00868 XINYI GLASS
- 8.700
- +0.280+3.33%
XINYI GLASS News
信義玻璃：二零二三年年報
Bureau of Statistics: Profits of industrial enterprises above the national scale increased by 4.3% from January to March 2024
According to data released by the National Bureau of Statistics, from January to March, industrial enterprises above the national scale achieved a total profit of 1505.53 billion yuan, an increase of 4.3% over the previous year; of these, private enterprises achieved a total profit of 367.97 billion yuan, an increase of 5.8%.
Xinyi Glass (00868.HK): Lee Wai-king will be nominated and appointed as an independent non-executive director
Gelonghui, April 26 | Xinyi Glass (00868.HK) announced that Yang Shaoxin (independent non-executive director, chairman of the Audit Committee, and respective members of the Nomination Committee and Remuneration Committee) will retire as a director of the company at the annual shareholders' meeting. Member Lee Wai-king (Golden Bauhinia Star, Justice of the Peace) will be nominated and appointed as an independent non-executive director at the Annual General Meeting of Shareholders. After being appointed, Lee Wai-king will also serve as Chairman of the Audit Committee and as a member of the Nomination Committee and Remuneration Committee respectively.
Hong Kong Stock Afternoon Review | Hang Seng Index rose slightly by 0.55%, Great Wall Motor rose nearly 10%, and Bilibili rose nearly 4%
Photovoltaic solar energy stocks rose one after another; Xinyi Solar Energy and GCL Technology rose nearly 3%; insurance stocks generally rose; China Taiping rose more than 4%, and China Ping An rose nearly 3%.
Xinyi Glass (00868.HK): Real estate completion, restoration and operation showed resilience
Incident: Xinyi Glass announced its 2023 results. The company achieved operating revenue of HK$27.5 billion in 2023, an increase of 5.7%, and realized net profit of HK$5.4 billion to the mother, an increase of 4.6%. Benefiting from domestic real estate
Changes in Hong Kong stocks | Xinyi Glass (00868) fell more than 4%, and the drop in float glass prices narrowed, off-season supply-side pressure may still be prominent
Xinyi Glass (00868) fell by more than 4%. At press time, it was down 4.13% to HK$7.9, with a turnover of HK$93.4487 million.
A quick overview of the Hong Kong market | Science Index fell more than 3%, Science Network stocks weakened, and Bilibili fell more than 5%
Auto stocks fell sharply, with NIO falling more than 10%, and Xiaopeng Motors falling more than 5%; gaming stocks continued to decline, with Aobo Holdings falling nearly 7% and Sands China falling nearly 6%.
The value added of industries above scale in China increased 4.5% year-on-year in March
In March, the value added of large-scale industries actually increased by 4.5% year-on-year.
Changes in Hong Kong stocks | PV glass stocks continue to decline, Follett Glass (06865) falls more than 4%, Xinyi Glass (00868) falls more than 3%
The Zhitong Finance App learned that photovoltaic glass stocks continued to decline. As of press release, Follett Glass (06865) fell 4.48% to HK$18.32; Xinyi Glass (00868) fell 3.29% to HK$8.23; Xinyi Solar (00968) fell 3.13% to HK$5.88; Kaisheng New Energy (01108) fell 2.38% to HK$5.32. According to the news, according to Solbi's consultation, some early ignition production lines have recently been put into production one after another, and the supply supply in the photovoltaic glass market has increased slightly. Looking at next week, glass manufacturers will mainly execute orders. Inventory deceleration is expected to slow down. Market is expected
Express News | Zhongtai Securities: Improved supply and demand for photovoltaic glass is expected to drive a sharp rise in product volume and price
Leading PV module “kick hall” energy storage exhibition: 300+Ah large batteries at the core of the package are standard | Industry News
As a key part of the new power system, the energy storage market has entered a period of rapid development. The Zhongguancun Energy Storage Industry Technology Alliance predicts in the recently released “White Paper on Energy Storage Industry Research 2024” that by 2030, the cumulative installed capacity of China's new energy storage market will exceed 200 GW, with a compound growth rate of over 30% from 2024 to 2030.
Changes in Hong Kong stocks | Follett Glass (06865.HK) fell by more than 4%, leading the decline. The photovoltaic glass stock industry will have a large production capacity, and it is difficult to continue to increase significantly in demand
Photovoltaic glass stocks generally declined in early trading. As of press release, Xinyi Energy (03868.HK) fell 4.35% to HK$1.1; Follett Glass (06865.HK) fell 4.01% to HK$19.16; Xinyi Solar (00968.HK) fell 2.71% to HK$2.71; and Xinyi Glass (00868.HK) fell 2.04% to HK$8.63.
Zacks Industry Outlook Highlights Xinyi Glass, Apogee Enterprises and View
China Defies Decarbonization Trend As Coal Imports Climb 16.9% In Q1 2024
Despite global efforts towards decarbonization, coal imports in China are on the rise, signaling persistent demand for the commodity.
Intraday quick overview | Auto stocks and photovoltaic glass stocks generally rose, with Great Wall up more than 6%, and Xinyi Solar Energy up more than 5%
Domestic housing stocks and property management stocks rose sharply; China's overseas development rose by about 2%; Country Garden Services rose about 1%; lithium battery stocks improved, Ganfeng Lithium rose about 6%; NetEase rose more than 2%, and its game was approved. Reports say that National Service Blizzard may return.
Express News | Downstream demand is improving, production capacity is expanding in an orderly manner, and the price of photovoltaic glass is expected to continue to rise in April
China Merchants Securities: Downstream demand is improving, and the price of photovoltaic glass is expected to rise
China Merchants Securities released a research report saying that after experiencing a major expansion in production during the previous boom period, the price of photovoltaic glass remained low for a long period of time, and second-tier glass companies were generally unprofitable last year.
Upstream falls and downstream rises? Prices in the PV industry chain are now improving, and demand for differentiated modules is still under pressure
Financial Services Association, March 15 (Reporter Liu Mengran) Prices in the photovoltaic industry chain have recently shown a trend of differentiation: silicon wafer prices have continued to weaken this week, but downstream component manufacturers are struggling to raise prices and are trying to raise them.
Express News | Last year, the total output value of the photovoltaic industry exceeded 1.75 trillion yuan, and the output of major manufacturing links increased by more than 64% year-on-year
CITIC Lyon: Maintaining Xinyi Glass (00868)'s “Outperform the Market” rating and raising the target price to HK$10.1
CITIC Lyon has always believed that Xinyi Glass (00868) is more flexible than market expectations.
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