Flat Glass Group (6865) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue fell 23.12% YoY to RMB9.58bn; net loss attributable to owners was RMB835.8m, versus profit of RMB637.6m in 9M 2025.

• Q3 revenue declined 38.36% YoY to RMB2.91bn, with an attributable net loss of RMB472.7m.

Financial highlights

• 9M operating costs were RMB9.19bn versus RMB10.58bn a year earlier; total operating costs were RMB10.36bn versus RMB11.63bn.

• 9M total loss was RMB979.3m versus total profit of RMB758.7m in 9M 2025; net loss was RMB835.6m.

• Excluding non-recurring items, attributable net loss was RMB881.0m for 9M and RMB504.5m for Q3; reported attributable losses were RMB835.8m and RMB472.7m, respectively.

• 9M asset impairment loss was RMB341.0m, compared with RMB172.1m in 9M 2025.

Segment performance

• Solar-glass sales volume declined, contributing to lower operating revenue and costs; no segment-level results were included in the reported figures.