HK-listed Xinyi Glass touches 6-week high on H1 earnings beat

Xinyi Glass Holdings

03/08/2026 06:04

** Shares of Xinyi Glass Holdings 0868.HK climb 4.8% to HK$9.765, their highest point since June 22
** Stock on course for the biggest one-day pct gain since July 14 in the second rising session
** Chinese glass manufacturer said its profit attributable for six months ended in June rose 16.8% y/y to 1.18 bln yuan ($174.73 mln) from 1.01 bln yuan a year ago, while revenue slipped 3.1% y/y to 9.52 bln yuan 
** Company says it intends to explore expansion of overseas production capacity to mitigate geopolitical risk from U.S. tariffs
** Citi keeps "Neutral" rating on the stock, saying revenue, gross profit margin, and net profit in 1H26 all beat consensus but margin headwinds seen to build in 2H26
** Citi lowers TP to HK$10.3 from HK$11.7 to reflect margin pressures from 2H26 
** YTD, stock up 15.4%, benchmark Hang Seng Index .HSI up 1%
     
     
     
     
     
($1 = 6.7531 Chinese yuan renminbi)

(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))