| 日期 | 代码 | 简称 | 成交数量（股） | 成交金额（万元） | 披露原因 | | --- | --- | --- | --- | --- | --- | | 2024-04- 03 | 835508 | 殷图网联 | 7432558 | 11773.3 | 当日价格振幅达到31.65% | | 2024-04- | 871634 | 新威凌 | 7424962 | 10184.74 | 当日换手率达到47.92% | | 03 | | | | | | | 2024-04- | 835508 | 殷图网联 | 7432558 | 11773.3 | 当日换手率达到28.55% | | 03 | | | | | | | 2024-04- | 835438 | 戈碧迦 | 13530824.0 | 35265.82 | 当日换手率达到23.71% | | 03 | | | | | | | 2024-04- | 831627 | 力王股份 | 5802873 | 7855.03 | 当日换手率达到21.64% | | 03 | | | | | | ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [4][6]. Core Insights - The company is one of the three major optical glass manufacturers in China, experiencing explosive growth in specialty glass, particularly in nano-microcrystalline glass, which has seen a CAGR of 249.72% from 2020 to 2023 due to its entry into the Huawei supply chain [4][20]. - The company benefits directly from the domestic microcrystalline glass market, which has been ignited by Huawei's adoption of this technology in its products [4][33]. - The report anticipates significant growth potential in the nano-microcrystalline glass market, with a current penetration rate of only 2.51% in non-Apple smartphones, indicating a tenfold increase opportunity [4][7]. - The company's optical glass business is expected to stabilize, with vehicle lighting components emerging as a growth highlight, particularly through partnerships with major automotive brands like BYD [4][33]. Summary by Sections Company Overview - Established in 2009, the company specializes in optical glass and specialty glass, producing over 100 types of optical glass and developing various specialty glasses including nano-microcrystalline glass [4][16]. - The company ranks third in the domestic optical glass manufacturing industry and has a comprehensive product line catering to diverse applications [4][16]. Financial Performance - The company's total revenue grew from 2.23 billion to 8.08 billion from 2020 to 2023, with a CAGR of 53.56% [27][28]. - The net profit attributable to shareholders increased from 0.35 billion to 1.04 billion during the same period, reflecting a CAGR of 44.15% [27][29]. - The report projects revenues of 863 million, 875 million, and 953 million for 2024, 2025, and 2026 respectively, with net profits of 150 million, 157 million, and 166 million [5][6]. Market Dynamics - The report highlights the increasing demand for specialty glass driven by advancements in technology and the rise of new applications in sectors such as automotive and consumer electronics [4][33]. - The company has established itself as a key player in the nano-microcrystalline glass market, which is expected to replace traditional glass materials in smartphones [4][7]. Future Outlook - The company is set to list on the Beijing Stock Exchange in 2024, which is anticipated to provide new growth opportunities [18][19]. - The report estimates a target market capitalization of 4.28 billion, suggesting a 12% upside potential from the closing price on April 2, 2024 [6].

| 日期 | 代码 | 简称 | 成交数量（股） | 成交金额（万元） | 披露原因 | | --- | --- | --- | --- | --- | --- | | 2024-04- 01 | 837023 | 芭薇股份 | 7605910 | 11093.65 | 当日换手率达到31.78% | | 2024-04- | 835438 | 戈碧迦 | 13540509.0 | 38904.47 | 当日换手率达到23.72% | | 01 | | | | | | | 2024-04- 01 | 871634 | 新威凌 | 3402002 | 4335.94 | 当日换手率达到21.96% | | 2024-04- | | | | | | | 01 | 838030 | 德众汽车 | 20569503.0 | 10673.48 | 当日换手率达到21.56% | ...

