福莱特玻璃集团股份有限公司2025 年第一季度报告 证券代码：601865 证券简称：福莱特 福莱特玻璃集团股份有限公司 2025 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比上年同 | | | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期 期增减变动幅度 | | | | | (%) | | | 营业收入 | 4,079,288,887.46 | 5,725,831,610.97 | -28.76 | | 归属于上市公司股东的净利 润 | 106,128,157.99 ...

福莱特玻璃集团股份有限公司 董事会提名委员会工作制度 第一章 总则 第一条 为规范福莱特玻璃集团股份有限公司（以下简称"公司"或"本公 司"）董事、高级管理人员的产生，优化董事会组成，完善公司治理结构，根据 《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司治理准则》、《上 市公司独立董事管理办法》、《上海证券交易所股票上市规则》（简称"《上交所上 市规则》"）、《上海证券交易所上市公司自律监管指引第 1 号——规范运作》、《香 港联合交易所有限公司证券上市规则》（简称"《联交所上市规则》"）、《福莱特 玻璃集团股份有限公司章程》（以下简称"《公司章程》"）及其他有关规定，公 司特设立董事会提名委员会，并制定本工作制度。 第二条 董事会提名委员会是董事会下设立的专门工作机构，主要负责对公 司董事和高级管理人员的人选、选择标准和程序进行选择并提出建议。 第二章 人员组成 第三条 提名委员会成员由三名董事组成，其中独立非执行董事占多数。 第四条 提名委员会委员由董事长、二分之一以上独立非执行董事或者全体 董事的三分之一提名，并由董事会选举任命。 程序，对董事、高级管理人员人选及其任职资格进行遴选、审核 ...

福莱特(601865.SH)公告称，2025年第一季度 营业收入40.79亿元，同比下降28.76%；归属于上市公司股 东的 净利润1.06亿元，同比下降86.03%。主要原因是光伏 玻璃销售价格相比上年同期大幅下降。同 时，公司经营活动产生的现金流量净额为1.67亿元，同比下降72.22%，主要是营业收入下降引起的销售 回款减少所致。 ...

事件：公司发布2024年年报业绩，实现营业收入186.83亿元，同比下滑13.20%；归母净利润10.07亿 元，同比下滑63.52%，其中，2024Q4实现营收40.79亿元，同比下降27.67%，归母净利润-2.89亿元，同 比下降136.54%，业绩符合市场预期。 Q4费用率下降，全年现金流稳健。2024年公司期间费用率为7.5% ， 同比增长0.5pct， 其中Q4 费用率环 比下滑3.65pct，主要受益于销售费用和财务费用减少所致；2024年公司经营性现金净流入59.14亿元， 同比增长200.65%，经营性现金充足。 毛利率降至低点，玻璃价格回升有望带动盈利能力修复。 由于产能过剩原因，光伏玻璃价格持续下滑，影响公司盈利水平。2024年公司毛利率15.50%，同比下 滑6.3pct，其中Q4毛利率环比下降3.09pct至2.88%。 产能领先，海外布局加码。截至24年底，公司总产能为19,400吨/天，安徽项目和南通项目将根据市场 情况陆续点火运营，同时，在已有越南2,000吨/日产能的基础上，计划在印度尼西亚投资建设光伏玻璃 窑炉，以满足不同国家和地区对光伏玻璃的需求。 盈利预测及投资建议。2 ...

