Flat Glass's stock plummeted 6.83% during Monday's intraday trading session, reflecting a sharp decline in line with broader weakness across the photovoltaic sector.

The downturn follows the upcoming comprehensive cancellation of the 9% value-added tax export rebate for solar products, effective April 1. Contrary to industry expectations, there was no surge in last-minute export shipments ahead of the policy change, with January and February export data remaining stable. Meanwhile, polysilicon prices have fallen to a new low, with wafer and cell prices also declining, indicating persistently weak market sentiment and a lack of recovery in end-demand. Industry insiders suggest these factors may lead to disappointing financial results for photovoltaic companies in the second quarter.