Brief: Xinyi Solar Posts HY Profit Attributable HK$1,904.6 Million

Xinyi Solar Holdings

01/08/2022 09:53

Aug 1 (Reuters) - Xinyi Solar  0968.HK :
    * HY PROFIT ATTRIBUTABLE HK$1,904.6 MILLION VERSUS
HK$3,072.4
MILLION
    * HY REVENUE HK$9,697.5 MILLION VERSUS HK$ 8,074.9 MILLION
    * WILL CONTINUOUSLY EXPAND ITS SOLAR GLASS PRODUCTION
CAPACITY
    * FIVE NEW PRODUCTION LINES ARE EXPECTED TO BEGIN OPERATION
IN H2
2022
    * WELL POSITIONED TO CAPTURE ACCELERATED GROWTH OF GLOBAL PV
INSTALLATIONS IN NEXT FEW YEARS
    * CAPACITY OF NEW SOLAR FARM PROJECTS TO BE ADDED BY GROUP
IN 2022
WILL BE  LIKELY LOWER THAN ORIGINAL TARGET OF 720MW
    * DECLARES INTERIM DIVIDEND OF 10.0 HK CENTS PER SHARE
    * REMAINING FIVE NEW PRODUCTION LINES ARE EXPECTED TO BEGIN
OPERATION IN SECOND HALF OF 2022
    * GROUP'S PLAN IS TO ADD EIGHT NEW SOLAR GLASS PRODUCTION
LINES
WITH A DAILY MELTING CAPACITY OF 1,000 TONNES EACH
    * AMONG THESE EIGHT NEW PRODUCTION LINES, THREE HAVE STARTED
OPERATION IN Q2 OF 2022
    * GROUP HAS IN ITS PIPELINE CONSTRUCTION OF TWELVE NEW SOLAR
GLASS
PRODUCTION LINES


Further company coverage:  0968.HK 

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