上海耀皮玻璃集团股份有限公司 关于向特定对象发行股票申请获得 中国证券监督管理委员会同意注册批复的公告 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。 证券代码：600819/900918 证券简称：耀皮玻璃/耀皮 B 股 公告编号：2025-060 二、你公司本次发行应严格按照报送上海证券交易所的申报文件 和发行方案实施。 三、本批复自同意注册之日起 12 个月内有效。 四、自同意注册之日起至本次发行结束前，你公司如发生重大事 项，应及时报告上海证券交易所并按有关规定处理。" 公司董事会将根据上述批复文件和相关法律法规的要求及公司 股东会的授权，在规定期限内办理本次向特定对象发行 A 股股票的 相关事宜，并及时履行信息披露义务。敬请广大投资者注意投资风险。 特此公告。 上海耀皮玻璃集团股份有限公司 2025 年 11 月 20 日 上海耀皮玻璃集团股份有限公司（以下简称"公司"）于近日收 到中国证券监督管理委员会出具的《关于同意上海耀皮玻璃集团股份 有限公司向特定对象发行股票注册的批复》（证监许可〔2025〕2520 号）， ...

Core Viewpoint - The company has received approval from the China Securities Regulatory Commission for its application to issue shares to specific investors [1] Group 1 - The company is Shanghai Yaopi Glass Group Co., Ltd. [1] - The approval pertains to the registration of a stock issuance aimed at specific investors [1]

Core Points - The company has received approval from the China Securities Regulatory Commission (CSRC) for its application to issue stocks to specific investors [1] - The issuance must be carried out according to the submitted documents and issuance plan to the Shanghai Stock Exchange [1] - The approval is valid for 12 months from the date of registration consent [1] - The company is required to report any significant events to the Shanghai Stock Exchange before the completion of the issuance [1] - The board of directors will handle the issuance of A-shares within the stipulated timeframe and fulfill disclosure obligations [1]

Core Points - The company has received approval from the China Securities Regulatory Commission for a specific stock issuance [1] - The approval allows the company to issue shares to specific investors within 12 months [1] - The company is required to follow the submitted documents and issuance plan strictly [1] Summary by Sections - **Approval Details** - The company has been granted permission to register the issuance of shares to specific investors [1] - The approval is valid for 12 months from the date of consent [1] - **Compliance Requirements** - The company must implement the issuance according to the documents submitted to the Shanghai Stock Exchange [1] - Any significant events occurring between the approval and the completion of the issuance must be reported to the Shanghai Stock Exchange [1] - **Board Actions** - The company's board will act according to the approval and relevant laws, and will manage the issuance of A-shares within the stipulated timeframe [1] - The company is obligated to fulfill information disclosure duties promptly [1]

Core Viewpoint - Yaopi Glass (600819) has changed the status of its application for a specific stock issuance to effective registration, indicating progress in its fundraising efforts [1] Group 1 - The company plans to issue up to 280 million shares [1] - The expected amount of funds to be raised is 300 million yuan [1] - The sponsoring institution for this issuance is Guotai Junan Securities Co., Ltd. [1]

Market Overview - The glass and fiberglass sector experienced a decline of 0.58% on November 18, with Qibin Group leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Stock Performance - Notable stock performances included: - Yao Pi Glass: Closed at 9.28, up 1.09% with a trading volume of 280,400 shares and a turnover of 260 million yuan [1] - Honghe Technology: Closed at 30.47, up 1.06% with a trading volume of 134,300 shares and a turnover of 411 million yuan [1] - Qibin Group: Closed at 6.26, down 3.69% with a trading volume of 410,900 shares and a turnover of 260 million yuan [2] Capital Flow - The glass and fiberglass sector saw a net outflow of 142 million yuan from main funds, while retail funds had a net inflow of 64.7 million yuan [2] - The capital flow for individual stocks showed varied trends, with China Jushi experiencing a main fund net inflow of 18.7 million yuan [3] Individual Stock Capital Flow - Key individual stock capital flows included: - China Jushi: Main fund net inflow of 18.7 million yuan, retail net outflow of 357,270 yuan [3] - Jinjing Technology: Main fund net inflow of 4.1 million yuan, retail net inflow of 1.3 million yuan [3] - North Glass: Main fund net outflow of 5.0 million yuan, retail net inflow of 586,550 yuan [3]

