Xinyi Energy Holdings (3868) said it expects first-half net profit for the six months ended June 30 to fall 25% to 35% year on year, according to Ming Pao reported.
The company said the decline was due to power curtailment losses caused by grid absorption limits in some provinces, which reduced on-grid power generation, especially for subsidised projects. It also cited lower electricity market prices after the implementation of new mainland power pricing policies that increased the volume of market-based trading. In addition, after selling a 51% stake in Xinyi Solar (Tianjin) in December last year, the unit is no longer a wholly owned subsidiary and has become an associate company.
STOCKS | Xinyi Energy Issues Profit Warning On First-Half Net Profit Drop
2026-07-17 11:33:26
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
