Ruan Hongliang

Net Worth

$1.961B

-0.68% (24h)

Ruan Hongliang, a prominent figure in the glass manufacturing industry, is the founder and chairman of Flat Glass Group. With an estimated net worth of $2.0 billion as of 2024, Ruan's wealth stems from his company, which specializes in specialized glass products, particularly for solar power applications. His career began in 1998 when he established Flat Glass Group, which is now a dual-listed company in Hong Kong and Shanghai. Ruan's leadership has been instrumental in the company's success and global presence.

The Full Dossier

Early Life

Ruan Hongliang's journey began with the founding of Naibang Trading on June 24, 1998, in Jiaxing, Zhejiang province. Initially, the company was established with a few partners.

Rise to Success

Ruan's Flat Glass Group expanded into the photovoltaic (PV) glass industry in June 2006. The company's expansion was marked by initial losses, but after acquiring certifications, it entered the European market. By 2012, PV glass accounted for 75% of Flat Glass Group's revenue.

Key Business Strategies

The company started in 1998 and is dual-listed in Hong Kong and Shanghai. In 2023, Ruan's daughter, Ruan Zeyun, rose to the position of president. In 2024, Ruan Hongliang added 6 million shares of the company's stock in supplementary pledge, demonstrating his continued commitment to the company.

Philanthropy

Information on Ruan Hongliang's specific philanthropic initiatives is not readily available in the search results.

Career Timeline

2024

Supplementary Pledge of Shares

Ruan Hongliang added 6 million shares of the company's stock in supplementary pledge.

2023

Daughter appointed President

Ruan Zeyun, Ruan's daughter, became president of Flat Glass Group.

2019

Dual Listing on Shanghai Stock Exchange

FGG held its A Share secondary listing on the Shanghai Stock Exchange.

2015

Listed on Hong Kong Stock Exchange

FGG held its H share initial public offering (IPO) on the Hong Kong Stock Exchange.

2006

Expanded into PV Glass Industry

Entered the PV glass market with the establishment of Shanghai Flat Glass.

1998

Founded Flat Glass Group

Established Flat Glass Group (originally Naibang Trading) in Jiaxing, Zhejiang province.