According to the announcement, the increase in net profit is mainly due to the relatively low profit level of the group in the first half of 2023; the sales volume of the group's main solar glass products in the first half of 2024 has increased compared to the same period in 2023; and the gross margin in the first half of 2024 has increased due to the decrease in several raw material and energy costs, as well as the group's continuous improvement in production capacity and efficiency, which is offset by the average selling price decrease of several solar glass products of the group.

Xinyi Solar (00968) announced that the expected comprehensive net profit attributable to the equity holder of the company in the first half of 2024 will increase by 35% to 45% compared to the same period in 2023. According to the announcement, the increase in net profit is mainly due to the relatively low profit level of the group in the first half of 2023; the sales volume of the group's main cecep solar energy glass products in the first half of 2024 has increased compared to the same period in 2023; and the gross margin in the first half of 2024 has increased due to the decrease in several raw material and energy costs, as well as the group's continuous improvement in production capacity and efficiency, which is offset by the average selling price decrease of several cecep solar energy glass products of the group.