Xinte Energy Co., Ltd.

1799

CNE1000023G9

Construction & Engineering

Market Closed - Hong Kong S.E. Other stock markets 04:08:42 2024-06-28 EDT			5-day change	1st Jan Change
8.1 ^HKD	+4.25%		-1.46%	-25.96%

06-15	Xinte Energy Co., Ltd. agreed to acquire an additional 23.74% stake in TBEA Xinjiang New Energy Co., Ltd. from ABC Financial Asset Investment Co., Ltd. and BOCOM Financial Asset Investment Co., Ltd for CNY 2 billion.	CI
03-27	Jefferies Adjusts Xinte Energy’s Price Target to HK$12.26 From HK$13.66, Keeps at Buy	MT

Xinte Energy Co., Ltd. agreed to acquire an additional 23.74% stake in TBEA Xinjiang New Energy Co., Ltd. from ABC Financial Asset Investment Co., Ltd. and BOCOM Financial Asset Investment Co., Ltd for CNY 2 billion.

June 14, 2024

Xinte Energy Co., Ltd. (SEHK:1799) agreed to acquire an additional 23.74% stake in TBEA Xinjiang New Energy Co., Ltd. from ABC Financial Asset Investment Co., Ltd. and BOCOM Financial Asset Investment Co., Ltd for CNY 2 billion on June 14, 2024. Upon completion, Xinte Energy Co., Ltd. will own 99.49% stake in TBEA Xinjiang New Energy Co., Ltd. The transaction will be financed through Xinte Energy own funds of CNY 2 billion.

Latest news about Xinte Energy Co., Ltd.

Xinte Energy Co., Ltd. agreed to acquire an additional 23.74% stake in TBEA Xinjiang New Energy Co., Ltd. from ABC Financial Asset Investment Co., Ltd. and BOCOM Financial Asset Investment Co., Ltd for CNY 2 billion.	06-14	CI
Jefferies Adjusts Xinte Energy’s Price Target to HK$12.26 From HK$13.66, Keeps at Buy	03-27	MT
Xinte Energy’s Profit Down 67% in 2023	03-26	MT
Xinte Energy Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	03-26	CI
Xinte Energy Expects Lower Profit for 2023; Shares Drop 6%	03-22	MT
Xinte Energy Co., Ltd. Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2023	03-21	CI
Xinte Energy Logs 5 Billion Yuan in Nine-Month Profit	23-10-30	MT
Xinte Energy Renews Agreements with TBEA, Affiliates	23-10-18	MT
Jefferies Adjusts Xinte Energy’s Price Target to HK$17.70 From HK$21.25, Keeps at Buy	23-08-16	MT
Xinte Energy's Profit Drops 15.3% in H1	23-08-16	MT
Xinte Energy Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-15	CI
Weifang Energy announced that it has received funding from Xinte Energy Co., Ltd. and other investors	23-07-02	CI
Xinte Energy Logs 3.5 Billion Yuan in Q1 Profit	23-04-25	MT
Xinte Energy Files for Secondary Listing in Shanghai	23-03-07	MT
Xinte Energy Co., Ltd. Omits to Pay Final Dividend for the Year Ended 31 December 2022	23-03-01	CI
Xinte Energy Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-01	CI
TBEA Unit to Invest 4 Billion Yuan in Household Solar Projects	23-02-20	MT
Xinte Energy Expects Substantial Increase in 2022 Net Profit; Shares Climb 4%	23-01-19	MT
Xinte Energy Co., Ltd. Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2022	23-01-19	CI
Xinte Energy sees $1.33 Billion Jan-Sept Profit	22-10-24	MT
Xinte Energy Enters $6.39 Billion Polysilicon Sale Agreement	22-09-30	MT
Shuangliang ECo Energy Systems Signs Two New Silicon Orders Worth $9.2 Billion	22-09-30	MT
Xinte Energy's H1 Profit Soars Fivefold	22-09-28	MT
JinkoSolar, Tongwei Sign $15 Billion Solar Panel Raw Material Supply Deal	22-09-12	MT
Xinte Bags Long-Term Solar Panel Raw Material Supply Deal With JinkoSolar	22-08-29	MT

Chart Xinte Energy Co., Ltd.

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Company Profile

Xinte Energy Co., Ltd. is an investment holding company principally engaged in the provision of solar energy and wind power solutions. The Company operates through seven segments. Polysilicon Production segment is engaged in the production and sales of polysilicon. Engineering and Construction Contracting (ECC) segment is engaged in the provision of ECC services for solar energy plants and wind power plants. Inverter Manufacturing segment is engaged in the manufacture of inverters. Sales of Electricity segment is engaged in the generation and sales of electricity. Photovoltaic (PV) Wafer and Module Manufacturing segment is engaged in the manufacture and sales of PV wafers and modules. Build-Own-Operate (BOO) segment is engaged in the building and operation of solar energy plants and wind power plants. Others segment is engaged in related trading businesses and the provision of design and logistics services.

Sector

Construction & Engineering

Calendar

2024-08-22 - Q2 2024 Earnings Release (Projected)

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Ratings for Xinte Energy Co., Ltd.

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

7.538 CNY

Average target price

11.05 CNY

Spread / Average Target

+46.58%

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