Analyst

Steve

Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/xinyi-glass-holdings-ltd" target="_blank" data-smartkarma-citation="entities:11940:1" rel="noopener">Xinyi Glass Holdings (868 HK)</a> reported FY23 results, with net profit up 5% yoy and sales up 4% yoy. </li>
<li>The company announced a final dividend of HKD0.37 per share, resulting in a full year dividend of HKD0.63 per share, which is a yield of 8%. </li>
<li>Overall the results look resilient, with auto glass segment a bit weaker than expected and float glass segment stronger than expected. </li>
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Xinyi Glass Holdings (868 HK) reported FY23 results, with net profit up 5% yoy and sales up 4% yoy. 
The company announced a final dividend of HKD0.37 per share, resulting in a full year dividend of HKD0.63 per share, which is a yield of 8%. 
Overall the results look resilient, with auto glass segment a bit weaker than expected and float glass segment stronger than expected. 


Xinyi Glass (868 HK):  Resilient FY23 Results; A Nice Dividend Play