The hottest industry shows prosperity, and China h

2022-08-17
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The whole industry reflects the boom. China's glass industry has huge development space

at present, the glass industry is in the boom stage. Since 2009, the production capacity of the industry has gradually rebounded, and its growth rate reached the peak of nearly two years in January this year. At the beginning of this year, there were 209 flat glass production lines across the country. Due to the production of new lines and the resumption of production of production lines, it is expected that the output in the second half of the year will exceed 360million, without changing the software or some boxes of the main machine, and the growth rate will be higher than 15% month on month and year-on-year. The output in July was 50.99 million heavy containers, with a growth rate of 13.98%. At present, the overall output is still in the rising stage

the traditional glass industry is highly cyclical, and the maintenance of profitability is facing challenges. In the sub sectors of the industry, the volatility cycle is separating, and the cyclical volatility of high-end products is much more stable than that of ordinary white glass; Moreover, the technical barriers of such products are high, small enterprises are not easy to enter, and the overall competitive environment is relatively loose. Under the background of the increasingly fierce competition and cyclical impact of ordinary white glass industry, the development of high value-added products plays an increasingly important role in maintaining the profitability of glass enterprises

with the increasing emphasis on energy conservation and emission reduction in China, all kinds of building materials with energy-saving performance will be directly driven. Among glass subdivision products, Low-E glass has significant energy-saving advantages in optical and thermal properties. At present, the utilization rate of Low-E insulating glass and other energy-saving glass in buildings in European and American countries has reached 50%, and that in major developed countries has reached more than 80%. There are more than 600 new material production enterprises in Ningbo, while China is only less than 10%. There is a huge space for development in the future

China glass () was formerly Jiangsu glass, established in 1958; After the acquisition of Hony capital, a major shareholder, it was restructured into China Glass Co., Ltd. in 2004 and listed in Hong Kong in 2005. At the beginning of listing, the company was small in scale, with only two production lines in Suqian, Jiangsu Province; Since 2006, through the strategy of "two growth" (M & a growth and natural growth), the company has gradually grown into one of China's major flat glass manufacturers. At present, it has 17 production lines in 8 cities across the country, has not only established a dense distribution network in China, but also exported its products to more than 80 countries and regions around the world

as a leading high value-added glass manufacturer in China, China glass uses its technical advantages to develop high value-added products with high technical barriers such as coating, energy-saving and new energy glass. Compared with its overall market share of about 20% to 25%, the market share of such products is as high as about 50%. The company is also changing from an ordinary flat glass manufacturer to a manufacturer of energy-saving and new energy glass, and hopes to become one of the largest manufacturers in this field within three years

the company has considerable technical reserves in energy-saving and new energy glass. For example, in energy-saving glass represented by Low-E, the company is the only enterprise in China with LOW-E independent intellectual property rights, and can replicate relevant technologies and processes on new production lines, which is in an absolute leading position in China. In recent years, the company has also used its technical advantages in Low-E products to continuously increase the investment in this kind of production line. In terms of cost, the company has independently developed solid injection technology and adopted low-cost alternative fuels such as petroleum coke, pulverized coal and coke oven gas, which has greatly reduced production costs

it is predicted that the company's operating revenue will reach 5.375 billion yuan in 2012; Maori's liquid crystal materials have increased the long-term cooperation rate with Merck, Zhisuo and Yongsheng huaqinggou, the three major liquid crystal manufacturers in the world, to 32.68%, and the net profit rate has also increased from 6.5% in 2009 to 16.64% in 2012. The most eye-catching at the exhibition site must be their 3D printed aircraft economy class seats. For the first time, we pay attention to and give a "buy" rating. According to the PE valuation, we give a target price of HK $6.5, equivalent to 8 times PE in 2010, with 68.27% room for increase compared with the current price

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