Flat Glass Group Co., Ltd.

6865.HK

HKSEIndustrialsIndustrial - Specialties

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Latest quote

HK$7.07

−HK$0.19 · -2.62%

Aug 24, 4:08 PM HKT

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Flat Glass Group Co., Ltd., along with its affiliated entities, is a prominent manufacturer and vendor of various glass items. Its operational footprint spans across mainland China, other Asian countries, Europe, North America, and globally. The company's product portfolio encompasses solar (photovoltaic) glass, standard float glass, glass for building applications, and domestic glass. Beyond glass manufacturing, it also undertakes the extraction of quartzite ores, is involved in the investment, construction, management, and upkeep of power generation facilities, and pioneers natural gas utilization technologies, including the sale and fitting of natural gas pipelines. Furthermore, the group offers comprehensive supply chain solutions, logistics services for goods, and international exports of its glass merchandise. Its diverse clientele includes producers of PV modules, glass fabricators, wholesale glass distributors, furniture makers and processors, furniture retailers, building contractors, architectural glass processors, and construction firms. Established in 1998, Flat Glass Group Co., Ltd. is headquartered in Jiaxing, People's Republic of China.

Industry: Industrial - Specialties
Sector: Industrials
Headquarters: CN
CEO: Hongliang Ruan
Listed since: Nov 26, 2015
Employees: 7,366

Market position

Day range

Current HK$7.07

HK$7.04HK$7.415

52-week range

Current HK$7.07

HK$5.81HK$13.86

Open: HK$7.28
Previous close: HK$7.26
Volume: 2.63M; 0.52× average
Average volume: 5.07M; Average daily volume
Market cap: 27.74B HKD
Beta: 1.53; Market reference 1
50-day average: HK$6.8093; +3.83% above average
200-day average: HK$9.1854; -23.03% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 30.84B CNY
P/E (TTM): 26.67×
P/B (TTM): 1.06×
P/S (TTM): 1.57×
EV / EBITDA: 8.71×
Earnings yield: 4.83%
Free cash flow yield: 0.24%
Dividend yield: 1.46%

Profitability & efficiency

Gross margin: 16.70%
Operating margin: 9.12%
Net margin: 6.02%
Return on equity: 4.34%
Return on assets: 2.24%
Return on invested capital: 2.60%

Financial health

Debt / equity: 0.65×
Current ratio: 1.57×
Altman Z-score: 1.65
Piotroski F-score: 6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

15.57B CNY-16.68%

Operating income

1.08B CNY-4.45%

Net income

955.2M CNY-5.11%

Metric (CNY)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	15.57B CNY	18.68B CNY	21.52B CNY	15.46B CNY	8.71B CNY
Cost of goods sold	13.01B CNY	15.87B CNY	16.83B CNY	12.05B CNY	5.62B CNY
Gross profit	2.55B CNY	2.82B CNY	4.69B CNY	3.41B CNY	3.09B CNY
Research and development	386.45M CNY	604.79M CNY	596.75M CNY	523.23M CNY	408.42M CNY
Selling, general, and administrative	139.07M CNY	139.52M CNY	210.91M CNY	184.81M CNY	144.94M CNY
Operating expenses	1.47B CNY	1.69B CNY	1.64B CNY	1.26B CNY	704.2M CNY
Interest income	90.46M CNY	126.04M CNY	102.64M CNY	59.3M CNY	37.31M CNY
Interest expense	505.22M CNY	569.81M CNY	590.66M CNY	338.83M CNY	90.25M CNY
Depreciation and amortization	1.97B CNY	1.98B CNY	1.83B CNY	1.31B CNY	539.19M CNY
Operating income	1.08B CNY	1.13B CNY	3.05B CNY	2.16B CNY	2.38B CNY
Net income	955.2M CNY	1.01B CNY	2.76B CNY	2.12B CNY	2.12B CNY

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS: 0.41; FY2025 · -4.65% year over year
Latest fiscal-year revenue: 15.57B CNY; FY2025 · -16.68% year over year
Next fiscal-year EPS consensus: -0.385; FY2026 · 4 analysts
Next fiscal-year revenue consensus: 11.43B CNY; FY2026 · 10 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.5579

2024 complete year+271.9% since 2016

2026 partial: HK$0.1715

HK$0.15

2,016

HK$0.083

2,019

HK$0.5579

2,024

HK$0.1715

2,026*

* Partial calendar year in the available dividend history.

Corporate action history

Action	Ex-dividend date	Details	Record date	Payment date
Dividend	May 14, 2026	HK$0.1715Irregular	May 15, 2026	Jun 16, 2026
Dividend	Nov 20, 2024	HK$0.1406Semi-Annual	Nov 21, 2024	Dec 20, 2024
Dividend	Jun 19, 2024	HK$0.4173Semi-Annual	Jun 20, 2024	Jul 19, 2024
Dividend	Nov 1, 2023	HK$0.2594Annual	Nov 2, 2023	Nov 27, 2023
Dividend	Oct 26, 2022	HK$0.2539Annual	Oct 27, 2022	Nov 23, 2022
Dividend	May 24, 2021	HK$0.18Semi-Annual	May 26, 2021	Jun 23, 2021