Xinyi Energy Holdings Limited (3868.HK) stock price, financials & research

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Company profile

Xinyi Energy Holdings Limited operates as an investment holding enterprise primarily focused on the ownership, operation, and management of solar power facilities. These photovoltaic (PV) farms, situated across the People's Republic of China, collectively boast an installed generation capacity of 2,494 megawatts. The energy produced by these assets is subsequently supplied to state-owned grid companies. Established in 2015, the company maintains its principal base of operations in Wuhu, China, and functions as a subsidiary of Xinyi Solar Holdings Limited.

Industry: Renewable Utilities
Sector: Utilities
Headquarters: CN
CEO: Fong Ngai Tung
Listed since: May 28, 2019
Employees: 618

Market position

Day range

Current HK$0.805

HK$0.80HK$0.82

52-week range

Current HK$0.805

HK$0.80HK$1.44

Open: HK$0.82
Previous close: HK$0.82
Volume: 13.95M; 1.77× average
Average volume: 7.87M; Average daily volume
Market cap: 6.86B HKD
Beta: 1.08; Market reference 1
50-day average: HK$0.9019; -10.74% below average
200-day average: HK$1.1365; -29.17% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 17.42B HKD
P/E (TTM): 7.01×
P/B (TTM): 0.45×
P/S (TTM): 2.68×
EV / EBITDA: 7.19×
Earnings yield: 11.83%
Free cash flow yield: 7.70%
Dividend yield: 6.21%

Profitability & efficiency

Gross margin: 57.10%
Operating margin: 53.74%
Net margin: 38.24%
Return on equity: 7.43%
Return on assets: 4.39%
Return on invested capital: 5.00%

Financial health

Debt / equity: 0.58×
Current ratio: 1.95×
Altman Z-score: 1.62
Piotroski F-score: 5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

2.66B HKD+2.46%

Operating income

1.58B HKD-3.20%

Net income

1.1B HKD+30.26%

Metric (HKD)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	2.66B HKD	2.6B HKD	2.52B HKD	2.32B HKD	2.3B HKD
Cost of goods sold	1.02B HKD	894.58M HKD	808.2M HKD	682.68M HKD	618.31M HKD
Gross profit	1.64B HKD	1.7B HKD	1.71B HKD	1.63B HKD	1.68B HKD
Selling, general, and administrative	68.07M HKD	51.64M HKD	56.51M HKD	101.84M HKD	53.49M HKD
Operating expenses	68.35M HKD	74.21M HKD	56.03M HKD	101.84M HKD	53.49M HKD
Interest income	3.35M HKD	2.77M HKD	6.71M HKD	1.59M HKD	18.88M HKD
Interest expense	300.94M HKD	387.93M HKD	361.73M HKD	270.34M HKD	188.17M HKD
Depreciation and amortization	845.74M HKD	633.53M HKD	667.09M HKD	599.41M HKD	558.84M HKD
Operating income	1.58B HKD	1.63B HKD	1.65B HKD	1.54B HKD	1.62B HKD
Net income	1.1B HKD	841.52M HKD	992.99M HKD	971.45M HKD	1.23B HKD