XINYI SOLAR (00968) announced its 2025 financial results, with revenue reaching approximately 20.861 billion yuan, a decrease of 4.8% year-on-year. Profit attributable to equity holders of the company was 844.5 million yuan, down 16.2% compared to the previous year. Basic earnings per share were 9.29 cents, and the board proposed a final dividend of 0.8 Hong Kong cents per share. According to the announcement, the decline in revenue was primarily due to a decrease in the average selling price of solar glass products, despite sales volume reaching a higher level than the previous year. The reduction in profit was mainly attributed to an increase in provisions for impairment of fixed assets.
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