Core Viewpoint - The recent "14th Five-Year Plan" emphasizes the importance of new energy as a pillar industry, positioning Jinjing Technology (600586.SH) as a leader in ultra-white glass, aligning with national urban renewal and dual carbon goals, and advancing its green building and energy strategies [1] Group 1: Company Performance and Developments - Jinjing Technology reported a revenue of 3.461 billion yuan for the first nine months of 2023 [1] - The company has established TCO glass production lines in Zibo and Tengzhou, with products already applied in leading domestic perovskite battery companies, capturing a significant market share [1] - The company is actively expanding its TCO sales team to enhance domestic and international customer outreach, with expectations for gradual sales growth as the domestic perovskite industry develops [1] Group 2: Market Trends and Projections - The TCO glass market in China is projected to reach 12 billion yuan in 2024 and 18 billion yuan in 2025, with a compound annual growth rate of approximately 16% [2] - The global TCO glass market is expected to grow from 67.6 million USD in 2025 to 208.2 million USD by 2032, with a compound annual growth rate of 17.43% from 2025 to 2032 [2] Group 3: Technological Advancements - Jinjing Technology announced a 495 million yuan investment plan for upgrading TCO coating processes, aiming for an annual production capacity of 20 million square meters of ultra-white TCO coated glass [2] - The company completed a 90-day cold repair and upgrade of its No. 5 ultra-white glass production line, which is the first of its kind in China, enhancing its production capabilities and expected optical transmittance from 91.5% to 92% [2] Group 4: Shareholder Engagement - Jinjing Technology plans to repurchase shares worth 100 million to 200 million yuan, having already repurchased 20.8 million shares, representing 1.47% of its total share capital [3] - The share repurchase reflects the company's confidence in its long-term value and commitment to protecting investor interests [3]
金晶科技三季报：产线技改提质增效，TCO玻璃加快市场拓展