Flat Glass Group Co Ltd Class H (HK:6865)
:6865
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Flat Glass Group Co
(6865)
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Rating:48Neutral
Price Target:
HK$6.00
▼(-37.04% Downside)
Action:Reiterated
Date:06/25/26
The score is held back primarily by weakening financial performance (margin compression, slightly negative revenue trend, and inconsistent/low free-cash-flow conversion) and very weak technicals (price far below key moving averages with bearish momentum). Valuation is only modestly supportive due to a relatively high P/E versus current fundamentals, partially offset by a moderate dividend yield.
Positive Factors
Balance sheet resilience
The company's debt-to-equity near 0.68 and a sizable equity base provide structural balance-sheet resilience. This reduces refinancing risk and supports capacity for capex or cyclical downturns, maintaining strategic optionality over the next several quarters.
Negative Factors
Revenue decline
A falling top line (-2.8% TTM) signals reduced demand or pricing pressure that can erode scale economics. Persistent revenue contraction over several quarters would pressure capacity utilization and long-term growth prospects absent product or market recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet resilience
The company's debt-to-equity near 0.68 and a sizable equity base provide structural balance-sheet resilience. This reduces refinancing risk and supports capacity for capex or cyclical downturns, maintaining strategic optionality over the next several quarters.
Read all positive factors
Flat Glass Group Co (6865) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$25.58B
Dividend Yield5.67%
Average Volume (3M)7.57M
Price to Earnings (P/E)26.4
Beta (1Y)1.11
Revenue Growth-9.40%
EPS Growth163.75%
CountryHK
Employees7,759
SectorTechnology
Sector Strength88
IndustryConstruction
Share Statistics
EPS (TTM)0.38
Shares Outstanding441,715,000
10 Day Avg. Volume7,548,417
30 Day Avg. Volume7,565,753
Financial Highlights & Ratios
PEG Ratio-4.44
Price to Book (P/B)0.90
Price to Sales (P/S)1.27
P/FCF Ratio419.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$10.29Price Target Upside7.95% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.45
Revenue Forecast (FY)HK$15.32B
Flat Glass Group Co Business Overview & Revenue Model
Company Description
Flat Glass Group Co., Ltd., along with its affiliated entities, is a prominent manufacturer and vendor of various glass items. Its operational footprint spans across mainland China, other Asian countries, Europe, North America, and globally. The c...
How the Company Makes Money
null...
Flat Glass Group Co Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.08B | 15.57B | 18.68B | 21.52B | 15.46B | 8.71B |
| Gross Profit | 2.52B | 2.55B | 2.82B | 4.69B | 3.41B | 3.09B |
| EBITDA | 3.14B | 3.54B | 3.77B | 5.48B | 3.80B | 2.89B |
| Net Income | 907.07M | 955.20M | 1.01B | 2.76B | 2.12B | 2.12B |
Balance Sheet | ||||||
| Total Assets | 42.42B | 42.70B | 42.92B | 42.98B | 32.38B | 20.08B |
| Cash, Cash Equivalents and Short-Term Investments | 4.40B | 5.01B | 5.96B | 6.85B | 2.98B | 3.04B |
| Total Debt | 14.68B | 15.08B | 15.04B | 14.99B | 12.81B | 5.19B |
| Total Liabilities | 19.87B | 20.25B | 21.14B | 20.69B | 18.35B | 8.27B |
| Stockholders Equity | 22.45B | 22.03B | 21.70B | 22.22B | 14.03B | 11.81B |
Cash Flow | ||||||
| Free Cash Flow | 747.39M | 47.12M | 1.03B | -3.65B | -7.89B | -3.19B |
| Operating Cash Flow | 3.07B | 2.85B | 5.91B | 1.97B | 176.90M | 579.73M |
| Investing Cash Flow | -2.99B | -2.88B | -5.55B | -5.83B | -7.87B | -3.56B |
| Financing Cash Flow | -1.21B | -1.19B | -1.35B | 7.00B | 7.85B | 3.95B |
Flat Glass Group Co Technical Analysis
Negative
9.53
Price Trends
8.43
Negative
9.31
Negative
10.07
Negative
Market Momentum
-0.46
Positive
24.62
Positive
10.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6865, the sentiment is Negative. The current price of 9.53 is above the 20-day moving average (MA) of 7.62, above the 50-day MA of 8.43, and below the 200-day MA of 10.07, indicating a bearish trend. The MACD of -0.46 indicates Positive momentum. The RSI at 24.62 is Positive, neither overbought nor oversold. The STOCH value of 10.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6865.
