China Glass Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 December 2022. The group expects its net profit to decrease from approximately RMB 801.947 million for the year ended 31 December 2021 to a range of approximately RMB 80 million to RMB 110 million for the year ended 31 December 2022. Such decrease was mainly attributable to the combined effect of factors such as: the downturn of the domestic real estate industry in the mainland of China, leading to pressure on the demand of float glass and the decrease of price of float glass compared to the corresponding period in 2021; and the spread of the epidemic, geopolitical conflicts abroad, and the escalation of global inflation, which led to a sharp increase in the prices of principal raw and fuel materials and the production cost of float glass compared to the corresponding period in 2021.
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5-day change | 1st Jan Change | ||
0.66 HKD | -1.49% |
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+1.54% | 0.00% |
Jun. 07 | China Glass Unit to Sell, Lease Back PV Glass Furnace, Machinery | MT |
Jun. 06 | China Glass Unit to Sell, Lease Back Production Line Machinery and Equipment | MT |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
0.00% | 155M | |
-19.04% | 2.12B | |
-38.52% | 1.76B | |
-9.16% | 1.73B | |
-13.62% | 1.13B | |
+60.21% | 722M | |
-0.94% | 633M | |
-26.42% | 588M | |
-17.49% | 478M | |
-35.27% | 420M |
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- China Glass Holdings Limited Provides Preliminary Unaudited Consolidated Group Earnings Guidance for the Year Ended 31 December 2022