Shanghai Yaohua Pilkington Glass Group (600819.SH) released its performance forecast for the first half of 2024, expecting to achieve a net income of approximately 62 million yuan attributable to the owners of the parent company from January to June 2024, an increase from the same period last year and a reversal of losses to profits. It is expected to achieve a net income of approximately 51 million yuan attributable to the owners of the parent company, after deducting non-recurring profits and losses, from January to June 2024.
It is reported that in the first half of 2024, the company continued to deepen its business strategy of "upstream and downstream integration, product differentiation," adjusting the product structure of float glass sector and promoting cost reduction measures, achieving a significant profit increase compared to the same period last year; the architectural processed glass sector implemented differentiated competition, and the profit level remained stable and rose moderately; the automotive glass sector implemented upstream and downstream integration, and the profit level was actively improving. Following the national strategic policy of low-carbon energy conservation, the company launched and increased the production and sales of high value-added products such as TCO glass for photovoltaic and cadmium telluride thin-film solar power generation, ultra-thin CSP glass for photothermal power generation, and ultra-thin online coating low-radiation energy-saving automotive glass to increase sales.