Follett Glass (06865) announced interim results with net loss of 363 million yuan year-on-year profit to loss

According to the Zhitong Finance App, Follett Glass (06865) announced its 2026 interim results. The group achieved operating revenue of 6.668 billion yuan, a year-on-year decrease of 13.81%. Net loss attributable to owners of the parent company was 363 million yuan, a year-on-year change of profit to loss. The basic loss per share was $0.16.

For the six months ended June 30, 2026, the Group's gross margin was 8.18%, down 5.87 percentage points from 14.05% in the same period last year. The decline in gross margin is mainly dominated by the narrowing of the gross margin of the photovoltaic glass business. The core drivers are as follows: 1. The phased imbalance in the industry's supply and demand pattern compounded the escalation of trade barriers, leading to a sharp year-on-year decline in the average price of photovoltaic glass, putting pressure on profit margins; 2. The Group continues to consolidate cost competitiveness and partially relieve profit pressure through quality and efficiency improvement measures such as process upgrades and production efficiency optimization.