Brief News: The photovoltaic industry is sluggish, and China Glass suffers a huge loss of 4.8 billion

China Glass Holdings Limited issued a profit warning on Monday, expecting a loss of 4.8 billion yuan last year, nearly quadrupling from 964 million yuan in 2024. The loss was mainly affected by real estate regulation and the sluggish photovoltaic industry, with domestic glass market demand continuing to weaken. The company will suspend some production lines and conduct an impairment of 4.6 billion yuan. China Glass plans to strengthen working capital management, seek support from shareholders and the government, and expand into overseas markets to enhance its core competitiveness. On Tuesday, the stock price opened flat at HKD 0.51, down 33% over the past year