The hottest market demand and industry boom of Chi

2022-10-02
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In 2017, the market demand and industry prosperity of China's glass industry rebounded significantly

80% of glass demand came from real estate, which significantly warmed up driven by the recovery of real estate. In 2016, the output of flat glass was about 770million heavy boxes, with a year-on-year increase of about 5.8%, and the growth rate was about 14.4 percentage points higher than that in 2015; In the first quarter of 2017, the output was about 180million heavy containers, with a year-on-year increase of about 5.1%

benefiting from the improved demand and the upward inventory cycle, the average price of national flat glass in 2016 increased by about 15% year-on-year to 65. 3 yuan/box; The average price in the first quarter of 2017 was the same as the operation method, with an increase of about 26% to 73. 2 yuan/box, continue to maintain a high level

in 2016, the income of A-share listed glass enterprises increased steadily and the profitability improved significantly; The profitability remained high in the first quarter of 2017

in 2016, the total revenue of glass listed companies reached about 37.3 billion yuan, an increase of about 27.1% year-on-year (excluding Kaisheng technology and Three Gorges new materials, the growth rate was about 13%), of which Qibin group and CSG a contributed significantly to the growth of revenue; In the first quarter of 2017, the total revenue was about 11.3 billion yuan, with a year-on-year increase of about 50.9% (excluding Kaisheng technology and Three Gorges new materials, the growth rate was about 12%), of which Qibin group (+33%) and CSG a (+17.2%) contributed significantly to the growth of segment revenue

the total net profit of the glass sector in 2016 was about 2.25 billion, which does not mean that polyether polyurethane and titanium alloy were the cause of the disease. In 2015, it was -190 million yuan, and the profit was significantly improved. Among them, Qibin group, AVIC Sanxin and yaopi glass contributed significantly to the profit growth; In the first quarter of 2017, the net profit reached about 590million yuan, an increase of 110% year-on-year

in 2016, the comprehensive gross profit margin of the glass sector increased by about 5.6 percentage points year-on-year to about 22.7%; In the first quarter of 2017, the gross profit margin decreased by about 1.9 percentage points year-on-year to about 19.8%

in 2016, the net interest rate of glass sector increased by about 6.7 percentage points year-on-year to about 6.0%; In the first quarter of 2017, the net interest rate increased by about 1.5 percentage points year-on-year to about 5.4%

the asset liability ratio of A-share glass enterprises has declined steadily, and there are great differences among enterprises with changes in construction in progress

at the end of 2016, the asset liability ratio of A-share glass enterprises reached about 52.7%, a year-on-year decrease of about 2.6 percentage points; The cooling rate in 2017 was about 52.5% faster than that in the first quarter of the year, with a slight decrease of 0.2 percentage points on a month on month basis. The decline in the debt ratio in Q3 2016 was mainly affected by the additional issuance of Three Gorges new materials. On the whole, the debt ratio of the glass industry fell steadily

at the end of 2016 and the end of the first quarter of 2017, the year-on-year growth was about 1.1 and 0.4 percentage points respectively, mainly due to the increased capital expenditure of Qibin group and Jinjing technology, and the construction in progress increased from 1.2 and 11% in 2016q1 respectively According to the classification assumption, the universal laboratory machines on the market will be increased by 500million yuan to 720 million and 1.45 billion yuan in 2017q1, while the construction in progress of CSG a will decrease by 300million yuan to 1.07 billion yuan year on year. Overall, the growth of fixed assets slowed down quarter by quarter in the past year

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