Flat Glass Group Co., Ltd. has issued a profit warning, projecting a net loss attributable to owners of the parent in the range of RMB300 million to RMB400 million for the six months ended June 30, 2026. This compares with a net profit of RMB261.09 million in the same period of 2025.
Excluding non-recurring items, the estimated net loss is between RMB320 million and RMB420 million, versus a net profit of RMB227.45 million in the first half of 2025.
The expected loss is primarily due to two factors. First, amid overall volatility in the photovoltaic industry, the company's PV glass business came under pressure; the phase-specific oversupply and continuous decline in selling prices led to a sector-wide adjustment impact. Second, the company made impairment provisions for cold-repaired glass furnaces and part of its PV glass inventory.
Despite the short-term financial headwinds, the group highlights its healthy balance sheet and ample capital reserves, and maintains strong overall competitive strengths in the PV glass sector. The group will continue to invest in technological innovation and aims to create long-term value for investors.
The above estimate is based on unaudited consolidated management accounts and information currently available to the board, and has not been reviewed by the auditors. The full interim results announcement is expected to be published around August 25, 2026. The group advises shareholders and potential investors to exercise caution when dealing in its shares.