Group 1 - The stock price of Hubei Feilihua Quartz Glass Co., Ltd. increased by 5.3% to 89.79 CNY per share, with a trading volume of 1.306 billion CNY and a turnover rate of 2.94%, resulting in a total market capitalization of 46.894 billion CNY [1] - The company, established on January 22, 1999, and listed on September 10, 2014, primarily engages in the production and sales of high-performance quartz glass materials and products for various sectors including optical communication, semiconductors, solar energy, and aerospace [1] - The revenue composition of the company includes 70.80% from quartz glass materials, 28.91% from quartz glass products, and 0.30% from other sources [1] Group 2 - According to data, one fund from the Fortune Fund family holds a significant position in Feilihua, specifically the Fortune Military Industry Theme Mixed A Fund (005609), which maintained its holding of 2.2082 million shares, accounting for 3.01% of the fund's net value [2] - The Fortune Military Industry Theme Mixed A Fund was established on March 29, 2018, with a current scale of 3.354 billion CNY, achieving a year-to-date return of 13.04% and a one-year return of 34.41% [2] - The fund manager, Meng Haozhi, has been in charge for 3 years and 237 days, with the fund's total asset size at 5.139 billion CNY, achieving a best return of 37.67% and a worst return of 0.83% during his tenure [3]

Report 1: Glass and Soda Ash 1. Report Industry Investment Rating No information provided. 2. Report's Core View - The overall sentiment of the commodity market has improved, and industrial products have stabilized and rebounded. Soda ash is driven by macro - sentiment, but its fundamental surplus problem persists. It is advisable to wait for a rebound and then go short. - Glass is sensitive to macro - atmosphere fluctuations, and the spot market has good transactions. However, the mid - term inventory in some areas is high, and the industry needs capacity clearance in the long - term. Short - term sentiment drives the market, and the follow - up should focus on policy implementation and peak - season demand [1]. 3. Summary by Relevant Catalogs - **Price and Spread**: - Glass: Prices in East China and Central China increased, with the 2505 and 2509 contracts rising slightly. The 05 - contract basis decreased. - Soda ash: Most regional spot prices remained unchanged, the 2505 contract fell slightly, and the 2509 contract rose. The 05 - contract basis increased [1]. - **Supply**: - Soda ash: The operating rate and weekly output increased. - Glass: The float - glass daily melting volume and photovoltaic daily melting volume increased slightly [1]. - **Inventory**: - Glass factory inventory decreased, and soda ash factory inventory decreased while the delivery - warehouse inventory increased [1]. - **Real Estate Data**: - New construction area increased slightly, construction area decreased, completion area decreased slightly, and sales area decreased significantly [1]. Report 2: Rubber 1. Report Industry Investment Rating No information provided. 2. Report's Core View The supply of natural rubber is stable with overseas raw materials rising and inventory decreasing. Demand has some changes with different tire enterprises' policies. The price is expected to be affected by macro factors in the short - term, and attention should be paid to raw - material output in the peak - season and the impact of La Nina [2]. 3. Summary by Relevant Catalogs - **Spot Price and Basis**: - The prices of Yunnan state - owned whole - latex rubber and Thai standard mixed rubber decreased, while the cup - rubber price increased. The basis of whole - latex rubber and non - standard price difference increased [2]. - **Monthly Spread**: - The 9 - 1 and 1 - 5 spreads decreased, and the 5 - 9 spread increased [2]. - **Fundamental Data**: - Production: The production of Thailand, Indonesia, and China in July had different changes. - Tire: The operating rates of semi - steel and full - steel tires increased, and domestic tire production increased in July, but tire exports decreased to zero. - Import: The import of natural rubber and synthetic rubber increased in July [2]. - **Inventory**: - The bonded - area inventory and factory - warehouse futures inventory of natural rubber decreased, and the warehouse - entry and exit rates of dry rubber in Qingdao changed [2]. Report 3: Logs 1. Report Industry Investment Rating No information provided. 