Flat Glass Group Management
Management criteria checks 4/4
Flat Glass Group's CEO is Hongliang Ruan, appointed in Dec 2005, has a tenure of 19.92 years. total yearly compensation is CN¥1.33M, comprised of 93.8% salary and 6.2% bonuses, including company stock and options. directly owns 19.93% of the company’s shares, worth HK$8.32B. The average tenure of the management team and the board of directors is 27.4 years and 10.8 years respectively.
Key information
Hongliang Ruan
Chief executive officer
CN¥1.3m
Total compensation
| CEO salary percentage | 93.80% |
| CEO tenure | 19.9yrs |
| CEO ownership | 19.9% |
| Management average tenure | 27.4yrs |
| Board average tenure | 10.8yrs |
Recent management updates
Recent updates
Risks To Shareholder Returns Are Elevated At These Prices For Flat Glass Group Co., Ltd. (HKG:6865)
Nov 17
Investors Can Find Comfort In Flat Glass Group's (HKG:6865) Earnings Quality
Nov 03Flat Glass Group (HKG:6865) Might Be Having Difficulty Using Its Capital Effectively
Oct 05These 4 Measures Indicate That Flat Glass Group (HKG:6865) Is Using Debt Extensively
Jul 24Flat Glass Group Co., Ltd.'s (HKG:6865) 25% Price Boost Is Out Of Tune With Revenues
Jul 10Be Wary Of Flat Glass Group (HKG:6865) And Its Returns On Capital
Jun 25Is Flat Glass Group Co., Ltd. (HKG:6865) Potentially Undervalued?
May 29Flat Glass Group Co., Ltd. (HKG:6865) Stocks Pounded By 34% But Not Lagging Market On Growth Or Pricing
Apr 10Investors Can Find Comfort In Flat Glass Group's (HKG:6865) Earnings Quality
Apr 03Flat Glass Group (HKG:6865) Takes On Some Risk With Its Use Of Debt
Mar 04Is It Time To Consider Buying Flat Glass Group Co., Ltd. (HKG:6865)?
Feb 17Risks To Shareholder Returns Are Elevated At These Prices For Flat Glass Group Co., Ltd. (HKG:6865)
Dec 31Investors Could Be Concerned With Flat Glass Group's (HKG:6865) Returns On Capital
Dec 15Is Flat Glass Group (HKG:6865) Using Too Much Debt?
Nov 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | CN¥348m |
| Jun 30 2025 | n/a | n/a | -CN¥232m |
| Mar 31 2025 | n/a | n/a | CN¥352m |
| Dec 31 2024 | CN¥1m | CN¥1m | CN¥1b |
| Sep 30 2024 | n/a | n/a | CN¥2b |
| Jun 30 2024 | n/a | n/a | CN¥3b |
| Mar 31 2024 | n/a | n/a | CN¥3b |
| Dec 31 2023 | CN¥1m | CN¥1m | CN¥3b |
| Sep 30 2023 | n/a | n/a | CN¥3b |
| Jun 30 2023 | n/a | n/a | CN¥2b |
| Mar 31 2023 | n/a | n/a | CN¥2b |
| Dec 31 2022 | CN¥1m | CN¥1m | CN¥2b |
| Sep 30 2022 | n/a | n/a | CN¥2b |
| Jun 30 2022 | n/a | n/a | CN¥2b |
| Mar 31 2022 | n/a | n/a | CN¥2b |
| Dec 31 2021 | CN¥1m | CN¥976k | CN¥2b |
| Sep 30 2021 | n/a | n/a | CN¥3b |
| Jun 30 2021 | n/a | n/a | CN¥2b |
| Mar 31 2021 | n/a | n/a | CN¥2b |
| Dec 31 2020 | CN¥1m | CN¥974k | CN¥2b |
| Sep 30 2020 | n/a | n/a | CN¥1b |
| Jun 30 2020 | n/a | n/a | CN¥917m |
| Mar 31 2020 | n/a | n/a | CN¥823m |
| Dec 31 2019 | CN¥965k | CN¥816k | CN¥717m |
| Sep 30 2019 | n/a | n/a | CN¥625m |
| Jun 30 2019 | n/a | n/a | CN¥456m |
| Mar 31 2019 | n/a | n/a | CN¥418m |
| Dec 31 2018 | CN¥859k | CN¥713k | CN¥407m |
Compensation vs Market: Hongliang's total compensation ($USD186.60K) is below average for companies of similar size in the Hong Kong market ($USD906.76K).
Compensation vs Earnings: Hongliang's compensation has been consistent with company performance over the past year.
CEO
Hongliang Ruan (63 yo)
Mr. Hongliang Ruan founded Flat Glass Group Co., Ltd. and has been its Chairman of the Board, Chief Executive Director and Director since December 2005 and also its General Manager and De Facto Controller...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 19.9yrs | CN¥1.33m | 19.93% HK$ 8.3b | |
| Vice Chairman of the Board | 25.4yrs | CN¥920.66k | 13.32% HK$ 5.6b | |
| President | 10.6yrs | CN¥1.31m | 15.14% HK$ 6.3b | |
| Co-Founder | 27.4yrs | CN¥717.19k | 0.60% HK$ 251.6m | |
| Executive Director & Deputy GM of The Industry Park of The Headquarters | no data | CN¥741.37k | 0.40% HK$ 167.7m | |
| Co-Founder | 27.4yrs | CN¥280.00k | 2.01% HK$ 838.7m | |
| Co-Founder & Supervisor | 27.4yrs | CN¥280.00k | 1.34% HK$ 559.1m | |
| Co-Founder & Supervisor | 27.4yrs | CN¥242.00k | 1.34% HK$ 559.1m | |
| Founder | 27.4yrs | no data | no data | |
| Founder | 27.4yrs | no data | no data | |
| Founder | 27.4yrs | no data | no data | |
| Founder | 27.4yrs | no data | no data |
Experienced Management: 6865's management team is seasoned and experienced (27.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 19.9yrs | CN¥1.33m | 19.93% HK$ 8.3b | |
| Vice Chairman of the Board | 25.4yrs | CN¥920.66k | 13.32% HK$ 5.6b | |
| President | 2.3yrs | CN¥1.31m | 15.14% HK$ 6.3b | |
| Co-Founder | 16.3yrs | CN¥717.19k | 0.60% HK$ 251.6m | |
| Executive Director & Deputy GM of The Industry Park of The Headquarters | 10.8yrs | CN¥741.37k | 0.40% HK$ 167.7m | |
| Co-Founder | 10.8yrs | CN¥280.00k | 2.01% HK$ 838.7m | |
| Co-Founder & Supervisor | 10.8yrs | CN¥280.00k | 1.34% HK$ 559.1m | |
| Co-Founder & Supervisor | 10.8yrs | CN¥242.00k | 1.34% HK$ 559.1m | |
| Independent Non-Executive Director | 4.5yrs | CN¥192.73k | no data | |
| Supervisor | 6.2yrs | no data | no data | |
| Independent Non-Executive Director | 4.5yrs | CN¥100.00k | no data | |
| Independent Non-Executive Director | 1yr | CN¥8.33k | no data |
Experienced Board: 6865's board of directors are seasoned and experienced ( 10.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/19 02:02 |
| End of Day Share Price | 2025/11/19 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Flat Glass Group Co., Ltd. is covered by 29 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Edward Leung | BofA Global Research |
| Yan Ma | China International Capital Corporation Limited |
| Jie Lin | Citic Securities Co., Ltd. |