XINYI SOLAR (00968.HK) expects net profit to double

XINYI SOLAR (00968.HK)  +0.040 (1.754%)    Short selling $5.84M; Ratio 8.548%     announced that the consolidated net profit attributable to the owners of the Company for the six months ending 30 June 2014 is expected to increase by approximately 100% as compared with the year-ago period of HK$80.2 million. The Company said in the 1H14, the global demand for solar modules and solar glass continue to increase which result in the increases in the average selling prices of the ultra-clear photovoltaic raw glass and ultra-clear photovoltaic processed glass produced by the Group, as compared with the price levels during the six months ended 30 June 2013.