09/06/2021 | Press release | Archived content
(Hong Kong, 6 September 2021) - Xinyi Glass Holdings Limited ("Xinyi Glass" or "Group") (Stock Code: 00868), a leading integrated automobile glass, energy-saving architectural glass and high-quality float glass manufacturer, announced that it has been included as a constituent of the Hang Seng Index (HSI) effective todayand thereby is regarded as one of Hong Kong's 60 blue chip stocks.
Dr. LEE Yin Yee, B.B.S., Chairman of Xinyi Glass,said, "In the first half of this year, driven by the persistent high average selling price of float glass, and the strong sales volume of float glass, automobile glass and architectural glass, the Group was able to fully capture the recovery momentum of the industry with our well deployed production capacity and high-quality products. Thus we delivered outstanding interim results, setting record highs in turnover, gross profit and net profit, thereby capitalising on our comprehensive production layout and quality products. Inclusion among the blue chip stocks reflects high recognition by the capital market of the Group's solid business foundation and financial performance as well as its long-term investment value. Looking ahead, we will continue to expand our business presence and maintain our high dividend payout policy in order to create long-term value for our shareholders."
Tan Sri Datuk TUNG Ching Sai, P.S.M, D.M.S.M, Chief Executive Officer of Xinyi Glass, said, "The inclusion of Xinyi Glass in the HSI as a blue chip stock marks yet another milestone in our expansion into global capital markets. During more than 30 years of operation the Group has set up 10 industrial complexes within a number of key economic zones in China and Malaysia and deploys high-end manufacturing technologies. Looking ahead, we will continue to launch more environmentally-friendly products to support the country in realising its 'carbon neutral' goal. We will also expand our share of the global market as we drive the Group's sustainable long-term development".
Xinyi Glass is currently included as a constituent of 36 Hang Seng Indexes, including the Hang Seng Composite Index, Hang Seng Stock Connect Hong Kong ("SCHK") Index and Hang Seng Large-Mid Cap Quality Comprehensive Index; as well as the MSCI Hong Kong Index, MSCI Golden Dragon Index, MSCI All Country ("AC") Far East Ex Japan Index, and MSCI AC Asia Ex Japan Index.