证券代码：000012、200012 证券简称：南玻 A、南玻 B 编号：20150519 中国南玻集团股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|-----------------------------------|----------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 国信证券股份有限公司 黄道立 | | | 人员姓名 | 国信证券股份有限公司 刘宏 | | | | 新华基金管理有限公司 刘彬 | | | | 中信建投证券股份有限责任公司 王愫 | | | | 麦盛资产管理有限公司 张寰 | | | | 麦盛资产管理有限公司 张蕴荷 | | | 时间 | 2015 年 5 月 19 日 | 15:00 | ...

证券代码：000012、200012 证券简称：南玻 A、南玻 B 编号：20150126 中国南玻集团股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|------------------------------|------------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | KHAZANAH NASIONAL | 聂迪中 | | 人员姓名 | | 国泰证券投资信托股份有限公司 张匡勋 | | | 晋融资产管理有限公司 曹海研 | | | | 泽熙投资管理有限公司 张明芳 | | | | 中信证券股份有限公司 臧海亮 | | | 时间 | 2015 年 1 月 26 日 | 9:00 | | 地点 | 南玻大厦三楼会议 ...

Group 1: Market Conditions - The flat glass industry is currently experiencing an overall state of overcapacity [1] - The market demand for energy-saving glass is growing rapidly, with a current usage rate of only over 10% in residential buildings [2] - The production capacity for hollow low-e glass is over 12 million square meters, while large sheet glass capacity exceeds 20 million square meters [4] Group 2: Production and Operations - The company has a sales radius of 400 kilometers and has production lines covering most of the country, including Dongguan, Tianjin, Langfang, Wujang, Chengdu, and Xianning [2] - There are currently 10 production lines for float glass, with 2 lines under renovation, 1 line relocated for upgrades, and 7 lines in normal production [2] - The company’s ultra-white glass production capacity includes two production lines in Dongguan and Wujang, with a daily melting capacity of 1,300 tons [3] Group 3: Financial Performance - The profit for the first three quarters of 2014, excluding non-recurring gains and losses, decreased compared to the same period in 2013 due to two main reasons: the transfer of equity in Shenzhen display devices and a significant decline in the performance of the fine glass industry [2] - The cost of polysilicon for the company is competitive, with a production capacity of 6,000 tons costing around $16 per unit [4] Group 4: Strategic Planning - In the next two to three years, the company will focus on its main business and pursue a differentiated strategy to refine its core operations [4] - The company is actively exploring suitable solutions for B shares in response to relevant policies from the China Securities Regulatory Commission [4] Group 5: Environmental Considerations - The company opts for natural gas as fuel primarily for environmental reasons, while many industry peers still use heavy oil and coal tar [3]

Group 1: Company Operations - The company has not experienced significant changes in operations since the fourth quarter, which is traditionally a slow season for the glass industry [3] - The current capacity for polysilicon production is nearly at full capacity [3] - The process of capacity reduction in float glass is expected to take time, depending on market stability [3] Group 2: Production and Costs - The company has energy-efficient glass production lines in Tianjin and float glass and ultra-thin electronic glass production lines in Langfang [3] - The cost of producing polysilicon with a capacity of 6,000 tons is approximately $16 per unit [4] Group 3: Financial Health - The company maintains a good reputation with banks and has strong cash flow due to strict risk control management [4] - There are plans to issue medium-term notes this year [4] Group 4: Market Dynamics - The recent drop in natural gas prices has not yet impacted the company, as market price changes take time to affect operations [4] - The downstream industries for ultra-thin electronic glass primarily include the display industry [4]

证券代码：000012、200012 证券简称：南玻 A、南玻 B 编号：20160524 中国南玻集团股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|--------------------|---------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 三星资管 | Lee Jonghun | | 人员姓名 | 三星资管 | Kim Seungmin | | | HI 资管 | Kwon Dongwoo | | | 新榮證券 | Shin Yong Suk | | | 新榮證券 | Park June Woo | | | KB 资管 | Kim Suhyuk | | | 富邦投信 | Brady Hsieh (TW) | | | 招商证券(香港 | 李昱同 ...

证券代码：000012、200012 证券简称：南玻 A、南玻 B 编号：20160425 中国南玻集团股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|---------------------------------|---------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 元大证券 陈龙辉 | | | 人员姓名 | 元大证券 缪盈盈 | | | | 元大证券 张哲元 | | | | 元大证券（上海） 宋劲 | | | | 元大证券（韩国） 鲜于震 | | | | 元大证券（韩国） 李龙澈 | | | | 新光人寿保险股份有限公司 陈奂文 | | | | 新光人寿保险股份有限公司 马宗裕 | | | | 华南永昌投信 许志刚 | | | | 中国人寿保险股 ...

