China Glass Holdings Limited (HK:3300)
:3300
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China Glass Holdings Limited
(3300)
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Rating:42Neutral
Price Target:
HK$0.38
▼(-30.18% Downside)
Action:Upgraded
Date:05/03/26
The score is primarily held down by weak financial performance (large recent losses, sharp 2025 revenue decline, and negative equity despite improved cash flow). Technicals add further pressure with price below key moving averages and negative MACD, while valuation is also constrained by loss-making results and no dividend support.
Positive Factors
Consistent cash generation
Consistent positive operating cash flow across 2020–2025 and a free cash flow rebound in 2024–2025 indicate the core manufacturing business can generate cash even while earnings are weak. This durable cash generation supports working capital, selective capex and gradual deleveraging over months, improving the company’s ability to weather cyclical weakness and fund necessary restructuring.
Negative Factors
Negative equity and high leverage
Equity turning negative in 2025 and previously very high leverage materially weaken the capital base, heightening refinancing and solvency risk. Negative equity constrains access to new financing, limits financial flexibility for capex or working-capital needs, and raises the likelihood that restructuring or external capital injections will be required over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent cash generation
Consistent positive operating cash flow across 2020–2025 and a free cash flow rebound in 2024–2025 indicate the core manufacturing business can generate cash even while earnings are weak. This durable cash generation supports working capital, selective capex and gradual deleveraging over months, improving the company’s ability to weather cyclical weakness and fund necessary restructuring.
Read all positive factors
China Glass Holdings Limited (3300) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$673.69M
Dividend YieldN/A
Average Volume (3M)2.60M
Price to Earnings (P/E)―
Beta (1Y)1.01
Revenue Growth-11.62%
EPS Growth-138.95%
CountryHK
Employees3,330
SectorBasic Materials
Sector Strength58
IndustryIndustrial - Specialties
Share Statistics
EPS (TTM)-2.83
Shares Outstanding1,836,218,300
10 Day Avg. Volume1,610,550
30 Day Avg. Volume2,602,650
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)-8.60
Price to Sales (P/S)27.00
P/FCF Ratio54.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
China Glass Holdings Limited Business Overview & Revenue Model
Company Description
China Glass Holdings Limited, together with its subsidiaries, engages in the production, marketing, and distribution of glass and glass products in Mainland China, Hong Kong, Nigeria, the Middle East, Italy, Kazakhstan, and internationally. It ope...
How the Company Makes Money
China Glass Holdings Limited primarily makes money by manufacturing and selling glass products. Its core revenue stream is generated from the sale of float glass (the base flat-glass product produced in large-scale float lines) to customers in bui...
China Glass Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
56
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.46B | 5.74B | 5.31B | 4.33B | 5.07B |
| Gross Profit | 513.72M | 310.94M | 299.51M | 638.19M | 1.73B |
| EBITDA | 472.54M | 319.96M | 246.21M | 671.06M | 1.62B |
| Net Income | -4.89B | -876.58M | -409.76M | 116.17M | 736.36M |
Balance Sheet | |||||
| Total Assets | 7.53B | 14.22B | 14.96B | 13.29B | 10.38B |
| Cash, Cash Equivalents and Short-Term Investments | 271.09M | 1.30B | 1.21B | 1.35B | 692.93M |
| Total Debt | 1.67B | 9.99B | 9.51B | 8.01B | 4.93B |
| Total Liabilities | 12.23B | 13.34B | 12.74B | 9.99B | 7.00B |
| Stockholders Equity | -4.58B | 265.05M | 1.52B | 2.59B | 2.65B |
Cash Flow | |||||
| Free Cash Flow | 715.88M | 605.56M | -186.63M | -1.13B | 53.77M |
| Operating Cash Flow | 884.80M | 792.68M | 556.39M | 441.93M | 957.21M |
| Investing Cash Flow | 74.05M | -424.34M | -903.40M | -1.96B | -1.33B |
| Financing Cash Flow | -1.39B | -330.13M | 150.19M | 2.04B | 275.53M |
China Glass Holdings Limited Technical Analysis
Neutral
0.55
Price Trends
0.44
Negative
0.48
Negative
0.47
Negative
Market Momentum
-0.02
Negative
47.04
Neutral
60.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3300, the sentiment is Neutral. The current price of 0.55 is above the 20-day moving average (MA) of 0.40, above the 50-day MA of 0.44, and above the 200-day MA of 0.47, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 47.04 is Neutral, neither overbought nor oversold. The STOCH value of 60.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:3300.
