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Flat Glass Group (6865) investor relations material
Flat Glass Group Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Operating revenue for Q1 2026 was RMB 3.67 billion, down 9.95% year-over-year.
Net profit attributable to equity owners fell 64.06% year-over-year to RMB 38.15 million.
Basic and diluted EPS both declined to RMB 0.02 from RMB 0.05 in Q1 2025.
Financial highlights
Total assets increased slightly to RMB 42.56 billion as of March 31, 2026.
Equity attributable to owners rose marginally to RMB 22.52 billion.
Net cash flow from operating activities surged 79.92% year-over-year to RMB 300.42 million.
Operating profit dropped 57.28% year-over-year, mainly due to lower selling prices for photovoltaic glass.
Outlook and guidance
Administrative expenses rose 61.30% due to increased spending on production capacity optimization.
Management cited a significant decrease in photovoltaic glass prices as a key challenge.
- Revenue and profit fell on PV glass price declines, but gross margin and liquidity improved.6865
H2 202526 Mar 2026 - 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.6865
Q3 20243 Dec 2025 - Nine-month net profit fell over 50% year-over-year amid lower photovoltaic glass prices.6865
Q3 202527 Oct 2025 - Sharp profit and revenue declines in H1 2025 amid PV glass overcapacity and price pressure.6865
H1 202515 Sep 2025 - Revenue and profit fell significantly due to lower photovoltaic glass prices.6865
Q1 202510 Sep 2025 - 2024 net profit dropped 63.5% on PV glass price declines; cost controls and R&D continue.6865
H2 20246 Jun 2025
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