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Xinyi Solar Holdings Limited, an investment holding company, produces and sells solar glass products in the People's Republic of China, rest of Asia, North America, Europe, and internationally. It operates in two segments, Sales of Solar Glass and Solar Farm Business. The company offers ultra-clear patterned solar glasses, back glasses, and anti-reflective coating solar glasses to photovoltaic module manufacturers. It also develops, operates, and manages solar farms; and provides engineering, procurement, and construction services. In addition, the company engages in the provision of solar power systems; and trading of solar glass products. Xinyi Solar Holdings Limited was founded in 2006 and is headquartered in Wuhu, the People's Republic of China.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Xinyi Solar Holdings Limited is a Hong Kong–listed manufacturer of photovoltaic glass and related components supplying glass used in solar modules and projects worldwide. Long-term growth may be supported by expanding global solar installations, improvements in glass performance and the company's scale-driven cost position. Investors may find the company attractive for its exposure to secular solar demand and its vertically scaled manufacturing footprint.
Key risks include cyclical and potentially volatile solar demand that can depress prices, capacity expansion and execution risks, and sensitivity to trade measures and concentration in Chinese manufacturing that investors should monitor.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 5180.98M | 6568.32M | 5758.39M | 3092.65M | 2246.34M |
| Minority interest | -525.62M | -656.76M | 5502.71M | 4396.28M | 1625.11M |
| Net income | 3820.14M | 4924.35M | 4560.85M | 2416.46M | 1863.15M |
| Selling general administrative | 979.18M | 710.70M | 548.22M | 427.16M | 412.69M |
| Selling and marketing expenses | 91.31M | 527.39M | 316.61M | 281.53M | 271.17M |
| Gross profit | 6158.51M | 7548.47M | 6583.59M | 3911.55M | 2960.44M |
| Reconciled depreciation | 1553.95M | 1175.85M | 904.28M | 835.43M | 707.22M |
| Ebit | 5358.20M | 6774.26M | 5986.35M | 3414.70M | 2500.10M |
| Ebitda | 6912.15M | 7950.11M | 6890.63M | 4250.13M | 3207.32M |
| Depreciation and amortization | 1553.95M | 1175.85M | 904.28M | 835.43M | 707.22M |
| Operating income | 5317.69M | 6514.41M | 5853.20M | 3313.59M | 2443.48M |
| Other operating expenses | 15218.90M | 9478.66M | 6408.88M | 5833.08M | 5222.07M |
| Interest expense | 198.39M | 140.77M | 190.95M | 303.51M | 255.96M |
| Tax provision | 835.21M | 987.21M | 735.27M | 294.06M | 204.66M |
| Interest income | 30.87M | 156.65M | 60.53M | 49.09M | 9.57M |
| Net interest income | -167.53M | 15.88M | -130.42M | -254.42M | -246.39M |
| Income tax expense | 835.21M | 987.21M | 735.27M | 294.06M | 204.66M |
| Total revenue | 20544.04M | 16064.66M | 12315.83M | 9096.10M | 7671.63M |
| Total operating expenses | 833.37M | 962.48M | 676.64M | 648.53M | 510.88M |
| Cost of revenue | 14385.53M | 8516.18M | 5732.24M | 5184.55M | 4711.19M |
| Total other income expense net | -136.72M | 53.91M | -94.80M | -220.93M | -197.14M |
| Net income from continuing ops | 4345.77M | 5581.11M | 5023.13M | 2798.59M | 2041.68M |
| Net income applicable to common shares | 3820.14M | 4924.35M | 4560.85M | 2416.46M | 1863.15M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 50575.06M | 49070.35M | 43423.39M | 28397.02M | 23892.50M |
| Intangible assets | - | 24.08M | 834.05M | - | 319.88M |
| Other current assets | 460.13M | 509.86M | 659.39M | 396.09M | 206.30M |
| Total liab | 15343.68M | 13172.93M | 11398.87M | 9823.89M | 11833.58M |
| Total stockholder equity | 29748.41M | 30312.08M | 26521.81M | 14176.85M | 10433.81M |
| Other current liab | 3664.27M | 2728.10M | 3216.91M | 1826.18M | 183.91M |
| Common stock | 889.62M | 889.08M | 880.92M | 808.19M | 765.97M |
| Capital stock | 889.62M | 889.08M | 880.92M | 808.19M | 765.97M |
| Retained earnings | 17927.34M | 15436.43M | 12533.43M | 9150.72M | 7435.11M |
| Other liab | 228.81M | 312.80M | 324.06M | 68.87M | 99.73M |
| Good will | 13.04M | 13.19M | 12.55M | 10.47M | 4.49M |
| Other assets | 1484.30M | 1003.39M | 1271.91M | 555.18M | 527.14M |
| Cash | 5325.71M | 7458.27M | 9291.19M | 2221.05M | 783.87M |
| Total current liabilities | 10610.36M | 7716.01M | 7725.24M | 5290.05M | 6737.35M |
| Net debt | 3586.94M | 1390.22M | -2482.97M | 5088.59M | 7985.64M |
| Short term debt | 4408.14M | 3704.37M | 3458.66M | 2844.67M | 3773.01M |
| Short long term debt | 4358.09M | 3657.55M | 3410.14M | 2803.62M | 3773.01M |
| Short long term debt total | 8912.65M | 8848.49M | 6808.23M | 7309.64M | 8769.51M |
