Xinyi Solar (0968.HK)_ What's New from 2024 Citi China Conference_ Loss on Solar Glass to Persist in Next 5 Months
China Securities·2024-11-10 16:41
05 Nov 2024 12:36:05 ET │ 11 pages Flash | Xinyi Solar (0968.HK) What's New from 2024 Citi China Conference: Loss on Solar Glass to Persist in Next 5 Months CITI'S TAKE We met with the CFO of Xinyi Solar ("XYS") at Citi China Conference today. Key takeaways include: (i) XYS is loss-making from solar glass sales at current prices and its profitability could further deteriorate with winter gas price hike; (ii) solar glass price is unlikely to increase in near term during off-season of solar demand; (iii) sola ...