| | 2024-04-01 公告日期 异常期间 | | 无 | | | | --- | --- | --- | --- | --- | --- | | | 戈碧迦(835438) 连续竞价 （股） | 成交数量 | 13540509.0 | 成交金额（万 元） | 38904.47 | | | 涉及事项 当日换手率达到20%的前5只股票 | | | | | | 买/卖 | 营业部或交易单元名称 | | | 买入金额（元） | 卖出金额（元） | | 买1 | 国金证券股份有限公司上海静安区南京西路证券营业部 | | | 7342269.68 | 4598890.6 | | 买2 | 光大证券股份有限公司余姚南雷南路营业部 | | | 5961288.77 | 7935714.65 | | 买3 | 东方财富证券股份有限公司拉萨金融城南环路证券营业部 | | | 5143352.91 | 1703956.52 | | 买4 | 东方财富证券股份有限公司拉萨东环路第二证券营业部 | | | 4979087.92 | 2232790.1 | | 买5 | 东方财富证券股份有限公司山南香曲东路证券营业部 | | | ...

Investment Rating - The investment rating for the company is "Outperform the Market" [1][7]. Core Views - The company has successfully transitioned its business model, with a significant increase in revenue and net profit driven by the launch of its nano-microcrystalline glass products, which have gained market recognition [5][6][7]. - The company raised a total of 230 million yuan through its recent listing on the Beijing Stock Exchange, and its 2023 annual report shows a year-on-year revenue increase of 88.26% to 810 million yuan, with net profit rising 127.37% to 100 million yuan [5][7]. - The company is expected to continue its growth trajectory, with projected net profits of 188 million, 223 million, and 263 million yuan for 2024, 2025, and 2026, respectively [7][13]. Summary by Sections Financial Performance - The company's revenue for 2023 is reported at 808 million yuan, with a year-on-year growth of 88.3%. The net profit for the same year is 104 million yuan, reflecting a 127.4% increase [9][13]. - The gross margin for 2023 is 29.8%, with expectations for improvement in the following years due to a decrease in raw material costs [9][10][13]. Business Transition - The company has shifted from its original focus on optical glass to special functional glass, with special glass revenue increasing from 120 million yuan in 2022 to 520 million yuan in 2023, accounting for 64% of total revenue [6][7]. - Major clients such as Xiaomi and Huawei have adopted the company's glass products in their latest smartphone models, contributing to the revenue surge [7]. Future Projections - The company anticipates continued growth in revenue, with estimates of 952 million yuan in 2024, 1.076 billion yuan in 2025, and 1.229 billion yuan in 2026, alongside improving profit margins [9][13]. - The company plans to invest the raised funds into six production lines for special optical glass, which will add 1,632 tons of capacity [7].

| 日期 | 代码 | 简称 | 成交数量（股） | 成交金额（万元） | 披露原因 | | --- | --- | --- | --- | --- | --- | | 2024-03- 29 | 838030 | 德众汽车 | 29434299.0 | 15697.52 | 当日换手率达到30.86% | | 2024-03- 29 | 831641 | 格利尔 | 6651732 | 6104.57 | 当日换手率达到25.50% | | 2024-03- | 835438 | 戈碧迦 | 13994521.0 | 38912.9 | 当日换手率达到24.52% | | 29 | | | | | | ...

| | 公告日期 2024-03-29 无 | 异常期间 | | | | | --- | --- | --- | --- | --- | --- | | | 戈碧迦(835438) 连续竞价 | 成交数量 | 13994521.0 | 成交金额（万 | 38912.9 | | | | （股） | | 元） | | | | 涉及事项 当日换手率达到20%的前5只股票 | | | | | | 买/卖 | 营业部或交易单元名称 | | | 买入金额（元） | 卖出金额（元） | | 买1 | 光大证券股份有限公司余姚南雷南路营业部 | | | 7589729.71 | 7109175.78 | | 买2 | 上海证券有限责任公司苏州中心广场证券营业部 | | | 6407677.32 | 2521616.61 | | 买3 | 机构专用 | | | 6176955.14 | 0 | | 买4 | 东方财富证券股份有限公司拉萨团结路第二证券营业部 | | | 5187973.78 | 3160953.64 | | 买5 | 国元证券股份有限公司佛山季华五路证券营业部 | | | 5155599.66 | 517410 ...

