---
title: "News: Photovoltaic industry downturn, FLAT GLASS revenue declines across the board"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280711289.md"
description: "The imbalance between supply and demand in the photovoltaic industry has led to a decline in the performance of FLAT GLASS Group for the fiscal year 2025, with revenue decreasing by 16.7% year-on-year to 15.57 billion yuan, and profit falling by 2.6% to 980 million yuan. Revenue from photovoltaic glass dropped by 16.8% to nearly 14 billion yuan, while float glass revenue plummeted by nearly 61% to 110 million yuan. Revenue from home glass decreased by 18.7% to 250 million yuan, with only engineering glass revenue increasing by 8.3% to 540 million yuan. On Friday, the stock price rose by 1.1% to HKD 9.01, while the stock price has fallen by 35% over the past year"
datetime: "2026-03-27T01:36:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280711289.md)
  - [en](https://longbridge.com/en/news/280711289.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280711289.md)
---

# News: Photovoltaic industry downturn, FLAT GLASS revenue declines across the board

Glass manufacturer **FLAT GLASS GROUP CO., LTD.** (6865.HK) announced its **2025 annual performance** on Thursday, with revenue declining 16.7% year-on-year to CNY 15.57 billion, and net profit of CNY 980 million, down 2.6% year-on-year.

The group is primarily engaged in the production and sale of various glass products, including photovoltaic glass, float glass, engineering glass, and home glass. During the period, due to the imbalance of supply and demand in the photovoltaic industry and intense competition, the price of photovoltaic glass continued to decline, leading to a 16.8% year-on-year decrease in revenue to nearly CNY 14 billion, which impacted the group's overall revenue.

Other glass products were also affected by the weak real estate market, with float glass revenue plummeting nearly 61% year-on-year to CNY 110 million; home glass revenue was CNY 250 million, down 18.7% year-on-year. Only engineering glass revenue increased by 8.3% year-on-year to CNY 540 million.

On Friday, FLAT GLASS opened up 1.1% at HKD 9.01, with the company's stock price down 35% from its high over the past year.

_Liu Zhiheng_

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