Shares of FLAT GLASS (06865) surged 5.04% in Friday's pre-market trading, following news of a significant share transfer and the release of the company's third-quarter financial results. The stock's upward movement comes amid mixed financial performance and a notable ownership change.

On November 6, a substantial share transfer took place, with shares valued at HK$376 million, representing 7.07% of the total shares, being moved from United Securities to Wing Lung Bank. This transfer has sparked investor interest, potentially signaling confidence in the company's prospects from institutional investors.

Adding to the positive sentiment, FLAT GLASS reported robust third-quarter results for the period ending September 30, 2025. The company saw its Q3 revenue climb to RMB 4.727 billion, marking a significant year-on-year increase of 20.95%. Net profit attributable to shareholders for the quarter reached RMB 377 million, with basic earnings per share at RMB 0.16. The strong quarterly performance, particularly in revenue growth, appears to be a key driver behind the stock's surge.

However, it's worth noting that the company's performance over the first nine months of 2025 shows a different picture. Revenue for this period totaled RMB 12.464 billion, down 14.66% year-on-year, while net profit attributable to shareholders declined by 50.79% to RMB 638 million. Despite these mixed results, investors seem to be focusing on the positive Q3 numbers and the implications of the large share transfer, driving the stock's pre-market rally.