Follett Glass (06865) expects a loss of 320 million yuan to 420 million yuan year-on-year profit and loss attributable to the owner of the parent company after deducting non-recurring profit and loss in the medium term

Zhitong Finance App News, Follett Glass (06865) issued an announcement. Based on a preliminary review of the Group's unaudited comprehensive management accounts for the six months ended June 30, 2026 (reporting period) and the information currently obtained by the board of directors, it is estimated that (i) during the reporting period, the amount of losses attributable to the owners of the parent company will be RMB 300 million to RMB 400 million, while the net profit attributable to the owners of the parent company during the reporting period after deducting non-recurring profit and loss amounts to RMB 261 million; (ii) The amount of non-recurring profit and loss attributable to the owners of the parent company during the reporting period is RMB 261 million; (ii) The amount of losses attributable to the owners of the parent company during the reporting period after deducting non-recurring profit and loss is RMB 261 million; (ii) The amount of loss attributable to the owner of the parent company during the reporting period after deducting non-recurring profit and loss is RMB 261 million; (ii) The amount of loss attributable to the owner of the parent company during the reporting period RMB 320 million to RMB 420 million, while net profit attributable to owners of the parent company after deducting non-recurring gains and losses for the six months ended June 30, 2025 was RMB 227 million.

The expected loss is mainly due to the combined effects of the following factors:

During the reporting period, due to overall fluctuations in the photovoltaic industry, the operation of the company's photovoltaic glass business division was under pressure. According to preliminary estimates, the company's net profit attributable to shareholders of listed companies is expected to lose during this period. This loss was mainly due to a combination of factors such as the phased imbalance between supply and demand in the industry and the continued decline in sales prices. It was a phased effect brought about by industry adjustments;

The company is preparing for depreciation of cold-repaired glass kilns and some photovoltaic glass inventories. During the reporting period, the company's net profit is expected to lose due to structural adjustments and phased overcapacity in the photovoltaic industry. Despite this, the company maintains a strong comprehensive competitive advantage in the field of photovoltaic glass. At the financial level, the company has long adhered to a steady operating strategy, a healthy balance sheet, and sufficient capital reserves.