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<Alert>XINYI SOLAR (00968.HK) Expects Interim NP to Hike 35-45% YoY
Recommend 28 Positive 39 Negative 21 |
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XINYI SOLAR (00968.HK) announced a positive profit alert, forecasting that the consolidated net profit for the six months ending 30 June 2024 is expected to soar by 35% to 45%, compared to the net profit of $1.392 billion for the six months ended 30 June 2023. XINYI SOLAR attributed the rise to the relatively low level of profitability of the group for 1H23 for comparison purposes, increases in the sales volume of the group’s major solar glass products for 1H24 in YoY terms, the improvement in the gross profit margin during the 1H24 as a result of decreases in the costs of certain raw materials and energy, as well as the group’s continuous enhancement in production capacity and efficiency, which was partially offset by the decreasing average selling prices of certain solar glass products of the group. AAStocks Financial News |
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