XINYI GLASS (00868) saw its shares rise more than 16%. At the time of writing, the stock was up 16.57%, trading at HK$12.1 with a turnover of HK$161 million. On February 27, the company announced its 2025 annual results, reporting revenue of approximately RMB20.829 billion, a decrease of 6.7% year-on-year. Profit attributable to equity holders was RMB2.729 billion, down 19% compared to the previous year. Basic earnings per share were 62.31 cents. The board recommended a final dividend of 21.5 HK cents per share, a significant increase from the 10 HK cents per share paid in the prior year, representing a 115% rise. The company stated that the decline in revenue was mainly due to lower average selling prices for float glass products in both domestic and overseas markets, as well as reduced sales volume of architectural glass products. The increase in revenue from automotive glass sales was attributed to new purchase orders from Chinese automobile manufacturers and proactive, flexible marketing strategies targeting after-sales customers in domestic and international markets.