Kibing Group released its 2026 interim report on August 30. Affected by weakening real estate completions and supply-demand imbalances in the photovoltaic industry, core product prices came under pressure, and the company recorded a phased loss during the reporting period. Net profit attributable to the parent company was negative 167 million yuan, turning from profit to loss year-on-year, a decline of 118.76 percent. Net profit after deducting non-recurring items was negative 333 million yuan, down 186.30 percent year-on-year. Operating revenue for the reporting period was 7.213 billion yuan, down 2.44 percent year-on-year, and net cash flow from operating activities was 120 million yuan, down 62.48 percent year-on-year. The company's business covers float glass, energy-saving architectural glass, photovoltaic glass, and high-performance electronic glass. Float glass saw both volume and price declines, while photovoltaic glass sales increased but prices fell below the cash cost line. Administrative expenses surged 2117.90 percent year-on-year, mainly because the previous year's partner shareholding plan failed to meet targets and reversed expenses. Asset impairment losses were 68.37 million yuan, and credit impairment losses were 35.37 million yuan. The company is advancing a private placement plan to enter the high-end electronic glass track. Going forward, attention should be paid to glass price trends, capacity clearance progress, and the implementation of new projects.
Zhuzhou Kibing Group Co LtdNet profit turned to loss, down 118.76% year-on-year, with core product prices under pressure.
Flat Glass Group Co. Ltd