China Glass Holdings Limited (3300) AI Stock Analysis

• Market Cap: HK$926.32M
• Dividend Yield: N/A
• Average Volume (3M): 2.60M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.04
• Revenue Growth: -11.62%
• EPS Growth: -138.95%
• Country: HK
• Employees: 4,532
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): -0.17
• Shares Outstanding: 1,836,218,300
• 10 Day Avg. Volume: 1,610,550
• 30 Day Avg. Volume: 2,602,650
• PEG Ratio: >-0.01
• Price to Book (P/B): 2.45
• Price to Sales (P/S): 0.11
• P/FCF Ratio: 1.07
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: HK$0.50 ▼(-9.09% Downside)

The overall stock score is primarily impacted by the company's weak financial performance, characterized by negative profitability and high leverage. While technical analysis shows positive momentum, the negative P/E ratio and lack of dividend yield present valuation concerns.

Positive Factors

Market Position

As a leading player in the Chinese glass industry, the company benefits from a strong market position, which supports its ability to capture market share and maintain competitive advantages in the domestic market.

Product Innovation

The focus on innovation, particularly in energy-efficient glass solutions, positions the company to meet growing demand and adapt to industry trends, enhancing its long-term growth prospects.

Revenue Streams

Diverse revenue streams from direct sales and long-term contracts provide stability and predictability to the company's earnings, supporting sustainable growth.

Negative Factors

Profitability Challenges

Negative profitability and declining margins indicate cost management issues, which could hinder the company's ability to generate sustainable profits and reinvest in growth.

High Leverage

High leverage increases financial risk, potentially limiting the company's ability to invest in growth opportunities and manage economic downturns effectively.

Negative Cash Flow

Negative free cash flow suggests difficulties in generating cash from operations, which could impact the company's ability to fund operations and growth initiatives without relying on external financing.

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 primarily through the sale of its glass products, which are utilized in various industries such as construction and automotive manufacturing. The company has established key revenue streams through direct sales to manufacturers and distributors, as well as through long-term contracts with large construction firms and automotive companies. Additionally, it benefits from its strong presence in the domestic market and strategic partnerships that enhance its distribution channels. Factors contributing to its earnings include the growing demand for energy-efficient glass solutions, expansion into international markets, and the company's focus on research and development to innovate new products.

China Glass Holdings Limited Financial Statement Overview

Summary

China Glass Holdings Limited shows strong revenue growth but faces significant financial challenges. Recent profitability has turned negative, with declining gross profit margins and high leverage. Liquidity issues are evident with negative free cash flow, indicating potential financial instability.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.21B	5.74B	5.31B	4.33B	5.07B	3.16B
Gross Profit	203.34M	310.94M	299.51M	638.19M	1.73B	738.72M
EBITDA	82.49M	319.96M	246.21M	671.06M	1.62B	532.78M
Net Income	-1.02B	-876.58M	-409.76M	116.17M	736.36M	-84.71M
Balance Sheet
Total Assets	13.48B	14.22B	14.96B	13.29B	10.38B	7.20B
Cash, Cash Equivalents and Short-Term Investments	1.02B	1.30B	1.21B	1.35B	692.93M	806.14M
Total Debt	9.40B	9.99B	9.51B	8.01B	4.93B	3.49B
Total Liabilities	12.85B	13.34B	12.74B	9.99B	7.00B	5.03B
Stockholders Equity	66.38M	265.05M	1.52B	2.59B	2.65B	2.01B
Cash Flow
Free Cash Flow	446.91M	605.56M	-186.63M	-1.13B	53.77M	182.09M
Operating Cash Flow	388.99M	792.68M	556.39M	441.93M	957.21M	629.38M
Investing Cash Flow	22.90M	-424.34M	-903.40M	-1.96B	-1.33B	-397.76M
Financing Cash Flow	-930.24M	-330.13M	150.19M	2.04B	275.53M	-84.62M

China Glass Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 0.55 is below the 20-day moving average (MA) of 0.56, below the 50-day MA of 0.58, and above the 200-day MA of 0.36, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 66.23 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 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 *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
2233	60 Neutral	HK$17.86B	16.74	7.74%	1.29%	20.56%	254.64%
0868	58 Neutral	HK$38.45B	10.14	―	2.65%	―	―
3300	49 Neutral	HK$926.32M	-1.03	-177.42%	―	-11.62%	-138.95%
0691	48 Neutral	HK$2.39B	15.54	0.80%	―	-14.85%	―
1252	48 Neutral	HK$863.32M	2.28	2.15%	―	0.18%	―
0695	43 Neutral	HK$5.05B	-155.71	-6.75%	―	-11.16%	41.97%

China Glass Holdings Limited Corporate Events

China Glass Seeks Shareholder Approval for New Three-Year Connected Procurement Deal

China Glass Holdings Limited has entered into a new three-year procurement framework agreement with Triumph Resources to secure the supply of raw and fuel materials for its glass manufacturing operations for the financial years ending 31 December 2026, 2027 and 2028, replacing an existing agreement that will expire at the end of 2025. Because Triumph Resources is an associate of a substantial shareholder, the deal is classified as a continuing connected transaction under Hong Kong Listing Rules, requiring independent shareholders’ approval at a special general meeting, with an independent board committee and financial adviser appointed and a circular to be dispatched by 20 January 2025, and there is no certainty the agreement will proceed until that approval is obtained.

The most recent analyst rating on (HK:3300) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Glass Holdings Limited stock, see the HK:3300 Stock Forecast page.

China Glass Holdings Restructures Facility Agreement to Extend Repayment

China Glass Holdings Limited has announced the restructuring of its Facility Agreement, following a previous default in payment. The company has entered into a second deed of amendment and restatement to extend the repayment date by one year, with a possible six-month extension, subject to certain conditions. This move is significant for the company’s financial stability and may impact its market position and stakeholder confidence.

The most recent analyst rating on (HK:3300) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Glass Holdings Limited stock, see the HK:3300 Stock Forecast page.

China Glass Holdings Announces Proposed Loan Restructuring

China Glass Holdings Limited has announced a voluntary agreement on a term sheet with lenders to restructure its loan facilities under a previous Facility Agreement. This proposed restructuring aims to extend the final maturity date of the loans, although it is not guaranteed that definitive agreements will be reached. The company emphasizes that the restructuring may or may not proceed, advising shareholders and potential investors to exercise caution.

The most recent analyst rating on (HK:3300) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Glass Holdings Limited stock, see the HK:3300 Stock Forecast page.