After its profit warning, Xinyi Energy (03868) fell more than 5%. As of the time of publication, it fell 3% to HKD 0.97, with a turnover of HKD 4.5312 million.
According to the Zhītōng Cáijīng APP, after its profit warning, Xinyi Energy (03868) fell more than 5%. As of the time of publication, it fell 3% to HKD 0.97, with a turnover of HKD 4.5312 million.
On the news front, Xinyi Energy warned of its profits, expecting a 25% to 35% decrease in net profit for the six months ending in June compared to the same period last year. This is due to a decrease in revenue generated by the sale of electricity due to the limit of power grid consumption in several provinces, as well as an increase in depreciation expenses after completing the acquisition of a new solar power generation project. At the same time, the exchange rate between RMB and HKD also has an adverse effect on the amount of net profit.