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

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