China Glass Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | HK$37.52B | 12.29 | 7.86% | 2.65% | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | HK$100.71B | 11.68 | 4.06% | 4.59% | -9.32% | 5.05% | |
51 Neutral | HK$7.12B | 36.43 | 0.40% | 1.52% | -8.52% | -48.51% | |
48 Neutral | HK$43.36B | -11.25 | -2.95% | 3.30% | -2.13% | -279.50% | |
45 Neutral | HK$1.26B | -1.11 | -5.53% | ― | -20.28% | -604.87% | |
42 Neutral | HK$673.69M | -0.12 | 211.43% | ― | -11.62% | -138.95% |
* Basic Materials Sector Average
HK:3300
China Glass Holdings Limited
0.40
0.08
25.00%
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-2.12
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57.60%
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0.29
-0.19
-39.58%
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China Resources Building Materials Technology Holdings
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-37.58%
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Xinyi Glass Holdings
8.48
1.21
16.58%
China Glass Holdings Limited Corporate Events
China Glass Updates Progress on Potential Convertible Bond Issue
Jun 25, 2026
China Glass Holdings Limited has provided an update on its previously announced plan for a potential issue of convertible bonds, noting that discussions with a potential subscriber are progressing in an orderly manner. Both parties are actively ne...
China Glass Wins Strong Shareholder Backing for All AGM Resolutions
Jun 25, 2026
China Glass Holdings Limited reported that all resolutions at its 25 June 2026 annual general meeting were approved by shareholders via poll, including adoption of the 2025 audited financial statements. Shareholders also overwhelmingly backed the ...
China Glass Tightens Audit Committee Rules Ahead of 2026
Jun 4, 2026
China Glass Holdings Limited has issued updated terms of reference and procedural rules for its audit committee, effective 30 March 2026. The document sets out the committee’s composition, responsibilities, powers and meeting procedures, for...
China Glass Updates Remuneration Committee Governance Framework
Jun 4, 2026
China Glass Holdings Limited has adopted updated Terms of Reference and Rules of Procedures for its Remuneration Committee, effective 30 March 2026. The document outlines the committee’s general provisions, composition, responsibilities, pow...
China Glass Updates Nomination Committee Governance Framework
Jun 4, 2026
China Glass Holdings Limited has issued updated terms of reference and rules of procedures for its Nomination Committee, effective 30 March 2026. The document outlines the committee’s general provisions, composition, responsibilities, powers...
China Glass Sets New Rules for Strategy Committee Effective 2026
Jun 4, 2026
China Glass Holdings Limited has outlined the terms of reference and procedural rules for its Strategy Committee, effective from 30 March 2026. The document defines the committee’s composition, responsibilities, powers and decision-making pr...
China Glass Sets 2026 AGM to Approve Results, Board Changes and Share Issue Mandate
Apr 28, 2026
China Glass Holdings Limited has convened its annual general meeting for 25 June 2026 as an online virtual event, where shareholders will vote on the adoption of the audited financial statements for the year ended 31 December 2025 and the related ...
China Glass Swings to Deep Annual Loss on Massive Discontinued-Operations Hit
Mar 31, 2026
China Glass Holdings reported relatively stable revenue from continuing operations of about RMB1.46 billion for 2025, with gross profit improving to RMB513.7 million as cost of sales declined. Profit from continuing operations rose to RMB101.5 mil...
China Glass Weighs RMB1.5 Billion Convertible Bond to Ease Debt Load
Mar 31, 2026
China Glass Holdings has signed a non-legally binding memorandum of understanding with Hony Capital Group for a potential issue of RMB1.5 billion in convertible bonds, which would be exchangeable into ordinary shares of the company. Hony Capital, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.