Xinyi Solar Holdings Limited provided group earnings guidance for the year ending December 31, 2014. For the year, the company and prospective investors of the company that the amount of the consolidated net profit attributable to the equity holders of the company the net profit expected to increase by approximately 50.0% to 70.0%, as compared with the Net Profit of HKD 303.8 million for the year ended 31 December 2013. The Directors consider that the significant increase in the amount of the Net Profit from the year ended 31 December 2014 is principally contributed by the following factors: the continuous refinements in the product mix of the Group with higher percentage of revenue generated from the sales of ultra-clear photovoltaic processed glass.

The sales of ultra-clear photovoltaic processed glass enjoy a higher gross profit margin, as compared with the gross profit margin of the ultra-clear photovoltaic raw glass; cost efficiency improvement as a result of the expansion in the solar glass production capacity of the Group; a reduction in the selling and administrative expenses of the Group; and revenue contribution from the sales of electricity generated from the solar farms of the Group since the fourth quarter in 2014.