资本市场的记忆总是短暂的，特别是当行业红利的想象空间被无限放大时，那句券商研报中那句耳熟能详的风险提示——"若行业产能过剩导致产品价格 下降10%，行业整体利润或将翻倍减少"，恐怕早已被投资者置之脑后。 然而，当风险急速而至时，资本狂欢的盛宴注定黯然收场，甚至连"主桌"上的VIP们也都会夺门而逃。正如茨威格在《断头王后》中所写——"所有命运馈 赠的礼物，都已在暗中标好了价格"。 如今，命运齿轮的反转轮到了曾风光无限的光伏玻璃行业。无论是遭遇"投产即亏损"式的窘迫，还是哪些意图抄底的扩产计划无奈搁浅，都无一不正成为 行业狂飙突进后最具反噬意味的注脚。 作为光伏玻璃行业的龙头，福莱特面对的周期"创伤"远不止于此。 业绩首遭"滑铁卢" 一边是与老对手们"贴身肉搏"互相伤害式的行业内卷加剧，另一边是供需长期失衡下导致产业链价格整体持续走低，特别是当季度利润连续亏损时，光伏 玻璃龙头福莱特经历的已不是凛冬行情里的阵痛，而是营收、净利上市以来首次双降的持续性业绩"失血"。 财报显示，2024年，福莱特实现营收186.83亿元，同比减少13.20%；归母净利润10.07亿元，同比暴跌63.52%，创上市以来历史最大降幅；毛 ...

Financial Performance - The net profit attributable to the parent company for 2024 is RMB 1,006,602,737.08, while the net profit for the parent company is RMB 492,787,341.67[6]. - The company's operating revenue for 2024 was RMB 18,682,602,478.36, a decrease of 13.20% compared to 2023[25]. - The net profit attributable to shareholders for 2024 was RMB 1,006,602,737.08, down 63.52% year-on-year[25]. - The basic earnings per share for 2024 was RMB 0.43, a decline of 65.32% from 2023[27]. - The total assets at the end of 2024 were RMB 42,919,798,033.81, a slight decrease of 0.14% from 2023[25]. - The weighted average return on equity for 2024 was 4.55%, a decrease of 10.94 percentage points from 2023[28]. - The company's revenue for 2024 was CNY 18,682.60 million, a decrease of 13.20% compared to the previous year[43]. - Net profit attributable to shareholders was CNY 1,006.60 million, down 63.52% year-on-year[43]. - The company's total assets as of December 31, 2024, were CNY 42,919.80 million, a slight decrease of 0.14% from the previous year[43]. Profit Distribution and Retained Earnings - The undistributed profits at the beginning of the year for the parent company were RMB 2,400,071,368.15, with available distributable profits at the end of 2024 amounting to RMB 1,702,290,170.31 after statutory surplus reserve deductions[6]. - The company plans not to distribute profits for 2024 and will not increase capital using capital reserves, opting instead to use undistributed profits for funding ongoing projects[6]. - For the mid-year 2024 profit distribution, the distributable profit was RMB 2,232,518,718.61, with a cash dividend of RMB 1.30 per 10 shares, totaling RMB 303,348,840.73[132]. - The cumulative cash dividend over the last three accounting years was RMB 2,243,969,043.29, with a cash dividend ratio of 120.01% based on the average net profit of RMB 1,963,024,661.76[135]. - The company's cash dividend policy aims to enhance transparency and protect investors' rights, with a focus on sustainable development and reasonable returns[131]. Audit and Compliance - Deloitte Huayong issued a standard unqualified audit report for the company[5]. - The board of directors and supervisory board members guarantee the authenticity and completeness of the annual report[3]. - The company has no non-operating fund occupation by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[9]. - The company has not reported any significant changes in its registered address or office address[21]. - The company has not faced any delisting risk or bankruptcy reorganization matters[199]. - The company has not violated any court judgments or failed to repay significant debts during the reporting period[200]. Operational Challenges and Market Conditions - The company's gross profit margin has significantly declined due to falling glass prices, particularly in photovoltaic glass[36]. - The company faced challenges in 2024, including a supply-demand imbalance in the industry, leading to some furnaces undergoing cold repairs[36]. - The decrease in revenue was