YOLFTbeta
Flat Glass Group Co. Ltd

Flat Glass Group Co. Ltd

601865 · SHG · Technology / Solar

8.54CNY-0.28 (-3.17%)

Price History

Full chart

Market Stats

Previous Close8.82
Open8.82
Day Range8.53 – 8.88
52-Week Range8.95 – 20.26
Volume15.09M
Market Cap21.37B
P/E (TTM)54.24
Forward P/E20.37
EPS0.17
Dividend Yield1.63%
Beta1.52
50-Day Avg10.02
200-Day Avg13.06

About

Flat Glass Group Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of glass products in the People's Republic of China, the rest of Asia, Europe, North America, and internationally. It operates through PV Glass, Household Glass, Architectural Glass, Float Glass, Mining Products, Electricity Generation Revenue, and Other Business segments. The company is also involved in the mining operations and sale of quartzite ores; investment, construction, operation, and maintenance of energy power plants; and sale and installation of natural gas pipelines. In addition, it offers supply chain management services; operates ports; and exports glass products. Further, the company engages in the development and sale of energy technologies and equipment; energy management; cargo handling and transportation; manufacturing and sale of equipment and non-metallic mineral products; research and development for new materials and technologies; manufacture and sale of photovoltaic glasses; and the construction of solar photovoltaic power stations, as well as the sale of electricity. It serves photovoltaic (PV) module manufacturers, glass processing manufacturers, glass wholesalers, furniture manufacturers and processing companies, furniture retailers, architectural contractors, architectural glass processing companies, and construction companies. Flat Glass Group Co., Ltd. was founded in 1998 and is headquartered in Jiaxing, the People's Republic of China.

Company Details

  • SectorTechnology
  • IndustrySolar
  • CEOMr. Hongliang Ruan
  • Employees7.43K
  • HeadquartersNo. 1999 Yunhe Road, Jiaxing, China, China
  • Websitehttps://www.flatgroup.com.cn

Leadership

  • Mr. Hongliang RuanFounder, Chairman, Chief Executive · b. 1962
  • Ms. Jinhua JiangVice Chairman of the Board · b. 1961
  • Ms. Zeyun RuanPresident, Company Secretary & Executive Director · b. 1987
  • Mr. Yezhong WeiCo-Founder, Exec. Director, Dpty. President, Dpty GM of Dev. Pln Center & GM of the Logistics Dept. · b. 1972
  • Mr. Qifu ShenExecutive Director & Deputy GM of The Industry Park of The Headquarters · b. 1966
  • Mr. Wenrong ZhengCo-Founder & Deputy GM of the Eng. Dept. · b. 1963
  • Mr. Fuquan ShenCo-Founder · b. 1960
  • Mr. Quanming ZhuCo-Founder · b. 1954
  • Mr. Xinhua ChenFounder
  • Mr. Haiming ZouFounder

Financials

Income Statement

Currency: CNY2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.49B2.19B2.83B2.91B2.95B2.97B3.06B4.81B6.26B8.71B15.46B21.52B18.68B15.52B
Growth (%)-+46.94%+29.54%+2.85%+1.28%+0.79%+3.00%+56.89%+30.24%+39.18%+77.44%+39.21%-13.20%-16.93%
Cost of Revenue1.17B1.59B1.90B2.06B1.86B2.15B2.24B3.29B3.60B5.63B12.05B16.86B15.87B13.06B
Gross Profit321.12M594.86M928.33M853.73M1.09B826.12M828.14M1.51B2.66B3.08B3.41B4.66B2.82B2.46B
Gross Margin21.57%27.20%32.77%29.30%36.83%27.77%27.03%31.50%42.43%35.37%22.05%21.66%15.07%15.84%
Operating Expense219.20M253.57M343.64M308.57M323.43M328.46M369.63M668.08M791.32M700.54M1.25B1.61B1.69B842.14M
Operating Income101.92M341.29M584.70M545.16M763.47M497.66M458.52M845.96M1.86B2.38B2.16B3.05B1.13B1.62B
Operating Margin6.85%15.60%20.64%18.71%25.87%16.73%14.97%17.60%29.79%27.33%13.94%14.18%6.05%10.42%
EBITDA263.65M514.99M795.73M776.02M993.84M722.34M713.65M1.25B2.47B2.89B3.71B5.36B3.77B3.64B
EBITDA Margin17.71%23.54%28.08%26.63%33.67%24.28%23.29%25.95%39.38%33.17%23.98%24.88%20.21%23.43%
Net Income59.88M203.62M392.67M433.79M606.04M429.51M407.31M717.24M1.63B2.12B2.12B2.76B1.01B980.57M
Net Income Margin4.02%9.31%13.86%14.89%20.54%14.44%13.29%14.92%26.02%24.33%13.73%12.82%5.39%6.32%
R&D59.89M66.58M129.33M102.52M103.20M96.13M113.25M204.15M284.72M408.42M523.23M596.75M604.79M396.72M
R&D as % of Total Revenue4.02%3.04%4.56%3.52%3.50%3.23%3.70%4.25%4.55%4.69%3.38%2.77%3.24%2.56%
Interest Expense58.74M75.58M80.25M61.55M28.12M10.72M25.79M67.50M82.59M93.40M343.27M590.66M574.80M518.64M
Interest Expense % of Total Revenue3.95%3.46%2.83%2.11%0.95%0.36%0.84%1.40%1.32%1.07%2.22%2.74%3.08%3.34%

