Xinyi Solar Holdings Limited
0968Company Overview
Xinyi Solar Holdings Co., Ltd. is one of the world's largest manufacturers of solar photovoltaic glass. Listed on the main board of the Hong Kong Stock Exchange on December 12, 2013, stock code: 00968.HK. The company specializes in R&D, manufacturing, sales and after-sales service of solar photovoltaic glass, as well as the investment, development and operation of solar photovoltaic power plants to provide the most cost-effective products for solar energy application systems. Xinyi Solar currently has two major solar photovoltaic glass production bases, which are located in Wuhu and Tianjin respectively. It has a solar photovoltaic glass production line with a total melting capacity of 3,800 tons per day. The main products cover ultra-white embossed glass (original film, tempered sheet), AR photovoltaic glass, back panel glass, ITO glass, double glass modules, etc. From crystalline silicon solar energy to thin-film solar cell technology, Xinyi Solar Energy provides complete product solutions from solar photovoltaic glass and thin-film conductive glass, providing favorable support for effectively improving solar conversion efficiency. Based on the broad development prospects of photovoltaic new energy sources, Xinyi Solar Energy obtains revenue value by investing in high-quality photovoltaic power plant assets, and drives the rapid development of the entire industry chain, including raw materials for photovoltaic glass, through terminal advantages, integrates and optimizes photovoltaic industry chain resources, takes improving the company's overall industrial competitiveness and energy efficiency, constructs a low-carbon and environmentally friendly economic development model, and is committed to building a sustainable photovoltaic industry.
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
This stock meets all Shariah compliance criteria according to AAOIFI standards.
| Name | Xinyi Solar Holdings Limited |
| Ticker | 0968 |
| Main Business | Solar |
| Type | Common Stock |
| Industry | Solar |
| Country | HK |
| Market Cap | $5.31 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Sales of solar glass | $17,655.1 | $0.0 | - |
| Solar farm business | $2,744.4 | $0.0 | - |
| Unallocated | $144.6 | $0.0 | - |
| Other income | $240.0 | $0.0 | - |
| Other gains | $43.3 | $0.0 | - |
| Interest income | $30.9 | $30.9 | - |
| Total | $20,858.3 | $30.9 | 0.15% (passed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| bank loans and overdrafts | $882,051,282.1 | 16.62% |
| long term bank loan | $464,102,564.1 | 8.74% |
| Total Interest-Bearing Debt | $1,346,153,846.2 | 25.36% |
| Market Capitalization | $5,308,307,692.3 | 100.00% |
| Compliance Status | Threshold: 33% | passed |