Xinyi Energy files solar fund plan: Xinyi Energy stock sits 43.75 percent below high

Published on 10/01/2026 at 09:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 13.10 percent to RMB 1.05 billion in the first half of 2026. Xinyi Energy stock had a HKD 6.9 billion market value on September 30, 2026.

Xinyi Energy, HK3868018318, Illustration mit AI erstellt.

Xinyi Energy (HK3868018318) submitted a solar fund application that the Shenzhen Stock Exchange accepted on September 24, 2026, according to Moomoo. Xinyi Energy stock sat 43.75 percent below its HKD 1.44 52-week high on September 30, 2026, based on a HKD 0.81 market price and the HKD 0.77 to HKD 1.44 yearly range.

Solar fund plan reaches next stage

The proposed fund could hold photovoltaic projects currently owned by Xinyi Energy and pursue a listing in China. The application was submitted on September 21, 2026, and accepted three days later, according to Moomoo.

The proposed structure would allow Xinyi Energy to monetize project value while retaining recurring operating and management fee income. The proposed fund size is RMB 1.62 billion, and the transaction would be a potential spin-off rather than a completed disposal.

First-half earnings show pressure

For the six months ended June 30, 2026, revenue fell 13.10 percent to RMB 1.05 billion from RMB 1.21 billion a year earlier, while profit attributable to equity holders declined 28.90 percent to RMB 320.00 million from RMB 450.00 million, according to Moomoo. Basic earnings per share fell to RMB 3.76 cents from RMB 5.37 cents in the first half of 2025.

Gross margin narrowed to 51.70 percent from 61.80 percent in the same period, while approved generating capacity reached 4,630.50 megawatts on June 30, 2026. The company attributed the weaker result to grid absorption constraints, lower market-based electricity prices, weather effects and the exclusion of revenue from a disposed subsidiary.

Buyback adds a second support

Xinyi Energy also repurchased 2.684 million shares for HKD 2.1142 million on September 30, 2026, according to Moomoo. The broader authorization covers up to 851,971,235 shares, equal to 10.00 percent of issued share capital, according to MarketScreener.

Stock remains below yearly high

Xinyi Energy was last at HKD 0.81 on the Hong Kong Stock Exchange on September 30, 2026 at 4:08 p.m. HKT, up 2.55 percent from HKD 0.79. Its HKD 6.9 billion market value and the gap to the HKD 1.44 high put the fund plan alongside a weaker first-half earnings base.