Xinyi Energy stock holds at HKD 0.79 as earnings fall

Published on 10/07/2026 at 00:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Xinyi Energy stock reported RMB 1.05 billion in first-half revenue for the period ended June 30, 2026, down 13.1 percent year over year. Profit fell 28.9 percent.

Xinyi Energy, VGG9833A1049, Illustration mit AI erstellt.

Xinyi Energy stock (ISIN VGG9833A1049) was last at HKD 0.79 on the Hong Kong Stock Exchange on October 6, 2026, with a daily change of 0.64 percent. The company's first-half results showed revenue and profit pressure, while its renewable energy portfolio remained substantial.

Revenue contracts in first half

According to Futunn, revenue for the six months ended June 30, 2026, was RMB 1.05 billion, down 13.1 percent from RMB 1.21 billion in the same period of 2025. Profit attributable to equity holders declined 28.9 percent to RMB 320.0 million from RMB 450.0 million, while basic earnings per share fell to RMB 0.0376 from RMB 0.0537.

The same interim report put gross profit at RMB 540.0 million, down 27.2 percent, and gross margin at 51.7 percent compared with 61.8 percent a year earlier. EBITDA decreased 16.8 percent to RMB 930.0 million, showing that the earnings effect extended beyond the top line.

Solar capacity remains substantial

Xinyi Energy says it operated and managed 49 renewable energy projects with approved capacity of 4,631 MW as of June 30, 2026. The company describes its portfolio as solar farms in economically developed regions of China, with electricity supplied to state-owned grid companies.

The interim report attributed the weaker result to grid absorption restrictions, lower market-based electricity prices, weather effects and the removal of income from a project sold in 2025. Additional electricity sales from projects that became fully operational in 2026 partly offset those pressures.

Buyback supports the valuation case

As MarketScreener reported on September 10, 2026, Xinyi Energy began a buyback program authorizing up to 851,971,235 shares, equal to 10 percent of issued share capital. The program was approved at the May 29, 2026 annual meeting.

MarketScreener's consensus lists an Outperform rating from seven analysts and an average target price of HKD 1.17. That target lies 48.10 percent above the HKD 0.79 reference price, giving the valuation discussion a clear numerical counterpoint to the weaker first-half earnings.

Stock stays below yearly high

Xinyi Energy was last at HKD 0.79 on October 6, 2026 at 4:08 p.m. HKT on the Hong Kong Stock Exchange. The price stood 45.14 percent below the 52-week high of HKD 1.44 and 2.60 percent above the 52-week low of HKD 0.77.