The Zhitong Finance App learned that BOC International released a research report saying that maintaining Xinyi Energy's (03868) “neutral” rating, the target price was lowered from HK$1.53 to HK$1.16. The company's performance in the second half of last year was lower than expected, mainly due to factors such as weather and light abandonment, which led to the company's electricity sales falling short of expectations. The bank pointed out that Xinyi Energy abandoned light for the first time last year. The light abandonment rate reached 2.5%, and it is expected that the ratio will continue to rise to close to 5%. Furthermore, several provinces in mainland China introduced policies to increase the share of market-based transactions for new energy sources last year, and it is expected that electricity prices will fall in the future.