Xinyi Solar Holdings ( (HK:0968) ) has shared an update.
Xinyi Solar Holdings Limited reported a significant decline in its financial performance for the year ended December 31, 2024. The company’s revenue decreased by 9.3% to RMB 21,921.4 million, and profit attributable to equity holders plummeted by 73.8% to RMB 1,008.2 million. This downturn is reflected in the earnings per share, which dropped from 43.17 RMB cents to 11.27 RMB cents. The financial results indicate challenges in maintaining profitability amid rising costs and impairment losses, impacting the company’s market positioning and stakeholder confidence.
More about Xinyi Solar Holdings
Xinyi Solar Holdings Limited, incorporated in the Cayman Islands, operates in the solar energy industry. The company, along with its subsidiaries, focuses on the production and sale of solar glass products, which are essential components in solar panel manufacturing.
YTD Price Performance: 13.95%
Average Trading Volume: 3,484
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.2B
See more data about 0968 stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com