<Research>Citi Adds XINYI ENERGY (03868.HK) TP to $1.3, Keeps Rating at Neutral
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 05 2025
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Source: aastocks
Financial Performance: XINYI ENERGY reported a 23.4% year-on-year increase in net profit for 1H25, reaching RMB450 million, driven by solar farm capacity growth and reduced finance and tax expenses despite challenges from grid restrictions and market-based discounts.
Debt and Forecast Adjustments: The company's effective debt cost decreased to 2.88%, prompting Citi Research to raise its net profit forecasts for 2025-2027 by 2-7% and increase the target price by 51% to $1.3, maintaining a Neutral rating.
Analyst Views on 03868
Wall Street analysts forecast 03868 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 03868 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 1.150
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Current: 1.150
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
