China Glass Holdings Limited (3300) AI Stock Analysis

• Market Cap: HK$555.79M
• Dividend Yield: N/A
• Average Volume (3M): 1.42M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.93
• Revenue Growth: 6.51%
• EPS Growth: -112.30%
• Country: HK
• Employees: 4,532
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Construction Materials
• EPS (TTM): -0.56
• Shares Outstanding: 1,836,218,300
• 10 Day Avg. Volume: 3,219,000
• 30 Day Avg. Volume: 1,418,400
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 43.61
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 36 Underperform
• Price Target: HK$0.50 ▲(66.67%Upside)

The primary factors affecting the score are financial instability and unattractive valuation metrics. Despite strong revenue growth, significant financial risks arise from negative profitability and high leverage. Technical indicators also suggest caution, with the stock appearing overbought.

China Glass Holdings Limited Business Overview & Revenue Model

Company Description

China Glass Holdings Limited, through its subsidiaries, engages in the production, marketing, and distribution of glass and glass products in Mainland China, Hong Kong, the Middle East, Italy, and internationally. It operates through five segments: Clear Glass Products, Painted Glass Products, Coated Glass Products, Energy Saving and New Energy Glass Products, and Design and Installation Service. The company's products include on-line sun E-reflective glass, low-E reflective glass, solar control thermal reflective glass, high transmittance glass; on-line solar control thermal reflective glass and solar control reflective glass, off-line solar control reflective glass, and off-line low-E reflective glass; high transmittance float glass, high clear float glass, tinted float glass, and clear float glass. It also offers thermal insulation glass, sunshade glass, soundproof glass, high transmittance energy-saving glass, anti-UV glass, and passive house glass, as well as TCO glass, solar ultra-clear patterned glass, amorphous silicon thin film solar cell, and amorphous silicon solar cell module. In addition, the company provides design, parts, and installation services for pharmaceutical glass production lines. The company was incorporated in 2004 and is headquartered in Central, Hong Kong.

How the Company Makes Money

China Glass Holdings Limited generates revenue through the manufacturing and sale of glass products. The company's key revenue streams include the sale of architectural glass used in construction and infrastructure projects, automotive glass supplied to vehicle manufacturers, and solar energy glass which is increasingly in demand with the growth of renewable energy sectors. Additionally, the company may engage in strategic partnerships and collaborations to enhance its market presence and expand its product offerings, contributing to its earnings. Factors such as technological advancements, cost management, and market demand significantly impact the company's profitability.

China Glass Holdings Limited Financial Statement Overview

Summary

China Glass Holdings Limited shows strong revenue growth but faces challenges with declining profitability and high leverage. Negative EBIT, net income, and free cash flow highlight financial instability, and the high debt-to-equity ratio increases risk.

Income Statement

The company has experienced significant revenue growth from 2019 to 2024, with a CAGR of approximately 18%. However, recent performance shows declining profitability, with negative EBIT and net income in the latest year. Gross profit margins have also decreased significantly since 2021, indicating potential cost management issues.

Balance Sheet

The debt-to-equity ratio stands high, indicating significant leverage, with total debt exceeding equity dramatically. Stockholders' equity has significantly deteriorated, reducing financial stability. The equity ratio has declined, suggesting increased reliance on debt financing.

Cash Flow

Cash flow performance is concerning, with free cash flow turning negative in recent years. The operating cash flow to net income ratio is unavailable due to negative net income, signaling issues in converting earnings into cash flows. Free cash flow has not shown consistent growth and is currently negative.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
5.74B	5.31B	4.33B	5.07B	3.16B
	Gross Profit
310.94M	299.51M	638.19M	1.73B	738.72M
	EBIT
-528.03M	-163.11M	332.23M	1.31B	275.51M
	EBITDA
319.96M	246.21M	671.06M	1.62B	532.78M
	Net Income Common Stockholders
-876.58M	-409.76M	116.17M	736.36M	-84.71M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.30B	1.21B	1.35B	692.93M	806.14M
	Total Assets
14.22B	14.96B	13.29B	10.38B	7.20B
	Total Debt
9.99B	9.51B	8.01B	4.93B	3.49B
	Net Debt
8.69B	8.30B	6.66B	4.24B	2.68B
	Total Liabilities
13.34B	12.74B	9.99B	7.00B	5.03B
	Stockholders Equity
265.05M	1.52B	2.59B	2.65B	2.01B
Cash Flow		Free Cash Flow
530.87M	-186.63M	-1.13B	53.77M	182.09M
	Operating Cash Flow
792.68M	556.39M	441.93M	957.21M	629.38M
	Investing Cash Flow
-424.34M	-903.40M	-1.96B	-1.33B	-397.76M
	Financing Cash Flow
-330.13M	150.19M	2.04B	275.53M	-84.62M

