Xinyi Energy Holdings Limited ( (HK:3868) ) has issued an announcement.
Xinyi Energy Holdings Limited reported its financial results for the year ended 31 December 2024, showing a 7% increase in revenue to RMB 2,440.4 million compared to the previous year. However, the profit attributable to equity holders decreased by 12% to RMB 790.9 million, and earnings per share fell by 15.9% to 9.55 RMB cents. The proposed final dividend per share increased slightly to 2.7 HK cents. Despite the revenue growth, the decline in profit and earnings per share indicates challenges in maintaining profitability, potentially impacting investor sentiment and market positioning.
More about Xinyi Energy Holdings Limited
Xinyi Energy Holdings Limited, incorporated in the British Virgin Islands, operates in the renewable energy sector with a focus on solar energy solutions. The company is involved in the development, management, and operation of solar farms, primarily targeting the Asian market.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €870.8M
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