Photovoltaic Glass supply exceeds demand, Flat Glass Group's net profit shrinks by over 1.6 billion yuan in 2024 | Interpretations

1. Flat Glass Group expects the net income attributable to shareholders in 2024 to decrease by 1.684 billion yuan to -1.822 billion yuan, a year-on-year reduction of 61%-66%; 2. The main reason for the decline in net income is the oversupply of Photovoltaic Glass in the second half of 2024, leading to a significant price drop; 3. Flat Glass Group experienced net income losses in both Q3 and Q4 of last year.

cls.cnJan 23 05:45 ET

Float glass and Photovoltaic Glass gross margin under pressure, Zhuzhou Kibing Group expects a decline of over 80% in net profit after deducting non-recurring items in 2024 | Interpretations

① Zhuzhou Kibing Group expects a 85.56%-81.35% decrease in net income for 2024; ② The company previously stated that the main factors severely dragging down performance are the float glass and Photovoltaic Glass businesses.

cls.cnJan 16 10:54 ET

Over 30 photovoltaic companies will start controlling production capacity next month, and the industry is expected to usher in a turning point at the bottom.

Multiple photovoltaic module battery industry insiders confirmed to the Star Daily reporter that they have participated in signing a self-discipline agreement. Among them, a photovoltaic enterprise executive disclosed: "More than 30 enterprises have signed the self-discipline agreement this time. According to the signed self-discipline agreement, production capacity will be controlled starting from next month, and each company has quotas."

cls.cnDec 8, 2024 19:04 ET

The annual conference of the photovoltaic industry will be held. Analysts state that the price bottom of the industry has already been clarified.

① The China Photovoltaic Industry Association will hold the "2024 Photovoltaic Industry Annual Conference" in Yibin City, Sichuan Province from December 4 to 6. ② Xu Baiqiao from Haitong International Securities stated that the industry is currently in a stage of clearing and adjustment. As the end of the year approaches, the concentration of signing orders may increase, leading to potential price fluctuations. However, the overall room for decline is limited, the price bottom is already clear, and the photovoltaic industry is accelerating its return to order.

cls.cnDec 3, 2024 19:02 ET

Shandong pharmaceutical glass: October sales performance better than Q3 average level, current overall costs remain relatively stable | Direct hit earnings conference

①Regarding the situation in Q4, Zhang Jun, the General Manager of shandong pharmaceutical glass, stated that the declining business in Q3 has shown some improvement. According to the current situation, it is expected that Q4 will be better than Q3; ②In terms of costs, while the price of the main raw material caustic soda has decreased, energy prices have risen, resulting in overall costs remaining stable.

cls.cnNov 5, 2024 00:31 ET

Share buyback shareholding loans quickly landed! ICBC, BOC, ABC, CMB, CITIC and other first batch of multiple banks announced progress. Some banks have already shown cooperation intentions with nearly a hundred listed companies.

1. As of now, Bank of China has reached cooperation intentions with nearly a hundred listed companies, with 32 listed companies explicitly promised loans, covering multiple industries such as integrated circuits, transportation, high-end manufacturing, and business services; 2. The banks stated that they will strictly adhere to the risk compliance bottom line, rigorously prevent crediting funds that do not meet the conditions of stock increase stake & buyback and refinancing policies from illegally flowing into the stock market.

cls.cnOct 21, 2024 03:54 ET