证券代码：600819/900918 股票简称：耀皮玻璃/耀皮B股 编号：2026-015 上海耀皮玻璃集团股份有限公司 第十一届董事会第十六次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 全体董事出席会议。 ● 全体董事对本次董事会会议的所有议案投同意票。 ● 本次董事会会议的所有议案全部通过。 1.关于公司高级管理人员2025年度考评和年绩效薪结算的议案 本议案已经董事会薪酬考核与提名委员会审议通过并同意提交董事会审议。 （1）总经理沙海祥先生2025年度考评和年绩效薪结算 沙海祥先生领取担任公司总经理岗位薪酬，不领取董事职务薪酬。 董事、总经理沙海祥先生作为利益相关方回避讨论、表决。 一、董事会会议召开情况 （一）本次董事会会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司章程的规定。 （二）2026年2月2日，以电子邮件方式向全体董事发出召开第十一届董事会第十六次会议的通知及会议 材料。 （三）2026年2月12日，第十一届董事会第十六次会议以通讯方式召开，会议采用通讯表决 ...

证券代码：600819/900918 股票简称：耀皮玻璃/耀皮 B 股 编号：2026-015 上海耀皮玻璃集团股份有限公司 第十一届董事会第十六次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 （四）应当出席董事会会议的董事 9 人，亲自出席会议董事 9 名。 二、董事会会议审议情况 重要内容提示： 一、董事会会议召开情况 （一）本次董事会会议的召开符合有关法律、行政法规、部门规 章、规范性文件和公司章程的规定。 （二）2026 年 2 月 2 日，以电子邮件方式向全体董事发出召开 第十一届董事会第十六次会议的通知及会议材料。 （三）2026 年 2 月 12 日，第十一届董事会第十六次会议以通讯 方式召开，会议采用通讯表决方式。 经与会董事认真审议，通过了如下议案： 1. 关于公司高级管理人员 2025 年度考评和年绩效薪结算的议案 本议案已经董事会薪酬考核与提名委员会审议通过并同意提交 全体董事出席会议。 全体董事对本次董事会会议的所有议案投同意票。 本次董事会会议的所有议案全部通过。 董事会审议通过对上述 ...

Group 1: Construction Materials - The completion end of construction materials is expected to reach a long-term turning point in 2026, driven by factors such as a narrowing decline in new housing completions, improving second-hand housing transaction volumes, and a significant increase in the stock of homes entering the renovation cycle [1][10][20] - The demand structure has been significantly impacted by economic pressures, leading to a delay in renovation needs, but positive changes are anticipated in the future, with a dual positive shift expected in the industry due to continuous supply contraction [1][21][33] - The glass supply is notably shrinking, approaching a supply-demand balance, with a focus on price elasticity in 2026, highlighting the importance of companies like Qibin Group [1][43] Group 2: Construction Start Materials - Profit recovery in the construction start materials sector is underway, but further policy support is needed for a sustained trend. The demand for construction starts is primarily driven by new real estate projects and infrastructure [2][14] - The cement industry has seen a significant exit of over 160 million tons of actual capacity, leading to a relatively stable price environment and improved profit margins for companies with cost advantages, such as Conch Cement and Huaxin Cement [2][33] Group 3: New Materials - The report emphasizes the potential of electronic yarn, carbon fiber, and TCO glass. The electronic yarn sector is experiencing price increases due to high demand driven by the AI industry [3][17] - Carbon fiber demand is expected to grow rapidly, driven by the wind energy sector and aerospace applications, with companies like Zhongfu Shenying being highlighted for their growth potential [3][20] - TCO glass is entering a commercial application phase, with significant production capacity planned by companies such as BOE Technology and JinkoSolar, indicating a strong future demand for this material [3][23] Group 4: Key Investment Targets - Key investment targets include companies like Sankeshu (603737.SH), Weixing New Materials (002372.SZ), and Rabbit Baby (002043.SZ), with projected earnings per share (EPS) growth and favorable price-to-earnings (PE) ratios indicating potential for investment [6][7] - The report maintains a buy rating for companies like China Jushi (600176.SH) and Zhongfu Shenying (688295.SH), reflecting confidence in their growth prospects in the new materials sector [6][7]

