Revenue by Segment:

• Solar Glass: 70%
• Architectural Glass: 20%
• Other Glass Products: 10%

TOP 3 Markets:

• China: 45%
• Europe: 30%
• USA: 15%

The Flat Glass Group Co., Ltd. generates the majority of its revenue from the solar glass sector, driven by the increasing demand for renewable energies and solar technologies. The domestic market of China remains the largest market share, followed by Europe and the USA, which also represent significant markets for the company's products. The distribution of market shares reflects the global demand for solar glass, especially in regions heavily investing in renewable energies.

Production Sites:

• China
• Vietnam

Flat Glass Group Co., Ltd. mainly produces in China, where several of its production facilities are located. In addition, the company has expanded its production capacity through a plant in Vietnam. This geographical diversification enables Flat Glass Group to efficiently serve both local and international markets.

Revenue Growth: Estimated at 10-12% annually (2025 based on trends)

Market Expansion: Focus on international markets, especially Europe and North America

Flat Glass Group Co., Ltd. is pursuing a growth strategy that is heavily focused on expanding into international markets. The company plans to expand its production capacities to meet the increasing demand for solar glass, particularly in Europe and North America, where the transition to renewable energy is gaining momentum.

Additionally, the company is investing in research and development to develop innovative glass products that are both more efficient and environmentally friendly. These investments are intended to strengthen the competitiveness of Flat Glass Group and secure new market shares.

Another strategic focus is on optimizing the supply chain and improving operational efficiency to reduce costs and enhance margins. This is supported by the use of modern technologies and automation in production.

Main raw materials: Silicon dioxide, soda, limestone

Main importing countries: Australia, Brazil, India

Flat Glass Group Co., Ltd. mainly imports raw materials such as silicon dioxide, soda, and limestone, which are essential for the production of flat glass. These materials are sourced from various countries, with Australia, Brazil, and India being among the most significant suppliers. Australia and Brazil are known for their abundant deposits of quartz sand, which is required for glass production, while India is an important supplier of soda, which serves as a flux in glass manufacturing.

Market share: 12% (2024, estimated)
EBITDA margin: 25% (2024)
Research and development ratio: 5% of revenue (2024)

Flat Glass Group Co., Ltd. has a significant competitive advantage in the production of solar glass, as reflected in their considerable market share of approximately 12%. The strong EBITDA margin of 25% demonstrates the efficiency and profitability of the company compared to competitors.

Another advantage is the continuous investment in research and development, which accounts for about 5% of revenue. These investments enable the company to develop innovative products and adapt to market changes, further strengthening its competitive position.

In addition, Flat Glass benefits from a strong global presence and a diversified customer base, reducing the risk of market fluctuations and supporting the company's stability.

Institutional Investor Share: 45% (estimated, 2025)

Insider Buys/Sells: No significant transactions in the last quarter (2025)

The institutional investor share in Flat Glass Group Co., Ltd. is estimated to be around 45%, indicating a strong trust from institutional investors in the company. These investors play a crucial role in the stability and long-term growth of the company.

There were no significant insider transactions in the last quarter, suggesting that the management is currently not making significant changes to their stake in the company. This can be seen as a sign that the management is satisfied with the current company strategy and performance.

Market share of Flat Glass Group Co., Ltd.: 8% (2025, estimated)

Top competitors and their market shares:

1. Xinyi Solar Holdings Ltd.: 15%
2. First Solar, Inc.: 12%
3. Canadian Solar Inc.: 10%
4. JinkoSolar Holding Co., Ltd.: 9%
5. Flat Glass Group Co., Ltd.: 8%
6. LONGi Green Energy Technology Co., Ltd.: 7%
7. Trina Solar Limited: 6%
8. JA Solar Technology Co., Ltd.: 5%
9. SunPower Corporation: 4%
10. Risen Energy Co., Ltd.: 3%

Moat of Flat Glass Group Co., Ltd.:

Flat Glass Group Co., Ltd. has built a certain moat through specialized production processes and a strong presence in photovoltaic glass production. The focus on cost-efficient manufacturing and high quality standards gives the company an advantage over some competitors.

However, companies like Xinyi Solar and First Solar have significant advantages due to their larger production capacity and broader product range, giving them a stronger moat. These companies also have additional competitive advantages through vertical integration and strong brand presence.

Overall, the moat of Flat Glass Group Co., Ltd. exists, but it is not as pronounced as some of the leading companies in the industry. Strategic partnerships and investments in research and development could help strengthen it.

Revenue Growth: 18% (2024)
Profit Growth: 16% (2024)
Market Share in the Solar Glass Segment: 25% (2024)

In 2024, Flat Glass Group Co., Ltd. experienced strong revenue growth of 18%, driven by the increasing demand for solar glass. The 16% profit growth during the same period indicates that the company operates efficiently and manages its costs well.

With a 25% market share in the solar glass segment, Flat Glass Group is a significant player in the industry. This positions the company strongly in the market, allowing it to benefit from the growing demand for renewable energy.

Furthermore, the company continuously invests in research and development to develop innovative products and expand its production capacities. These strategic initiatives could further support future growth and strengthen competitiveness.

Overall, the financial indicators and market position suggest that Flat Glass Group Co., Ltd. could be an attractive investment opportunity for investors interested in long-term growth.

Dividend Yield: 3.2% (2025, estimated)
Dividend Growth: 5% (last 3 years, estimated)

Flat Glass Group Co., Ltd. has regularly distributed dividends in recent years. The dividend yield is currently around 3.2%, which is considered attractive compared to other companies in the industry.

The company has experienced an average dividend growth of 5% over the last three years. This indicates a certain reliability and a positive trend in dividend payouts. Analysts believe that Flat Glass Group Co., Ltd. will also be able to maintain stable dividends in the future, supported by solid business results and a strong market position.