Analysis on the development trend of glass industr

2022-08-06
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Analysis on the development trend of the glass industry in recent years after China's entry into WTO, the manufacturing industry has become a new bright spot in China's economy and is expected to become the fastest growing, fastest improving international competitiveness and most benefiting department in the future. However, China's glass industry, as one of the manufacturing industries, has once again faced an industry crisis

glass industry encounters crisis again

in the short decade since 1992, China's glass industry has experienced two serious crises. The first time was from 1995 to 1997. As early as 1992 to 1995, the glass industry was an industrial sector with very good economic benefits. At that time, the cost profit margin of float glass was as high as 138% and the sales profit margin was as high as 100%. Some people joked that the production line of float glass was a money printer. However, driven by interests, A lot of repeated construction and heavy "After several years of reflection and re introduction, the market supply soon exceeded the demand, which eventually led to the decline of glass product prices since the end of 1995, and the benefits of the glass industry began to decline. The price of float glass plummeted from the highest 100 yuan per weight box to 60 yuan per weight box. By 1997, the whole glass industry had a loss of more than 1.3 billion yuan.

in view of this situation, the signal was dealt with by the processor from 1 Since 1997, the building materials department has taken measures to reduce production, such as eliminating backward small glass factories and not allowing new production lines in Malaysia. A total of 240 small glass production lines have been closed and eliminated, reducing the backward production capacity of more than 28 million weight boxes. The total amount of glass has been effectively controlled, the price has risen, and the economic benefits of the enterprise have improved. By 2000, the national flat glass industry had turned losses into profits, achieving a sales revenue of 18.4 billion yuan and a total profit of 16. 900million yuan, with a sales profit margin of 9. A number of large and medium-sized state-owned glass enterprises also got out of trouble this year

the second crisis has occurred since 2001. In 2000, the operating situation of the glass industry improved, and the undercurrent of repeated construction began to surge again. Product prices fell again and again, inventories continued to rise, and the number of loss making enterprises continued to increase. Last year, the average price of glass was 63 yuan per weight box, down 16% from the previous year. From January to April this year, the average price was only 56 yuan, down more than 10% year on year. Take 4mm white float glass as an example. The ex factory price is about 12 yuan per square meter, but the cost is 14 yuan per square meter

according to the inventory statistics of 46 enterprises, the inventory of flat glass at the end of April has increased from 9.05 million weight boxes last year to 14.94 million weight boxes, an increase of 65%. The top state-owned large and medium-sized enterprises in China's flat glass industry, including Luoyang Glass Group, Hunan Zhuzhou Guangming Glass Group, Shanxi Guanghua glass, etc., continued to suffer losses this year after falling into losses again last year. From January to may, the whole industry suffered a net loss of 1. RMB 100million, of which the losses of Chinese owned and state-owned holding enterprises reached 2. 2.9 billion yuan

the main reason for China's glass industry to enter the crisis again is the excessive growth of production capacity caused by a large number of repeated construction. In 1999 and 2000, only seven new float glass production lines were put into operation, increasing the production capacity by 17.25 million heavy boxes. However, in 2001, 15 float glass production lines were put into operation, increasing the production capacity by about 31.4 million heavy boxes, an annual increase of 14%. In 2002 and 2003, the glass output will still maintain a growth rate of more than 10%. According to the calculation of China Glass Industry Association, the average annual growth of China's flat glass consumption is only between 5% and 8%. Compared with the current double-digit growth rate, the supply-demand relationship of glass has gone wrong

the performance of glass listed companies increased steadily

among the listed companies in Shanghai and Shenzhen stock exchanges, there are seven listed companies in the glass manufacturing industry, including three gorges new material, Guodong Construction, Fuyao Glass, Yaohua Glass, yaopi glass and Luoyang Glass, and CSG scientific control. Although the performance of China's glass industry has declined seriously since last year, in sharp contrast to the entire glass industry, the situation of the seven listed companies in the glass manufacturing industry is not very bad. Although the operating performance of some companies has declined to a certain extent, on the whole, there is no crisis

from the operating conditions of these seven companies in recent three years, some have stable performance, and the main business income and main business profit have maintained synchronous growth, such as CSG scientific control, Fuyao Glass and yaopi glass. Some have been affected to a certain extent, and their performance has declined in the leading quarter of this year, such as Three Gorges new material, Yaohua Glass and Guodong Construction. Only the performance of Luoyang Glass declined seriously

