Changes in Hong Kong stocks | China Glass (03300) rose more than 4% after the results, achieved medium-term profit of 51.048 million yuan, and maintained a good trend in overseas business operations

The Zhitong Finance App learned that China Glass (03300) rose more than 4% after the results. As of press release, it had risen 1.35% to HK$0.375, with a turnover of HK$174,900.

According to the news, on August 18, China Glass announced its results for the six months ended June 30, 2026, with revenue of 1,247 billion yuan, a year-on-year decrease of about 42%; the decrease in revenue was mainly due to a 49% decrease in sales volume of glass products, although the average sales unit price increased by 8%. The Group obtained a profit of 51.048 million yuan, turning a loss into a profit.

According to the announcement, medium-term profit is mainly due to the Group's continuous optimization of the business structure, maintaining a good trend in overseas business operations, and maintaining a stable profit level; at the same time, implementing an orderly shutdown of domestic loss-making businesses to drastically reduce operating losses; the Group has accelerated the disposal of redundant assets and debt risk mitigation efforts, steadily disposed of terminated business assets, accelerated return of capital, revitalized existing assets, and brought other benefits to the Group.