Core Viewpoint - The report highlights the trends and forecasts in the Chinese flat glass industry from 2026 to 2032, indicating a slight growth in production despite a recent decline in cumulative output for 2025 [1] Industry Summary - According to the National Bureau of Statistics, the production of flat glass in China reached 88.29 million weight cases in December 2025, marking a year-on-year increase of 3.4% [1] - The cumulative production of flat glass for the entire year of 2025 was 975.91 million weight cases, reflecting a decrease of 3% compared to the previous year [1] - The report is published by Zhiyan Consulting, a leading industry consulting firm in China, which has been focusing on industry research for over a decade [1]

Core Viewpoint - The Chinese laminated glass industry is experiencing a decline in production, with a notable decrease in output projected for December 2025 compared to the previous year [1] Industry Summary - According to the National Bureau of Statistics, the production of laminated glass in China is expected to reach 15.56 million square meters in December 2025, representing a year-on-year decrease of 7.1% [1] - For the entire year of 2025, the cumulative production of laminated glass is projected to be 164.228 million square meters, reflecting a cumulative growth of 2.7% [1] - The report by Zhiyan Consulting provides insights into the current market status and development trends of the laminated glass industry in China from 2026 to 2032 [1] Company Summary - Listed companies in the laminated glass sector include Qibin Group (601636), Nanfang A (000012), Fuyao Glass (600660), Jinjing Technology (600586), Kaisheng New Energy (600876), Yaopi Glass (600819), Shandong Pharmaceutical Glass (600529), and Yamaton (002623) [1]

Market Overview - The glass fiber sector experienced a decline of 1.27% on January 29, with Jiuding New Materials leading the drop [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Stock Performance - Notable stock performances in the glass fiber sector included: - N Zhenstone: Closed at 24.78, up 121.65% with a trading volume of 1.2023 million shares and a transaction value of 3.22 billion [1] - International Composite: Closed at 8.66, up 3.96% with a trading volume of 3.3208 million shares and a transaction value of 3.019 billion [1] - Sanxia New Materials: Closed at 3.73, up 1.91% with a trading volume of 891,700 shares and a transaction value of 327 million [1] - Jiuding New Materials: Closed at 14.60, down 6.59% with a trading volume of 1.0848 million shares [2] Capital Flow - The glass fiber sector saw a net outflow of 552 million from institutional investors, while retail investors experienced a net outflow of 319 million [2] - The sector attracted a net inflow of 870 million from speculative funds [2] Individual Stock Capital Flow - N Zhenstone had a net inflow of 8.74 billion from institutional investors, accounting for 27.14% of its total [3] - Sanxia New Materials had a net inflow of 376.35 million from institutional investors, but a net outflow of 594.75 million from retail investors [3] - Jiuding New Materials experienced a net outflow of 2.28384 million from institutional investors [3]

Market Overview - The glass fiber sector experienced a decline of 0.52% on January 27, with Jiuding New Materials leading the drop [1] - The Shanghai Composite Index closed at 4139.9, up 0.18%, while the Shenzhen Component Index closed at 14329.91, up 0.09% [1] Stock Performance - Notable gainers in the glass fiber sector included: - Zais Technology (603601) with a closing price of 10.70, up 6.36% and a trading volume of 2.09 million shares, totaling 2.27 billion yuan [1] - Sanxia New Materials (600293) closed at 3.69, up 1.37% with a trading volume of 1.45 million shares, totaling 523 million yuan [1] - Jiuding New Materials (002201) was the biggest loser, closing at 15.03, down 7.68% with a trading volume of 1.49 million shares, totaling 2.23 billion yuan [2] Capital Flow - The glass fiber sector saw a net outflow of 261 million yuan from main funds, while retail investors contributed a net inflow of 293 million yuan [2] - The detailed capital flow for selected stocks showed: - Zais Technology had a main fund net inflow of 253 million yuan, while retail investors had a net outflow of 155 million yuan [3] - Jiuding New Materials experienced a significant net outflow of 208.54 million yuan from main funds [3]

