Xinyi Glass Holdings Limited

0868
Failed

Company Overview

Xinyi Glass Holdings Limited was founded in 1988 and listed on the main board of the Hong Kong Stock Exchange in February 2005. It is one of the major manufacturers in the global glass industry chain. Currently, Xinyi Glass shares are the Hang Seng Composite Index, the Hang Seng Composite Small and Medium Index, the Hang Seng Composite Industry Index — Consumer Goods Manufacturing, and the Hang Seng Mainland China 100 Index. The group currently has eight major production bases in Dongguan, Shenzhen, Jiangmen, Wuhu, Tianjin, Yingkou, Deyang and Malaysia (under construction), covering a total area of more than 5 million square meters, and currently employs nearly 16,000 people. Xinyi Glass is committed to providing customers with products, services and solutions that meet their needs, creating long-term value and potential growth for customers and partners. Xinyi Glass products and solutions cover the fields of high-quality float glass, automotive glass, electronic glass and engineering glass, and deliver its products to customers around the world with flexible supply chain capabilities, reasonable production costs, one-stop supply methods, and professional logistics channels. Xinyi Glass is a leading international manufacturer of high-quality float glass. Currently, it has a high-quality float glass production line with a total daily melting capacity of 15,110 tons. The environmentally friendly special glass products produced by the company are mainly used for deep processing of energy-saving glass to meet the needs of automotive glass and energy-saving engineering glass such as LOW-E and insulating, and also produces various special colored glass to meet the needs of different customers at home and abroad. Xinyi Glass is one of the largest automotive glass manufacturers in China, accounting for more than 20% of the global automotive glass replacement market. The products and solutions have been used in more than 100 countries and regions around the world. The company and products have successively passed ISO/TS 16949:2002, ISO 14001:2004, German VDA6.3 certification, US DOT standard, EC standard, and Chinese 3C standard certification. OHSAS18001 It has formed long-term strategic partnerships with national independent brands such as Chery, Yutong, and Foton, and has simultaneous R&D capabilities with OEMs. Xinyi Glass is one of the largest manufacturers of high-end LOW-E energy-saving glass in China, accounting for about 15% of China's LOW-E energy-saving glass market. Currently, Xinyi Glass has provided high-quality engineered glass products for the World Expo China Pavilion, the main venue of the World Games, Sanya Beauty Crown Seven Star Hotel, Guangzhou Pearl River New Town B2-10 Wealth Center, Digital Beijing Tower, Guangzhou Victory Tower, Shenzhen Times Square, Tokyo Tower, Singapore, etc. Xinyi Glass has leading domestic technical strength, and its technology research and development center was rated as a provincial enterprise technology center in 1997. The company has long been committed to the research and development of energy-saving and environmentally-friendly products. It has successively developed new energy-saving and environmentally friendly products such as tempered and heat-bendable LOW-E glass, SOLAR-X heat-reflecting automotive glass, and has developed new products such as HUD glass, waterproof glass, photocatalytic glass, and ultra-strong high penetrating high-speed train glass. Xinyi Glass has leading domestic technical strength. The company has long been committed to the research and development of high technical content, energy saving and environmental protection products. It is one of the few domestic manufacturers that have mastered ultra-thin electronic glass and ultra-white float glass technology, breaking the foreign monopoly position on this technology. The company has always been market-oriented, insists on investing in technological innovation and product development, meets the individual needs of customers, works with customers and partners to make unremitting efforts to build a harmonious and win-win business environment, while also actively creating value for the whole society.

Country
HK
Market Cap
$4.90B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
1.59% passed
5% Threshold
1.6%
Liabilities Compliance
21.39% passed
33% Threshold
21.4%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Xinyi Glass Holdings Limited
Ticker 0868
Main Business Building Materials
Type Common Stock
Industry Building Materials
Country HK
Market Cap $4.90 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Float glass $20,152.6 $0.0 -
Automobile glass $6,081.3 $0.0 -
Architectural glass $3,076.9 $0.0 -
Other income $663.4 $205.1 Insurance and financial products
Unrealised fair value gains on financial assets at FVTPL $0.7 $0.7 -
Gain on disposal of financial assets at FVTPL $49.8 $49.8 -
Other foreign exchange gains $226.5 $226.5 -
Gain on dilution of investments in an associate $22.0 $0.0 -
Others $1.0 $0.0 -
Total $30,274.2 $482.1 1.59% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bank loans and overdrafts $673,076,923.1 13.75%
long term bank loan $374,358,974.4 7.65%
Total Interest-Bearing Debt $1,047,435,897.4 21.39%
Market Capitalization $4,896,615,384.6 100.00%
Compliance Status Threshold: 33% passed