Xingyi solar energy storage project bidding

How much of Xinyi will be sold in the solar business sale?

Under the terms of the sales agreement, Xinyi Electric Storage–whose investors own 59.72% of Xinyi Glass and 25.97% of the Xinyi Solar business controlled by Xinyi Glass–would sell up to RMB30 million.

How will Xinyi Solar improve its competitive edge?

Dr. LEE Yin Yee, B.B.S., Chairman of Xinyi Solar, said, “In light of global inflationary pressure, rising raw material and energy prices and uncertain market conditions, the Group will relentlessly focus on improving production efficiency, effective cost control and product innovation to further strengthen its competitive edge.

Is Xinyi Solar confident about the future development of the solar industry?

Dr. LEE Yin Yee, S.B.S., Chairman of Xinyi Solar, concluded, "The Group remains confident about the future development of the solar industry. Amidst the competitive market, the Group will continue to improve operational efficiency, strengthen cost control and implement product differentiation strategies to enhance competitive advantages.

Who owns Xinyi Solar?

Xinyi Solar's chair is Lee Yin Yee. About 23% of the company is owned by Xinyi Glass.

Could China's solar energy storage project earn windfall from sister companies?

Xinyi Electric Storage could earn a significant profit of nearly RMB205 million ($31.3 million) from two of its sister companies due to China's push for energy storage capacity to be installed as part of solar projects.

Is Xinyi Solar a good stock to buy?

Xinyi Solar was also chosen by Goldman Sachs as one of 50 stocks likely to benefit from the common prosperity drive.