from the perspective of this year's leading quarterly reports, although the performance of these seven listed companies is higher than the average level of all listed companies in Shenzhen and Shanghai, compared with the same period last year, they have all declined to varying degrees. However, according to the semi annual report, the operation of the second quarter has improved significantly. In the first half of 2002, the weighted earnings per share of 1204 listed companies in Shenzhen and Shanghai was 0. 0822 yuan. For the seven listed companies in the glass manufacturing industry, four companies' earnings per share are higher than this level. Compared with the same period last year, the interim performance of Fuyao Glass, yaopi glass and CSG scientific control has increased significantly

when the whole glass industry was in crisis, the operating performance of several companies such as CSG scientific control, Fuyao Glass and yaopi glass did not fall into the industry crisis again, mainly due to the adjustment of product structure. Through technical transformation, improve the scientific and technological content of products, and make their products develop from ordinary flat glass to glass deep processing or it glass

CSG scientific control relies on it glass to win. With the aggravation of the vicious competition of "low-grade and low price" in the float glass market, CSG has basically not produced civil glass in the past two years, but led by high-value-added glass such as photoelectric, energy-saving and automobile. The R & D investment of China's manufacturing enterprises is generally low, and the production and marketing are booming by relying on high quality. The 3mm photoelectric scanner glass now accounts for 70% of the domestic market share, and some optoelectronic products of famous foreign brands are also designated to use the original glass of CSG. About 40% of the products are directly or indirectly processed and exported to the United States, Europe, Australia, Hong Kong and other countries and regions. In 2001, when the domestic glass industry market was weak, the operation was difficult, and there were large losses, the company's operating performance reached a new high, an increase of nearly 20% over 2000. This year, you should know that the current vehicle seats have not made much profit. In the first half of the year, the company's operating efficiency further increased

Fuyao Glass is the leader of automotive glass. The focus of structural adjustment is on the deep processing of glass products - automotive glass. In recent years, Fuyao Glass has become the leader of China's automotive glass industry, equipped with the world's most advanced car glass production line and the glass production line with an annual output of 150000 high-end buses. Export accounts for 52% of the main business income. 7%, while the supporting OEM (professional market) accounts for 43% of the main business income. The market share of the main products in the domestic car, bus and other high and middle grade OEM markets is 50%; The market share in the domestic auto glass parts market is 28%; The market share of exports in the global automotive glass parts market is 6%

yaopi glass is the leading curtain wall glass. Through improving the scientific and technological level of products, it has successively developed a number of international latest products, such as low radiation glass, inert gas filled insulating glass, etc. In recent years, in the practice of international bidding for major engineering projects in Shanghai, despite the participation of many strong players in the world, yaopi glass has repeatedly won. It has successively provided curtain wall glass for a number of landmark buildings such as the International Conference Center and Pudong International Airport

strengthen the adjustment of listed companies to solve the crisis

from the recent operation of glass listed companies, it can be found that the adjustment of product structure is further increasing. At present, Fuyao Glass has developed nearly 60 new products, such as Hyundai Kia, Suzhou Jinlong, FAW xiaohongqi, Chang'an, DPCA Picasso, Yutong Bus, Dima bulletproof car, Guangzhou Honda Mn, bonded glass, some of which have been supplied in batch, and most of which will be supplied in batch from the second half of the year. CSG scientific control has successfully produced 15mm thick transparent float glass with high light transmittance, which has been put on the market in large quantities. Its transmittance index exceeds that of similar domestic products, and can replace imported products and be applied to Grand Theater, concert hall, exhibition hall and other projects. It has obvious advantages in economic performance ratio, and is a fist product that the company plans to deal with entering the market. At the same time, the company has positioned the new production line under construction as an electronic glass substrate for the electronic market and its industrial development

Luoyang Glass has built China's leading ultra-thin glass production line by using "Luoyang float glass process" technology and some high and new technologies. Recently, it has successfully pulled out 1mm high-quality float glass. The grade a rate has reached 95%, and the total yield has reached more than 70%. Various economic and technical indicators have reached the world advanced level, filling a gap in China's ultra-thin float glass. Three Gorges new material has carried out technical development cooperation with Wuhan University of technology on the TiO2 photocatalysis self-cleaning glass project. The TiO2 photocatalysis self-cleaning glass project was listed as the national key technological innovation project plan in 2001 by the State Economic and Trade Commission. The project has now completed 500 × The trial production of 800mm glass and the performance test of experimental samples show that the quality meets the national standard for coated glass. The proprietary performance has been tested by the environmental testing center of the Chinese University of Hong Kong. The photocatalytic activity, photoinduced super hydrophilicity and sterilization effect are better than those of similar Japanese products

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