HK Stock Market Move | FLAT GLASS (06865) surged more than 7%, turned a profit year-on-year in the fourth quarter of last year, and significantly improved its gross profit margin.

FLAT GLASS (06865) surged more than 7%, as of the time of writing, it increased by 7.07% to 9.54 Hong Kong dollars, with a turnover of 23.91 million Hong Kong dollars. In terms of news, FLAT GLASS announced its performance for 2025, with a revenue of approximately 15.567 billion yuan, a decrease of 16.68% year-on-year; net profit attributable to the parent company's shareholders is about 981 million yuan, a decrease of 2.58% year-on-year; it is proposed to distribute a final dividend of 0.15 yuan per share (before tax). Looking at the fourth quarter alone, the company achieved a revenue of 3.103 billion yuan in the fourth quarter, a decrease of 23.92% year-on-year; and achieved a net profit attributable to the parent company of 343 million yuan, reversing losses from the previous year. Sinolink pointed out that benefited from the decline in raw material prices, the company's quality improvement and efficiency enhancement, and the increase in the proportion of overseas business, the gross profit margin of the company's photovoltaic glass business increased by 0.47 percentage points year-on-year to 16.11% in 2025; the sales gross profit margin in Q4 2025 was 24.27%, an increase of 21.4 percentage points/7.5 percentage points month-on-month, respectively, it is expected to be mainly due to the decrease in raw material prices and the improvement in glass prices compared to the previous month.