Annonce • Jul 14
Flat Glass Group Co., Ltd. Provides Preliminary Unaudited Consolidated Group Earnings Guidance for the Six Months Ended 30 June 2026 Flat Glass Group Co., Ltd. provided preliminary unaudited consolidated group earnings guidance for the six months ended 30 June 2026. For the period, the group expects the loss attributable to owners of the parent will range from RMB 300 million to RMB 400 million, as compared to a net profit attributable to owners of the parent of RMB 261.09 million for the six months ended 30 June 2025. The expected loss is primarily due to a combination of the following factors: During the Reporting Period, due to the overall volatility in the photovoltaic industry, the Company's photovoltaic glass business segment has been under operational pressure. Based on preliminary estimates, the Company expects to record a net loss attributable to Shareholders of the parent company for the period. This was mainly driven by a combination of temporary industry-wide supply-demand imbalances and sustained declines in selling prices, which are considered to be periodical impacts arising from industry adjustments. The Company expects to recognise impairment provisions in respect of glass furnaces undergoing cold repair and certain photovoltaic glass inventories. During the Reporting Period, affected by structural adjustments and temporary overcapacity in the photovoltaic industry, the Company expects to record a net loss. Nevertheless, the Company maintains strong comprehensive competitive advantages in the photovoltaic glass sector. From a financial perspective, the Company has long adhered to prudent operating strategies, with a healthy balance sheet and ample cash reserves. Annonce • Jun 30
Flat Glass Group Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Flat Glass Group Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$5.90, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Semiconductor industry in Hong Kong. Total loss to shareholders of 76% over the past three years. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Jian Du was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 17
Flat Glass Group Co., Ltd., Annual General Meeting, May 12, 2026 Flat Glass Group Co., Ltd., Annual General Meeting, May 12, 2026, at 14:00 China Standard Time. Location: large conference room, the 1st floor, flat glass group co., ltd., 1999 yunhe road, xiuzhou district, zhejiang province, jiaxing China Annonce • Mar 30
Flat Glass Group Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Flat Glass Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Annonce • Dec 26
Flat Glass Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Flat Glass Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Annonce • Dec 09
Flat Glass Group Co., Ltd. Announces Supervisory Committee Changes, Effective December 9, 2025 Reference is made to the circular of Flat Glass Group Co., Ltd. (Company) dated 20 November 2025 in relation to, proposed amendments to the Articles of Association of the Company (Proposed Amendments to AoA) and cancellation of Supervisory Committee. The board of directors of the Company announced that, as the Proposed Amendments to AoA as set out in the Circular included the cancellation of the Supervisory Committee, following the approval of the resolution on Proposed Amendments to AoA and cancellation of the Supervisory Committee by the Shareholders at the 2025 first extraordinary general meeting (the "EGM") held on 9 December 2025, the Company no longer has a Supervisory Committee, and the powers and functions of the Supervisory Committee as stipulated under the Company Law of the People's Republic of China (the "PRC Company Law") will be exercised by the audit committee of the Board. Accordingly, Mr. Zheng Wenrong, Mr. Zhu Quanming, Mr. Shen Fuquan, Ms. Zhang Huizhen and Ms. Niu Liping shall no longer serve as supervisors of the Company upon the conclusion of the EGM. Mr. Zheng Wenrong, Mr. Zhu Quanming, Mr. Shen Fuquan, Ms. Zhang Huizhen and Ms. Niu Liping confirm that they have no disagreement with the Board and/or the Supervisory Committee, and there are no other matter in relation to their resignation that need to be brought to the attention of the Shareholders and the Stock Exchange of Hong Kong Limited. The Board announced that, on 9 December 2025, Employees' Representative Congress of the Company has elected to appoint Ms. Niu Liping ("Ms. Niu") as the employee director of the Company with effect from the date of the EGM, i.e. 9 December 2025. Ms. Niu, aged 40, joined the Group in October 2003. Ms. Niu held various positions of the Group when she joined the Group. Ms. Niu has been the chairman of the trade union of the Company since December 2009. She has been the head of treasury of the finance management department under the financial center of the Company since 2020. Ms. Niu acted as a staff representative supervisor of the Company from 23 September 2019 to 9 December 2025. Ms. Niu graduated from Northwestern Polytechnical University, majoring in accounting. Annonce • Sep 30
Flat Glass Group Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Flat Glass Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Annonce • Jun 30
Flat Glass Group Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Flat Glass Group Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Annonce • May 22
