The glass industry continues to bottom out, with profit divergence leading companies to seek transformation.

After the "Golden September and Silver October" peak season, the glass industry has yet to emerge from its low-level bottoming phase. Data from the National Bureau of Statistics show that in the first three quarters of this year, national flat glass output was 663.44 million weight cases, down 7% year on year; over the same period, the floor space of completed buildings by real estate development enterprises fell 25.1% year on year. The contraction in demand has been transmitted along the real estate completion chain to glass raw sheets and deep-processing segments, with product prices and corporate profitability under sustained pressure. Judging from the third-quarter reports of listed companies, float, photovoltaic and architectural processed glass enterprises generally face declining revenue and profitability pressure, with some companies turning from profit to loss or seeing losses widen. At the same time, performance divergence driven by different business structures has begun to emerge. Against this backdrop, industry players are also actively pursuing transformation. The transformation paths of glass enterprises mainly point in two directions: first, contracting inefficient and loss-making businesses to reduce the impact of traditional cyclical fluctuations; second, redirecting resources to automotive, electronics, new energy and high-end deep-processed glass and other fields.