HK Stock Market Move | CHINA GLASS (03300) rose over 4% after the results announcement, with a mid-term profit of 51.048 million yuan. The operation of overseas business remains strong.

CHINA GLASS (03300) rose over 4% post-results, and as of the time of writing, is up 1.35%, trading at HK$0.375, with a transaction volume of HK$174,900. On August 18, CHINA GLASS released its six-month results ending June 30, 2026, reporting revenue of 1.247 billion yuan, a year-on-year decrease of approximately 42%. The decline in revenue was mainly due to a 49% drop in the sales volume of glass products, despite an 8% increase in the average selling price. The group reported a profit of 51.048 million yuan, turning a loss into a profit. The announcement stated that the interim profit primarily stems from: the group continuously optimizing its business structure, maintaining good performance in overseas operations, and stabilizing profit levels; while simultaneously implementing an orderly shutdown of loss-making domestic businesses to significantly reduce operational losses; the group accelerated the disposal of redundant assets and resolution of debt risks, steadily liquidating assets from terminated operations, accelerating capital recovery, and revitalizing existing assets to generate additional income for the group.