Production Capacity and Market Demand - The production capacity of the new line in Qingyuan is expected to be 1 million m² per month once it reaches mass production [2] - Currently, there are no domestic companies capable of producing this type of high-alumina glass, which primarily relies on imports to meet domestic demand [2] - The market share of Japanese products in this category is significant, with Corning holding a higher market share compared to Asahi Glass [2] Financial Performance and Profitability - The profitability of high-alumina glass will depend on the comprehensive cost and pricing after mass production [2] - The company experienced losses during the trial operation phase last year, but commercial operation is expected to enhance profitability [2] Strategic Investments and Governance - Qianhai Life has expressed confidence in the company's future development and has appointed three directors to the board [3] - The company is currently awaiting regulatory approval for its private placement, with no specific timeline available [3] Production and Inventory Management - The production capacity for ultra-thin glass is approximately 30,000 tons at Hebei Shiwang and 35,000 tons at Yichang Optoelectronics, with the company holding a 44% stake in Yichang [3] - The company maintains good inventory control, although there may be slight fluctuations due to the Spring Festival [4] Cost Management and Market Adaptation - Natural gas accounts for about 35% of the production cost of float glass, and the company is implementing various measures to reduce costs, such as lowering energy consumption and improving product yield [5] - The company is focusing on differentiated operations in response to the real estate market's impact, including transitioning to industrial glass and developing new products [6] Export and Market Reach - The company's engineering glass is exported to various regions, including Australia, Southeast Asia, Japan, South Korea, the Middle East, India, Canada, and Congo, with exports accounting for less than 10% of total sales [5][6] Future Plans and Share Structure - The company plans to convert B shares to H shares after completing a non-public issuance of A shares, aiming to enhance liquidity in the H share market [6]

证券代码：000012、200012 证券简称：南玻 A、南玻 B 编号：20160822 中国南玻集团股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|-----------------------|---------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 国泰君安 戚舒扬 | | | 人员姓名 | 华泰证券 赵衡、黄骥 | | | | 兴业证券 李华丰 | | | | 国金证券 孙蔚 | | | | 鹏华基金 王海青、蒋鑫 | | | | 海通证券 钱佳佳 | | | | 景顺长城 余捷涛、黄瑜 | | | | 华福证券 熊梅 | | | | 金元证券 程晨 | | | | 东北证券 邹兰兰 | | | | 清水源投资 邱波 | | | | 鑫鼎基金 ...

Financial Performance - In 2015, the company achieved a revenue of 7.4 billion CNY and a net profit of 620 million CNY, with a net profit of 299 million CNY after deducting non-recurring gains and losses [2] - The company faced significant pressure due to the overall macroeconomic situation and industry challenges, with the float glass industry experiencing losses [2] Industry Outlook - The company anticipates continued pressure in the operating environment for the current year, with issues of overcapacity in the industry not fully resolved [2] - Confidence remains in the company's performance due to factors such as extending the industrial chain into photovoltaic power stations and cost reductions from natural gas price declines [2] Production and Capacity - The company’s production line in Qingyuan is currently in trial production, with plans to stabilize production before transitioning to formal operations [2] - The Qingyuan line has a capacity of 1 million square meters per month [4] Product Specifics - The company primarily produces processed and coated solar glass, accounting for over 70% of its output [3] - The profit margin for sodium-calcium ultra-thin glass has decreased, particularly for the 1.1mm product, which now has a margin of less than 20% [4] Natural Gas Usage - Natural gas constitutes approximately 30%-40% of the cost for float glass production [5] - The company has long-term supply contracts for natural gas, with prices adjusted according to market and policy changes [2] Investment and Expansion - The company is awaiting regulatory approval for a capital increase, with a proposed issue price of 8.89 CNY per share [4] - The company’s hollow LOW-E glass production capacity stands at 13.2 million square meters, with plans to focus on differentiated products due to market overcapacity [5]

Group 1: Company Overview - China Southern Glass Group Co., Ltd. was listed in 1992 and operates in four main sectors: float glass, engineering glass, solar glass, and ultra-thin glass & display devices [2] - The float glass sector contributes 40% to the company's overall profits, while the engineering glass sector, being a traditional strength, holds a market share of 30% [2] - The solar glass sector has seen a profit decline due to falling prices of polysilicon and silicon wafers, accounting for 30% of total profits [2] Group 2: Strategic Focus and Management - The company has established a strategic plan focusing on "management enhancement, industry integration, and the Belt and Road Initiative" [2] - The management aims to maintain core business while expanding market share through mergers and acquisitions and extending the industrial chain [2] Group 3: Shareholder and Incentive Plans - The major shareholders have no current plans for share reduction and view their investments in Southern Glass as long-term strategic commitments [3] - The company is considering stock incentive plans to ensure long-term stability and effective talent motivation [3] Group 4: Financing and Investment Strategies - Southern Glass is actively pursuing the issuance of corporate bonds and short-term financing tools to address funding gaps for future investments [3] - The company is also exploring other financing arrangements to support its development needs [3] Group 5: Research and Development - The company places significant emphasis on R&D, with dedicated research institutes and a focus on attracting high-end talent globally [4] - The management has clarified its development goals, aiming to enhance the company's industry position while stabilizing personnel and management relationships [4] Group 6: Production and Market Performance - The ultra-thin glass production line in Qingyuan has shown improvements in product yield, technology enhancement, and market expansion [5]