Investment Rating - The report maintains a rating of "Increase" for the industry [4] Core Insights - Perovskite solar cells are entering the era of GW-level mass production, with leading companies like JinkoSolar and LONGi Green Energy accelerating capacity release [2][35] - The efficiency of perovskite cells is rapidly improving, with laboratory efficiencies reaching 27.3% for single-junction cells and 35.0% for perovskite-silicon tandem cells, significantly surpassing the maximum efficiency of silicon cells at 27.9% [15][19] - The cost competitiveness of perovskite cells is expected to improve, with unit production costs projected to drop to 1.0 RMB/W by 2026, potentially surpassing silicon cells [2][35] Summary by Sections Section 1: Perovskite as the Next Generation Photovoltaic Solution - Perovskite solar cells utilize a hybrid organic-inorganic metal halide semiconductor as the light-absorbing material, offering advantages such as high efficiency, low cost, and lightweight [8][11] Section 2: Efficiency and Stability Breakthroughs - The report highlights significant advancements in efficiency and stability, with perovskite cells achieving rapid efficiency improvements compared to silicon cells [15][18] - The industry is overcoming stability challenges through material modifications and process optimizations, with some products achieving IEC commercial standard certification [25][26] Section 3: GW-Level Production Era - The first GW-level production line for perovskite solar cells has been launched, marking the beginning of large-scale production [35] - By 2027, global production capacity is expected to exceed 5GW, with a complete supply chain being established [2][35] Section 4: Investment Recommendations - The report suggests focusing on leading companies in the perovskite supply chain, particularly those with clear capacity deployment and advancements in tandem technology, such as LONGi Green Energy and Trina Solar [3] - Equipment manufacturers with high domestic production rates and sufficient orders, like JinkoSolar and Mibet, are also recommended for investment [3]

Investment Rating - The report assigns a "Buy" rating to the company with a target price of 10.01 CNY [5][21]. Core Insights - The company is a long-established leader in the glass industry, accelerating its transformation with a focus on automotive glass and TCO (Transparent Conductive Oxide) glass production [2][11]. - The automotive glass market is rapidly expanding, with the company achieving nationwide operational rights and accelerating new vehicle partnerships, which is expected to enhance both volume and profitability [16][24]. - The TCO glass production is nearing mass production, with the company having a leading position in online coating technology, poised to benefit from the upcoming demand surge [17][18]. Financial Summary - The company’s total revenue is projected to reach 5.588 billion CNY in 2023, with a growth forecast of 10.3% to 6.418 billion CNY by 2027 [4][18]. - Net profit is expected to recover from a loss of 125 million CNY in 2023 to a profit of 279 million CNY by 2027, reflecting a significant turnaround [4][18]. - Earnings per share (EPS) are forecasted to increase from -0.13 CNY in 2023 to 0.29 CNY in 2027 [4][18]. Company Overview - The company, established in 1983, is a Sino-British joint venture, with major shareholders including Shanghai Building Materials Group and NSG Group [23][15]. - The governance structure is stabilizing, with Shanghai Building Materials Group increasing its shareholding over the years [31][15]. - The company is focusing on upgrading its deep processing capabilities through targeted fundraising for technological improvements [30][2]. Automotive Glass Market - The automotive glass segment is projected to grow significantly, with revenue expected to reach 20.86 billion CNY in 2025, driven by increased demand for electric and smart vehicles [18][19]. - The gross margin for automotive glass is anticipated to improve from 10.25% in 2023 to 15.00% by 2027, reflecting enhanced product offerings and customer partnerships [16][18]. - The competitive landscape in the automotive glass market is limited due to high capital requirements and operational complexities, favoring established players [39][41]. TCO Glass Production - The TCO glass segment is approaching a production ramp-up, with significant demand expected from downstream clients in the 2025-2027 period [17][18]. - The company’s acquisition of Dalian Yao Pi has improved its online coating utilization, contributing significantly to its profitability [17][18]. - The TCO glass production is supported by advancements in coating technology and resource availability, positioning the company favorably for future growth [17][18].