China Glass Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3300, the sentiment is Positive. The current price of 0.3 is above the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.25, and below the 200-day MA of 0.40, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 65.50 is Neutral, neither overbought nor oversold. The STOCH value of 46.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3300.

China Glass Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.03B	-1.27	-21.09%	4.14%	2.90%	-30.49%
0691	47 Neutral	HK$2.07B	―	-0.77%	―	-21.41%	84.29%
3300	36 Underperform	HK$555.79M	―	-97.33%	―	6.51%	-112.30%
WCHNF		$932.48M	10.74	5.10%	2.77%	―	―
XYIGF		$4.35B	9.08	17.66%	0.33%	―	―
T18		€92.24M	―	-4.75%	―	―	―
0695	46 Neutral	HK$1.54B	―	-9.39%	―	-27.23%	-60.42%

China Glass Holdings Limited Corporate Events

China Glass Holdings’ Subsidiary Enters Land Resumption Agreement in Beijing

China Glass Holdings Limited announced that its subsidiary, Beijing Qinchang Glass Co., Ltd., has entered into a land resumption and compensation agreement with the Beijing Changping District Housing Expropriation Affairs Center. The agreement involves the resumption of land use rights for two plots in Beijing’s Changping District, with a compensation amount of approximately RMB298 million. This move aligns with Beijing’s development planning, as Qinchang Glass had already ceased operations on the land. The compensation will be paid in three stages, potentially impacting the company’s financial position and operational strategy.

China Glass Holdings Appoints New Company Secretary

China Glass Holdings Limited has announced the appointment of Ms. Jiao Yingchen as the new company secretary and authorised representative, effective June 9, 2025. With over 12 years of experience in company secretarial roles, Ms. Jiao’s appointment ensures compliance with the Hong Kong Stock Exchange’s listing rules, potentially strengthening the company’s governance and operational framework.

China Glass Holdings Announces 2025 Annual General Meeting

China Glass Holdings Limited has announced its upcoming Annual General Meeting scheduled for June 23, 2025, which will be conducted both in-person in Shanghai and virtually. Key agenda items include the adoption of financial statements for the year ending December 31, 2024, the re-election of several directors, and the re-appointment of KPMG as the company’s auditor. Additionally, the company seeks shareholder approval for a general mandate to issue additional shares, which could impact its capital structure and market positioning.

China Glass Holdings Announces Board and Committee Restructuring

China Glass Holdings Limited has announced significant changes in its board of directors and committee compositions, effective from April 22, 2025. Mr. Peng Shou has resigned from his roles, including Chairman of the Board, and will be succeeded by Mr. Tang Liwei. Additionally, Mr. Zhao John Huan and Mr. Zhang Jinshu have resigned as Non-Executive Directors, while Mr. Yang Xinyu and Mr. Xie Changqing have been appointed to these positions. These changes are part of the company’s ongoing efforts to restructure its leadership and strategic direction, potentially impacting its market positioning and stakeholder relationships.

China Glass Holdings Limited Announces Board Composition and Committee Roles

China Glass Holdings Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. The board has established four committees: Audit, Strategy, Nomination, and Remuneration, each with specific responsibilities and chaired by designated directors. This organizational structure aims to enhance corporate governance and operational efficiency, potentially impacting the company’s strategic direction and stakeholder engagement.

China Glass Holdings Reports Increased Revenue but Faces Significant Losses in 2024

China Glass Holdings Limited reported its audited consolidated annual results for the year ended 31 December 2024, showing a revenue increase to RMB 5,737,612,000 from RMB 5,307,924,000 in 2023. Despite the revenue growth, the company experienced a significant loss for the year amounting to RMB 963,976,000, attributed to higher costs and expenses, impacting its financial performance and shareholder returns.