primarily attributed to a decline in photovoltaic glass sales prices in the second half of 2024[45]. - The company anticipates challenges from policy changes and international trade barriers, including a 50% tariff on PV components in the U.S. and increased tariffs in other countries[81]. - The company faces risks from fluctuations in the photovoltaic industry, trade disputes, environmental protection regulations, raw material price volatility, exchange rate fluctuations, safety production, and accounts receivable collection[89][90][91]. Research and Development - The company has over 200 patents related to photovoltaic glass technology, showcasing its strong R&D capabilities[40]. - R&D expenses amounted to 604.79 million RMB, representing 3.24% of total revenue[56]. - The company has a total of 715 R&D personnel, accounting for 9.22% of the total workforce[57]. - The company optimized its R&D system by merging and streamlining some redundant departments, improving the cost-effectiveness of R&D investments[58]. - The company plans to invest in photovoltaic glass furnaces in Indonesia to meet regional demand, aiming to maintain a market share exceeding 50% alongside its main competitor[82]. Corporate Governance - The company maintains complete independence from its controlling shareholders and related parties, with no reliance on them for business operations, and no significant unfair related transactions[96]. - The company has established an independent financial accounting department with a complete financial management system, operates separate bank accounts, and independently makes financial decisions without interference from major shareholders[98]. - The company’s governance structure is compliant with legal and regulatory requirements, ensuring effective operation of the shareholder meeting, board of directors, and supervisory board[98]. - The company is committed to maintaining its independence in all aspects, including assets, personnel, finance, and operations, to protect its interests and ensure sustainable growth[96]. Environmental and Social Responsibility - The company invested approximately 293.81 million yuan in environmental protection during the reporting period[144]. - The company achieved a 10.74% reduction in water consumption per unit of revenue, reaching 6.07 cubic meters per 10,000 yuan[152]. - The company successfully controlled the generation of non-hazardous waste per unit of revenue at 15.73 kg per 10,000 yuan[152]. - The company reduced its comprehensive energy consumption per unit of revenue by 8.41%, achieving 9.58 MWh per 10,000 yuan[153]. - The company installed a rooftop distributed photovoltaic system with a total capacity of 232 MW, expected to reduce greenhouse gas emissions by approximately 124,500 tons annually[153]. Strategic Initiatives and Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[107]. - The company will continue to leverage its financial, technical, and managerial advantages to capitalize on opportunities in the green low-carbon transition[84]. - The company aims to enhance its global brand recognition and influence by collaborating with renowned enterprises in the photovoltaic industry[87]. - The company plans to implement a comprehensive talent acquisition strategy, focusing on recruiting high-level professionals in R&D, management, marketing, and finance over the next few years[87]. - The company is committed to strengthening industry self-discipline to prevent excessive competition and improve supply-demand balance through measures like capacity reduction and price limits[81].