Investment Rating - The report assigns a rating of "Buy" for the company with a target price of 10.01 CNY [5][21]. Core Insights - The company is a long-established leader in the glass industry, accelerating its transformation with a focus on automotive glass and TCO (Transparent Conductive Oxide) glass production [2][11]. - The automotive glass segment is expanding rapidly, with the company achieving nationwide operational rights and accelerating new vehicle partnerships, which is expected to enhance both volume and profitability [16][24]. - The TCO glass production is nearing mass production, with the company having a leading position in online coating technology, poised to benefit from the upcoming demand surge [17][18]. Financial Summary - Total revenue is projected to reach 5.588 billion CNY in 2023, with a growth forecast of 10.3% to 6.418 billion CNY by 2027 [4][18]. - The net profit attributable to shareholders is expected to recover from a loss of 125 million CNY in 2023 to a profit of 279 million CNY by 2027, reflecting a significant turnaround [4][18]. - Earnings per share (EPS) is forecasted to increase from -0.13 CNY in 2023 to 0.29 CNY in 2027 [4][18]. Company Overview - The company, established in 1983, is a Sino-British joint venture, with major shareholders including Shanghai Building Materials Group and NSG Group [23][31]. - The governance structure is stabilizing, with Shanghai Building Materials Group increasing its shareholding over the years [31][32]. - The business structure has shifted towards higher value-added products, particularly in automotive and TCO glass segments [15][24]. Automotive Glass Market - The automotive glass market is experiencing rapid expansion, with the value per vehicle increasing from approximately 500-800 CNY for traditional vehicles to 1500-2000 CNY for electric and smart vehicles [16][35]. - The company has unified its operational rights across the country and is accelerating the acquisition of new energy vehicle partnerships, which is expected to improve profit margins significantly [16][24]. - The gross margin for automotive glass is projected to rise from 10.25% in 2023 to 13.34% in 2024, driven by new customer acquisitions [16][24]. TCO Glass Production - The TCO glass segment is approaching a production ramp-up phase, with significant demand expected from downstream customers planning large-scale production between 2025 and 2027 [17][18]. - The company has enhanced its online coating utilization rates post-acquisition, allowing for flexible production capabilities across various glass types [17][18]. - The profitability from TCO glass is expected to contribute significantly to the company's overall net profit in the coming years [17][18].

Group 1 - Yao Pi Glass experienced a 5% increase in stock price, reaching 8.61 yuan per share, with a trading volume of 80.04 million yuan and a turnover rate of 1.27%, resulting in a total market capitalization of 8.41 billion yuan [1] - The company, Shanghai Yao Pi Glass Group Co., Ltd., was established on November 23, 1993, and listed on January 28, 1994. Its main business involves the production and sale of transparent float glass, colored float glass, and related deep-processing products [1] - The revenue composition of the company includes automotive processed glass at 38.72%, building processed glass at 35.22%, float glass at 32.77%, and other supplementary products at 1.70% [1] Group 2 - Among the top ten circulating shareholders of Yao Pi Glass, a fund under Huatai-PineBridge ranked, with the China Securities Shanghai State-Owned Enterprises ETF (510810) reducing its holdings by 330,000 shares, now holding 2.4738 million shares, which accounts for 0.26% of circulating shares [2] - The China Securities Shanghai State-Owned Enterprises ETF (510810) was established on July 28, 2016, with a current scale of 6.747 billion yuan. It has experienced a loss of 0.17% this year, ranking 4359 out of 5562 in its category, while achieving a 14.91% return over the past year, ranking 3526 out of 4285 [2] - The fund manager of the China Securities Shanghai State-Owned Enterprises ETF (510810) is Wu Zhenxiang, who has a cumulative tenure of 16 years and 2 days, with the fund's total asset scale at 18.598 billion yuan. The best return during his tenure was 210.53%, while the worst was -31.53% [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600819 证券简称：耀皮玻璃 公告编号：2026-014 900918 耀皮B股 上海耀皮玻璃集团股份有限公司 关于使用闲置募集资金进行现金管理的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 已履行的审议程序：上海耀皮玻璃集团股份有限公司（以下简称"公司"）于2026年1月26日召开第十 一届董事会第十五次会议，审议通过了《关于使用部分暂时闲置募集资金进行现金管理的议案》，同意 使用最高额度不超过人民币2.80亿元的部分暂时闲置募集资金进行现金管理，投资安全性高、流动性 好、单项产品投资期限不超过12个月的投资产品。使用期限不超过12 个月，自本次董事会审议通过之 日起 12 个月之内有效。保荐人国泰海通证券股份有限公司（以下简称"保荐人"）对上述事项出具了明 确的核查意见。具体内容详见《上海耀皮玻璃集团股份有限公司关于使用部分闲置募集资金进行现金管 理的公告》（公告编号：2026-012）。 ● 特别风险提示：公司本次购买的结构性 ...

