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Flat Glass Group (6865) investor relations material
Flat Glass Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary27 Oct, 2025
Executive summary
Revenue for Q3 2025 rose 20.95% year-over-year, but nine-month revenue declined 14.66% compared to the same period last year.
Net profit attributable to equity owners dropped 50.79% for the nine months year-over-year, with a 284.87% decrease in Q3 net profit compared to Q3 2024.
Basic and diluted EPS for the nine months were RMB 0.27, down over 50% year-over-year.
Financial highlights
Nine-month revenue: RMB 12.46 billion, down 14.66% year-over-year.
Nine-month net profit attributable to equity owners: RMB 637.56 million, down 50.79% year-over-year.
Net cash flow from operating activities: RMB 2.26 billion, down 25.03% year-over-year.
Total assets as of 30 September 2025: RMB 41.91 billion, down 2.35% from year-end 2024.
Equity attributable to owners: RMB 22.20 billion, up 2.29% from year-end 2024.
Outlook and guidance
Operating revenue and cost declines attributed to lower photovoltaic glass prices and cost-cutting initiatives.
R&D expenses reduced by 32.84% due to decreased investment.
Explain Q3 revenue growth vs 9M decline
Why the significant R&D expense cut?
Details on ongoing PV glass projects investment
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Next Flat Glass Group earnings date
H2 202527 Mar, 2026
Next Flat Glass Group earnings date
H2 202527 Mar, 2026
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