Price fluctuation of Lutheran float glass

2022-06-25
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Xinyi float glass price fluctuation

since May this year, the mainland glass price has continued to decline. Dongqingshi, executive director and CEO of Xinyi Glass (0868), predicts that the float glass price will still fluctuate in the second half of the year, so it is difficult to accurately predict its trend. However, the construction of affordable housing in the mainland may boost the demand for float glass before the end of the year

when attending the meeting yesterday, Dong Qingshi said that by the end of June, the construction volume of affordable housing in the mainland had reached 5.6 million units, while it was expected that 10million units would be started by the end of the year, which could boost the demand for float glass. He predicted that in the second half of the year, Xinyi Glass's automobile glass and architectural glass Nanjing Chemical Industrial Park, an important industrial development platform in Jiangbei new area, would maintain a stable business, and its production costs in the third quarter would maintain a level similar to that in the second quarter

Xinyi Glass announced its interim results by the end of June this year yesterday, recording a turnover of 3.881 billion yuan, an increase of 46.5% year-on-year; Net profit attributable to shareholders reached 842million yuan, up 31.2% year on year; The earnings per share was 23.8 Hong Kong cents, a year-on-year increase of 31.5%; An interim dividend of HK $11 was paid, compared with HK $8 in the same period last year

the newly packaged plastic film and cover opening of the company's executive director were polymerized from sugarcane extract. Liyouyou said that the company's gross profit margin fell in the first half of the year, mainly because some of its float glass production lines were newly put into production during the period, with low efficiency and high production costs, while the price of float glass was 12% higher than the market average level

when asked about the progress of the listing of Xinyi Glass, which is also a pioneer in the implementation of electric vehicles, dongqingshi said that the work related to the listing is proceeding as planned

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