Summary by Futu AI
Xinyi Photovoltaic Holdings Limited announced its final results for the year ended 31 December 2023 with revenues of HK$26,628.8 million, an increase of 29.6% over the previous year. The Company's equity holders recorded a profit of HK$4,187.1 million, an increase of 9.6% and earnings per share of 47.04 cents, an increase of 9.5%. A final dividend of HKD15.0 cents per share is proposed. Solar glass sales and the solar power field business were the main sources of revenue, with sales of solar glass increasing by 33.3% and revenue from solar farms growing by 8.2%. During the reporting period, the Group recorded a new and combined grid capacity of 1,094 MW of solar power plants. Looking ahead, the company will continue to expand its solar glass capacity and manage its finances prudently to control risk, while driving the synchronous development of its solar glass and solar power field businesses.