HK Stock Market Move | FLAT GLASS (06865) rose nearly 3% as the company plans to repurchase H shares to hold as inventory shares. Last year, the domestic and foreign photovoltaic glass gross profit margin ratio increased.

FLAT GLASS (06865) rose nearly 3%, as of the time of writing, it increased by 2.01% to HK$9.62, with a turnover of HK$97.818 million. On the news front, on April 8, FLAT GLASS announced that based on its strong confidence in the future development prospects of FLAT GLASS Group Limited (the Company) and its high recognition of the Company's value, in order to further protect the interests of shareholders and enhance investor confidence, the Company intends to repurchase its H shares after comprehensive consideration of business development prospects, operating conditions, financial situation, future profit capabilities, and recent performance of the Company's H shares in the secondary market. The repurchased H shares will be held as treasury shares. BOCOM INTL released a research report stating that FLAT GLASS's revenue and profit for the fourth quarter of last year were RMB 31 billion and RMB 3.43 billion respectively, representing a quarterly decrease of 34% and 9%, with a gross profit margin increasing significantly by 7.5 percentage points to 24.3%, exceeding expectations. The bank continued to point out that the proportion of overseas sales in the company's photovoltaic glass revenue in 2025 increased by 9.7 percentage points to 34.7%, with gross profit margins of 11.8% and 24.3% for domestic and overseas sales respectively. The significant increase in high-margin overseas revenue effectively boosted the gross profit margin.