Zhi Tong Cai Jing·2025-10-28 01:49Core Viewpoint - 福莱特玻璃 reported strong Q3 performance with significant revenue and profit growth, exceeding market expectations [1] Company Performance - 福莱特 achieved revenue of 4.73 billion yuan in Q3, representing a year-on-year increase of 21% and a quarter-on-quarter increase of 29% [1] - The company reported a net profit attributable to shareholders of 376 million yuan, marking a turnaround from losses and a quarter-on-quarter growth of 143% [1] Industry Insights - 国金证券 noted a significant increase in 福莱特's photovoltaic glass shipment volume in Q3, with expectations of accelerated inventory reduction [1] - By the end of Q3, 福莱特's inventory decreased by 751 million yuan to 1.207 billion yuan [1] - The photovoltaic glass industry has seen a reduction in production capacity, with domestic production capacity dropping to 89,000 tons per day as of July [1] - Despite rising prices in August and September, there has not been a large-scale resumption of production, maintaining low domestic production capacity [1] - The photovoltaic glass segment is experiencing less oversupply compared to other segments, with a notable decline in capacity from previous highs [1]