Xinyi Solar (00968.HK) announced profit growth, with a predicted 35-45% year-on-year increase in net profit for the first half of this year until June 30th, compared to approximately HKD 1.392 billion recorded in the same period last year. The growth is mainly due to the relatively low profit level last year, an increase in solar glass product sales volume in the first half of this year, and the decrease of certain raw materials and energy costs. The group has continuously improved production capacity and efficiency, leading to a slight increase in gross margin during the period. However, this increase has been offset by the average selling price decrease of several solar glass products.
《盈喜》信義光能(00968.HK)料中期純利按年增幅介乎35%至45%
Xinyi Solar (00968.HK) is expected to see a year-on-year increase in net profit of between 35% and 45% for the medium term in the《Yingxi》report.
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