Rankings Improve Significantly
Xinyi Solar Attains Milestone as Market Value Reaches RMB100 Billion
(Hong Kong, 7 January 2021) – Xinyi Glass Holdings Limited (“Xinyi Glass” or the “Group”) (stock code: 00868), a leading integrated automobile glass, energy-saving architectural glass and high-quality float glass manufacturer, and Xinyi Solar Holdings Limited (“Xinyi Solar” or the “Group”) (stock code: 00968), the world’s largest solar glass manufacturer, are pleased to announce that they have both been selected and listed again in the 2020 “Top 500 Listed Companies by Market Value in China” (「中國上市企業市值500強」榜單) compiled by Wind Information Co., Ltd. Both companies enjoy the extra distinction of a substantial surge in their ranking, reflecting strong market recognition of the business capabilities of the companies under the Xinyi Group.
This year, the entry barrier to the 2020 “Top 500 Listed Companies by Market Value in China” by Wind has risen to a new high of RMB38 billion, representing growth of over RMB10 billion compared to the end-2019 level. Xinyi Solar was ranked 122nd with its market value of RMB150.1 billion as it made a very substantial leap from 335th spot last year. Xinyi Glass was ranked 265th with its market value of RMB 73.6 billion, a 97-spot surge in its ranking.
Dr. LEE Yin Yee, B.B.S., Chairman of Xinyi Glass and Xinyi Solar, said, “We are very honoured that two companies of the Xinyi Family have been included again to the ‘Top 500 Listed Companies by Market Value in China’ and this represents recognition of our solid foundation and business performance. Despite weakness of the global economy in 2020 due to the adverse impact of the COVID-19 pandemic and various uncertainties, Xinyi Glass and Xinyi Solar, which are both industry leaders, squarely dealt with the tough challenges without fear and focused on striving for business growth. Their efforts have been amply recognised by the investment community. With the easing of the pandemic’s impact, the Group remains optimistic on business outlook and it is poised to tap opportunities emerging from the reviving industry, with the aim of delivering solid results as a gesture of thanking the long-standing support of different parties to the Group.”