HK Stock Market Move | XINYI ENERGY (03868) fell by more than 4% in the morning, planning to sell 51% of XINYI SOLAR (Tianjin) with a total amount of about 5.146 billion yuan.

XINYI ENERGY (03868) fell more than 4% in the morning session, falling 3.25% at the time of writing to HK$1.19, with a turnover of HK$13.46 million. In terms of news, XINYI ENERGY and XINYI SOLAR jointly announced that on November 20, 2025, XINYI ENERGY's wholly-owned subsidiary, Yaocheng International Limited, intends to sell 51% of the registered capital of XINYI SOLAR (Tianjin) to Tianjin Binhai Jian Investment New Energy at a price of approximately RMB 514.6 million. XINYI ENERGY Group is the owner and operator of CECEP Solar Energy power plants in China. It owns and operates large-scale ground-based centralized CECEP Solar Energy power plant projects. The land operated by the Tianjin Huanggang PV power station is leased from Tianjin Binhai New Area Construction Investment Group Limited (which indirectly controls Tianjin Binhai New Energy and the buyer). The sale of equity not only enables XINYI ENERGY Group to realize some of its existing investments for future investment opportunities, but also helps ensure the continued operation of the Tianjin Huanggang PV power station at the same location. XINYI ENERGY will continue to receive dividends from its remaining 49% stake in XINYI SOLAR (Tianjin) and related CECEP Solar Energy power plant management fees.