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Flat Glass Group Co., Ltd. (601865.SS)

CNY9.27 +0.02 (+0.22%)
CN SHH Industrials Construction
Address 1999 Yunhe Road
Jiaxing, CN
CEO Hongliang Ruan
IPO 2019-03-13
ISIN CNE100003HV0

Explore sections of this company profile

Also trades on Hong Kong Stock Exchange · 6865.HK (HKD) Other OTC · FGSGF (USD) Shanghai Stock Exchange · 601865.SS (CNY)
Description

Flat Glass Group Co., Ltd., established in 1998 and headquartered in Jiaxing, China, is a prominent global enterprise specializing in the production and distribution of a diverse range of glass products. The company's market reach extends across the People's Republic of China, other Asian regions, Europe, North America, and various international territories. Their core offerings include specialized photovoltaic glass for solar applications, general-purpose float glass, architectural glass for construction, and household glass. Beyond its primary glass manufacturing, the group also engages in several other ventures. These include the extraction of quartzite ores through mining operations; comprehensive involvement in the energy sector covering the investment, construction, operation, and upkeep of power plants; and the advancement of natural gas utilization technologies, coupled with the sale and installation of natural gas pipelines. Additionally, Flat Glass Group provides logistical support through supply chain management services, goods transportation, and acts as a major exporter of its glass products. The company serves a broad spectrum of clients, including manufacturers of PV modules and glass processing firms, glass wholesalers, furniture manufacturers and retailers, architectural contractors, and construction companies.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CNY9.27 +0.02 (+0.22%)
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Volume Profile
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Liquidity & share structure
Average Volume
21M
Beta
1.48
Float Shares
651.77M
Free Float %
28.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.43% -5.97% -13.76% -31.73% -27.76% -25.59% -18.86% -64.69% -61.61% +304.86% +304.86%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
9.27
Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.76
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Construction: +2.5%
    -16.9% Q1'26: -9.9% (vs Q1'25)
  • EPS growth Construction: +11.1%
    -2.3% Q1'26: -64.1% (vs Q1'25)
  • FCF margin FCF growth · Construction: +30.9%
    +1.4% Q1'26: -3.3% (vs Q1'25)
  • EBIT margin Construction: +8.5%
    +10.4% Q1'26: +4.3% (vs Q1'25)
  • ROIC Construction: +6.4%
    +4.6% Q1'26: +1.5% (vs Q1'25)
  • Share dilution Construction: +0.4%
    -0.2% Q1'26: +0.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Construction: 0.05×
    4.15× Q1'26: 23.58× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.49) × ERP
WACC = 64% × Ke + 36% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 9.27
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
11 Rev. Ana.
10 EPS Ana.
Dec 2027
11 Rev. Ana.
6 EPS Ana.
Dec 2028
4 Rev. Ana.
7 EPS Ana.
Revenue
2.95B
est: 3.17B (-6.9%)
2.97B
est: 3.08B (-3.5%)
3.06B
est: 3.15B (-2.8%)
4.81B
est: 4.73B (+1.5%)
6.26B
est: 6.30B (-0.6%)
8.71B
est: 9.81B (-11.2%)
15.46B
est: 14.46B (+6.9%)
21.52B
est: 21.01B (+2.4%)
18.68B
est: 18.56B (+0.6%)
15.52B
est: 16.46B (-5.7%)
15.42B
12.00B – 18.76B
-6.3% YoY
18.31B
14.29B – 25.04B
+18.8% YoY
20.33B
15.84B – 26.42B
+11.0% YoY
EBITDA
993.84M
est: 898.12M (+10.7%)
722.34M
est: 872.91M (-17.2%)
713.65M
est: 892.73M (-20.1%)
1.25B
est: 1.34B (-7.0%)
2.47B
est: 1.78B (+38.2%)
2.89B
est: 2.78B (+4.0%)
3.71B
est: 4.09B (-9.5%)
5.36B
est: 5.95B (-10.0%)
3.77B
est: 4.67B (-19.1%)
3.64B
est: 4.14B (-12.1%)
3.88B
3.02B – 4.72B
-6.3% YoY
4.60B
3.59B – 6.29B
+18.8% YoY
5.11B
3.98B – 6.64B
+11.0% YoY
EBIT
763.47M
est: 644.18M (+18.5%)
509.56M
est: 626.10M (-18.6%)
458.14M
est: 640.32M (-28.5%)
918.22M
est: 961.84M (-4.5%)
2.07B
est: 1.28B (+61.6%)
2.35B
est: 1.99B (+18.0%)
2.40B
est: 2.94B (-18.2%)
3.54B
est: 4.27B (-17.2%)
1.80B
est: 2.93B (-38.7%)
1.62B
est: 2.60B (-37.8%)
2.44B
1.90B – 2.96B
-6.3% YoY
2.89B
2.26B – 3.96B
+18.8% YoY
3.21B
