[ET Net News Agency, 17 June 2021] Xinyi Glass Holdings Limited (00868) said the amount
of the unaudited consolidated net profit attributable to the equity holders of the company
for the six months ending 30 June 2021 is expected to increase by 260% to 290% to the
range between HK$4,976.6 million and HK$5,391.4 million, as compared to the net profit of
HK$1,382.4 million for the six months ended 30 June 2020.
The significant improvement was due to (a) the significant increase in the average
selling prices and the sales volume for the float glass business during the first half of
2021 as a result of the strong float glass demand in the PRC construction sector, as
compared to the same period for the six months ended 30 June 2020; and (b) the significant
increase in the amount of profit contribution from Xinyi Solar Holdings Limited (Xinyi
Solar) (00968), an associate company of the company, for the six months ending 30 June
2021. (RC)