Summary by Moomoo AI
Xinyi Solar Holdings Limited announced its interim business performance for the six months ended June 30, 2024. The revenue increased by 4.5% compared to the same period of last year, reaching HKD 1,268.68 million. The attributable net profit of the equity holders of the company increased significantly by 41.0% to HKD 196.25 million, and the earnings per share increased by 40.9% to 22.03 HK cents. The company declared an interim dividend of 10.0 HK cents per share. The gross margin of the solar glass business increased, and the revenue from the solar power plant business also recorded growth. Capital expenditures were mainly used to expand solar glass production capacity and develop solar power plant projects. The company maintains a prudent business management policy and has no plans to commission new solar power plant projects in the second half of the year. The board of directors remains confident in the long-term development of the solar energy industry and the company's business growth.
