970 million! Qibin Group Intends to Build High Performance Electronic Glass Production Line

Digital Building Materials DataBM. Com, Qibin Group announced on March 4 that it intends to invest 970 million yuan to build two high-performance electronic glass production lines in Luzhou City and County Economic Development Zone, Sichuan Province. The relevant funds are self-raised and financed by Qibin Electronics.

Qibin Group said that the first and second phases of Qibin Electronic High Performance Electronic Glass Production Project were put into operation in April 2020 and January 2023 respectively, and the market share of electronic glass products gradually increased, and the advantages of scale gradually emerged. In order to speed up the layout of the company's high-end electronic glass market, it was decided to build two new high-end electronic glass production lines in Luzhou, Sichuan.

It is reported that the project plans to build two high-performance electronic glass production lines, one of which is 65 tons/day high-performance electronic glass production line and the other is 150 tons/day high-performance electronic glass production line. The production line will adopt its own technology, and the products produced will not only lead the existing products of domestic manufacturers in terms of flexibility, scratch resistance, impact resistance and other important indicators, but also be comparable to international products, and will also be superior to other domestic manufacturers in terms of energy consumption level, which will greatly enhance the competitiveness of products.

In addition, in order to realize the plan, Qibin Electronics plans to set up a wholly-owned subsidiary "Sichuan Qibin Electronic Glass Co., Ltd." In the project implementation site, with a registered capital of 100 million yuan and a construction period of 18 months.

Hunan Qibin Electronic Glass Co., Ltd. is a holding subsidiary of Qibin Group. Qibin Group holds 59.7462% of the equity, with a total revenue of 85.5269 million yuan and a net profit of -20.2524 million yuan in 2020. In 2021, the company achieved a revenue of 153.5796 million yuan. The net profit was -19.1497 million yuan. In January 2023, the operating income was 37.8668 million yuan and the net profit was 4.7557 million yuan.