Xinyi Glass K expects annual net profit to drop
Posted: Tue Feb 18, 2025 6:41 am
Glodon Report Selection Hong Kong Stocks | Xinyi Glass K expects annual net profit to decrease by to
Today’s Focus
Xinyi Glass K announced that the consolidated net profit attributable to equity holders of the company for the year ending December , is expected to decrease by to from the net profit of RMB . billion in the previous year.
The decrease in net profit was mainly due to the following reasons: for the six months ended December , , compared with the same period last year, the revenue and gross profit of the Group’s float glass business decreased compared with the same period last year, due to the sluggish real estate market in China, the number of new property projects, the demand for float glass products in China and the sharp drop in market prices; the loss on the sale of the Group’s permanently shut down production facilities in China; and the decrease in the share of profit of the Company’s associate, Xinyi Solar Holdings Limited, for the six months ended December , .
Important matters
Qingjian International K was awarded two Hong Kong construction engineering switzerland phone number list contracts with a total contract value of HK$. billion
Financial Report
Putian Food K expects total revenue of million yuan in , a yearonyear increase of about .
Xinyi Solar K expects annual net profit to decrease by yearonyear
Xinyi Glass K expects annual net profit to drop by to
BF Global K Profit Warning: Annual net profit is expected to decrease by about .
Today’s Focus
Xinyi Glass K announced that the consolidated net profit attributable to equity holders of the company for the year ending December , is expected to decrease by to from the net profit of RMB . billion in the previous year.
The decrease in net profit was mainly due to the following reasons: for the six months ended December , , compared with the same period last year, the revenue and gross profit of the Group’s float glass business decreased compared with the same period last year, due to the sluggish real estate market in China, the number of new property projects, the demand for float glass products in China and the sharp drop in market prices; the loss on the sale of the Group’s permanently shut down production facilities in China; and the decrease in the share of profit of the Company’s associate, Xinyi Solar Holdings Limited, for the six months ended December , .
Important matters
Qingjian International K was awarded two Hong Kong construction engineering switzerland phone number list contracts with a total contract value of HK$. billion
Financial Report
Putian Food K expects total revenue of million yuan in , a yearonyear increase of about .
Xinyi Solar K expects annual net profit to decrease by yearonyear
Xinyi Glass K expects annual net profit to drop by to
BF Global K Profit Warning: Annual net profit is expected to decrease by about .