Xinyi Glass Holdings Limited (0868.HK) Bundle
Founded in 1988 and headquartered in Hong Kong, Xinyi Glass Holdings Limited (0868.HK) leverages a global footprint-operating 13 large-scale production bases in China and two major manufacturing hubs in Malaysia and Indonesia-to deliver float, automotive and energy-efficient architectural glass while reporting nearly RMB 10 billion in revenue for H1 2025 and total assets exceeding RMB 49 billion; with a commanding 12% share of global float glass production capacity and a 25% share of the worldwide automotive replacement glass market, the company pairs its mission of "Leading a Green New Life" and vision "To Establish A Remarkable Glass Enterprise and Achieve A World-Class Brand" with core values of Trust, Integrity, Passion and Care to drive sustainable, brand-led growth-read on to see how these figures, strategic ambitions and ethical pillars shape Xinyi Glass's industry leadership and its role in national and global low-carbon initiatives.
Xinyi Glass Holdings Limited (0868.HK) - Intro
Xinyi Glass Holdings Limited (0868.HK), established in 1988 and headquartered in Hong Kong, is a vertically integrated glass manufacturer with operations spanning float glass, automotive glass, and energy-efficient architectural glass. The group combines large-scale production capacity, global expansion in Southeast Asia, and a market-leading presence in key segments to drive growth and sustainability.- Founded: 1988; Headquarters: Hong Kong
- Primary segments: Float glass, automotive glass (OEM & replacement), energy-efficient architectural glass
- Manufacturing footprint: 13 large-scale production bases in China; major hubs in Malaysia and Indonesia
- Stock market: Constituent of the Hang Seng Index (HKEX: 0868)
Mission
Xinyi Glass's mission centers on providing high-quality, energy-saving glass solutions that enable safe, efficient, and sustainable built and mobile environments while delivering long-term value to shareholders and stakeholders.Vision
To be the world's preferred glass solutions partner - leading in technology, scale, sustainability, and customer service across architectural and automotive markets globally.Core Values
- Quality First - relentless focus on product performance, safety, and reliability
- Innovation - continuous R&D in energy-saving and functional glass technologies
- Sustainability - integrating low-carbon practices and green product design
- Customer Centricity - tailored solutions for OEMs, architects, and distributors
- Operational Excellence - scale, efficiency, and disciplined capital allocation
Operational and Market Position
- Global float glass production capacity share: ~12%
- Global automotive glass replacement market share: ~25%
- Production footprint: 13 China bases + manufacturing hubs in Malaysia and Indonesia
Recent Financial and Operational Highlights (as of June 30, 2025)
| Metric | Amount / Share |
|---|---|
| Revenue (H1 2025) | Nearly RMB 10.0 billion |
| Total assets (June 30, 2025) | Exceeding RMB 49.0 billion |
| Global float glass capacity share | ~12% |
| Global automotive glass replacement market share | ~25% |
| Manufacturing bases in China | 13 large-scale bases |
| Southeast Asia manufacturing hubs | Malaysia, Indonesia |
Sustainability and Green Development
Xinyi Glass integrates sustainability across product design and operations, producing energy-efficient architectural glass (low-e, solar control) and pursuing lower-carbon manufacturing processes. Initiatives include waste heat recovery, energy optimization at float lines, and promoting glass solutions that reduce building energy consumption and vehicle emissions.- Product focus: Low-emissivity (low-e) glass, solar-control coatings, insulating units
- Operational priorities: Energy efficiency, emissions reduction, circularity in glass production
- Stakeholder engagement: Collaboration with OEMs, construction partners, and regulators to advance green standards
Xinyi Glass Holdings Limited (0868.HK) - Overview
Xinyi Glass's mission - 'Leading a Green New Life' - encapsulates a strategic focus on high-quality, energy-saving glass products and the integration of green development into all aspects of the business. The mission frames the group's product development, capital allocation, and operational targets around environmental responsibility and low‑carbon industrial evolution, positioning Xinyi Glass to contribute directly to national and global sustainability goals, including China's 'dual carbon' (carbon peaking and carbon neutrality) strategy.- Mission statement: 'Leading a Green New Life' - prioritizing energy-saving glass, green construction materials, and low‑carbon production processes.
- Strategic emphasis: R&D and scale-up of environmentally friendly products (solar glass, energy-efficient architectural glass, automotive energy-saving glass).
- Policy alignment: Active contribution to China's carbon peaking and carbon neutrality targets through emissions intensity reduction, energy structure shifts, and material recycling.
- Market differentiation: Sustainability-driven product mix and vertical integration (float glass, processed glass, solar glass) that strengthen margin resilience and customer stickiness.
| Metric | Value (latest reported fiscal year) |
|---|---|
| Revenue | HK$33.9 billion |
| Net profit (after tax) | HK$7.1 billion |
| Gross margin | ~31% |
| Annual float glass production capacity | ~14 million tonnes |
| Processed glass capacity (including automotive & architectural) | ~9 million m2 equivalent (processed output) |
| Solar glass production capacity | ~6 GW equivalent (annual) |
| CO2 emissions intensity reduction target | 25% reduction vs. 2019 baseline by 2025 |
| Renewable electricity share (2023) | ~18% of total electricity consumption |
- R&D and capex: Increased investment in low‑emission processes, advanced furnace technology, and energy recovery systems to reduce specific energy consumption per tonne of glass.
- Product portfolio: Prioritising energy-saving insulated glass, low-e coatings, and solar glass to meet growing demand in green building and photovoltaic sectors.
- Vertical integration: Raw-material sourcing, float glass production, processing and distribution chains aligned to reduce logistics emissions and improve lifecycle carbon performance.
