TC

22/10/2019 11:24

Xinte Energy (01799) sees decrease in 9-month net

[ET Net News Agency, 22 October 2019] Xinte Energy Co., Ltd. (01799) said the group is
expected to record an unaudited profit attributable to owners of the company of between
RMB330 million and RMB290 million for the First Three Quarters of 2019, and the profit
attributable to owners of the company for the corresponding period in 2018 was
approximately RMB910.86 million hence there is a drop of approximately 64% to 68%.
The decrease in profit attributable to owners of the company was mainly due to the
significant fall of the sales price of polysilicon. The average sales price of polysilicon
in the First Three Quarters of 2019 was approximately RMB60,500/ton (tax exclusive),
representing a drop of approximately 40% as compared with approximately RMB100,900/ ton
(tax exclusive) for the corresponding period in 2018. (RC)

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