智通财经网·2025-08-04 02:57Company Performance - Xinyi Glass reported a revenue of 9.821 billion RMB, a year-on-year decrease of 9.7%, primarily due to the continuous decline in the average selling price of float glass [1] - The net profit for the period was 1.013 billion RMB, representing a significant year-on-year decline of 59.6%, with earnings per share at 0.2325 RMB [1] - The gross profit margin decreased from 34.2% to 31.6%, mainly attributed to the drop in average selling prices of float glass, although this was somewhat mitigated by lower average costs of raw materials and energy [1] Dividend and Market Reaction - The interim dividend declared was 0.125 HKD per share, down from 0.31 HKD per share in the same period last year [1] - Following the earnings announcement, Xinyi Glass's stock price fell by 3.08%, trading at 7.88 HKD with a transaction volume of 61.541 million HKD [1] Industry Outlook - CICC noted that Xinyi Glass's performance was in line with its previous forecasts but slightly below expectations due to the overall weak demand in the float and construction glass sectors [1] - Huatai Securities indicated that the supply side of photovoltaic glass is beginning to reduce production, suggesting that the supply-demand dynamics may improve under the "anti-involution" context, with Xinyi Glass being a leading player in photovoltaic glass with significant scale and cost advantages, maintaining a "buy" rating [1]