On March 24, Luoyang Northglass Technology Co.Ltd(002613) share price staged a “ground Sky board”. As of the closing, the company’s share price was reported at 8.55 yuan / share, with a cumulative increase of 126.79% since March.
People close to the company told China Securities reporters that the company mainly does glass tempering equipment and glass deep processing, and the fundamentals have not changed. The first quarter of previous years was not the peak season, and so is this year.
On the same day, the Shanghai Yaohua Pilkingyon Glass Group Co.Ltd(600819) share price of the same glass industry also staged a “ground Sky board” at the end of the trading.
the first quarter is not the peak season
People close to Luoyang Northglass Technology Co.Ltd(002613) told the reporter of China Securities Journal that the fundamentals of the company have not changed much. The first quarter of previous years will not be the peak season. This year is the same as in previous years. The company adjusts the production according to the order, and the order has not changed. The company mainly makes glass deep-processing equipment, which is sold to major glass factories for glass deep-processing, and then sold to downstream customers.
Luoyang Northglass Technology Co.Ltd(002613) 3 March 24 disclosed the stock trading abnormal fluctuation and risk warning announcement, which said that from March 15 to March 24, 2022, the company’s stock increased by 94.76% and the range turnover rate was 125.97%. The information disclosed by the company in the early stage does not need to be corrected or supplemented; The company’s current operating conditions are normal and the internal and external operating environment has not changed significantly; The controlling shareholders and actual controllers of the company do not have other major matters that should be disclosed but not disclosed about the company, nor do they have major matters involving the company in the planning stage; During the announcement period of abnormal stock fluctuation (March 23 and 24, 2022), there was no trading of the company’s shares by the company’s controlling shareholders, directors, supervisors and senior managers.
Luoyang Northglass Technology Co.Ltd(002613) performance forecast shows that the net profit attributable to shareholders of listed companies is expected to reach 47 million yuan to 70 million yuan in 2021, with a year-on-year increase of 244.77% to 413.49%. During the reporting period, the company continued to strengthen product technological innovation, market promotion and expansion. The market recognition and order quantity of main products outside China increased, the operating revenue increased by about 60%, the gross profit margin and net profit margin of deep-processing glass products increased by different ranges, and the net profit attributable to listed companies increased.
From the perspective of glass price, institutional data show that at present, the average price of glass in China is 2070 yuan / ton, a slight decrease month on month. In terms of futures market, recently, glass futures varieties fluctuated higher. The settlement price of the main contract of glass futures closed at 1997 yuan / ton on March 24, with a closing increase of 2.01%.
Donghai futures research report said that recently, many departments have stated that they will cooperate with relevant departments to effectively resolve the risks of real estate enterprises and promote the virtuous circle and healthy development of the real estate industry. The strength of the real estate sector prompted the rise of glass futures prices.
is highly related to the real estate and automobile industries
From the perspective of related industries, glass listed companies are highly related to the real estate and automobile industries.
Shanghai Yaohua Pilkingyon Glass Group Co.Ltd(600819) pointed out in the recent announcement that the company’s main business is the production and sales of float glass, architectural processing glass and automotive processing glass. At present, the production and operation activities are normal without significant changes. In 2021, due to the rising prices of raw materials such as upstream glass sheet, structural adhesive and PVB, the production cost of the company’s construction processing glass sector continued to rise, the production and operation of the construction processing glass sector was severely challenged, and the gross profit margin of stock orders decreased significantly.
“Glass products are mainly aimed at construction customers. They are used as commercial building curtain walls and have a great correlation with the real estate industry.” The above people close to Luoyang Northglass Technology Co.Ltd(002613) said.
