China Glass Swings to 2023 Loss on Lower Float Glass Prices

China Glass Holdings (HKG:3300) swung to an attributable loss in the year ended Dec. 31, 2023, despite higher revenue, according to a Tuesday filing with the Stock Exchange of Hong Kong. The glass pro

MT NewswiresMar 27 00:48 ET

China Glass (03300.HK) revenue of 5.308 billion yuan in 2023 increased 23% year-on-year

Gelonghui, March 26, 丨 China Glass (03300.HK) announced that for the year ended December 31, 2023, the Group's revenue was RMB 5.308 billion, an increase of about 23% over the previous year. The Group lost approximately RMB 487 million, a significant decrease from the 2022 annual profit of approximately RMB 102 million. Loss of RMB 24.3292 per share. Losses are mainly affected by the following combination of factors: (1) China's real estate industry continues to recession cycle, causing float glass market prices to be at a low level; (2) market prices of major raw materials and fuel materials fluctuate at a high level; (

Gelonghui FinanceMar 26 11:51 ET

China Glass (03300) announced annual results, shareholders' equity losses of 410 million yuan, year-on-year profit and loss

According to the Zhitong Finance App, China Glass (03300) announced its annual results for the year ended December 31, 2023. The group achieved revenue of 5.308 billion yuan (RMB, same below) during the period, an increase of 22.66% over the previous year; loss attributable to equity shareholders was 410 million yuan, profit due to shareholders during the same period last year, profit of 116 million yuan, year-on-year profit and loss; basic loss per share was 24.3292 points. According to the announcement, the increase in revenue was mainly due to a combination of factors such as an 11% decrease in the average annual sales price compared to last year and a 41% increase in sales volume compared to last year.

Zhitong FinanceMar 26 11:16 ET

CHINA GLASS: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023

Futu NewsMar 26 10:57 ET · Announcements

China Glass to Swing to 2023 Loss

China Glass Holdings (HKG:3300) expects a loss of up to 500 million yuan for the year 2023, as compared to a profit of around 102 million yuan in 2022, a filing posted on the Hong Kong bourse on March

MT NewswiresMar 18 06:46 ET

Changes in Hong Kong stocks | China Glass (03300) continues to rise by more than 6%, and the company expects to achieve annual losses of no more than 500 million yuan, year-on-year profit and loss

China Glass (03300) continued to rise by more than 6%. As of press time, it rose 6.94% to HK$0.77, with a turnover of HK$4.65 million.

Zhitong FinanceMar 17 23:22 ET