Xinyi Solar stock reports a 94.8 percent profit collapse

Published on 10/07/2026 at 05:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Xinyi Solar stock posted RMB 39 million in first-half profit, down 94.8 percent year over year. The average analyst target reached HKD 3.42 on October 3.

Xinyi Solar, KYG9829N1025, Illustration mit AI erstellt.

Xinyi Solar stock (ISIN KYG9829N1025) was trading at HKD 1.88 on HKEX on October 7, 2026 at 11:16 a.m. HKT, down 0.53 percent from HKD 1.89. The company reported a steep first-half earnings decline, with revenue and margins both under pressure in its solar glass business.

First-half profit falls 94.8 percent

For the six months ended June 30, 2026, Xinyi Solar recorded revenue of RMB 8.43 billion, a year-over-year decline of 22.9 percent, while profit attributable to equity holders fell 94.8 percent to RMB 39 million, according to Moomoo in its September 18, 2026 publication of the interim report.

Basic earnings per share were RMB 0.43 cents for the period, while the board declared an interim dividend of HKD 0.23 cents per share. The overall gross profit margin fell from 18.3 percent to 10.9 percent, making profitability the central issue for the stock.

Solar glass carries the pressure

Solar glass revenue fell 24.4 percent year over year to RMB 7.16 billion in the first half. Its gross margin dropped to 3.3 percent, while the renewable energy business generated RMB 1.21 billion in revenue and retained a 55.7 percent gross margin, according to Moomoo.

The operating mix explains why a recovery in glass prices matters more than the headline revenue decline. A September 28 Goldman Sachs research summary identified Xinyi Solar as a beneficiary of a potential glass-price inflection and assigned a CNY 3.0 target, while also describing weak photovoltaic demand and pressure elsewhere in the value chain, as reported by Futunn.

Analyst target reaches HKD 3.42

The average one-year analyst target rose from HKD 3.07 to HKD 3.42, an 11.24 percent increase, according to Fintel on October 3, 2026. Fintel placed the latest target range between HKD 1.92 and HKD 8.14 and said the average target was 82.20 percent above the October 2 closing price of HKD 1.88.

A separate consensus overview from MarketScreener listed 17 analysts, an Outperform consensus and an average target of HKD 3.158. The gap between current earnings pressure and the target-based recovery case leaves glass pricing and demand as the decisive variables.

HKD 1.88 price keeps yearly range wide

At HKD 1.88 on October 7, 2026, Xinyi Solar stood HKD 0.04 above its 52-week low of HKD 1.84 and HKD 2.22 below its 52-week high of HKD 4.10. The market capitalization was HKD 17.2 billion, with volume of 2,298,000 shares at the cited time.