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Public company info - China Glass Holdings Ltd. , 03300.HK
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China Glass Holdings Ltd., 03300.HK - Company Profile
Chairman Peng Shou
Share Issued (share) 1,810,000,000
Par Currency Hong Kong Dollar
Par Value 0.05
Industry Industrial Goods
Corporate Profile Business Summary: The Group is principally involved in the production, marketing and distribution of glass and glass products, and the development of glass production technology. Performance for the year: The Group’s revenue decreased by approximately 9% from RMB2.618 billion for the year ended 31 December 2018 to RMB2.369 billion for the year ended 31 December 2019. The Group’s gross profit decreased by approximately 31% from RMB410 million for the year ended 31 December 2018 to RMB285 million for the year ended 31 December 2019. Business Review： The Group currently has 13 (2018: 13) float glass production lines, with a daily melting capacity of 6,650 tonnes per day. As at 31 December 2019, the Group had 10 float glass production lines in operation, while those production lines not in operation were temporarily halted for technical upgrades due to cold repair and relocation. The Group also had one offline low-emission coated (“Low-E”) glass production line and one amorphous silicon thin-film battery production line. Raw material and fuel prices and production costs In 2019, with increasing pressures from environmental protection, prices of raw materials like mineral raw materials recorded year-on-year increases, while prices of soda ash and petroleum coke recorded year-on-year decreases. By further optimizing and adjusting procurement strategies, the Group’s purchase price increased slightly year-onyear but was lower than the industry average. Production, sales and selling price In 2019, the Group produced an aggregate amount of 30.99 million weight cases of glass, representing a year-on-year decrease of 9% whereas sales volume was 29.66 million weight cases, representing a decrease of 12% as compared to the same period of last year. The average selling price of the Group’s glass products was RMB75 per weight case in 2019, representing a decrease of 3% as compared to the same period of last year. Prospects: 1. As one of the Group’s strategies, made in China will be accomplished according to the requirements of “Informatization & Industrialization” and then created in China will be realized in accordance with the requirements of “Created in China 2025”. In accordance with the production and quality requirements of “Informatization & Industrialization”, the Group will further deepen the “Four Standards and One System”, implement the approaches of “streamlining organization, management and operation” and support the establishment of the organizational management structure and the control system in line with the mid-term strategic objectives of the Group. 2. On the basis of traditional main business of high-quality float glass, the Group will actively expand the new production and processing businesses such as pharmaceutical glass, automobile glass and special glass, optimize product structure, extend its reach to the downstream of glass industry, and realize the transformation of products to high-end, precise and advanced products according to the requirements of marketization and internationalization. 3. The Group will build reasonable product structure based on clients’ needs, and offer them differentiated products and services. The Group will introduce informatization platforms, expand online sales channels, attract the engagement from upstream and downstream enterprises, improve the whole system chain covering procurement, production and processing, sales and services, so as to enhance the Group’s penetration in the intensive processing field and enable us to become a leading supplier for intensive processed glass. 4. In terms of construction of information system, the Group will continue to improve the whole-industrial-chain ERP management system, facilitating the upgrade of both management and product quality. 5. In terms of overseas business expansion, the Group will proactively offer assistance to the Nigerian project in fulfilling its first year production and operation goal and ensuring its production to smoothly get onto the right track. The Group will actively cooperate with “the Belt and Road Integration Fund of Glass Industry” to stably promote the construction progress of the project in Kazakhstan, and facilitate the layout and planning of the pharmaceutical glass technologies and equipment of the Italian company Olivotto in the China market for fully utilizing the Company’s advanced technology and service in pharmaceutical glass products. 6. The Group will strengthen the internal supervision and control, ensuring that operations are carried out in line with the strategic development direction of the Company.

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