Follett Glass (06865) issued a profit warning. Net profit for the 2024 fiscal year is expected to decrease 61-66% year over year to 0.938 billion-1.076 billion yuan.
The Zhitong Finance App learned that CITIC Lyon released a research report saying that it is expected that with production cuts, expansion delays, and inventory elimination, supply and demand in the solar glass industry will balance in the first half of 2025. Float glass is still the first choice in the field of solar energy.
According to the report, Follett Glass (06865) issued a profit warning. The net profit for the 2024 fiscal year is expected to decrease 61-66% year on year to 0.938 billion yuan, and the net loss for the fourth quarter was 0.22 billion-0.358 billion yuan, which is better than the bank's expectations and the expectations of domestic investors. The reason is that impairment losses for the fourth quarter of 2024 were lower than expected and cost control was better.
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