China Glass Holdings Limited (3300) AI Stock Analysis

• Market Cap: HK$555.79M
• Dividend Yield: N/A
• Average Volume (3M): 1.81M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.94
• Revenue Growth: 6.51%
• EPS Growth: -112.30%
• Country: HK
• Employees: 4,532
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Construction Materials
• EPS (TTM): -0.49
• Shares Outstanding: 1,836,218,300
• 10 Day Avg. Volume: 2,076,100
• 30 Day Avg. Volume: 1,811,833
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: HK$0.50
• Price Target Upside: 47.06% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0

• Rating: 43 Neutral
• Price Target: HK$0.50 ▲(47.06% Upside)

The overall stock score reflects concerns over financial performance due to negative profitability and high leverage, which are significant risks. Technical analysis shows potential for recovery, but valuation remains unattractive with a negative P/E ratio. The absence of earnings call and corporate events data limits additional insights.

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 diverse glass product portfolio. The company's key revenue streams include the production and sale of float glass, which is the foundation for many of its other glass products, and the high-margin deep-processed glass products that cater to specialized needs in industries like automotive and construction. Additionally, China Glass has strategic partnerships and collaborations with industry players to enhance its technological capabilities and expand its market reach. The company's focus on developing energy-efficient and environmentally-friendly glass products also positions it advantageously to tap into growing market demands for sustainable building materials.

China Glass Holdings Limited Financial Statement Overview

Summary

Despite strong revenue growth, the company faces challenges with declining profitability, high leverage, and negative cash flow. The overall financial health is concerning, highlighting the need for restructuring to improve stability.

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
EBITDA	319.96M	246.21M	671.06M	1.62B	532.78M
Net Income	-876.58M	-409.76M	116.17M	736.36M	-84.71M
Balance Sheet
Total Assets	14.22B	14.96B	13.29B	10.38B	7.20B
Cash, Cash Equivalents and Short-Term Investments	1.30B	1.21B	1.35B	692.93M	806.14M
Total Debt	9.99B	9.51B	8.01B	4.93B	3.49B
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: Neutral
• Last Price: 0.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.34 is below the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.32, and below the 200-day MA of 0.37, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.23 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$9.72B	6.71	-0.14%	3.11%	2.50%	-46.76%
0691	56 Neutral	HK$3.27B	―	-0.77%	―	-21.41%	84.29%
3300	43 Neutral	HK$555.79M	―	-97.33%	―	6.51%	-112.30%
WCHNF	―	$1.50B	14.40	5.10%	2.11%	―	―
XYIGF	―	$4.52B	8.01	17.66%	4.94%	―	―
T18	―	€90.95M	2.38	1.77%	―	―	―
0695	54 Neutral	HK$2.04B	―	-9.39%	―	-27.23%	-60.42%

China Glass Holdings Limited Corporate Events

China Glass Holdings Announces Change in Book Closure Period for SGM

China Glass Holdings Limited has issued a clarification announcement regarding the change in the book closure period for its special general meeting (SGM). The revised period for closing the Register of Members is from 6 August 2025 to 8 August 2025, allowing shareholders to ascertain their entitlement to attend and vote at the SGM. This adjustment ensures that shareholders have the correct information to participate in the meeting, maintaining transparency and accuracy in the company’s shareholder communications.

China Glass Holdings to Discuss Finance Lease Agreement at Upcoming Meeting

China Glass Holdings Limited has announced a Special General Meeting scheduled for August 8, 2025, to discuss and potentially approve a finance lease agreement between its subsidiary, Weihai CNG Coated Glass Co., Ltd., and Ping An International Financial Leasing Co., Ltd. This agreement, if ratified, could enhance the company’s financial flexibility and operational capacity, potentially impacting its market position and stakeholder interests positively.

China Glass Holdings Announces Major Finance Lease Transaction

China Glass Holdings Limited has announced a major transaction involving the Weihai CNG Finance Lease Arrangement. This arrangement includes the sale and leaseback of assets valued at RMB150 million, with lease payments totaling approximately RMB158.6 million over 24 months. This transaction, combined with a previous finance lease arrangement, classifies as a major transaction under Hong Kong’s Listing Rules, necessitating shareholder approval. The company plans to convene a special general meeting to seek this approval and will provide further details in a forthcoming circular.

China Glass Holdings Secures Shareholder Approval for AGM Resolutions

China Glass Holdings Limited announced that all resolutions proposed at its Annual General Meeting on June 23, 2025, were passed successfully. The resolutions included the re-election of several directors, the re-appointment of KPMG as auditors, and the granting of mandates to the board for share allotment and buyback, indicating strong shareholder support and stable governance.

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.