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XINYI ENERGY Forecasts Interim Net Profit to Fall Up to 35% YoY
2026-07-17 17:32:07
XINYI ENERGY (03868.HK) issued a profit warning, expecting net profit for the six months ended June 2026 to decrease by 25-35% YoY.

The group said the decline in net profit was mainly due to a decrease in on-grid electricity generation due to curtailment losses arising from consumption capacity constraints in certain PRC provinces, especially on the subsidized projects; following the implementation of the new electricity pricing policy in the PRC, the market-based electricity trading volume increased, and the market price of the electricity has been decreased; and following the Group’s disposal of its 51% equity interest in Xinyi Solar Tianjin in December 2025, Xinyi Solar Tianjin is no longer a wholly-owned subsidiary, but an associate of the Company.
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