Investment Rating - The report provides a positive investment recommendation, suggesting active attention to the company as it is expected to experience high growth due to the increasing penetration of nano-microcrystalline glass in the market [4]. Core Insights - The company has seen rapid growth in revenue and net profit, primarily driven by the successful launch of specialty functional glass products, which significantly increased its market share and profitability [2][21]. - The domestic market for smartphone cover glass is projected to exceed 10 billion, with a strong demand for impact-resistant materials, indicating substantial growth opportunities for local manufacturers [3][4]. - The company has a robust innovation strategy, focusing on independent research and development, which has led to the successful commercialization of various specialty glass products [12][11]. Summary by Sections Company Overview - The company specializes in optical and specialty functional glass, with a focus on technological innovation and product diversification since its establishment in 2009 [11][12]. - The company has a concentrated ownership structure, with the chairman and his family holding 28% of the shares, indicating strong control over company decisions [14]. Financial Performance - From 2020 to 2023, the company's total revenue increased from 220 million to 810 million, with a year-on-year growth of 88.3% in 2023 [2][21]. - The net profit attributable to the parent company rose from 34.8 million to 104.2 million during the same period, reflecting a year-on-year increase of 127.4% in 2023 [2][21]. - The gross margin for specialty functional glass products was 36.1% in 2023, significantly higher than the 17.9% for optical glass products, highlighting the profitability of the new product line [21]. Market Dynamics - The optical glass market in China grew from 2.7 billion in 2019 to 3.6 billion in 2022, with a compound annual growth rate of 10.1%, indicating a stable growth trajectory [31][32]. - The specialty functional glass market is expected to expand significantly due to increasing demand in high-end manufacturing sectors, including electronics and medical applications [33][34]. Product Development - The company has successfully launched several specialty glass products, including nano-microcrystalline glass, radiation-proof glass, and high-temperature resistant glass, which have been well-received in the market [11][20]. - The company collaborates with key clients, such as Chongqing Xinjing, to penetrate the domestic market for nano-microcrystalline glass, which is primarily used in smartphones [4][24]. Industry Outlook - The report highlights favorable government policies supporting the development of optical and specialty glass industries, which are crucial for manufacturing upgrades and technological advancements [35][36]. - The global smartphone market is projected to grow from 1.44 billion units in 2023 to 1.65 billion units by 2027, providing a substantial opportunity for the company's cover glass products [34].

| 日期 | 代码 | 简称 | 成交数量（股） | 成交金额（万元） | 披露原因 | | --- | --- | --- | --- | --- | --- | | 2024-03- | 834415 | 恒拓开源 | 25640373.0 | 19471.41 | 当日收盘价涨幅达到29.98% | | 28 | | | | | | | 2024-03- 28 | 835508 | 殷图网联 | 6983667 | 8857.99 | 当日换手率达到26.82% | | 2024-03- | 835438 | 戈碧迦 | 13831987.0 | 35669.29 | 当日换手率达到24.23% | | 28 | | | | | | | 2024-03- | 831641 | 格利尔 | 5703398 | 4752.37 | 当日换手率达到21.86% | | 28 | | | | | | | 2024-03- | 873122 | 中纺标 | 2625780 | 13077.67 | 当日换手率达到20.13% | | 28 | | | | | | ...

| | 公告日期 2024-03-28 异常期间 | 无 | | | | --- | --- | --- | --- | --- | | 戈碧迦(835438) | 成交数量 连续竞价 （股） | 13831987.0 | 成交金额（万 元） | 35669.29 | | | 涉及事项 当日换手率达到20%的前5只股票 | | | | | 买/卖 | 营业部或交易单元名称 | | 买入金额（元） | 卖出金额（元） | | 买1 | 机构专用 | | 24944904.23 | 0 | | 买2 | 国泰君安证券股份有限公司重庆中山三路营业部 | | 6694151.03 | 2545.92 | | 买3 | 光大证券股份有限公司余姚南雷南路营业部 | | 6544434.21 | 7753874.55 | | 买4 | 机构专用 | | 6281658.55 | 0 | | 买5 | 中信建投证券股份有限公司厦门杏东路证券营业部 | | 5834394.87 | 4257279.27 | | 卖1 | 国投证券股份有限公司深圳分公司 | | 45573 | 13779695.04 | | 卖2 | 国投证券 ...