Jin Rong Jie·2025-08-04 04:00Group 1 - The core viewpoint of the article indicates that Xinyi Glass (00868) experienced a decline of over 3% following the release of its interim results, with a current price of HKD 7.88 and a trading volume of HKD 61.54 million [1] - Xinyi Glass reported a revenue of RMB 9.821 billion for the period, representing a year-on-year decrease of 9.7%, primarily due to the continuous decline in the average selling price of float glass products [1] - The company's net profit was RMB 1.013 billion, down 59.6% year-on-year, with earnings per share of 23.25 cents [1] Group 2 - The gross profit margin for the first half of the year decreased from 34.2% to 31.6%, mainly due to the ongoing decline in the average selling price of float glass products, although this was somewhat alleviated by a reduction in average costs of raw materials and energy [1] - The interim dividend declared was HKD 0.125, compared to HKD 0.31 in the same period last year [1] - According to China International Capital Corporation (CICC), the performance of Xinyi Glass was in line with its previous forecast but slightly below expectations due to the overall weak demand in the float and architectural glass industry [1] - Huatai Securities noted that the supply side of photovoltaic glass has begun to reduce production, and under the "anti-involution" backdrop, the supply-demand dynamics are expected to improve, with the company being a leading player in photovoltaic glass with significant scale and cost advantages, maintaining a "buy" rating [1]