Flat Glass Group Co (6865) AI Stock Analysis

• Market Cap: $34.50B
• Dividend Yield: 3.63%
• Average Volume (3M): 4.09M
• Price to Earnings (P/E): 54.6
• Beta (1Y): 0.89
• Revenue Growth: -22.88%
• EPS Growth: -89.15%
• Country: HK
• Employees: 7,759
• Sector: Industrials
• Sector Strength: 90
• Industry: Construction
• EPS (TTM): 0.05
• Shares Outstanding: 441,715,000
• 10 Day Avg. Volume: 3,178,581
• 30 Day Avg. Volume: 4,085,696
• PEG Ratio: 0.00
• Price to Book (P/B): 2.55
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.53
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $7.85
• Price Target Upside: -8.63% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 4

• Rating: 59 Neutral
• Price Target: ―

Flat Glass Group Co's overall stock score reflects a combination of stable financial performance and strong dividend yield, tempered by bearish technical indicators and a challenging revenue environment. While profitability remains robust, the stock is currently under pressure from market momentum, necessitating caution. Investors may find the dividend yield appealing, but should be wary of the potential downside from declining revenues and high leverage.

Flat Glass Group Co Business Overview & Revenue Model

Company Description

Flat Glass Group Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of glass products in the People's Republic of China, the rest of Asia, Europe, North America, and internationally. The company offers photovoltaic glass, float glass, architectural glass, and household glass products It is also involved in the mine of a quartzite ores; investment, construction, operation, and maintenance of energy power plants; development of natural gas utilization technology; and sale and installation of natural gas pipelines. In addition, it offers supply chain management services; transports goods; and exports glass products. The company serves PV module manufacturers, glass processing manufacturers, glass wholesalers, furniture manufacturers and processing companies, furniture retailers, architectural contractors, architectural glass processing companies, and construction companies. Flat Glass Group Co., Ltd. was founded in 1998 and is headquartered in Jiaxing, the People's Republic of China.

How the Company Makes Money

Flat Glass Group Co generates revenue through the manufacturing and sale of various flat glass products. The company's key revenue streams include supplying glass for automotive use, where it provides essential materials for windshields and windows, and for architectural applications in commercial and residential buildings. Additionally, the company's focus on solar energy contributes to its earnings by providing specialized glass for solar panels, which is increasingly in demand due to the global shift towards renewable energy sources. Strategic partnerships with automotive manufacturers and construction firms, as well as investment in research and development to improve glass technology and energy efficiency, are significant factors contributing to its financial performance.

Flat Glass Group Co Financial Statement Overview

Summary

Flat Glass Group Co exhibits strong profitability metrics and a solid equity base, indicating a stable financial position. However, the recent decline in revenue and increased leverage could present challenges moving forward. Management should focus on improving revenue growth and managing debt levels to safeguard financial health.

Income Statement

Revenues have shown a decline in the latest period with a decrease from the previous year's figures, indicating potential market challenges. Despite this, the company maintains a strong gross profit margin of 15.08% and a net profit margin of 5.39% for 2024, reflecting stable operational efficiency. However, the EBIT and EBITDA margins have decreased, which suggests pressures on operating costs.

Balance Sheet

The balance sheet displays a healthy equity ratio of 50.55%, indicating a strong equity base relative to total assets. However, the debt-to-equity ratio is relatively high at 0.69, which could pose risks if leverage increases further. Return on Equity (ROE) is at 4.64%, which is moderate but shows room for improvement.

