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HKG:6865

3 stories mentioning HKG:6865Updated 10m ago

Every FINWIRES story that references HKG:6865, newest first.

Asia

Flat Glass to Buy Remaining Stake in Shanghai Fulai Ruicheng New Materials

Flat Glass Group (HKG:6865, SHA:601865) agreed to acquire the remaining 60% equity interest it does not own in Shanghai Fulai Ruicheng New Materials from Jiaxing Yihe Investment for 60 million yuan.The acquisition will give the company, which already owns 40% interest in the target, complete control over it and the ability to steer its R&D priorities, market strategies, and resource deployment.Shanghai Fulai Ruicheng New Materials engages mainly in the R&D and promotion services of new material technologies, as well as sales of glass and optical products and materials and non-metallic minerals and products.

HKG:6865SHA:601865
Asia

Flat Glass Warns of H1 Loss

Flat Glass (HKG:6865, SHA:601865) expects an attributable loss of between 300 million yuan and 400 million yuan for the six months ended June 30, compared with an attributable profit of 261.1 million yuan a year prior, according to a Tuesday bourse filing.The solar glass manufacturer attributed the forecast to operational pressure on its photovoltaic glass business wing, as well as the expected recognition of impairment provisions related to glass furnaces undergoing cold repair and certain photovoltaic glass inventories.

HKG:6865SHA:601865
Asia

Flat Glass' Profit Falls 64% in Q1

Flat Glass' (HKG:6865) profit attributable to owners fell 64% to 38.1 million yuan in the first quarter, from 106.1 million yuan a year earlier, according to a Monday Hong Kong bourse filing.Earnings per share at the solar glass manufacturer came in at 0.02 yuan, compared with 0.05 yuan in the prior-year period.Operating revenue fell 10% to 3.67 billion yuan from 4.08 billion yuan a year earlier.

HKG:6865

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