Ge Long Hui·2026-02-27 15:00Core Viewpoint - Xinyi Glass (00868.HK) reported a decline in revenue and profit for the year ending December 31, 2025, indicating challenges in the glass manufacturing sector, particularly due to falling average selling prices (ASP) of float glass products [1] Financial Performance - Revenue for the year reached 20.829 billion RMB, a decrease of 6.7% year-on-year [1] - Gross profit amounted to 6.482 billion RMB, down 10.4% compared to the previous year [1] - Profit attributable to equity holders was 2.729 billion RMB, reflecting a 19.0% decline year-on-year [1] - Basic earnings per share were 0.6231 RMB, with a proposed final dividend of 0.215 HKD per share [1] Profitability Metrics - Gross margin slightly decreased from 32.4% to 31.1%, primarily due to the drop in ASP of float glass products [1]