1. China Stocks

  2. •

    Process industries

  3. •

    Industrial specialties
Flat Glass Group Co., Ltd. Class A

Flat Glass Group Co., Ltd. Class A

0.58
EUR
-0.02
(-3.36%)
3.41BMarket Cap
Oct 30Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.76
1.01
0.79
0.8
0.82
1.21
1.54
1.97
3.48
4.66
3.86
3.23
- -
Basic EPS, GAAP
0.11
0.15
0.16
0.12
0.11
0.18
0.4
0.48
0.48
0.6
0.21
0.2
- -
Free Cash Flow per Basic Share
0.1
0.15
0.17
-0.07
-0.25
-0.2
-0.06
-0.72
-1.78
-0.79
0.21
- -
- -
Dividend per Share
- -
0.09
0.07
0.03
0.02
0.06
0.06
0.09
0.17
0.2
0.32
0.07
- -
Book Value per Share
0.44
0.69
0.79
0.5
0.56
1.12
1.71
2.66
3.16
4.56
4.49
4.67
4.51
Tangible Book Value per Share
0.4
0.64
0.7
0.44
0.49
1.04
1.61
2.53
2.99
4.4
4.31
4.45
4.3
Basic Weighted Avg Shares
3,728
2,888
3,728
3,728
3,728
3,987
4,053
4,433
4,439
4,618
4,843
4,826
3,134
Sales/Revenue/Turnover
2,833
2,914
2,951
2,975
3,064
4,807
6,260
8,713
15,461
21,524
18,683
15,567
- -
Operating Margin (%)
20.75
19.33
26.86
17.37
14.92
19.68
34
27.41
15.75
16.93
9.82
11.21
- -
Depreciation Expense
215
237
239
235
14
309
22
23
30
34
48
92
- -
Net Income, GAAP
393
434
606
430
407
717
1,629
2,120
2,123
2,760
1,007
981
- -
Effective Tax Rate (%)
19.27
19.13
17.27
13.9
12.62
16.86
13.08
10.94
1.4
9.46
9.96
8.11
- -
Profit Margin (%)
13.86
14.89
20.54
14.44
13.29
14.92
26.02
24.33
13.73
12.82
5.39
6.3
- -
Working Capital
-257
679
847
982
810
-1
2,238
2,734
1,848
7,648
5,182
4,435
2,790
LT Debt
136
183
- -
688
989
293
1,623
1,979
7,490
10,949
11,773
11,275
9,995
Total Equity
1,658
2,573
2,958
3,250
3,669
4,513
7,235
11,810
14,032
22,291
21,784
22,612
21,764
Return on Invested Capital (%)
- -
14.4
19.29
11.7
8.04
10.94
18.14
15.39
9.67
8.6
2.71
2.64
- -
Return on Capital (%)
- -
15.95
18.52
11.52
8.74
12.16
19.39
16.09
11.21
10.27
4.03
3.85
- -
Return on Common Equity (%)
- -
20.51
21.92
13.84
11.77
17.53
27.73
22.26
16.43
15.23
4.58
4.44
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,306
- -
4,622
LT Borrowings
10,509
- -
9,239
LT Finance Leases
766
- -
756
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,824
442
4,799
Market Capitalization
40,844
- -
26,412

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
12,277
- -
11,910
Cash, Cash Equivalents & STI
4,811
- -
4,762
Accounts Receivable, Net
2,429
- -
2,969
Inventories
1,735
- -
1,780
Total Current Liabilities
7,841
- -
9,121
Payables & Accruals
- -
- -
- -
ST Debt
3,306
- -
4,622
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.35%
28.49%
3.8%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
20.28%
-1.17%
-2.59%
Sales/Revenue/Turnover
21.82%
25.19%
-16.68%
Total Cash Common Dividend
27.41%
32.7%
-78.63%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,726
4,970
- -
- -
18,683
2025
- -
- -
- -
- -
15,567
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.32
- -
- -
0.21
2025
- -
- -
- -
- -
0.2
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.04
- -
- -
0.32
2025
- -
- -
- -
- -
0.07
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hong Liang Ruan
Full Time Employees
7,366
Sector
Process industries
Industry
Industrial specialties
Address
1999 Yunhe Road Jiaxing ZH China 314001
IPO Date
Nov 26, 2015
Website
flatgroup.com.cn
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Business
Flat Glass Group Co., Ltd. (601865.SS) manufactures and sells glass products worldwide, with a primary focus on photovoltaic glass; it also produces float glass, architectural glass, and household glass, alongside mining quartzite ore, constructing and operating solar photovoltaic power plants, providing EPC services, and offering supply chain management and port operations. The company serves photovoltaic module manufacturers, glass processors, wholesalers, furniture makers, architectural contractors, and construction firms across China, Asia, Europe, North America, and other regions. Founded in 1998 and headquartered in Jiaxing, Zhejiang Province, People's Republic of China, it maintains production facilities in Jiaxing and Chuzhou, Anhui Province in China, as well as Haiphong, Vietnam; subsidiaries include Zhejiang Jiafu Glass Co., Ltd., Shanghai Flat Glass Co., Ltd., Zhejiang Flat Glass Co., Ltd., Anhui Flat Solar Glass Co., Ltd., and Anhui Flat Solar Material Co., Ltd. In recent developments, the company completed the unlocking and vesting of restricted shares under its 2020 Restricted A Share Incentive Scheme during the six months ended June 30, 2025, including the fourth tranche of reserved shares; it terminated its 2021 A Share Option Incentive Scheme in June 2025, cancelling 3,147,284 outstanding options amid challenging market conditions; and as of late 2025, it cold repaired three PV glass furnaces to address overcapacity, reducing in-production capacity to 16,400 tons per day while continuing capacity expansions and navigating intensified industry competition and trade barriers.