The layout of high-end glass products such as mosh

Qibin pharmaceutical glass, photovoltaic electronics and other high-end glass products layout is about to be completed

from pharmaceutical glass, to the most popular photovoltaic glass, and then to the potential growth plate electronic glass, the leader of float glass Qibin group is accelerating its entry into high-end glass products

on January 28, Qibin group announced that the construction of the first 25 ton neutral borosilicate medicinal glass tube project of Hunan Qibin Medical Materials Technology Co., Ltd., the holding subsidiary of the company, was basically completed, and a kiln ignition ceremony was held on the same day

the announcement said that after the completion of the kiln, the equipment will enter the stage of joint commissioning and trial production. The products of the first phase project include colorless and amber glass tubes. Neutral borosilicate medicinal glass has strong advantages in water resistance, cold and hot shock resistance, acid and alkali resistance, corrosion resistance and other important indicators. It is suitable for containing biological products, blood products, freeze-dried preparations, vaccines and other drugs with high added value and special drugs with high pH value, and can fully meet the needs of the market for high-end medicinal glass

according to the announcement (announcement number:) issued by Qibin group on December 7, 2019, the neutral borosilicate medicinal glass project is planned to have a total investment of about 600million yuan, and it is planned to be constructed in stages. The total investment of the first phase of the project is 155million yuan, of which 100million yuan is self raised, and the rest applies for loans

the announcement said that neutral borosilicate pharmaceutical glass has been widely recognized in the international pharmaceutical packaging market. The consistency evaluation policy issued by the State Food and Drug Administration in 2017 clearly requires that neutral borosilicate glass must be used for drugs for water injection. This policy will accelerate the progress of neutral borosilicate glass replacing ordinary glass in the domestic pharmaceutical glass market. In addition, according to the international reportlinker report, the global pharmaceutical glass electro-hydraulic servo news universal testing machine is widely used in the dynamic and static mechanical property testing market of materials and parts, which will reach US $22.05 billion by 2025. The growth rate of emerging markets in India and China will reach 9%, and China will become one of the major consumers of pharmaceutical glass packaging bottles, The normal operation of Qibin group's pharmaceutical glass project can effectively resist the impact of imported pharmaceutical glass on the Chinese market

according to the third quarter report of Qibin group, Qibin group achieved a revenue of 6.555 billion yuan in the first three quarters of 2020, an increase of 0.35% year-on-year; The net profit attributable to the parent company was 1.216 billion yuan, an increase of 31.13% year-on-year; Among them, the revenue in the third quarter was 2.762 billion yuan, an increase of 12.11% year-on-year; The net profit attributable to the parent company was 710million yuan, an increase of 73.59% year-on-year

in the current revenue structure, the largest business segment of Qibin group is float glass. On October 30, 2020, Caixin securities released a research report that in the third quarter of 2020, the supply and demand structure of the glass industry continued to be optimized, the average price of float glass rose, and the overstocked delivery pressure of real estate developers will drive the increase of glass demand, and the glass industry is expected to continue to boom; Qibin group, as the leader of the flat glass industry, has a diversified layout of high value-added varieties such as pharmaceutical glass, photovoltaic glass and electronic glass. Its medium and long-term growth is expected, and the capacity under construction is expected to effectively increase the company's profits

not long ago, Qibin group announced that it would transfer Fujian Zhangzhou first and seventh lines to Zhangzhou photovoltaic free of charge, and at the same time transfer Zhangzhou photovoltaic to Chenzhou Qibin as a whole, which would become a photovoltaic glass business platform to clarify the equity structure for the follow-up development

according to the Research Report of Oriental Securities, Qibin group has four float production lines (with a total daily melting capacity of 3350t/d) that will convert to ultra white photovoltaic through technological transformation. Taking into account the new calendering, the production capacity of photovoltaic glass, including photovoltaic glass, is expected to reach 6950t/D by the end of 22. Due to the fact that it takes far less time to change production in the float and even military fields than the new calendering line, and the experience of successfully changing production in Chenzhou at 350t/d, it is expected that by June 2021, the company will have a photovoltaic float capacity of 2500t/d

it is worth noting that on December 4, 2020, Qibin group also revealed the latest progress of electronic glass on its official official account: "hyshark" is the first chemically enhanced ultra white high alumina silicon glass independently developed by Liling electronics, which is specially used in various flat panel display touch terminals such as smart, tablet computers, vehicle mounted, industrial control covers, etc. Cui Lixin thought that this product has good optical transmittance, ultra-high mechanical strength, excellent scratch resistance and other properties

it is understood that the price and gross profit rate of electronic glass are much higher than those of float glass, photovoltaic glass and other products. Once they are sold on a large scale, their profitability can be improved. In September 2020, Qibin group said in an answer to investors' questions that the company's electronic glass project had entered commercial operation in April 2020, some products had been mass produced, and some electronic glass products had been sent samples. At present, we are accelerating the trial production and technology accumulation of different types of products, continuously optimizing the product quality level and steadily improving the yield