Xinyi Energy (03868) fell by more than 4% to a record low of HK$0.92. As of press release, it fell 4.17% to HK$0.92, with a turnover of HK$15.6724 million.
The Zhitong Finance App learned that Xinyi Energy (03868) fell by more than 4%, reaching a record low of HK$0.92. As of press release, it fell 4.17% to HK$0.92, with a turnover of HK$15.6724 million.
According to the news, Xinyi Energy recently issued a profit warning. It is estimated that net profit for the six months ending June will be reduced by 25% to 35% compared to HK$0.568 billion in the same period last year. This is due to reduced revenue from online electricity sales in some provinces due to grid consumption restrictions; and increased depreciation costs after completing the acquisition of new solar farm projects. At the same time, the exchange rate of RMB against the Hong Kong dollar also had an adverse effect on the net profit amount.