | 41.03% |
Net profit margin | 15.47 | 34.99% |
Earnings per share | — | — |
EBITDA | 1.92B | 29.15% |
Effective tax rate | 19.03% | — |
Balance Sheet
Total assets
Total liabilities
(HKD) | Jun 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 2.20B | -48.36% |
Total assets | 62.47B | 17.76% |
Total liabilities | 24.97B | 37.00% |
Total equity | 37.49B | — |
Shares outstanding | 8.91B | — |
Price to book | 2.33 | — |
Return on assets | 5.75% | — |
Return on capital | 7.24% | — |
Cash Flow
Net change in cash
(HKD) | Jun 2024info | Y/Y change |
---|---|---|
Net income | 981.24M | 41.03% |
Cash from operations | 627.41M | -42.68% |
Cash from investing | -1.50B | 34.86% |
Cash from financing | 505.96M | -16.78% |
Net change in cash | -396.73M | 42.24% |
Free cash flow | -154.28M | 86.28% |
About
Xinyi Solar Holdings Limited was formed in 2008 in Dongguan when Xinyi Glass split off its solar photovoltaic glass development, manufacturing, sale, and customer service. It is the largest solar cover glass producer in the world and has a 30% market share, according to JP Morgan Asia Pacific Equity Research. Xinyi Solar's chair is Lee Yin Yee. About 23% of the company is owned by Xinyi Glass.
It was listed on the Hong Kong Stock Exchange in December 2013. Its subsidiary Xinyi Energy, which operates solar farms, also had an IPO on the Hong Kong Stock Exchange in May 2019, with sponsor BNP Paribas SA and cornerstone investors Law Kar-po and Ma Jianrong.
In 2017, the company earned 9.527 billion HKD in revenue, an increase of 58.6% over the previous year, and a profit of 2.332 billion HKD, a 17.4% increase over the previous year.
In June 2021 Xinyi Solar was added to the Hang Seng Index. In February 2022, it was added to the Hang Seng China Enterprises Index. Xinyi Solar was also chosen by Goldman Sachs as one of 50 stocks likely to benefit from the common prosperity drive. Wikipedia
Founded
2008
Website
Employees
12,638