2.50B – 4.17B
+11.0% YoY
Net Income
606.04M
est: 704.75M (-14.0%)
429.51M
est: 584.77M (-26.6%)
407.31M
est: 549.69M (-25.9%)
717.24M
est: 868.13M (-17.4%)
1.63B
est: 1.79B (-9.2%)
2.12B
est: 2.44B (-13.0%)
2.12B
est: 2.37B (-10.3%)
2.76B
est: 2.82B (-2.0%)
1.01B
est: 936.12M (+7.5%)
980.57M
est: 816.72M (+20.1%)
1.06B
756.82M – 1.47B
+30.0% YoY
1.58B
1.13B – 2.20B
+49.0% YoY
2.15B
1.53B – 2.99B
+36.1% YoY
SGA
220.23M
est: 84.51M (+160.6%)
244.05M
est: 82.14M (+197.1%)
241.55M
est: 84.01M (+187.5%)
373.16M
est: 126.19M (+195.7%)
216.40M
est: 167.80M (+29.0%)
301.40M
est: 261.43M (+15.3%)
389.34M
est: 385.31M (+1.0%)
406.94M
est: 560.01M (-27.3%)
373.92M
est: 439.52M (-14.9%)
305.68M
est: 389.66M (-21.6%)
365.10M
284.09M – 444.28M
-6.3% YoY
433.64M
338.33M – 592.91M
+18.8% YoY
481.44M
375.17M – 625.53M
+11.0% YoY
EPS
0.34
est: 0.30 (+12.8%)
0.24
est: 0.25 (-4.0%)
0.23
est: 0.24 (-2.1%)
0.37
est: 0.37 (-0.9%)
0.83
est: 0.77 (+8.2%)
0.99
est: 1.04 (-5.0%)
0.99
est: 1.01 (-2.2%)
1.24
est: 1.20 (+3.0%)
0.43
est: 0.40 (+7.2%)
0.42
est: 0.35 (+20.1%)
0.45
0.32 – 0.63
+30.0% YoY
0.68
0.48 – 0.94
+49.0% YoY
0.92
0.66 – 1.28
+36.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C+ 2/5 1/5 2/5 3/5 2/5 2/5 3/5
2026-05-28 C+ 2/5 1/5 2/5 3/5 2/5 2/5 3/5
2026-05-27 C+ 2/5 1/5 2/5 3/5 2/5 2/5 3/5
2026-05-26 C+ 2/5 1/5 2/5 3/5 2/5 2/5 3/5
2026-05-25 C+ 2/5 1/5 2/5 3/5 2/5 2/5 3/5
2026-05-22 C+ 2/5 1/5 2/5 3/5 2/5 2/5 3/5
2026-05-21 C+ 2/5 1/5 2/5 3/5 2/5 2/5 3/5
2026-05-20 C+ 2/5 1/5 2/5 3/5 2/5 2/5 3/5
2026-05-19 C+ 2/5 1/5 2/5 3/5 2/5 2/5 3/5
2026-05-18 C+ 2/5 1/5 2/5 3/5 2/5 2/5 3/5
2026-05-15 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-14 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-13 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-12 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-11 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-08 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-07 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-06 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-04-30 B- 2/5 1/5 2/5 4/5 1/5 2/5 4/5
2026-04-29 B- 3/5 1/5 2/5 4/5 2/5 2/5 4/5
2026-04-28 B- 3/5 1/5 2/5 4/5 2/5 2/5 4/5
2026-04-27 C+ 2/5 1/5 2/5 4/5 1/5 2/5 3/5
2026-04-24 C+ 2/5 1/5 2/5 4/5 1/5 2/5 3/5
2026-04-23 C+ 2/5 1/5 2/5 4/5 1/5 2/5 3/5
2026-04-22 C+ 2/5 1/5 2/5 4/5 1/5 2/5 3/5
2026-04-21 C+ 2/5 1/5 2/5 4/5 1/5 2/5 3/5
2026-04-20 C+ 2/5 1/5 2/5 4/5 1/5 2/5 3/5
2026-04-17 C+ 2/5 1/5 2/5 4/5 1/5 2/5 3/5
2026-04-16 C+ 2/5 1/5 2/5 4/5 1/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-1.46B
OE per share TTM
-0.58
Owner's Yield
-5.38%
Maintenance CapEx ratio
2,364.58%
Maint CapEx / Avg PPE
118.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 35 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF ASHS 0.09% 33.0K 0.65%
2 JPMorgan ETFs (Ireland) ICAV - China A Research Enhanced Index Equity Active UCITS ETF JREC.L 0.09% 19.5K 0.40%
3 HSBC MSCI China A UCITS ETF HMCT.L 0.07% 97.3K 0.30%
4 Franklin FTSE China ETF FLCH 0.01% 19.0K 0.19%
5 Franklin FTSE China UCITS ETF FLXC.L 0.01% 82.8K 0.19%
6 Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing VDEM.L 0.00% 138.2K 0.17%
7 Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating VFEA.L 0.00% 138.2K 0.17%
8 Franklin FTSE Asia ex Japan ETF FLAX 0.00% 1.0K 0.19%
9 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 62.7K 0.26%
10 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 27.8K 0.48%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
208.3K
Shares Outstanding
2.32B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Hongliang Ruan Founder, Chairman, Chief Executive 1M male
Zeyun Ruan President, Company Secretary & Executive Director 1M female
Jinhua Jiang Vice Chairman of the Board 851.3K female
Yezhong Wei Co-Founder, Executive Director, Dpty. President, Dpty GM of Dev. Pln Center & GM of the Logistics Dept. 702.2K male
Qifu Shen Executive Director & Deputy GM of The Industry Park of The Headquarters 673.7K male
Quanming Zhu Co-Founder 280.0K male
Fuquan Shen Co-Founder 280.0K male
Wenrong Zheng Co-Founder & Deputy GM of the Eng. Dept. 280.0K male
Xinhua Chen Founder male
Haiming Zou Founder male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits