Core Viewpoint - The report provides a comprehensive analysis of the glass transparent tape industry in China, covering market characteristics, macroeconomic factors, technological advancements, and competitive landscape, with forecasts for the period 2026-2032 [2][3][4]. Group 1: Industry Overview - The glass transparent tape is defined, including its properties, uses, and technical specifications [2]. - The market characteristics include product features, pricing trends, distribution channels, and purchasing behaviors [2]. - The historical development and current state of the glass transparent tape industry are discussed [2]. Group 2: Macroeconomic and Policy Environment - An analysis of China's economic environment from 2021 to 2025 is provided, including GDP and fixed asset investment trends [3]. - The policy environment affecting the glass transparent tape industry is examined, highlighting relevant industry policies and their impacts [3]. Group 3: Technological Environment - The report analyzes current production processes and methods for glass transparent tape in both domestic and international contexts [3]. - The status of technology patents in the industry is reviewed, along with procurement channels for production equipment [3]. Group 4: Market Analysis - Forecasts for production capacity and output of glass transparent tape from 2021 to 2025 and 2026 to 2032 are presented [4]. - Demand analysis for the glass transparent tape market is included, with projections for future market conditions [4]. Group 5: Competitive Landscape - The competitive dynamics of the glass transparent tape industry are assessed, including the bargaining power of suppliers and customers, and the threat of new entrants [4][6]. - A SWOT analysis of the industry is conducted, identifying competitive advantages and threats [4][6]. Group 6: Investment Analysis - The investment value of the glass transparent tape industry is analyzed, focusing on profitability, debt capacity, and return on investment forecasts for 2026-2032 [6]. - Factors supporting industry growth, such as economic expansion and downstream demand, are discussed [6]. Group 7: Future Trends - Predictions for market size, structure, and supply-demand dynamics for the glass transparent tape industry from 2026 to 2032 are provided [6]. - The report highlights potential investment hotspots and future directions for the industry [6].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 第 1 頁 共 10 頁 v 1.1.1 致：香港交易及結算所有限公司 公司名稱: 中國玻璃控股有限公司 呈交日期: 2025年12月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03300 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,600,000,000 | HKD | | 0.05 | HKD | | 180,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 3,600,000,000 | HKD | | 0.05 | HKD | ...

Core Viewpoint - The Chinese fiberglass industry is experiencing significant investment and development, with major companies expanding their operations and focusing on high-performance products to meet market demands [3][5][10]. Group 1: Industry Overview - Major listed companies in the fiberglass industry include China Jushi (600176), Zhongcai Technology (002080), Changhai Co., Ltd. (300196), International Composites (301526), Shandong Fiberglass (605006), Honghe Technology (603256), and Jiuding New Materials (000834) [1]. - The production of fiberglass in China is primarily concentrated in regions such as Jiangsu, Zhejiang, and Shandong, with Jiangsu housing many production enterprises [1]. Group 2: Investment Trends - Since 2022, Chinese fiberglass companies have been expanding through the establishment of subsidiaries, investment funds, and capital increases [3]. - International Composites plans to invest approximately 230.446 million yuan in upgrading electronic-grade fiberglass production lines to enhance market competitiveness [5]. - China Jushi intends to invest around 951.0866 million yuan in a cold repair technical transformation project for a production line with an annual capacity of 200,000 tons [5]. - Changhai Co., Ltd. is collaborating with investment institutions to establish an industrial fund to enhance its business layout [5]. - Zhongcai Technology is set to invest 175.089 million yuan in a low-loss dielectric fiber cloth project to meet AI hardware market demands [5]. - Honghe Technology plans to increase capital by 30 million yuan to support its subsidiary's business development [5]. - Jiuding New Materials aims to invest in high-tech sectors through a partnership with a private equity fund [5]. Group 3: Policy Support - The fiberglass industry has received strong policy support, with initiatives encouraging the development of high-performance fibers and composite materials during the "12th Five-Year Plan" and subsequent plans [6][10]. - The latest "Industrial Structure Adjustment Guidance Catalog (2024)" encourages the development of high-capacity, alkali-free fiberglass production technologies while restricting outdated production capacities [10][11].

然而，玻璃又是一个典型的强周期行业，市场价格波动幅度偏大。2021年以来，国内玻璃价格持续下 跌，浮法平板玻璃更是从高点3100元/吨跌至当前的1200元/吨左右。 压力之下，近几年沙河玻璃产业却通过期货、期权等衍生品工具，探索出了一条期现融合发展的"强筋 壮骨"之路。 "这些年来，我们通过期货工具管理市场风险，发现价格趋势，玻璃期货为我们集团的生产经营提供了 强大的支撑。"望美实业集团期货部负责人霍东凯介绍表示。 截至目前，沙河参与期货套期保值的玻璃产能已经超过80%，且普遍接受期货点价模式，有力保障当地 玻璃产业、区域经济平稳发展的同时，还帮助沙河完成了从"产能高地、价值洼地"，向玻璃定价中心的 蜕变。 1980年第一条玻璃生产线诞生，2024年玻璃产能达到全国五分之一，连续3年发布中国（沙河）玻璃价 格指数……完备玻璃产业体系、庞大的产业规模和显著的行业影响力，为河北沙河赢得了"中国玻璃 城"的称号。 据了解，当地着力打造的"1+5"现代产业体系，便是以玻璃产业作为绝对核心。可以说，玻璃行业景气 度的走势，关乎着沙河区域经济的稳定。 产业"强筋壮骨"，助力区域经济 2012年12月3日，全球首个玻璃期货 ...

智通财经APP讯，中国玻璃(03300)发布公告，截至2025年11月13日，本集团已与各方订立第二份修订及 重述契约(2025年契约)，对融资协议进行修订及重述，将还款日期变更为自2025年契约生效日期(即2025 年11月13日)起计一年，该期限可在满足相关条件的情况下延长不超过六个月。 ...

中国玻璃(03300)发布公告，截至2025年11月13日，本集团已与各方订立第二份修订及重述契约(2025年 契约)，对融资协议进行修订及重述，将还款日期变更为自2025年契约生效日期(即2025年11月13日)起计 一年，该期限可在满足相关条件的情况下延长不超过六个月。 ...

自願性公告 關於重組融資協議 本 公 告 乃 由 中 國 玻 璃 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱 為「本 集 團」）自 願 作 出。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 茲提述本公司於二零二五年八月二十日及二零二五年十月十七日就本 集團於融資協議項下的未償還款項及擬議重組融資協議事宜所發佈之 公 告（「該等公告」）。除 文 義 另 有 所 指 外，本 公 告 所 用 大 寫 術 語 與 該 公 告 所 定 義 者 具 有 相 同 涵 義。 本 公 司 欣 然 宣 佈，截 至 二 零 二 五 年 十 一 月 十 三 日，本 集 團 已 與 各 方 訂 立 第二份修訂及重述契約（「2025年契約」），據此對融資協議進行修訂及重述， 將還款日期變更為自2025年 契 約 生 效 日 期（即 二 零 二 五 年 十 一 月 十 三 日） 起 ...

Core Viewpoint - The report by Zhiyan Consulting highlights the growth in China's fiberglass industry, particularly in imports, indicating a positive market trend for the sector [1]. Import Data Summary - In September 2025, China's imports of fiberglass and its products reached 8,900 tons, marking an 8% year-on-year increase [1]. - The import value for the same period was $10.8 million, reflecting a significant year-on-year growth of 44.7% [1]. Industry Insights - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research and providing comprehensive consulting services [1]. - The firm emphasizes its commitment to delivering quality services and market insights to empower investment decisions in the fiberglass sector [1].

Core Insights - The Chinese glass fiber industry is experiencing fluctuations in both import and export volumes, with total import and export value exceeding $4 billion in 2022, decreasing to $3.42 billion in 2023, and projected to increase to $3.7 billion in 2024, reflecting an 8.4% year-on-year growth [1] - In 2024, China's glass fiber export volume is expected to reach a record high of 2.022 million tons, marking a 12.5% increase compared to previous years [2] - The import volume of glass fiber products has shown a declining trend, with a 12.31% decrease in 2024 and a 3.3% decrease in the first nine months of 2025 [7] Export Analysis - The export structure indicates that in the first nine months of 2025, the largest share of export value comes from prepregs and other products, accounting for 33%, followed by woven fabrics at 25% [5] - Cumulatively, the export volume of glass fiber and products in the first nine months of 2025 was 1.479 million tons, reflecting a 4.5% year-on-year decline [2] Import Analysis - The import structure shows that in the first nine months of 2025, the highest import value shares were from prepregs and other products at 55%, and commodity yarn products at 36%, with other products accounting for less than 5% [8] - The cumulative import volume of glass fiber and products in 2024 was 103,000 tons, with a continued decline observed in 2025 [7] Summary of Trade - Overall, the Chinese glass fiber industry is witnessing a decline in import volumes while export volumes are showing a fluctuating upward trend. The total import and export value reached $2.99 billion in the first nine months of 2025, representing a 9.6% increase [9]

Core Insights - As of November 10, a total of 108 stocks reached their 52-week highs, with notable performers including Taijin Holdings (08321), OKURA HOLDINGS (01655), and Hejia Holdings (00704) achieving high rates of 125.00%, 84.90%, and 53.57% respectively [1] Summary by Category 52-Week Highs - Taijin Holdings (08321) closed at 0.620 with a peak price of 0.900, marking a 125.00% increase - OKURA HOLDINGS (01655) reached a closing price of 0.280 and a high of 0.355, reflecting an 84.90% rise - Hejia Holdings (00704) had a closing price of 0.345 and a peak of 0.430, showing a 53.57% increase - Other notable stocks include Sanhe Chemical (00301) with a 41.67% increase and Aide New Energy (02623) with a 36.25% rise [1] 52-Week Lows - Wangshan Wangshui-B (02630) recorded a closing price of 52.850 and a low of 51.000, resulting in a -21.84% decrease - Eight Horses Tea (06980) had a closing price of 52.850 and a low of 51.100, reflecting a -10.98% decline - New Enjoy Times (08519) reached a low of 0.270, marking a -10.00% drop - Other significant declines include Jiujiang Bank (06190) at -8.99% and Kun Group (00924) at -6.98% [3][4]