XINYI GLASS shares surged 17.82% during intraday trading on Monday, showing strong investor interest despite the company's recent financial results showing declining profits.
The stock movement comes after the company announced its 2025 annual results, which revealed a 19% year-on-year drop in profit attributable to equity holders. However, investors responded positively to the board's recommendation of a final dividend of 21.5 HK cents per share, representing a 115% increase from the 10 HK cents per share paid in the prior year.
Additionally, the company reported growth in automotive glass sales attributed to new purchase orders from Chinese automobile manufacturers and proactive marketing strategies targeting after-sales customers in both domestic and international markets, offsetting declines in other segments.