Xinyi Solar (00968.HK): Interim Net Profit Plunged to No More Than RMB 50 Million

NewTimeSpace News: On 17 July 2026, Xinyi Solar (00968.HK) issued a profit warning, forecasting that its interim net profit will drop drastically to no more than RMB 50 million, or the Group may register a net loss capped at RMB 50 million.

The announcement stated that the decline in profitability is mainly attributable to the solar glass business suffering from supply-demand imbalance and falling product prices amid a sharp drop in downstream installed capacity. The revenue shrinkage caused by lower sales volume and selling prices cannot be offset by the decrease in raw material costs.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.