Shares of FLAT GLASS (06865) surged 5.04% in early trading on Friday, following news of a significant share transfer and the release of the company's third-quarter financial results. The stock's impressive gain comes amid positive developments that have caught investors' attention.

On November 6, a substantial share transfer was reported involving a FLAT GLASS shareholder. The transfer, valued at HK$376 million and representing 7.07% of the company's total shares, saw the ownership change from United Securities to Wing Lung Bank. This move has sparked interest among market watchers, potentially signaling confidence in the company's prospects or strategic realignment of major stakeholders.

Adding to the positive sentiment, FLAT GLASS released its third-quarter results for the period ending September 30, 2025. The company reported a strong revenue growth of 20.95% year-on-year, reaching RMB 4.727 billion. Net profit attributable to shareholders stood at RMB 377 million, with basic earnings per share at RMB 0.16. The robust quarterly performance, particularly in revenue growth, likely contributed to the stock's upward movement as investors responded favorably to the company's ability to increase sales in the current economic environment.

While the Q3 results were encouraging, it's worth noting that the company's year-to-date performance shows some challenges. For the first nine months of 2025, FLAT GLASS reported a 14.66% year-on-year decline in revenue to RMB 12.464 billion, with net profit attributable to shareholders down 50.79% to RMB 638 million. However, the strong Q3 results may indicate a turning point, suggesting that the company is successfully navigating through earlier difficulties. The market's positive reaction reflects optimism about FLAT GLASS's potential for continued improvement in the coming quarters.