China Glass Holdings Limited (3300) AI Stock Analysis

• Market Cap: HK$875.79M
• Dividend Yield: N/A
• Average Volume (3M): 2.60M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.95
• 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: 40 Underperform
• Price Target: HK$0.52 ▼(-4.91% Downside)
• Action: Downgraded Date: 01/30/26
• Date: Action: Downgraded 01/30/26

The score is primarily constrained by weak financial performance: losses, declining margins, high leverage with deteriorating equity, and negative free cash flow. Technicals add a modest offset due to longer-term moving-average support, but near-term trend and momentum remain soft. Valuation is also pressured by a negative P/E and no provided dividend yield.

Positive Factors

Diversified product and end-market exposure

Broad product mix across construction, automotive and electronics provides structural demand diversification. This reduces single-market cyclicality, supports multi-channel sales and long-term contract opportunities, helping stabilize revenues and operational utilization over 2–6 months+ horizons.

Sustained multi-year revenue growth

A multi-year revenue CAGR near 18% demonstrates durable market traction and scalable commercial execution. Sustained top-line expansion supports capacity investments, product development and negotiation leverage with buyers, improving long-term competitive positioning if profitability can be restored.

Focus on energy-efficient products and R&D

Strategic emphasis on energy-efficient glass and R&D aligns with structural regulatory and customer trends toward efficiency and sustainability. Continued product innovation and partnerships can create differentiated offerings and higher-value sales, supporting durable demand and margin recovery over the medium term.

Negative Factors

Recent negative profitability

Turned negative EBIT and net income indicate persistent profitability pressure. Without sustainable margins, the firm risks inability to self-fund growth, reduced reinvestment capacity, and greater sensitivity to raw-material or demand shocks, weakening long-term financial resilience.

Very high leverage and deteriorated equity

Material leverage with equity erosion constrains financial flexibility and increases default and refinancing risk. High debt servicing needs limit ability to invest in capacity or R&D and elevate vulnerability to rate moves or demand slowdowns, pressuring strategic options over months ahead.

Negative free cash flow and weak cash conversion

Negative free cash flow and poor cash conversion signal inability to generate internal liquidity from operations. This forces reliance on external funding, increases dilution or leverage risk, and undermines capacity to service debt or sustain capex, posing a persistent operational constraint.

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

Despite strong multi-year revenue growth, the latest year shows negative EBIT and net income, materially weaker margins, very high leverage with deteriorating equity, and negative free cash flow—together indicating elevated financial and liquidity 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	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: Negative
• Last Price: 0.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• 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 Negative. The current price of 0.55 is above the 20-day moving average (MA) of 0.53, below the 50-day MA of 0.57, and above the 200-day MA of 0.42, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.51 is Neutral, neither overbought nor oversold. The STOCH value of 26.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
0868	65 Neutral	HK$48.13B	12.24	―	2.65%	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
2233	60 Neutral	HK$11.58B	2.51	7.74%	1.29%	20.56%	254.64%
0695	52 Neutral	HK$4.64B	-40.10	-6.75%	―	-11.16%	41.97%
0691	49 Neutral	HK$2.22B	-2.49	0.80%	―	-14.85%	―
1252	48 Neutral	HK$739.99M	2.64	2.15%	―	0.18%	―
3300	40 Underperform	HK$875.79M	-0.47	-177.42%	―	-11.62%	-138.95%

China Glass Holdings Limited Corporate Events

China Glass Calls February 2026 Special Meeting to Approve New Procurement Framework

China Glass Holdings Limited has convened a special general meeting for 11 February 2026, to be held in a hybrid format in Shanghai and online, to seek shareholder approval of a new procurement framework agreement with CNBMG Triumph Mineral Resources Group Co., Ltd. The resolution, if passed, will approve the agreement, its proposed annual caps and related transactions, and will authorize the company’s directors or company secretary to execute all necessary documents and filings, potentially streamlining the company’s procurement arrangements and reinforcing its supply relationship with the CNBMG-affiliated mineral resources partner.

The most recent analyst rating on (HK:3300) stock is a Buy with a HK$0.72 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 Delays Circular on New Procurement Framework Agreement

China Glass Holdings Limited has announced a delay in sending to shareholders a circular related to its new procurement framework agreement and proposed annual caps, which was originally scheduled to be dispatched on or before 20 January 2026. The company now expects to issue the circular, which will also include letters from the independent board committee and independent financial adviser as well as a notice of a special general meeting, on or before 23 January 2026, citing the need for additional time to finalize certain information.

The most recent analyst rating on (HK:3300) stock is a Buy with a HK$0.72 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 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.