Summary of the Conference Call for Yao Pi Glass Industry Overview - The float glass market is experiencing an overall downturn, but the automotive processing glass segment driven by new energy vehicles shows strong demand, expected to continue growing from the second half of 2024 to 2025. Fuyao dominates the market with a 70% share, while Yao Pi holds less than 20% [2][3] - The photovoltaic glass market is divided into two types: rolled glass and PCO (transparent conductive oxide) glass. Rolled photovoltaic glass is under pressure, but prices have stabilized with the coordination of the Ministry of Industry and Information Technology [2][3] Company Performance and Strategy - After acquiring Asahi Glass's Dalian production line, Yao Pi quickly became profitable, providing high-quality float and coated products, mainly focused on the cadmium telluride (CdTe) sector. There is some customer interest in perovskite technology, but large-scale production has not yet been achieved [2][5] - The company plans to focus on high-quality float and coated products, actively participating in the development of CdTe and perovskite technologies, and strengthening collaboration with customers to customize TCO substrates [7][17] Growth in Specific Segments - The demand for power-generating glass is steadily increasing, with some cities requiring that 25% of new buildings use power-generating glass. Yao Pi's business in this area is growing rapidly, with a projected 100% increase from 2024 to 2025 [4][8] - The Dalian Yao Pi plant is operating at full capacity, with PTO products accounting for about 20% of total capacity, also producing high-grade float glass for automotive applications [4][13] Technological Developments - Perovskite technology is developing rapidly but faces long-term stability issues. Many companies are actively researching and procuring raw materials from Yao Pi, but large-scale production information remains unclear [6][11] - TCO glass accounts for approximately 30% to 40% of the cost in both CdTe and perovskite batteries, making it a crucial component rather than just an accessory [12] Market Dynamics - The CdTe battery market is currently small, and even with a 100% annual growth rate, the total volume remains limited. The timeline for large-scale production of perovskite batteries is uncertain, which will affect TCO glass demand in the short term [11] - Yao Pi has established capabilities to supply TCO products since 2011, leveraging technologies from top brands like Pilkington and Asahi Glass, enhancing its competitive edge [17] Production Capacity and Future Plans - Yao Pi has sufficient production capacity to meet potential rapid demand growth, with additional production lines in Tianjin and Changshu ready to be equipped for mass production [16][18] - The company aims to expand its end-user applications, particularly in high-end power generation solutions for construction, to meet the growing market demand [7]

Market Overview - The glass and fiberglass sector experienced a decline of 2.45% on November 17, with Honghe Technology leading the drop [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Key stocks in the glass and fiberglass sector showed mixed performance, with notable declines in several companies: - Honghe Technology: closed at 30.15, down 4.89% with a trading volume of 201,500 shares and a turnover of 615 million yuan [2] - Zhongcai Technology: closed at 32.70, down 4.27% with a trading volume of 478,700 shares and a turnover of 159.3 million yuan [2] - China Glass: closed at 15.62, down 1.70% with a trading volume of 275,500 shares and a turnover of 433 million yuan [2] Capital Flow - The glass and fiberglass sector saw a net outflow of 536 million yuan from institutional investors, while retail investors contributed a net inflow of 431 million yuan [2][3] - The capital flow for specific stocks indicated significant outflows from major players: - Zhongcai Technology: net outflow of 261.1 million yuan, accounting for 16.39% of its capital [3] - Honghe Technology: net outflow of 91.1 million yuan, representing 14.80% of its capital [3] - China Glass: net outflow of 36.6 million yuan, which is 8.45% of its capital [3]

Market Overview - The glass and fiberglass sector experienced a decline of 2.92% on November 14, with Honghe Technology leading the drop [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Stock Performance - Key stocks in the glass and fiberglass sector showed varied performance, with the following notable changes: - Honghe Technology (603256) closed at 31.70, down 6.57% with a trading volume of 232,000 shares and a turnover of 742 million yuan [2] - China Glass (600176) closed at 15.89, down 3.87% with a trading volume of 406,600 shares and a turnover of 654 million yuan [2] - Zhongcailiao Technology (002080) closed at 34.16, down 3.26% with a trading volume of 551,900 shares and a turnover of 1.927 billion yuan [2] Capital Flow - The glass and fiberglass sector saw a net outflow of 301 million yuan from institutional investors, while retail investors had a net inflow of 328 million yuan [2] - The following stocks had significant capital flow changes: - Jinjing Technology (600586) had a net inflow of 24.34 million yuan from institutional investors [3] - Qibin Group (601636) saw a net inflow of 8.06 million yuan from institutional investors [3] - North Glass (002613) had a net inflow of 2.75 million yuan from retail investors [3]

Market Overview - On November 12, the Shanghai State-Owned Enterprise Reform sector fell by 0.51% compared to the previous trading day, with the leading decline from Guokai Testing [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - Notable gainers in the Shanghai State-Owned Enterprise Reform sector included: - Yaopi Glass (code: 618009) with a closing price of 9.80, up 6.87% and a trading volume of 718,600 shares, totaling 687 million yuan [1] - Tongji Technology (code: 600846) closed at 14.75, up 2.72% with a trading volume of 64,200 shares, totaling 93.73 million yuan [1] - Significant decliners included: - Guokai Testing (code: 301289) closed at 58.91, down 7.33% with a trading volume of 32,300 shares, totaling 193 million yuan [2] - Haili Co. (code: 600619) closed at 20.26, down 4.21% with a trading volume of 303,100 shares, totaling 618 million yuan [2] Capital Flow - The Shanghai State-Owned Enterprise Reform sector experienced a net outflow of 2.012 billion yuan from institutional investors, while retail investors saw a net inflow of 1.991 billion yuan [2] - The table of capital flow indicates that: - Shanghai Construction (code: 600170) had a net inflow of 72.83 million yuan from institutional investors [3] - Yaopi Glass (code: 600819) saw a net inflow of 33.37 million yuan from institutional investors [3]