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Flat Glass Group
Flat Glass Group (6865) investor relations material
Flat Glass Group H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary26 Mar, 2026
Executive summary
Operating revenue for FY2025 was RMB15,566.8 million, down 16.68% year-over-year due to declining PV glass prices and industry supply-demand imbalance.
Net profit attributable to shareholders was RMB980.6 million, a 2.58% decrease from FY2024.
Gross profit margin improved to 16.91% from 15.50% in FY2024, supported by the PV glass segment.
The company maintained satisfactory liquidity and financial performance despite industry headwinds.
Financial highlights
Revenue: RMB15,566.8 million (FY2025), down from RMB18,682.6 million (FY2024).
Net profit: RMB992.6 million (FY2025), down from RMB1,016.1 million (FY2024).
EBITDA: RMB3,562.4 million, EBITDA margin 22.88% (up from 19.40% in FY2024).
Basic and diluted EPS: RMB0.42 (FY2025), compared to RMB0.43 (FY2024).
Total assets: RMB42,384.4 million; net assets: RMB22,611.5 million as of 31 December 2025.
Final dividend proposed: RMB0.15 per share (before tax), subject to approval.
Outlook and guidance
The global PV industry is expected to maintain high installation levels, with long-term demand for PV glass remaining robust.
The company aims to solidify its leading position through cost leadership, technological innovation, and global capacity expansion.
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Latest events from Flat Glass Group
- 2024 unaudited interim results announced for the six months ended 30 June.6865
H1 20243 Dec 2025 - Nine-month net profit dropped 34.18% year-over-year amid revenue decline and asset impairment.6865Q3 20243 Dec 2025
- Nine-month net profit fell over 50% year-over-year amid lower photovoltaic glass prices.6865Q3 202527 Oct 2025
- Sharp profit and revenue declines in H1 2025 amid PV glass overcapacity and price pressure.6865H1 202515 Sep 2025
- Revenue and profit fell significantly due to lower photovoltaic glass prices.6865Q1 202510 Sep 2025
- 2024 net profit dropped 63.5% on PV glass price declines; cost controls and R&D continue.6865H2 20246 Jun 2025
Next Flat Glass Group earnings date
H1 202626 Aug, 2026
Flat Glass Group
Next Flat Glass Group earnings date
H1 202626 Aug, 2026
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Amina0781App Store
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