Xinyi Glass Holdings Limited
Company Profile
■URL
https://www.xinyiglass.com/en/index.aspx
■Address
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 |
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
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. |