---
title: "BRIEF: China Glass plunges to $690 million annual loss amid solar, property slumps"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/279362899.md"
description: "中国玻璃控股有限公司周一警告称，预计去年将报告 48 亿人民币（约合 6.9 亿美元）的亏损，比 2024 年的 9.64 亿人民币亏损增加近五倍。公司将去年的巨大亏损归因于国内玻璃需求疲软，主要受到房地产和太阳能行业下滑的影响，导致价格承压，同时成本上升挤压了毛利率。这最终导致部分生产暂停，触发了 46 亿人民币的减值损失。中国玻璃表示，将努力加强营运资金管理并实施严格的成本控制，同时寻求财务支持。"
datetime: "2026-03-17T03:46:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279362899.md)
  - [en](https://longbridge.com/en/news/279362899.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279362899.md)
---

# BRIEF: China Glass plunges to $690 million annual loss amid solar, property slumps

Float glass producer **China Glass Holdings Ltd.** (3300.HK) **warned** on Monday it expects to report a 4.8 billion yuan ($690 million) loss for last year, representing a nearly fivefold increase from its 964 million yuan loss in 2024.

The company attributed last year’s steep loss to weak domestic demand for glass, driven by slumps in the key real estate and solar sectors, pressuring its prices, even as rising costs squeezed its gross margins. That ultimately led to partial production suspensions, triggering 4.6 billion yuan in impairment charges.

China Glass said it will work to strengthen its working capital management and implement strict cost controls. Concurrently, it will seek financial backing from shareholders, potential investors, and local governments while negotiating with its lenders. The company also plans to expand its overseas footprint, seeking to lay the foundation for sustainable operations in the future.

Shares of China Glass opened flat at HK$0.51 on Tuesday. The stock is down 33% from its 52-week high.

_By Lau Chi Hang_

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