900918 耀皮 B 股 证券代码：600819 证券简称：耀皮玻璃 公告编号：2026-014 上海耀皮玻璃集团股份有限公司 关于使用闲置募集资金进行现金管理的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 已履行的审议程序：上海耀皮玻璃集团股份有限公司（以下简称"公司"）于 2026 年 1 月 26 日召开第十一届董事会第十五次会议，审议通过了《关于使用部分暂时闲置募集 资金进行现金管理的议案》，同意使用最高额度不超过人民币 2.80 亿元的部分暂时闲置募 集资金进行现金管理，投资安全性高、流动性好、单项产品投资期限不超过 12 个月的投资 产品。使用期限不超过 12 个月，自本次董事会审议通过之日起 12 个月之内有效。保荐人 国泰海通证券股份有限公司（以下简称"保荐人"）对上述事项出具了明确的核查意见。具 体内容详见《上海耀皮玻璃集团股份有限公司关于使用部分闲置募集资金进行现金管理的 公告》（公告编号：2026-012）。 特别风险提示：公司本次购买的结构性存款属于保本浮动收益型品种，但金 ...

Investment Rating - The report maintains an "Overweight" rating for the construction materials sector [4] Core Views - The real estate market in first-tier cities has shown strong performance, particularly in second-hand housing transactions, indicating a potential recovery in the sector [1][2] - Government debt issuance has significantly increased, with a total of 863.35 billion yuan in January 2026, reflecting a 204.3% month-on-month increase and a 54.8% year-on-year increase, which may alleviate fiscal pressure and accelerate municipal projects [1] - The glass manufacturing sector is approaching a supply-demand balance due to accelerated cold repairs, while photovoltaic glass companies are reducing production to ease supply tensions [1][3] - The cement industry is experiencing a demand bottoming process, with increased off-peak production efforts and a focus on regional demand recovery, particularly in areas like Tibet and Xinjiang [1][2] - The demand for fiberglass remains robust, driven by growth in wind energy and high-end applications, indicating structural investment opportunities [1][6] Summary by Sections Cement Industry Tracking - As of January 30, 2026, the national cement price index is 342.94 yuan/ton, down 0.69% week-on-week, with a total cement output of 2.278 million tons, a decrease of 4.27% [2][18] - The capacity utilization rate for cement clinker kilns is 45.19%, up 2.77 percentage points from the previous week, indicating a slight recovery in production [2][18] - The market is currently undergoing structural adjustments, with infrastructure remaining the main support but showing weak growth [2][18] Glass Industry Tracking - As of January 29, 2026, the average price of float glass is 1144.80 yuan/ton, reflecting a week-on-week increase of 0.53% [3][31] - Inventory levels have decreased, with a total of 49.27 million weight boxes, down 500,000 from the previous week [3][31] - Demand is expected to slow down as many small processing plants will shut down for the holiday, leading to a quieter market [3][31] Fiberglass Industry Tracking - The price of non-alkali roving remains stable, with demand primarily driven by essential purchases, while supply remains unchanged [6] - The average price of electronic yarn is stable, with expectations of price increases in high-end products due to ongoing demand [6] Carbon Fiber Industry Tracking - The carbon fiber price remains stable, with a weekly production of 2,369 tons and an operating rate of 76.28% [7] - The industry continues to face profitability challenges, with an average production cost of 113,300 yuan/ton and a negative gross margin [7] Consumer Building Materials - The consumer building materials sector is benefiting from the recovery in second-hand housing and renovation demand, with significant potential for market share growth [1][6]