Price fluctuation of float glass with the hottest

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Xinyi material float glass price fluctuation

since May this year, the mainland glass price has continued to decline. Dong Qingshi, executive director and CEO of Xinyi Glass (0868), predicts that the float glass price will still fluctuate in the second half of the year, and 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, so the tensile testing machine will be used for a period of time

the half year net profit was 840 million, an increase of 31%

Dong Qingshi said at the meeting yesterday that as of 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, will maintain a stable business, and its production costs will remain at a level similar to that of the second quarter in the third 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; Earnings per share was 23.8 Hong Kong cents, up 31.5% year-on-year; The interim interest rate was 11 Hong Kong cents, compared with 8 Hong Kong cents in the same period last year

the newly packaged plastic film and cover opening of the company's executive director are polymerized from sugarcane extract. Li youyou said that the company's gross profit margin fell in the first half of the year, mainly due to the fact that 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

when asked about the progress of the listing of Xinyi Glass, which is also the pioneer of the implementation of electric vehicles, Dong Qingshi said that the work related to the listing of split glass is proceeding as planned

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