On August 29, CSG A released its semi-annual report for 2023. During the reporting period, the company's operating income was 8.389 billion yuan, an increase of 28.69% over the previous year, the net profit attributable to the parent company was 889 million yuan, the net profit deducted from the non-parent company was 838 million yuan, and the basic earnings per share was 0.29 yuan. Among them, the glass industry ( photovoltaic glass, engineering glass, float glass) realized business income of 6.335 billion yuan and net profit of 480 million yuan.
Nanbo is one of the most competitive and influential large-scale enterprises in China's glass industry and new energy industry. Its main business includes R & D, manufacturing and sales of new materials and information display products such as high-quality photovoltaic glass, engineering glass, float glass, ultra-thin electronic glass and display devices, as well as renewable energy products such as silicon materials, photovoltaic cells and components. Provide one-stop service for development, construction, operation and maintenance of photovoltaic power plant projects.
In the field of photovoltaic glass, CSG has taken the lead in entering the field of photovoltaic glass manufacturing in China since 2005. Based on independent research and development, the company has formed a closed-loop production capacity from the production of photovoltaic glass sheets to deep processing. The company is firmly optimistic about the long-term development of the photovoltaic new energy industry, seizes the golden opportunity of industrial development, aims at the first echelon of the industry, and makes up for the shortcomings of the group's photovoltaic glass business capacity and scale layout. Under the background of carbon peak and carbon neutralization, photovoltaic glass business will become the new champion business of Nanbo. With the successive production of new production lines in Anhui and Xianning, the company's photovoltaic glass production capacity has been greatly increased, and the photovoltaic glass business has achieved substantial growth.
In the field of engineering glass, at present, CSG has six building energy-saving glass deep processing bases in Tianjin, Dongguan, Xianning, Wujiang, Chengdu and Zhaoqing, and has formed an annual production capacity of coated hollow glass of more than 20 million square meters. The annual production capacity of coated glass exceeds 60 million square meters. In order to reduce the carbon emissions of buildings, CSG has developed a number of energy-saving products, building insulation products and BIPV products with higher energy efficiency, and more than 20% of the annual sales revenue of engineering glass comes from new products. In the first half of 2023, due to the fatigue of market recovery and the continuous decline of investment growth in real estate development, the business income of engineering glass was affected to a certain extent, with a small year-on-year growth rate. However, by refining the market layout, the company continued to increase the signing of high-quality projects, and the degree of order compounding increased significantly year on year.
In the field of float glass, Nanbo Group has 10 advanced float glass production lines in Dongguan, Chengdu, Langfang, Wujiang and Xianning. In the first half of 2023, the new construction volume of the real estate industry dropped significantly compared with the same period last year, the domestic market demand for architectural glass continued to slow down, the production and sales rate of the original production enterprises declined, and the price of float glass was running at a low level. However, under the macro background of "steady growth" of the national economy and the realization of the "double carbon" goal, the demand for quality of downstream market customers continues to improve, and the demand for differentiated products and energy-saving products remains stable.
CSG A said that its performance during the reporting period was mainly affected by the rising cost of raw materials and fuels, the phased slowdown in glass market demand, the increase in production revenue of photovoltaic glass production lines, the increase in costs, and the initiative to increase R & D investment. With the rapid development of the global market and the optimization and adjustment of the domestic industrial structure, the industry will return to the track of healthy development in the future.
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