| Other stockholder equity | 10931.45M | 13986.58M | 13107.45M | 4217.94M | 2232.73M |
| Property plant equipment | 29604.80M | 26761.70M | 21813.88M | 17960.08M | 15804.38M |
| Total current assets | 19108.10M | 20824.58M | 19878.04M | 9467.19M | 6803.20M |
| Long term investments | - | - | - | - | 433.42M |
| Net tangible assets | 29726.94M | 30288.00M | 26497.03M | 14166.38M | 10109.45M |
| Short term investments | 858.69M | - | - | - | 197.41M |
| Net receivables | 7215.74M | 10378.91M | 8979.72M | 6300.15M | 5186.04M |
| Long term debt | 3674.17M | 4350.34M | 2703.11M | 3879.53M | 4996.50M |
| Inventory | 2029.24M | 2045.32M | 728.28M | 410.48M | 429.58M |
| Accounts payable | 2537.95M | 1283.55M | 1049.67M | 619.20M | 2780.43M |
| Non currrent assets other | 4405.35M | 703.65M | 646.31M | 594.04M | 621.23M |
| Non current assets total | 31466.96M | 28245.77M | 23545.35M | 18929.83M | 17089.30M |
| Capital lease obligations | 880.39M | 840.59M | 694.98M | 626.50M | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -6454.40M | 26.16M | 30.61M | 52.87M | 27.83M |
| Change to liabilities | 0.00M | -192.04M | 1136.91M | -790.94M | -310.63M |
| Total cashflows from investing activities | - | -4757.85M | -3194.81M | -2262.42M | -3035.15M |
| Net borrowings | - | 1772.83M | -635.44M | -2134.47M | 806.06M |
| Total cash from financing activities | -1074.85M | -805.82M | 5886.99M | 2126.79M | 174.02M |
| Change to operating activities | - | -199.21M | 57.70M | -15.57M | -162.42M |
| Net income | 5180.98M | 6568.32M | 5758.39M | 3092.65M | 2246.34M |
| Change in cash | -2132.55M | -1832.93M | 7070.14M | 1437.18M | -596.71M |
| Begin period cash flow | 7458.27M | 9291.19M | 2221.05M | 783.87M | 1380.59M |
| End period cash flow | 5325.71M | 7458.27M | 9291.19M | 2221.05M | 783.87M |
| Total cash from operating activities | 5892.06M | 3628.81M | 4284.50M | 1582.83M | 2310.36M |
| Issuance of capital stock | 18.89M | 14.20M | 6576.74M | 1344.39M | 8.80M |
| Depreciation | 1553.95M | 1175.85M | 904.28M | 835.43M | 707.22M |
| Other cashflows from investing activities | - | -181.76M | 21.98M | -168.61M | -15.13M |
| Dividends paid | -1779.07M | -2028.17M | -443.73M | -639.53M | 640.84M |
| Change to inventory | -41.58M | -1277.00M | -301.65M | 19.25M | -57.99M |
| Change to account receivables | - | -1137.88M | -2697.06M | -1216.84M | 173.07M |
| Sale purchase of stock | 3221.38M | - | 1957.31M | 1432.16M | - |
| Other cashflows from financing activities | 4423.16M | 4152.15M | 2850.48M | 5240.31M | 4961.64M |
| Change to netincome | - | 334.73M | 623.46M | 335.04M | 97.96M |
| Capital expenditures | 6646.17M | 4938.29M | 3288.00M | 2351.46M | 3058.58M |
| Change in working capital | -49.14M | -2806.12M | -1804.10M | -2004.10M | -357.97M |
| Stock based compensation | 33.87M | 14.44M | 7.06M | 5.06M | 4.46M |
| Other non cash items | -827.59M | -1323.68M | -581.13M | -346.21M | -289.69M |
| Free cash flow | -754.11M | -1309.48M | 996.50M | -768.62M | -748.23M |
Sector: Technology Industry: Solar
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| XNYIF Xinyi Solar Holdings Limited |
- -% |
0.23 | 10.10 | 13.72 | 0.22 | 1.37 | 0.24 | 1.12 |
| FSLR First Solar Inc |
- -% |
185.90 | 13.14 | 11.49 | 3.84 | 2.17 | 3.54 | 8.58 |
| NXT Nextpower Inc. |
4.89 5.37% |
96.02 | 21.39 | 18.42 | 3.38 | 4.90 | 3.30 | 15.84 |
| ENPH Enphase Energy Inc |
2.49 8.92% |
30.42 | 136.61 | 18.32 | 6.79 | 9.24 | 6.51 | 53.17 |
| XISHY Xinyi Solar Holdings Limited |
- -% |
4.64 | 11.55 | 14.93 | 0.22 | 1.24 | 0.24 | 1.12 |
Xinyi Solar Holdings Limited, an investment holding company, produces and sells solar glass products in the People's Republic of China, rest of Asia, North America, Europe, and internationally. It operates in two segments, Sales of Solar Glass and Solar Farm Business. The company offers ultra-clear patterned solar glasses, back glasses, and anti-reflective coating solar glasses to photovoltaic module manufacturers. It also develops, operates, and manages solar farms; and provides engineering, procurement, and construction services. In addition, the company engages in the provision of solar power systems; and trading of solar glass products. Xinyi Solar Holdings Limited was founded in 2006 and is headquartered in Wuhu, the People's Republic of China.
Xinyi PV Glass Industrial Zone, Wuhu, China, 241009
86 55 3589 9999
10438
| Name | Title | Year Born |
|---|---|---|
| Dr. Yin Yee Lee B.B.S., BBS, M.H. | Exec. Chairman | 1953 |
| Mr. Yau Ching Lee | CEO & Exec. Director | 1976 |
| Mr. Xi Chen | Exec. Director | 1958 |
| Mr. Man Yin Li | Exec. Director | 1955 |
| Mr. Charn Fai Chu | Financial Controller & Company Sec. | 1970 |
| Mr. Jie Wen | Gen. Mang. of Sales | 1962 |
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