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Kibing Group 2022 1H net profit attributable to parent of RMB1,079 million
Resource: 旗滨集团 Publish Date:2022-10-11 Hits:

On 31st August 2022, Zhuzhou Kibing Group Co.Ltd. ("Kibing Group", stock code: 601636) released its results for the first half of 2022. During the reporting period, Kibing Group produced 59.53 million weight cases of various high-quality float glass sheets and sold 50.07 million weight cases of various high-quality float glass sheets, achieving total operating revenue of RMB6,492.21 million and net profit attributable to shareholders of the listed company of RMB1,079.17 million.

In recent years, Kibing Group has taken several measures to continue to promote the medium and long-term development of strategic planning and promote the industry to high-end applications and high-quality operations.

Firstly, Kibing will continue to promote the optimization of the product structure of raw glass sheets and the improvement plan of technology upgrade and quality improvement, promote the development of product quality and strengthen the float glass industry; continue to promote the strategy of photovoltaic glass, accumulate development momentum, focus on key projects under construction (Chenzhou second line, Zhangzhou photovoltaic first and second lines, Ninghai first and second lines), promote the construction of rooftop photovoltaic power stations on factory buildings, improve the level of self generation, enhance low-carbon competitiveness and further optimize the company's energy use structure, also promote the construction of photovoltaic high permeability material production lines and supporting sand mining projects in Sabah, Malaysia and Zhaotong City, Yunnan Province; steadily promote the high-end product strategy, accelerate the construction of the second phase of the electronic glass and pharmaceutical glass projects, prepare for the construction of the third phase of the electronic glass project, expand the production scale of high-end products, steadily enhance the brand effect and market share and add new momentum to the development of the company; the Group has also steadily promoted its resource strategy, improved production safety and security and continued to expand its cost advantage. After transformation and development, Kibing Group has built up an industrial development pattern of high-quality float glass raw sheet, energy-saving architectural glass, photovoltaic glass, high-aluminium electronic glass and neutral borosilicate glass.

Secondly, we have made efforts to promote the business partner scheme, employee share ownership scheme and project follow-on investment mechanism, effectively promoting the interests of the core management team and key staff to be closely related to the company's strategic development plan.

Thirdly, we will further improve the expansion of the industrial chain and high-end products, integrate the use of existing resources, expand the scale of production, adhere to the route of high-quality development, further enhance and improve the company's brand influence and industry status, and the company's core competitiveness and comprehensive strength continues to improve.

In addition, Kibing actively implemented a share buy-back program and a major shareholder's plan to increase Kibing's shareholding, strengthened Kibing's value mining, and enhanced its capital market image and brand value performance in multiple dimensions.

After more than 10 years of development, Kibing Group has become a large glass enterprise group integrating research and development, production and sales of silica sand raw materials, glass and glass deep processing, photovoltaic new material glass, electronic glass and pharmaceutical glass, and is one of the largest enterprises in the scale of raw glass for construction in China. Kibing has built float glass bases in Zhangzhou City, Fujian Province, Heyuan City, Guangdong Province, Liling City, Hunan Province, Shaoxing City, Zhejiang Province, Changxing County, Huzhou City, Zhejiang Province, Pinghu City, Zhejiang Province and Negeri Sembilan, Malaysia; Kibing has built or is under construction photovoltaic glass bases in Chenzhou City, Hunan Province, Zhangzhou City, Fujian Province, Ningbo City, Zhejiang Province, Zhaotong City, Yunnan Province and Sabah, Malaysia; Kibing has built energy-saving glass bases in Liling City, Hunan Province, Heyuan City, Guangdong Province, Changxing County, Huzhou City, Zhejiang Province, Shaoxing City, Zhejiang Province, Negeri Sembilan, Malaysia and Tianjin. Except for the Zhejiang Province bases, all other production bases have built silica sand (ordinary sand and super white sand) mines.

At present, Kibing Group has 25 high-quality float glass production lines, 2 photovoltaic glass production lines, 2 high alumina electronic glass production lines, 1 neutral borosilicate pharmaceutical glass production line, as well as 4 photovoltaic calendering glass production lines under construction, 1 neutral borosilicate pharmaceutical glass production line, and those under preparation include 4 photovoltaic glass production lines, 2 high-performance electronic glass production lines, 2 neutral borosilicate pharmaceutical glass production lines. The main products are 0.33-19mm high-quality float glass, super white float glass, tinted (green, blue, grey) glass and other glass sheets; various off-line LOW-E coated glass, tempered glass, laminated glass, insulating glass, in-line coated glass, off-line sunlight control coated glass and other energy-saving glass; high aluminium ultra-thin electronic glass; neutral borosilicate pharmaceutical glass tubes, photovoltaic high-transmission substrates, etc.

Kibing Group will increase technology research and development and talent introduction, gradually carry out the technical transformation of production lines, improve product quality and optimize product structure; accelerate the extension of the industrial chain, increase investment and research and development of energy-saving glass, produce glass with high added value and form an integrated upstream and downstream operation; optimize production and operation organization and cost control through refined management to build the low-cost competitiveness. At the same time, Kibing will further enhance the added value of the products and strengthen the anti-risk capability by absorbing production capacity through deep processing and increasing exports.

Looking ahead, Kibing Group will continue to solidly promote the implementation of the overall strategy of "One Body Two Wings", while grasping the opportunity of market recovery, adhering to the enterprise spirit of "unremitting progress and continuous innovation", working as a team and being active. Working hard to promote the healthy and sustainable development of the enterprise through measures such as reducing costs and increasing efficiency. To realise the "stronger and bigger" enterprise, giving back to shareholders, partners and employees with actual performance, and steadily moving forward towards the grand vision of "building a classic brand and becoming a century Group".