---
title: "Brief News: The photovoltaic industry is sluggish, and China Glass suffers a huge loss of 4.8 billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279348895.md"
description: "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"
datetime: "2026-03-17T01:35:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279348895.md)
  - [en](https://longbridge.com/en/news/279348895.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279348895.md)
---

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

Float glass manufacturer **China Glass Holdings Limited** (3300.HK) 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 company pointed out that the significant increase in losses is mainly due to the impact of real estate regulation and the downturn in the photovoltaic industry, leading to a continued weakening of domestic glass market demand; coupled with an imbalance in the industry's supply and demand structure, the company faces dual pressure from prices and costs, resulting in a decrease in the group's gross profit margin, ultimately leading to the suspension of some production lines, and thus the company will make a corresponding impairment of 4.6 billion yuan.

China Glass stated that it will strengthen working capital management and implement cost control, while actively seeking financial support from shareholders, potential investors, and local governments, and will negotiate with relevant banks and lenders, while steadily expanding and laying out overseas markets, strengthening core business competitive advantages, and accumulating medium- to long-term growth momentum to lay a foundation for the next stage of sustainable operation and development.

On Tuesday, China Glass opened flat at HKD 0.51, with the company's stock price falling 33% over the past year.

_Liu Zhiheng_

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