Xinyi Glass (00868.HK) announced an anticipated 55% to 65% year-on-year decline in consolidated net profit attributable to equity holders for the first half of 2025, compared to RMB 2.5093 billion recorded in H1 2024. The profit warning attributes this decrease to three primary factors. Firstly, the Group's float glass segment experienced continued deterioration in revenue and gross profit during H1 2025, driven by a substantial decline in new property projects across China, persistently weak demand for float glass products, and ongoing price suppression within China's float glass market. Secondly, Xinyi Glass recognized reduced share of profits from its associate company Xinyi Solar Holdings Limited (00968.HK). Finally, the Group recorded increased impairment losses stemming from idle production facilities in China alongside higher disposal losses related to certain domestic manufacturing plants.