Market Overview - The glass and fiberglass sector experienced a decline of 0.56% on January 26, with Zaiseng Technology leading the drop [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] Stock Performance - Jiuding New Materials (002201) saw a significant increase of 10.00%, closing at 16.28 with a trading volume of 1.9866 million shares and a transaction value of 3.1 billion [1] - Honghe Technology (603256) increased by 2.44%, closing at 48.35 with a trading volume of 405,100 shares [1] - Other notable performances include: - Sanxia New Materials (600293) up 0.28% at 3.64 - Shandong Fiberglass (605006) remained unchanged at 7.93 - Qibin Group (601636) down 0.29% at 6.93 - China Jushi (600176) down 0.58% at 20.64 [1] Capital Flow - The glass and fiberglass sector saw a net outflow of 551 million in main funds, while retail investors contributed a net inflow of 536 million [2] - The sector's capital flow indicates that retail investors are more active compared to institutional investors [2] Individual Stock Capital Flow - China Jushi (600176) had a main fund net inflow of 84.17 million, but retail investors showed a net outflow of 54.68 million [3] - Honghe Technology (603256) experienced a main fund net inflow of 143.88 million, while retail investors had a net inflow of 81.73 million [3] - Other stocks like Jiuding New Materials (002201) and Shandong Fiberglass (605006) also showed mixed capital flows, with significant retail participation [3]

Investment Rating - The report maintains an "Overweight" rating for the power equipment sector [6] Core Insights - The report highlights new opportunities in the photovoltaic industry driven by space solar power initiatives and rising prices of battery components [1][17] - It emphasizes the importance of supply-side reforms and technological advancements in creating long-term growth opportunities within the industry [1][19] - The report identifies key companies to watch in various segments, including supply chain price increases, new technology growth, and perovskite solar cell developments [1][19][21] Summary by Sections Photovoltaics - The price of multi-crystalline silicon n-type raw materials remains stable, with an average transaction price of 59,200 RMB per ton [17] - N-type battery cell prices have increased to 0.42 RMB per watt, with a price range of 0.40-0.43 RMB per watt [17] - The report notes that rising silver prices have led to increased component costs, with distributed component prices now ranging from 0.70 to 0.80 RMB per watt [17] - SpaceX and Tesla plan to achieve a combined solar manufacturing capacity of 200GW annually in the U.S. within three years, with 40GW dedicated to space solar power [1][18] - Key companies to focus on include Tongwei Co., GCL-Poly, LONGi Green Energy, JA Solar, and Trina Solar for supply-side reform opportunities [1][19] Wind Power & Grid - The Netherlands will launch a 1GW offshore wind project tender in September 2026, with a subsidy budget of approximately 32.45 billion RMB [19][20] - Turkey plans to initiate its first offshore wind tender by the end of 2026, aiming for 5GW of installed capacity by 2035 [19][20] - Southern Power Grid has set a fixed asset investment of 180 billion RMB for 2026, focusing on new power system construction and strategic emerging industries [20] - Companies to watch include Goldwind, Yunda, Mingyang Smart Energy, and Sany Heavy Energy in the wind turbine sector [20] Hydrogen Energy - A ceremony for the operation of 300 hydrogen fuel heavy trucks was recently held, showcasing advancements in hydrogen energy technology [3][21] - The trucks are equipped with a 130kW fuel cell system and can achieve a range of over 600 kilometers [3][21] - Key companies in this sector include Shuangliang Energy, Huadian Heavy Industry, and Shenghui Technology [3][21] Energy Storage - The report forecasts that new energy storage installations in China will reach 58.6GW/175.3GWh in 2025, a year-on-year increase of 38%/60% [4][22] - The average bid price for 2-hour energy storage systems is projected to be 0.55 RMB/Wh in 2025, down 16.9% from 2024 [4][22] - Companies to focus on include Sungrow Power, Canadian Solar, and Kehua Data for large-scale energy storage opportunities [4][22] New Energy Vehicles - CATL launched the "Tianxing II" series solutions for light commercial vehicles, including the industry's first intelligent battery management application [5][27] - The solutions cater to various scenarios, including high-frequency urban distribution and extreme temperature conditions [5][27] - Key companies in the battery sector include CATL, Penghui Energy, and Guoxuan High-Tech [5][29]

