Xinyi Solar lights second Indonesia furnace: 30 percent share anchors Xinyi Solar stock

Published on 10/25/2026 at 00:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Indonesia now has two Phase I furnaces. Xinyi Solar stock's glass operations reached 22,600 tonnes per day at June 30.

Indonesia expansion and operating scale

Xinyi Solar ignited its second Indonesian furnace on October 20, 2026.
Solar glass capacity reached 22,600 tonnes per day as of June 30, 2026.
The company held 30 percent of global solar glass market share at June 30, 2026.
Xinyi Solar repurchased 1 million shares for HKD 1.835 million on October 15, 2026.

Xinyi Solar, KYG9829N1025, Illustration mit AI erstellt.

Xinyi Solar (ISIN KYG9829N1025) had both Phase I furnaces operating in Indonesia after the second furnace was ignited on October 20, 2026, while its solar glass operations reached 22,600 tonnes per day and a 30 percent global market share as of June 30, 2026, according to Xinyi Solar.

The Indonesia expansion gives the company a concrete operating milestone as solar glass remains its core business. The official release said the second furnace increased Phase I capacity and supports production in Southeast Asia.

Target revision meets operating expansion

Fintel reported on October 3, 2026 that the average one-year target rose from HKD 3.07 to HKD 3.42. The revision represented an 11.24 percent increase, although the target reflected an aggregate of analyst estimates rather than one named house.

That valuation contrast matters because the latest interim figures showed pressure on earnings. Xinyi Solar reported RMB 39 million of first-half 2026 profit, down 94.80 percent year over year, while revenue fell 22.90 percent to RMB 8.43 billion, figures carried by ET Net.

What does the timeline show?

Chronology places the expansion alongside capital actions. On October 5, 2026, Xinyi Solar's issued shares stood at 9,133,043,615 after 14 million shares were canceled, according to FinancialFilings. On October 15, 2026, the company repurchased 1 million shares for HKD 1.835 million, as reported by Futu. On October 20, 2026, it ignited the second Indonesian furnace.

Next date on the calendar

The next dated restriction runs through November 15, 2026, when the post-repurchase moratorium is scheduled to end. The company also has 6,278 MW of approved connected solar power capacity as of June 30, 2026.

Last euro indication

The last available euro indication stood at EUR 0.22 on Tradegate on October 16, 2026 at 10:57 a.m. CEST. The Xinyi Solar quote on Hong Kong's home market and the euro indication reflect separate venues and are not combined.

The further course of trading is shown by the continuously updated real-time quote of Xinyi Solar stock.