Xinyi Glass Holdings Limited

Company Profile

■URL

https://www.xinyiglass.com/en/index.aspx

■Address

21/F, Rykadan Capital Tower, 135 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong, China

Business Overview

-Xinyi Glass Holdings Limited (Xinyi Glass) is an integrated glass manufacturer, headquartered in Hong Kong, China. It is one of the four listed companies of the Xinyi Group, the other three being Xinyi Solar (solar panels), Xinyi Power Storage and Xinyi Energy (management of solar power stations). Xinyi Glass’s scope of business is the manufacture and sale of a wide range of glass products, including automotive glass, architectural glass and float glass, as well as the manufacture of automotive rubber and plastic components.

-The company has 10 production bases in China and an overseas production base in Melaka, Malaysia. Glass products are manufactured in production plants located in China and Malaysia.

-The company has developed applications for advanced driver assistance systems (ADAS), head-up displays (HUD), sound insulation, low-e coatings, sunroofs, and new glass products for new and existing models. Automotive glass products are sold in more than 130 countries and regions.

Financial overview

(HKD millions)

	FY ended Dec. 31, 2023	FY ended Dec. 31, 2022	Rate of change (%)
Gross income	26,798.52	25,746.00	4.09%
Gross profit	8,611.76	8,686.38	-0.86%
Earnings before taxes	6,344.35	5,999.97	5.74%
Net income	5,378.71	5,144.20	4.56%

Shareholders

-Listed on Hong Kong Exchanges

(as of Dec. 31, 2023)

Shareholders	Shareholding(%)
Lee Yin Yee	18.40
Others	81.60
Total	100

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Products

Automobile glasses
-Automobile front windshield laminated glasses
-Auto laminated wire glasses
-Auto laminated glasses implanted with heating element
-Automobile tempered glasses
-Solar-X heat-reflective auto glasses

Float glasses
-European gray glasses
-F-green glasses
-Clear glasses

Architectural glass

Automobile plastic and rubber products

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History

Jun. 1988	Shenzhen Xinyi Automotive Glass Co.,Ltd. was established.
Jun. 1989	The first production line for automotive glasses went into operation.
Jan. 1997	Xinyi Glass (North America) Co.,Ltd. was established in Ontario, Canada, to expand the automotive glass products business in the American market.
Dec. 2001	Xinyi Plastic and Rubber Products (Shenzhen) Co.,Ltd. was established in Shenzhen, creating a one-stop service model of Automotive glass.
Jun. 2003	Constructed a new plant in Humen Town, Dongguan that covers an area of approximately 680,000 square meters.
Nov. 2003	Wuhu Automotive Industry Base, which covers an area of approximately 100,000 square meters, was established to mainly produce automotive glasses, and plastic and rubber products for vehicles.
Mar. 2004	Xinyi Glass (Tianjin) Co.,Ltd., which covers an area of approximately 90,000 square meters, was established to produce automotive and architectural glass products for the market of North China.
Feb. 2005	Listed on Hong Kong Exchanges and Clearing.
Apr. 2005	Xinyi Glass (Germany) Co.,Ltd. was established in Frankfurt, Germany, to expand the market of Europe automotive and architectural glass products.
Jul. 2006	Xinyi Glass (Japan) CO.,Ltd. was established in Tokyo, Japan, to expand the automotive glass products business in the Japanese market.
Apr. 2007	The Tianjin Plant, which covers an area of approximately 90,000 square meters, was established to mainly produce automotive and architectural glass products.
Jan. 2009	The world's first R&D Center of energy-saving and environmental glasses was established in Hong Kong.
Nov. 2015	A float glass plant, which covers an area of approximately 360,000 square meters, was established in Malacca, Malaysia.
Jun. 2018	The second production line of Xinyi Group Malay Industrial Park was ignited.
Jun. 2018	Xinyi group invested in building the Jiangsu industrial base in the city of Zhangjiagang, Jiangsu Province.
May. 2019	Xinyi Energy split from Xinyi Solar and went public on the main board of the Hong Kong Stock Exchange.
Mar. 2020	A signing ceremony for additional investment in Jiangsu industrial base of Xinyi group was held at the Shazhou Lake Hotel in the city of Zhangjiagang, Jiangsu Province. A high-end energy-saving glass deep processing project was to be built through the additional investment.
Jun. 2021	Xinyi Glass Jiangmen Heshan Industrial Park held a groundbreaking ceremony.
Dec. 2021	The Company invested CNY 23 billion to promote a polysilicon, photovoltaic module cover, and high-quality float glass production project in Qilin.
Dec. 2021	The Company and Xinyi Solar Holdings Limited established a joint venture, Xinyi Silicon Holdings Limited.