Lates News

Zhongjin released a research report stating that considering the pressure faced by the float glass industry in the current year, but with the expectation of marginal improvement in the industry structure in the future, it has lowered its earnings per share (EPS) for Xinyi Glass in 2025 by 21% to 0.52 yuan and maintained the EPS for 2026 at 0.68 yuan. The current stock price corresponds to a P/E ratio of 14/11x for 2025/2026 earnings. Taking into account the potential impact of "anti-insider" on the float glass industry, the company maintains its outperform industry rating and a target price of 8.5 Hong Kong dollars, which corresponds to a P/E ratio of 15x/11x for 2025/2026 earnings, implying a 5% upside potential.