Xinyi Glass now amongst Hang Seng’s blue-chip stocks

The group partially linked this to its strong performance amidst the crisis.

Manufacturing firm, Xinyi Glass Holdings Limited, is now amongst Hong Kong’s 60 blue-chip stocks, under the Hang Seng Index.

Xinyi Glass Chairman Lee Yin Yee, B.B.S. linked the company’s inclusion to its strong foundation and financial performance in the past year.

“Inclusion amongst 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,” he said in a statement.

“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.”

He noted Xinyi Glass delivered an “outstanding” interim result, driven by the high selling price of float glass and strong sales volume.

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 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, Far East Ex Japan Index, and MSCI AC Asia Ex Japan Index.

In addition, Xinyi Glass CEO Tan Sri Datuk Tung Ching Sai, P.S.M, D.M.S.M, said the group has set up 10 industrial complexes in economic zones across China and Malaysia.

“We will continue to launch more environmentally-friendly products to support the country in realising its ‘carbon neutral’ goal,” he said.

“We will also expand our share of the global market as we drive the Group’s sustainable long-term development.”