China Glass Holdings Limited (stock code: 03300) forecasts a net loss of no more than RMB5.80 billion for the year ended 31 December 2025, a sharp deterioration from the RMB964.00 million loss recorded in 2024.

The projected shortfall—an increase of approximately RMB4.80 billion year-on-year—is mainly attributed to prolonged weakness in China’s flat-glass market. Management cites a “deep adjustment” in the domestic property sector and a slowdown in the photovoltaic segment, which together have depressed selling prices while elevating production costs.

Operational Impact • Domestic gross margins fell significantly, prompting the suspension of several glass production lines during 2025. • Following a comprehensive review, the Group booked impairment provisions of about RMB4.60 billion against certain suspended production assets.

Liquidity and Mitigation Measures Management plans to: • Strengthen working-capital controls and implement further cost-reduction initiatives. • Pursue financial support from shareholders, investors, local governments, banks and other lenders. • Cautiously expand into overseas markets to diversify revenue streams and reinforce core competitive advantages.

The figures are based on unaudited management accounts and may change upon final audit. The full FY2025 results are expected by end-March 2026. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.