Flat Glass Group Co. Reports Significant Q1 Decline

Flat Glass Group Co Class H ( (FGSGF) ) has released its Q1 earnings. Here is a breakdown of the information Flat Glass Group Co Class H presented to its investors.

Flat Glass Group Co., Ltd., a prominent player in the glass manufacturing sector, specializes in producing photovoltaic glass and other glass products in the People’s Republic of China. The company recently released its first-quarter earnings report for 2025, revealing significant declines in key financial metrics compared to the same period last year.

The company’s revenue for the first quarter of 2025 stood at approximately RMB 4.08 billion, marking a substantial decrease of 28.76% from the previous year’s first quarter. Net profit attributable to equity owners plummeted by 86.03% to RMB 106.13 million, with the basic and diluted earnings per share both dropping to RMB 0.05 from RMB 0.32. The decline in revenue is primarily attributed to a significant drop in the selling price of photovoltaic glass.

Additionally, the company’s net cash inflow from operating activities decreased by 72.22%, largely due to reduced sales collections. Despite these challenges, the company’s total assets saw a slight increase of 0.40% from the end of 2024, reaching RMB 43.09 billion. The equity attributable to the company’s owners also experienced a marginal rise of 0.13%.

Looking ahead, Flat Glass Group’s management remains focused on navigating the challenging market conditions and is committed to leveraging its strengths in the glass manufacturing industry to drive future growth.