--- title: "Citi Upgrades XINYI SOLAR to Buy After Results; XINYI GLASS Soars 2%+ Post-results" type: "News" locale: "en" url: "https://longbridge.com/en/news/294638166.md" description: "Citi upgraded Xinyi Solar to Buy with a HKD2.9 target, citing expected profitability recovery in H2 2026, while maintaining Neutral on Xinyi Glass with a lowered target of HKD10.3 due to margin headwinds. Following results, Xinyi Glass rose 2.6% despite revenue decline, as net profit grew 16.9%. Xinyi Solar surged 10% on the upgrade, though its net profit plummeted 94.8%. UBS also adjusted its Xinyi Solar target down to HKD3.6. Xinyi Energy saw shares fall 1.7% amid declining profits." datetime: "2026-08-03T04:01:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294638166.md) - [en](https://longbridge.com/en/news/294638166.md) - [zh-HK](https://longbridge.com/zh-HK/news/294638166.md) generator: "portal-rs" --- # Citi Upgrades XINYI SOLAR to Buy After Results; XINYI GLASS Soars 2%+ Post-results Xinyi Series of Companies recently announced their results. Blue-chip XINYI GLASS (00868.HK) +0.240 (+2.575%) Short selling $41.33M; Ratio 56.414% opened flat this morning before moving higher, and last traded at HKD9.565, up 2.63%, with turnover of HKD91.5987 million. Its 1H26 revenue sank 3.1% YoY. Net profit was RMB1.184 billion, up 16.9% YoY, while EPS was RMB0.2676. An interim DPS of HKD0.15 was declared, compared with HKD0.125 in the same period last year. Citi said XINYI GLASS's 1H26 results beat, but margins may face headwinds in 2H26. The broker maintained its Neutral rating and lowered the TP from HKD11.7 to HKD10.3. Fellow blue-chip XINYI SOLAR (00968.HK) +0.205 (+9.318%) Short selling $48.48M; Ratio 35.819% opened 1.8% higher before extending gains. It last stood at HKD2.42, up 10%, with turnover of 80.6277 million shares involving HKD192 million. Its 1H26 revenue was RMB8.43 billion, down 22.9% YoY. Net profit was RMB39.016 million, down 94.8% YoY, while EPS was RMB0.0043. An interim DPS of HKD0.0023 was declared, compared with HKD0.042 in the same period last year. EBITDA for the first half was RMB1.477 billion, down 39.6% YoY. Citi said XINYI SOLAR's profitability is expected to gradually recover in 2H26, benefiting from faster normalization of photovoltaic glass production capacity. The broker upgraded the stock from Neutral to Buy and raised the TP from HKD2.4 to HKD2.9. UBS said XINYI SOLAR's 1H26 results were weak but in line with expectations, lowering the TP from HKD4.1 to HKD3.6 while maintaining a Buy rating. In addition, XINYI ENERGY (03868.HK) -0.010 (-1.111%) Short selling $931.86K; Ratio 13.267% last stood at HKD0.885, down 1.67%, with turnover of 7.0856 million shares involving HKD6.2986 million. Its 1H26 revenue was RMB1.052 billion, down 13.1% YoY. Net profit was RMB320 million, down 28.9% YoY, while EPS was RMB0.0376. An interim DPS of HKD0.021 was declared, compared with HKD0.029 in the same period last year. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-31 16:25.) ### Related Stocks - [00968.HK](https://longbridge.com/en/quote/00968.HK.md) - [00868.HK](https://longbridge.com/en/quote/00868.HK.md) - [03868.HK](https://longbridge.com/en/quote/03868.HK.md) ## Related News & Research - [Xinyi Glass unit Xinyi Automobile Glass files for Hong Kong IPO spin-off](https://longbridge.com/en/news/297524247.md) - [Xinyi Glass Announces Proposed Spin-off and Separate Listing of Its Automobile Glass Business](https://longbridge.com/en/news/297543111.md) - [Xinyi Solar unit Xinyi Energy plans sale or injection of solar farms into PRC-listed REIT](https://longbridge.com/en/news/297026248.md) - [China Railway declares 2026 interim dividend of RMB 0.06 a share](https://longbridge.com/en/news/297332041.md) - [CN Logistics declares interim dividend of HKD 0.01 per share for H1 2026](https://longbridge.com/en/news/297515282.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**