Flat Glass Group Co., Ltd., Annual General Meeting, Jun 16, 2025 Flat Glass Group Co., Ltd., Annual General Meeting, Jun 16, 2025, at 14:00 China Standard Time. Location: large conference room, 1st floor, flat glass group co., ltd., 1999 yunhe road, xiuzhou district, jiaxing, zhejiang province, prc, China Annonce • Mar 28
Flat Glass Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Flat Glass Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Annonce • Jan 23
Flat Glass Group Co., Ltd. Provides Group Earnings Guidance for the Year Ended 31 December 2024 Flat Glass Group Co., Ltd. provided group earnings guidance for the year ended 31 December 2024. The company expected that (i) the net profit attributable to Shareholders for the year ended 31 December 2024 will range from RMB938 million to RMB 1,076 million, representing a decrease in the range of RMB 1,684 million to RMB 1,822 million (or a year-on-year decrease in the range of 61.00% to 66.00%) as compared to the same period in 2023; and (ii) the net profit attributable to Shareholders excluding non-recurring items will range from RMB 916 million to RMB 1,051 million, representing a decrease in the range of RMB 1,643 million to RMB 1,778 million (or a year-on-year decrease in the range of 61.00% to 66.00%) as compared to the same period in 2023. Annonce • Dec 27
Flat Glass Group Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Flat Glass Group Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Annonce • Nov 20
Flat Glass Group Co., Ltd. Approves Interim Dividend for the Six Months Ended 30 June 2024, Payable on 20 December 2024 Flat Glass Group Co., Ltd. announced that at the EGM held on 18 November 2024, approved the payment of an interim dividend of RMB 0.13 per ordinary Share (before tax) for the six months ended 30 June 2024. The board announced that the 2024 Interim Dividend will be distributed on 20 December 2024 to the H Shareholders. The record date for entitlement of H Shareholders to the 2024 Interim Dividend is 29 November 2024. In order to qualify for receiving the 2024 Interim Dividend, all transfer documents must be lodged with the Company's H share registrar in Hong Kong, Tricor Investor Services Limited, at 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong (for holders of H Shares), for registration before 21 November 2024. Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.085 loss per share (vs CN¥0.38 profit in 3Q 2023) Third quarter 2024 results: CN¥0.085 loss per share (down from CN¥0.38 profit in 3Q 2023). Revenue: CN¥3.91b (down 37% from 3Q 2023). Net loss: CN¥203.0m (down 123% from profit in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to HK$13.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Semiconductor industry in Hong Kong. Total loss to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to HK$12.78, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Semiconductor industry in Hong Kong. Total loss to shareholders of 62% over the past three years. Annonce • Sep 30
Flat Glass Group Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Flat Glass Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 New Risk • Sep 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.8% average weekly change). Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$8.78, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Semiconductor industry in Hong Kong. Total loss to shareholders of 73% over the past three years. Annonce • Aug 29
Flat Glass Group Co., Ltd. Announces an Interim Dividend for the Six Months Ended 30 June 2024 Flat Glass Group Co., Ltd. announced an interim dividend of RMB 0.13 per share for the six months ended 30 June 2024. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.27 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.32 (up from CN¥0.27 in 2Q 2023). Revenue: CN¥4.97b (up 15% from 2Q 2023). Net income: CN¥738.7m (up 29% from 2Q 2023). Profit margin: 15% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$11.88, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Semiconductor industry in Hong Kong. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$7.67 per share. Annonce • Jun 28
Flat Glass Group Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Flat Glass Group Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Annonce • May 25
Flat Glass Group Co., Ltd., Annual General Meeting, Jun 17, 2024 Flat Glass Group Co., Ltd., Annual General Meeting, Jun 17, 2024, at 13:30 China Standard Time. Location: large conference room, 1st floor, flat glass group co., ltd., 1999 yunhe road, xiuzhou district, zhejiang province, jiaxing China Annonce • Mar 29
Flat Glass Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Flat Glass Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Annonce • Feb 23
Flat Glass Group Co., Ltd. (SEHK:6865) announces an Equity Buyback for CNY 600 million worth of its shares. Flat Glass Group Co., Ltd. (SEHK:6865) announces a share repurchase program. Under the program, the company will repurchase up to CNY 600 million worth of its Class A shares. The shares will be repurchased at no more than CNY 30 per share. The purpose of the program is to use the repurchased shares for share incentive or employee stock ownership scheme. If the company fails to use the repurchased shares within 3 years after the completion of the program, the repurchased shares will be cancelled. The company will use its own funds. The plan will be valid for 6 months. Annonce • Dec 29
Flat Glass Group Co., Ltd. to Report Fiscal Year 2023 Results on Mar 27, 2024 Flat Glass Group Co., Ltd. announced that they will report fiscal year 2023 results on Mar 27, 2024