Cash Flow

The cash flow statement shows a significant operating cash flow which is a positive sign of cash generation from core activities. However, free cash flow has been volatile, and the free cash flow growth rate shows a concerning decrease. The operating cash flow to net income ratio is relatively strong, suggesting good cash earnings quality.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
18.68B	21.52B	15.46B	8.71B	6.26B
	Gross Profit
2.82B	4.69B	3.41B	3.09B	2.91B
	EBIT
1.13B	3.05B	2.16B	2.38B	1.86B
	EBITDA
3.77B	5.48B	3.80B	2.89B	2.36B
	Net Income Common Stockholders
1.01B	2.76B	2.12B	2.12B	1.63B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
5.96B	6.85B	2.93B	3.04B	1.99B
	Total Assets
42.92B	42.98B	32.38B	20.08B	12.27B
	Total Debt
15.04B	14.99B	12.81B	5.19B	3.11B
	Net Debt
9.74B	8.37B	9.88B	2.34B	1.53B
	Total Liabilities
21.14B	20.69B	18.35B	8.27B	5.03B
	Stockholders Equity
21.70B	22.22B	14.03B	11.81B	7.23B
Cash Flow		Free Cash Flow
1.03B	―	―	―	―
	Operating Cash Flow
5.91B	1.97B	176.90M	579.73M	1.70B
	Investing Cash Flow
-5.55B	-5.83B	―	―	―
	Financing Cash Flow
-1.35B	7.00B	7.85B	3.95B	1.37B

Flat Glass Group Co Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 8.59
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6865, the sentiment is Neutral. The current price of 8.59 is above the 20-day moving average (MA) of 8.46, below the 50-day MA of 8.88, and below the 200-day MA of 11.25, indicating a neutral trend. The MACD of -0.15 indicates Negative momentum. The RSI at 55.41 is Neutral, neither overbought nor oversold. The STOCH value of 93.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:6865.

Flat Glass Group Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8646	69 Neutral	HK$130.81M	5.31	6.42%	―	10.06%	-45.88%
Sector *	66 Neutral	$4.52B	12.34	5.41%	3.62%	4.15%	-12.18%
6865	59 Neutral	$34.50B	54.56	1.56%	3.63%	-22.88%	-89.15%
LUG		€567.56M	―	-17.32%	―	―	―

Flat Glass Group Co Corporate Events

Flat Glass Group Reports Sharp Decline in Q1 2025 Financial Performance

Flat Glass Group Co., Ltd. reported a significant decline in its financial performance for the first quarter of 2025, with revenue dropping by 28.76% and net profit attributable to equity owners plummeting by 86.03% compared to the same period last year. This downturn reflects challenges in the market and may impact the company’s operations and stakeholder confidence.

Flat Glass Group Co. Enhances Governance with New Nomination Committee

Flat Glass Group Co., Ltd. has established a Nomination Committee to streamline the selection process for directors and senior management, aiming to enhance its board’s composition and governance structure. This move is intended to ensure that the board’s skills and experience align with the company’s strategic goals, thereby strengthening its industry positioning and operational efficiency.

Flat Glass Group Terminates 2021 A Share Option Incentive Scheme

Flat Glass Group Co., Ltd. announced the termination of its 2021 A Share Option Incentive Scheme due to significant changes in its internal and external environment, which hindered the achievement of expected incentive goals. The decision aims to better motivate the core team and protect the interests of employees and shareholders. The termination is compliant with relevant laws and will not materially impact the company’s operations or financial condition. The company will proceed with the cancellation of 3,147,284 outstanding share options and will not adopt another incentive scheme within three months of the announcement.

Flat Glass Group Schedules Board Meeting to Review Quarterly Results

Flat Glass Group Co., Ltd. has announced that its board of directors will convene on April 29, 2025, to review and approve the company’s unaudited first quarterly results for the period ending March 31, 2025. This meeting is a significant event for the company as it will provide insights into its financial performance and operational progress, potentially impacting its market positioning and stakeholder interests.

Flat Glass Group Announces Upcoming Board Meeting for Annual Results

Flat Glass Group Co., Ltd. has announced that its board of directors will meet on March 27, 2025, to consider and approve the audited annual results for the year ending December 31, 2024. The meeting will also discuss the recommendation for the payment of a final dividend, which could impact shareholder returns and reflect the company’s financial health.