CSG(000012)2022-12-04 11:06Group 1: Company Overview - China Southern Glass Group was established in 1984 and listed on the Shenzhen Stock Exchange in 1992, producing the first batch of coated hollow glass in China in 1991 [2] - The company operates three main industrial chains: energy-saving glass, electronic glass, and solar energy, with four main business segments including flat glass, engineering glass, electronic glass, and solar photovoltaic products [2] - The company has production bases in North China, East China, Central China, South China, and Southwest China, and emphasizes R&D innovation and technology advancement [2] Group 2: Production and Capacity - The company currently operates three production lines for electronic glass, each with an annual capacity of approximately 10,000 tons, holding over 50% market share in ultra-thin electronic glass [3] - In 2018, the company expects limited recovery in production lines due to strict environmental and capacity controls, maintaining production levels similar to the previous year [3] - The company has two production lines for ultra-white glass located in Hebei and Xianning [4] Group 3: Raw Material Consumption and Pricing - The company leads the industry in energy management and production process management, with low consumption levels for raw materials and natural gas [3] - The price of soda ash is currently high but is expected to decline, while quartz sand prices have slightly increased but remain within normal fluctuation ranges [4] Group 4: Market Strategy and Future Plans - The company emphasizes a differentiated competitive strategy in its product offerings, particularly in the silver-coated glass segment, where price differences are significant due to technological advantages [4] - Future expansion will focus on the electronic glass sector, aiming to strengthen production capacity and technological advantages, while the solar energy segment will prioritize upstream high-purity polysilicon preparation [5] - There are currently no expansion plans for engineering glass due to existing overcapacity in that segment [4]