Home appliance panel glass will be the company's development direction

Color crystal glass is still the largest product this year , but the price will continue to decline in the future. The company's sales of color crystal glass in the first three quarters 1.5 million m2 , gross margin of 30%, lower than the first half. Due to the fierce price and competition in the downstream , Caijing has fallen in volume this year. The company will take the initiative to seize some low-end orders next year to expand sales , but the price decline is still inevitable next year. We estimate that Caijing's profit will still decline slightly next year. In addition , due to lower-than-expected demand in the western region , the Sichuan base has only completed capacity building of 600,000 m2 , and will not expand again for the time being . Currently, Sichuan's profitability is still poor.

The anti-reflection film shipments in the third quarter were significantly lower , and the proportion of profit for the whole year will still be lower than that of color crystal glass . The anti-reflection film was originally a product that was developed by the company this year and has outstanding growth . It has occupied 37% of the profit in the first half of the year . From January to September , the sales volume was more than 7 million m2 , but the shipments in the third quarter were significantly lower than the first half of the year . It is expected to be worse in the fourth quarter . The annual sales volume is expected to be 10 million m2 , and the profit ratio is still worse than Caijing. The decline in sales was due to the decline in demand due to foreign double-reverse , and the fact that the company was concerned about the issue of accounts receivable. The company expects demand to increase next year , but it is more likely to decline in the first half of next year.

Home appliance panel glass will be the key to growth next year. In view of the current decline in demand for color crystal and anti-reflective film , the company launched a home-plated film glass to open up new demand points , product applications include home appliances touch screen, electronic scales, wine cabinets and other fields. At present, the company's headquarters and Dongguan have production capacity . The 300,000 m2 line of the headquarters will be put into operation in the first half of next year . Dongguan 600,000 m2 will be put into operation around the 13th Spring Festival. It is currently known that the product has a demand order , but it has not been mass-produced. The company expects the gross profit margin of the product to be above 30% , which will be the source of the company's performance growth next year , but the degree depends on market development.

Home plating products will be the direction of the company's future development. With the upgrade of consumption , the appearance and function of home appliance glass will continue to need improvement , so coated glass is expected to gradually replace traditional products. The coated products can achieve functions such as heat insulation, electrical conduction, heat insulation, etc. , and have a wide space in the fields of home appliances and the like. It is expected to become the development direction of the demand for home panel glass in the future , and thus become the company's development point in the past two years.