Fulette will continue to expand the production cap

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Fulette will continue to expand the production capacity of photovoltaic glass

fulette glass (06865. HK) is a leading manufacturer in the global photovoltaic glass industry. In order to seize market opportunities, it will continue to expand the production capacity of photovoltaic glass. The group plans to build photovoltaic glass production bases in Anhui, China and northern Vietnam respectively, which are expected to be put into operation in 2018

in addition, the Group invested about 0 At the end of March and June, the new Low-E (low radiation) and Low-E composite glass processing facilities will be built in Jiaxing City, Zhejiang Province as planned. It is expected that the annual processing capacity of the new Low-E facilities and Low-E composite glass will increase to about 5.8 million square meters, and will be put into operation at the end of this year, which is conducive to expanding business

as of the end of June this year, the net profit of the group was 3. 300 million yuan (RMB, the same below), with an annual increase of 70. 9%。 During the period, the income was 15. 2.2 billion yuan, up 1 year on year. 6%, mainly due to the increase in the average selling price of photovoltaic glass and the sales volume of Low-E glass. During the period, the sales of photovoltaic glass was 11. 5.7 billion yuan, which is the main product of the group, accounting for 76% of the total revenue. The overall gross profit margin increased from 28% in the same period last year. 1% and the silver coating covering most of the fuselage is also made of raw materials of Bayer materials technology, increasing to 36. 8%, mainly due to the lower procurement costs of energy, quartz sand and soda ash, which reduces the production costs; And the increase in the price of photovoltaic modules has led to the increase in the price of products

at the end of the period, the group's cash balance was 8. 700 million yuan. Since its listing in November last year, the group's asset liability ratio has further decreased, and its current ratio has also increased to 1. 45。 In terms of trend, on August 30, the two sides established a joint venture "dayangzhu" to make an upward breakthrough, with a high opinion of 2. 19 yuan (Hong Kong dollars, the same below) fell back when encountering resistance, and fell for 10 days, 20 days and 50 antennas successively. STC% K line continued to go higher than%d line, the gap between MACD bears narrowed, and the short-term trend is expected to improve, which can be considered as 1. 65 yuan absorption, rebound resistance 1. 96 yuan, don't fall below 1. 55 yuan continued to be held

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