XINYI SOLAR's stock plummeted 5.72% intraday on Tuesday, reflecting investor concerns over the company's recent performance and broader industry challenges.
The sharp decline follows the release of XINYI SOLAR's 2025 financial results, which revealed a 16% year-on-year drop in net profit to RMB 844 million, with only RMB 99 million earned in the second half of the year. The company also recorded significant full-year impairments on fixed assets totaling RMB 2.32 billion, related to its photovoltaic glass and polysilicon projects.
Broker Bocom International highlighted that photovoltaic glass prices have resumed a downward trend, pushing the entire industry back into a loss-making situation. The institution has lowered its profit forecasts for XINYI SOLAR for 2026 and 2027 by 14% and 20%, respectively, citing slower-than-expected capacity reduction in the sector, and adjusted its valuation benchmark downward.
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