Balance Sheet

Currency: CNY2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets3.64B3.95B4.10B4.69B4.47B5.96B6.95B9.39B12.27B20.08B32.38B42.98B42.92B42.68B
Total Liabilities2.11B2.21B2.45B2.11B1.51B2.71B3.28B4.88B5.03B8.27B18.35B20.69B21.14B20.24B
Total Equity1.54B1.74B1.66B2.57B2.96B3.25B3.67B4.51B7.23B11.81B14.03B22.22B21.70B22.02B
Cash125.24M214.17M141.22M921.98M720.61M873.51M498.75M613.00M1.59B2.84B2.93B6.62B5.29B4.01B
Total Debt-1.14B900.10M931.84M335.47M1.07B1.63B2.66B3.11B5.19B12.81B14.99B15.91B15.07B
Net Debt-125.24M923.70M758.88M9.86M-385.14M198.18M1.13B2.05B1.53B2.34B9.88B8.37B10.62B11.06B

Cash Flow

Currency: CNY2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-9.34M553.74M605.43M591.52M1.04B299.81M397.70M510.20M1.70B579.73M176.90M1.97B5.91B2.93B
Investing Cash Flow-289.11M-235.97M-197.87M-147.93M-374.53M-594.11M-1.25B-1.25B-2.37B-3.56B-7.87B-5.82B-5.55B-2.95B
Financing Cash Flow241.58M-228.84M-480.51M337.16M-880.65M553.72M412.66M684.03M1.37B3.95B7.85B7.00B-1.35B-1.22B
Capital Expenditure212.25M207.38M244.72M160.74M394.99M543.37M1.25B1.30B1.95B3.77B8.07B5.61B4.89B2.88B
Free Cash Flow-221.58M346.35M360.71M430.79M646.91M-243.56M-852.31M-791.54M-248.96M-3.19B-7.89B-3.65B1.03B48.37M
Dividends Paid---254.39M261.27M124.25M6.48M140.40M127.05M321.93M741.17M559.62M1.57B335.80M
FCF to OCF2372.93%62.55%59.58%72.83%62.09%-81.24%-214.31%-155.14%-14.63%-550.08%-4462.71%-185.30%17.37%1.65%
Dividend Paid to FCF---59.05%40.39%-51.01%-0.76%-17.74%-51.03%-10.10%-9.39%-15.35%152.96%694.23%

Earnings

Report DateApr 22, 2019Aug 26, 2019Oct 24, 2019Mar 26, 2020Apr 19, 2020Aug 4, 2020Oct 26, 2020Mar 29, 2021Apr 27, 2021Aug 9, 2021Oct 20, 2021Mar 21, 2022Apr 27, 2022Aug 25, 2022Oct 27, 2022Mar 27, 2023Apr 24, 2023Aug 28, 2023Oct 30, 2023Mar 26, 2024Apr 29, 2024Aug 27, 2024Oct 29, 2024Apr 29, 2025Aug 27, 2025Oct 27, 2025Mar 25, 2026Apr 27, 2026Aug 25, 2026
EPS Estimate-----0.110.210.330.110.160.220.230.480.260.320.330.380.240.310.370.380.420.23-0.090.310.07-0.030.110.14
EPS Actual0.060.080.120.090.110.130.180.390.090.190.210.190.200.240.220.290.240.270.390.340.320.32-0.090.050.060.160.150.02-0.18
Surprise-----18.18%-14.29%18.18%-18.18%18.75%-4.55%-17.39%-58.33%-7.69%-31.25%-12.12%-36.84%12.50%25.81%-8.11%-15.79%-23.81%-139.13%155.56%-80.65%128.57%600.00%-81.82%-228.57%
TimingPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hours

Key Statistics & Ratios

Market Cap21.37B
Enterprise Value29.69B
Trailing P/E54.24
Forward P/E20.37
Price / Sales1.47
Price / Book1.00
EPS0.17
Book Value9.35
Revenue (TTM)14.50B
Gross Profit (TTM)2.03B
EBITDA3.12B
Profit Margin2.54%
Operating Margin-11.97%
Return on Equity1.66%
Return on Assets1.45%
Shares Outstanding1.89B
Shares Float1.02B
Beta1.52
Dividend Yield1.63%
Dividend Rate0.15
Payout Ratio88.24%

Dividends

20221×
0.23Nov 23, 2022
20211×
0.15Jun 23, 2021
20201×
0.07Nov 9, 2020
20192×
0.03Dec 23, 20190.04Jul 25, 2019