Flat Glass Group Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | HK$177.49M | 55.70 | 0.62% | 2.34% | -48.30% | -75.98% | |
54 Neutral | HK$716.51M | -129.26 | -3.78% | ― | -0.28% | -469.70% | |
53 Neutral | HK$12.01B | 8.10 | 5.15% | 4.22% | -10.04% | -25.52% | |
48 Neutral | HK$25.58B | 26.39 | 4.12% | 5.67% | -9.40% | 163.75% | |
44 Neutral | HK$293.08M | -1.45 | -21.28% | ― | -23.68% | 35.58% | |
41 Neutral | HK$204.14M | -0.53 | 80.94% | ― | -13.39% | 34.49% |
* Technology Sector Average
HK:6865
Flat Glass Group Co
5.96
-1.98
-24.96%
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Flat Glass Group Co Corporate Events
Flat Glass Group Sets June Payout Date for 2025 Final Dividend
May 14, 2026
Flat Glass Group Co., Ltd. has confirmed the payment arrangements for its 2025 final dividend, declaring RMB0.15 per ordinary share for the year ended 31 December 2025, which translates to HKD0.1715 per H share before tax. The dividend for H share...
Flat Glass Group Sets Final 2025 Dividend and Clarifies Tax Treatment for Investors
May 14, 2026
Flat Glass Group Co., Ltd. has announced a final ordinary dividend of RMB 0.15 per share for the financial year ended 31 December 2025, approved by shareholders on 12 May 2026. For H-share holders in Hong Kong, the dividend will be paid in Hong Ko...
Flat Glass Group Secures Strong Shareholder Backing at 2025 AGM
May 12, 2026
Flat Glass Group Co., Ltd. reported that all resolutions at its 2025 annual general meeting were approved by poll, with strong shareholder participation representing about 57.89% of voting share capital. The meeting, held in Jiaxing, Zhejiang, end...
Flat Glass Group Profit Slumps in Q1 2026 Despite Stronger Cash Flow
Apr 27, 2026
Flat Glass Group Co., Ltd., a leading Chinese flat glass manufacturer listed in Hong Kong and Shanghai, has released its unaudited first-quarter 2026 financial results prepared under Chinese Accounting Standards. The board, senior management and k...
Flat Glass Group Sets 2026 AGM to Approve 2025 Results, RMB28 Billion Credit Guarantees and H-Share Buyback Mandate
Apr 17, 2026
Flat Glass Group Co., Ltd. has convened its annual general meeting for 12 May 2026 in Jiaxing, Zhejiang, where shareholders will review the board report, audited consolidated financial statements, annual report and results, and the profit distribu...
Flat Glass Group Updates Key Dates and Tax Details for 2025 Final Dividend
Apr 17, 2026
Flat Glass Group Co., Ltd. has declared a final ordinary dividend of RMB 0.15 per share for the financial year ended 31 December 2025, with shareholder approval scheduled for 12 May 2026. Key timetable details have been updated, including an ex-di...
Flat Glass Group Schedules Board Meeting to Review First-Quarter 2026 Results
Apr 15, 2026
Flat Glass Group Co., Ltd., a Hong Kong-listed glass manufacturer based in Jiaxing, Zhejiang Province, operates through a board comprising executive, independent non-executive, and employee directors. The company focuses on flat glass production f...
Flat Glass Group Seeks Mandate to Repurchase Up to 10% of H Shares
Apr 8, 2026
Flat Glass Group Co., Ltd. plans to seek shareholder approval for a general mandate to repurchase up to 10% of its H shares listed in Hong Kong, with any repurchased shares to be held as treasury stock. The initiative is framed as a reflection of ...
Flat Glass Group Publishes Audited 2025 Annual Results
Mar 26, 2026
Flat Glass Group Co., Ltd. has released its audited consolidated results for the year ended 31 December 2025, presenting the full text of its 2025 annual report. The disclosure is made in accordance with Hong Kong listing rules governing prelimina...
Flat Glass Group Proposes Final 2025 Dividend and Details Withholding Tax Terms
Mar 26, 2026
Flat Glass Group Co., Ltd. has proposed a final ordinary cash dividend of RMB 0.15 per share for the financial year ended 31 December 2025, subject to shareholder approval. Key timetable details, including the ex-dividend date, record date, paymen...
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.