China Glass Holdings(03300.HK): Expected to Swing to Profit in Interim Period, Net Profit Forecasted at RMB 35 Million to RMB 65 Million

NewTimeSpace · 2026/07/27 17:23 · By Zeyu Wu

NewTimeSpace News: China Glass Holdings disclosed in an announcement dated 27 July that the Group expects to record a net profit of approximately RMB 35 million to RMB 65 million for the six months ended 30 June 2026, swinging from a loss of around RMB 318.7 million in the corresponding period last year.

NewTimeSpace News: On 27 July 2026, China Glass Holdings(03300.HK) issued a positive profit forecast. It anticipates booking a net interim profit ranging from RMB 35 million to RMB 65 million, in contrast to a loss of roughly RMB 318.7 million recorded in the same period of the previous year.

As stated in the announcement, the turnaround to profitability is primarily attributable to the Group’s continuous optimisation of its business portfolio. Profitability from overseas operations remained stable, while orderly shutdowns of loss-making domestic divisions substantially cut operating losses. Meanwhile, the Group accelerated the disposal of redundant assets and resolution of debt risks, unlocking existing assets to generate other income.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.

Tags：

China Glass Holdings 03300.HK