Market Overview - The glass and fiberglass sector experienced a decline of 0.56% on January 23, with International Composite Materials leading the drop [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] Stock Performance - Notable gainers in the glass and fiberglass sector included: - Jinjing Technology (600586) with a closing price of 6.68, up 10.05% and a trading volume of 2.0262 million shares, totaling 1.331 billion yuan [1] - Sanxia New Materials (600293) closed at 3.63, up 10.00% with a trading volume of 1.4648 million shares, totaling 523 million yuan [1] - Jiuding New Materials (002201) closed at 14.80, up 6.78% with a trading volume of 2.2046 million shares, totaling 3.213 billion yuan [1] Fund Flow Analysis - The glass and fiberglass sector saw a net outflow of 1.027 billion yuan from institutional investors, while retail investors contributed a net inflow of 691 million yuan [2] - The main fund flow for key stocks included: - Jinjing Technology had a net inflow of 1.821 billion yuan from institutional investors, but a net outflow of 940.533 million yuan from speculative funds [3] - Sanxia New Materials experienced a net inflow of 880.962 million yuan from institutional investors, with a net outflow of 278.971 million yuan from speculative funds [3] - Flag Group (601636) had a net inflow of 434.656 million yuan from institutional investors, while speculative funds saw a net outflow of 325.892 million yuan [3]

1月23日，A股三大指数集体收涨，沪指涨0.33%报4136点，深证成指涨0.79%，创业板指涨0.63%，北证50指数涨3.82%。全市场成交额3.12万亿元，较前 一交易日增量4017亿元，超3900股上涨，122股涨停。 A股市场大小指数持续分化，上证50指数跌超1%，CPO概念走势低迷，新易盛（300502）跌逾6%，保险、银行等权重板块领跌市场。其他个股方面，利 欧股份（002131）收盘跌0.24%，开盘一度逼近跌停，此前连续两个交易日跌停。国晟科技（603778）昨日上演地天板后，今日收盘涨幅超3%。 | | | -小时最热 | | | | --- | --- | --- | --- | --- | | 代码 | 名称 | | 现价 | 涨跌幅 ▲ | | 002916 | 深南电路 | | 247.63 | -6.91% | | 300502 | 新易啓 | | 383.11 | -6.49% | | 300308 | 中际旭创 | | 585.40 | -5.73% | | 002463 | 沪电股份 | ↑ | 72.11 | -5.54% | | 300394 | 天孚通信 | | 18 ...

太空光伏指数大涨，多只概念股获融资资金出手。 今日(1月22日)，沪指全天窄幅震荡，收涨0.14%，最新报4122.58点。深证成指上涨0.5%，创业板指上 涨1.01%。今日市场成交27164.05亿元，较昨日放量927.61亿元。 | 内地股票 △ ◎ | | | | --- | --- | --- | | 行情 资金净流入 | | 涨跌分布 | | 上证指数 4122.58 | 深证成指 14327.05 | 科创综指 1865.34 | | +5.64 +0.14% +71.92 +0.50% | | +2.66 +0.14% | | 万得全A | 创业板指 | 北证50 | | 6827.05 +29.70 +0.44% +33.12 +1.01% +10.49 +0.69% | 3328.65 | 1530.24 | | 沪深300 | 中证500 | 中证A500 | | 4723.71 | 8387.59 | 5911.78 | | +0.64 +0.01% +47.48 +0.57% +7.21 +0.12% | | | | 中证1000 | 深证100 | 中证红利 | | 8309.35 ...

（文章来源：每日经济新闻） 每经AI快讯，1月23日，光伏玻璃指数盘中大涨近5%。成分股中，东方日升、拓日新能涨停，金晶科 技、亚玛顿、福莱特等个股跟涨。 ...