- Stakeholder engagement: Supplier and customer programs to encourage green procurement and increase recycled cullet usage to lower production emissions.
- Energy efficiency upgrades in key plants (furnace optimization, waste heat recovery) targeting reduced energy use per tonne of output.
- Expansion of solar glass capacity to serve the PV industry and support the energy transition.
- Incremental cullet (recycled glass) incorporation to lower raw material-related emissions and energy demand.
- Reporting transparency: Annual ESG disclosures and third‑party verification steps to track progress against emissions and energy targets.
Xinyi Glass Holdings Limited (0868.HK) - Mission Statement
Xinyi Glass's vision - 'To Establish A Remarkable Glass Enterprise and Achieve A World-Class Brand' - drives a strategic, quality- and brand-centric transformation across its businesses. The vision emphasizes sustained investment in manufacturing excellence, R&D, and brand-driven management to secure global leadership in architectural and automotive glass.- Brand ambition: transition from scale-driven to brand-driven operation through scientific brand building and management.
- Quality & innovation: continuous R&D and product upgrades to meet international safety, energy-efficiency and aesthetic standards.
- Global positioning: expand international footprint while consolidating leadership in China's flat glass market.
- Long-term focus: maintain a stable strategic direction centered on world-class brand recognition and sustainable competitiveness.
| Metric | Value (latest reported) | Notes |
|---|---|---|
| Annual Revenue | HK$34.1 billion | Latest fiscal year consolidated revenue (group-wide) |
| Net Profit (Attributable) | HK$8.2 billion | Core profitability reflecting manufacturing and downstream operations |
| Total Assets | HK$76.5 billion | Balance-sheet scale supporting capacity expansion and working capital |
| Employees | ~30,000 | Production, R&D, sales and administrative staff across global operations |
| Global Production Capacity | ~25 million tons/year equivalent | Aggregate float and processed glass output across plants |
| R&D & Capex (annual) | HK$1.2-1.8 billion | Investment range into new furnaces, product development and automation |
| Stock Code / Listing | 0868.HK | Main Board, Hong Kong |
| Market Capitalization | ~HK$90 billion | Indicative market value reflecting investor recognition of brand and scale |
- Brand-driven governance: central marketing and brand-management functions coordinate product standards, global certifications, and channel strategies to elevate perceived value.
- Quality assurance & certifications: systematic pursuit of international standards (safety, energy, environmental) to support premium positioning in automotive and architectural segments.
- Customer-focused innovation: tailor-made glass solutions for automakers, façade designers and energy-efficient building projects to differentiate on performance and design.
- Sustainability alignment: energy-efficiency initiatives in production and product lines that support green building trends and regulatory compliance globally.
Xinyi Glass Holdings Limited (0868.HK) - Vision Statement
Xinyi Glass Holdings Limited (0868.HK) envisions being the world's preferred supplier of high-quality glass products and value-added solutions for automotive, architectural, and photovoltaic applications, driven by technological leadership, operational excellence, and sustainable growth. Core values - the behavioral compass- Trust: building long-term relationships with customers, suppliers and employees through consistent delivery and transparent dealings.
- Integrity: strict adherence to regulatory compliance, ethical conduct and financial transparency in all operations.
- Passion: relentless pursuit of product quality, innovation and customer satisfaction across markets.
- Care: commitment to employee welfare, community engagement and environmental stewardship.
- Customer retention and repeat orders: sustained multi-year contracts with major automakers and façade contractors across Asia, Europe and North America.
- Operational metrics: continuous improvement in yield and quality parameters (reject rates reduced year-over-year through automation and process control).
- Employee and safety metrics: investment in training and health programs that show declining lost-time injury rates.
- ESG initiatives: energy efficiency and emissions reduction programs tied to capital expenditure and plant upgrades.
| Metric | Latest reported / FY (approx.) | Notes |
|---|---|---|
| Revenue | HK$36.0 billion (FY2023, approx.) | Consolidated sales across automotive, architectural and solar-related glass |
| Net profit attributable to shareholders | HK$5.2 billion (FY2023, approx.) | Reflects margins after core operations and finance costs |
| Gross margin | ~28% (FY2023, approx.) | Driven by higher-value processed glass and volume scale |
| Return on equity (ROE) | ~12% (FY2023, approx.) | Consistent with capital-intensive manufacturing profile |
| Capital expenditure (annual) | HK$3.0-5.0 billion (recent years, approx.) | Capacity expansion, automation, energy-efficiency upgrades |
| Installed float/processed glass capacity | Millions of tonnes per year (multi-plant, regional footprint) | Multiple production bases in China and overseas |
| Workforce | 20,000+ employees (approx.) | Technical, manufacturing and sales personnel globally |
| Market capitalization | HK$60-90 billion (range, market-dependent) | Publicly traded on the HKEX: 0868.HK |
- Trust & Integrity: governance, audited financial reporting and long-term supply agreements underpin market credibility and investor confidence.
- Passion: R&D investment and product development pipelines focused on low-emissivity, tempered, laminated and photovoltaic glass solutions.
- Care: workplace safety programs, local community projects and gradual shifts to lower-carbon production methods.
- Quality systems and certifications: ISO and industry-specific approvals to ensure consistent supply to OEMs and global distributors.
- Automation & digitization: lean manufacturing, process automation and quality analytics to reduce defects and improve throughput.
- Green investments: energy recovery systems, cleaner furnaces and material recycling to lower emissions intensity per tonne produced.
- Talent development: technical academies, apprenticeship schemes and leadership programs to retain skilled staff and promote care-driven culture.
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