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Flat Glass Group Co (6865) AI Stock Analysis
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Flat Glass Group Co
(HKEX:6865)
The score is primarily constrained by weakening financial performance (revenue contraction, margin compression, and a TTM net loss), with only partial support from still-positive operating cash flow and manageable leverage. Technicals add further pressure as the stock trades below all major moving averages with negative MACD. Valuation is mixed: a supportive dividend yield is outweighed by a very high P/E.
Flat Glass Group Co (6865) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 3.24B
- Dividend Yield
- 3.32%
- Average Volume (3M)
- 3.55M
- Price to Earnings (P/E)
- 56.0
- Beta (1Y)
- 0.90
- Revenue Growth
- -19.56%
- EPS Growth
- -258.17%
- Country
- Hong Kong
- Employees
- 7,366
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Industrial - Specialties
Flat Glass Group Co Business Overview & Revenue Model
Company Description
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 comp...
Flat Glass Group Co Financial Statement Overview
Summary
Income statement weakness is the main drag: revenue has been contracting and profitability deteriorated sharply, shifting to a TTM net loss with significant margin compression. The balance sheet looks moderately leveraged (mid-range debt-to-equity) but ROE has turned negative, increasing risk if earnings do not recover. Cash flow is currently positive (operating cash flow and TTM free cash flow), but free cash flow has been volatile and recently declined, pointing to inconsistent cash conversion.
Income Statement
38NegativeBalance Sheet
57NeutralCash Flow
44Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.59B | 15.57B | 18.68B | 21.52B | 15.46B | 8.71B |
| Gross Profit | 1.04B | 2.55B | 2.82B | 4.69B | 3.41B | 3.09B |
| EBITDA | 1.51B | 3.54B | 3.81B | 5.48B | 3.80B | 2.90B |
| Net Income | -496.36M | 955.20M | 1.01B | 2.76B | 2.12B | 2.12B |
Balance Sheet | ||||||
| Total Assets | 40.80B | 42.70B | 42.92B | 42.98B | 32.38B | 20.08B |
| Cash, Cash Equivalents and Short-Term Investments | 4.37B | 5.01B | 5.96B | 6.85B | 2.98B | 3.04B |
| Total Debt | 14.93B | 15.08B | 15.04B | 14.99B | 12.81B | 5.19B |
| Total Liabilities | 19.47B | 20.25B | 21.14B | 20.69B | 18.35B | 8.27B |
| Stockholders Equity | 21.19B | 22.03B | 21.70B | 22.22B | 14.03B | 11.81B |
Cash Flow | ||||||
| Free Cash Flow | 745.00M | 47.12M | 1.03B | -3.65B | -7.89B | -3.19B |
| Operating Cash Flow | 2.45B | 2.85B | 5.91B | 1.97B | 176.90M | 579.73M |
| Investing Cash Flow | -1.67B | -2.88B | -5.55B | -5.83B | -7.87B | -3.56B |
| Financing Cash Flow | -1.26B | -1.19B | -1.35B | 7.00B | 7.85B | 3.95B |
Flat Glass Group Co Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6865, the sentiment is Negative. The current price of 5.17 is below the 20-day moving average (MA) of 5.23, below the 50-day MA of 5.88, and below the 200-day MA of 7.97, indicating a bearish trend. The MACD of -0.20 indicates Negative momentum. The RSI at 39.64 is Neutral, neither overbought nor oversold. The STOCH value of 50.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6865.
Flat Glass Group Co Peers Comparison
Overall Rating
HK:189755.3Neutral
HK:165353Neutral
HK:212847.6Neutral- HK:686544Neutral
HK:159238Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| HK:1897 | 55Neutral | HKD 181.03M | 30.27 | 1.14% | 2.00% | -22.26% | -33.78% |
| HK:1653 | 53Neutral | HKD 661.62M | -36.70 | -13.58% | ― | 4.31% | -426.67% |
| HK:2128 | 48Neutral | HKD 8.98B | 8.24 | 3.76% | 6.86% | -5.23% | -41.53% |
| HK:6865 | 44Neutral | HKD 21.82B | 56.01 | -2.25% | 3.32% | -19.56% | -258.17% |
| HK:1592 | 38Underperform | HKD 199.79M | -0.61 | 118.96% | ― | -50.93% | 43.67% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:6865 | Flat Glass Group Co Class H | 5.17 | -6.90 | -57.17% | |
| HK:2128 | China Lesso Group Holdings | 2.92 | -1.28 | -30.43% | |
| HK:1592 | Anchorstone Holdings Limited | 0.14 | -0.06 | -29.59% | |
| HK:1653 | MOS House Group Limited | 2.29 | 0.96 | 72.18% | |
| HK:1897 | Million Hope Industries Holdings Ltd. | 0.45 | 0.03 | 6.89% |
Flat Glass Group Co Corporate Events
Flat Glass Group Posts Heavy Losses Amid Sharp Revenue Decline in Third Quarter 2026
Flat Glass Group Co., Ltd., a PRC-based flat glass manufacturer listed in Hong Kong and Shanghai, reports its financials under Chinese Accounting Standards and is subject to CSRC quarterly reporting rules. The board and finance leadership warrant the...
Flat Glass Group Cancels Part of Incentive Shares and Expands Business Scope
Flat Glass Group has moved to unwind part of its 2020 Restricted A Share Incentive Scheme after changes in market conditions and share price volatility made the plan unlikely to achieve its intended effect. The board approved the repurchase and cance...
Flat Glass Group Sets Board Meeting to Approve Third-Quarter Results
Flat Glass Group Co., Ltd. has scheduled a board meeting for 30 October 2026 to review and approve the unaudited third quarterly results for the nine months ended 30 September 2026. The meeting underscores the company’s adherence to disclosure...
Flat Glass Group Appoints New Hong Kong Process Agent
Flat Glass Group has announced a change in its authorized representative for accepting legal process and notices in Hong Kong, as required under local company and listing regulations. Ms. Zhang Xiao will resign from this role with effect from 28 Sept...
Flat Glass Group Publishes Unaudited 2026 Interim Results and Plans Full Report Release
Flat Glass Group Co., Ltd. has released its unaudited consolidated interim results for the six months ended 30 June 2026, covering the performance of the company and its subsidiaries. The announcement confirms that the interim report complies with Ho...
Flat Glass Group Schedules Board Meeting to Review Interim Results and Potential Dividend
Flat Glass Group Co., Ltd. has scheduled a board meeting for 25 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider whether to recommend an interim dividend, signaling a...
Flat Glass Group to Fully Acquire Shanghai Fulai Ruicheng in Connected Deal
Flat Glass Group Co., Ltd., a Hong Kong-listed Chinese flat glass producer, is deepening control over its operating entities as part of its ongoing consolidation strategy. The group, controlled by chairman Ruan Hongliang and related parties through a...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 01, 2026