The net profit of Xinyi Glass in the first half of the year is expected to drop by 40%!

Recently, Xinyi Glass issued a profit warning for the first half of the year, and the company's net profit for the first half of the year is expected to decrease by 35% to 45%, that is, from HK $3.305 billion to HK $2.148 billion to HK $1.818 billion.

The main factor is that the demand for glass in the construction market is under pressure and the sales price is declining. As well as that overall average cost of energy and raw material.