Xinyi Energy Holdings Ltd

03868: XHKG (HKG)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Xinyi Energy Earnings: Lower Finance Costs to Drive Earnings Growth; Shares Undervalued

Xinyi Energy's 2024 net profit fell 12% year on year, although installed capacity grew 24%. We estimate that gross margin improved to 66.7% in the second half of 2024 from the first half's 64.2%. The firm has changed its reporting currency to Chinese yuan from Hong Kong dollars.

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