| 证券代码：601865 | 股票简称：福莱特 | 公告编号：2025-028 | | --- | --- | --- | | 转债代码：113059 | 转债简称：福莱转债 | | 福莱特玻璃集团股份有限公司 关于 2024 年度业绩暨分红说明会情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 为便于广大投资者更全面深入地了解福莱特玻璃集团股份有限公司（以下简 称"公司"）2024 年年度的经营成果、财务状况、现金分红等相关情况，根据上 海证券交易所的相关规定，公司于 2025 年 4 月 16 日（星期三）上午 10:00-11:00 通过上海证券交易所上证路演中心（http://roadshow.sseinfo.com/）召开了关 于 2024 年度业绩暨分红说明会，就公司 2024 年年度的经营成果、财务状况及现 金分红的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内就投 资者普遍关注的问题进行了解答。现将有关事项公告如下： 一、本次说明会召开情况 公司已于 2025 年 3 月 28 日通过指 ...

2024 年度報 告 2024 ANNUAL REPORT 2024 目 錄 公司資料 2 五年財務概要 4 管理層討論與分析 5 董事、監事及高級管理層簡歷 24 企業管治報告 28 董事會報告 39 監事會報告 58 獨立核數師報告 60 合併資產負債表 64 母公司資產負債表 66 合併利潤表 68 母公司利潤表 69 合併現金流量表 70 母公司現金流量表 71 合併股東權益變動表 72 母公司股東權益變動表 74 財務報表附註 76 補充資料 259 公司資料 審核委員會 徐攀女士 （主席） 華富蘭女士 （辭任於二零二四年十一月十八日） 吳幼娟女士 杜健女士 （委任於二零二四年十一月十八日） 薪酬委員會 董 事 執行董事 阮洪良先生 （董事會主席） 姜瑾華女士 阮澤雲女士 魏葉忠先生 沈其甫先生 獨立非執行董事 徐攀女士 華富蘭女士 （辭任於二零二四年十一月十八日） 吳幼娟女士 杜健女士 （委任於二零二四年十一月十八日） 監 事 鄭文榮先生 （監事會主席） 沈福泉先生 祝全明先生 鈕麗萍女士 張惠珍女士 徐攀女士 （主席） 阮洪良先生 華富蘭女士 （辭任於二零二四年十一月十八日） 杜健女士 （委任於 ...

Flat Glass Group Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） 香港交易及結算有限公司和香港證券交易有限公司不對本公告的內容負責，不對本公告的準確性 或完整性做任何聲明，也明確不對依賴本公告全部或任何部分內容而產生任何損失負擔任何責 任。 福萊特玻璃集團股份有限公司 （股份代號：6865） 董事會會議日期 福萊特玻璃集團股份有限公司（簡稱「公司」）董事會（簡稱「董事會」），特此宣佈董事會會議將在2025 年4月29日（星期二）舉行，藉以（其中包括）考慮並商討批准公司及其下屬公司截至2025年3月31日止 三個月的未經審計的第一季度業績。 承董事會命 福萊特玻璃集團股份有限公司 阮洪良 董事長 中國浙江省嘉興市 二零二五年四月十五日 在此公告之日起，公司的執行董事為阮洪良先生、姜瑾華女士、阮澤雲女士、魏葉忠先生和 沈其甫先生，公司的獨立非執行董事為徐攀女士、杜健女士和吴幼娟女士。 ...

Core Viewpoint - The company Fuyat has announced a significant decline in its financial performance for 2024, with revenue and net profit experiencing substantial drops due to industry overcapacity and falling prices of photovoltaic glass [1][2][3]. Financial Performance - In 2024, Fuyat reported total revenue of 18.683 billion yuan, a year-on-year decrease of 13.20%, and a net profit of 1.007 billion yuan, down 63.52% [3]. - The fourth quarter of 2024 saw revenue of 4.079 billion yuan, a decline of 27.67%, with a net profit of -289 million yuan, marking a 136.54% decrease in profitability [3]. - The photovoltaic glass segment generated revenue of 16.816 billion yuan, down 14.54%, with an average selling price of 13.30 yuan per square meter, a decrease of 17.59% [3]. Industry Challenges - The photovoltaic glass industry is facing high investment and asset-heavy conditions, with supply-demand imbalances leading to rapid price declines, which are core factors in Fuyat's poor performance [3]. - The company's gross margin for photovoltaic glass was 15.64%, down 6.81 percentage points year-on-year, indicating ongoing pressure on profitability [3][8]. Sales and Market Dynamics - Fuyat's sales volume for photovoltaic glass reached approximately 1.265 billion square meters, showing only a 3.70% increase year-on-year, suggesting stagnation in sales growth despite price declines [3]. - The overseas sales proportion has risen again in 2024 after several years of decline, raising concerns about future performance amid a challenging international environment [5]. Financing and Debt Levels - Since its IPO, Fuyat has raised a total of 12.5 billion yuan through various financing methods, including private placements and convertible bonds, yet its debt ratio remains significantly higher than that of comparable companies [6][7]. - The company has made substantial investments to reduce production costs, including a 3.3 billion yuan acquisition of two raw material mines, but this has not reversed the trend of declining profitability [8].