2. Report's Core View The log price is currently stable supported by cost. The arrival volume is low, and the inventory is low, providing strong price support. Demand remains above 60,000 cubic meters, and it is recommended to go long at low prices. Attention should be paid to the improvement of shipment volume in the peak - season [4]. 3. Summary by Relevant Catalogs - **Futures and Spot Prices**: - Log futures prices increased slightly, and most spot prices remained unchanged. The basis of some contracts decreased [4]. - **Supply**: - The port shipment volume and the number of ships from New Zealand to China, Japan, and South Korea decreased [4]. - **Inventory**: - The inventory in major Chinese ports increased, with increases in Shandong and Jiangsu [4]. - **Demand**: - The daily average outbound volume increased slightly in China, Shandong, and Jiangsu [4]. Report 4: Polysilicon 1. Report Industry Investment Rating No information provided. 2. Report's Core View In the short - term, the market is more focused on the expectation of policy implementation in September, and the price is likely to rise. In September, the supply reduction is not obvious, and there may be a slight inventory accumulation. The price is more affected by policy expectations, and the risk is high. Attention should be paid to the self - discipline meeting of polysilicon enterprises [5]. 3. Summary by Relevant Catalogs - **Spot Price and Basis**: - The average price of N - type poly - feedstock increased slightly, and the N - type material basis increased significantly [5]. - **Futures Price and Monthly Spread**: - The main - contract price decreased, and the spreads between different contracts had different changes [5]. - **Fundamental Data**: - Weekly: Silicon wafer and polysilicon production increased. - Monthly: Polysilicon production, import, and export increased, and the net export decreased. Silicon wafer production, export, and net export increased, and the demand increased slightly [5]. - **Inventory**: - Polysilicon inventory increased, silicon wafer inventory decreased, and polysilicon warehouse receipts increased [5]. Report 5: Industrial Silicon 1. Report Industry Investment Rating No information provided. 2. Report's Core View The cost of industrial silicon is rising, and there is news of capacity clearance. The supply - demand relationship was in tight balance in August, and the supply pressure may decrease in the long - term. It is recommended to go long at low prices, but pay attention to inventory and warehouse - receipt pressure. The main price range is expected to be 8,000 - 9,500 yuan/ton [6]. 3. Summary by Relevant Catalogs - **Spot Price and Basis**: - The price of East China's oxygen - containing SI5530 industrial silicon increased, and the basis of some grades changed [6]. - **Monthly Spread**: - The spreads between different contracts had different changes [6]. - **Fundamental Data**: - Production: National and regional industrial silicon production increased, as well as organic silicon DMC and polysilicon production. The production of recycled aluminum alloy decreased. - Operating Rate: National and regional operating rates increased. - Export: Industrial silicon export volume increased [6]. - **Inventory**: - Inventories in Xinjiang, Yunnan, and the social inventory increased slightly, and the contract and non - contract inventories also had small increases [6].

Group 1 - The core viewpoint is that the building materials sector is expected to reach an inflection point due to accelerated supply-side reforms and declining interest rates, which may restore home buying willingness and capability, thereby stabilizing the real estate market fundamentals [1][3] - The building materials sector shows signs of overall recovery, with profitability improving from the bottom. In the first half of 2025, listed companies in the building materials sector achieved total revenue of 305.53 billion, a year-on-year decrease of 4.9%, while net profit attributable to shareholders was 11.8 billion, a year-on-year increase of 43.7% [1] - The cement industry is recovering due to a rebound in prices, although downstream demand has not yet improved. In the first half of 2025, the cement sector generated revenue of 179.6 billion, down 5.4% year-on-year, but net profit increased significantly to 4.29 billion, up 903.8% year-on-year [1] Group 2 - The glass industry is under pressure, while the glass fiber sector is experiencing a demand recovery. In the first half of 2025, the glass manufacturing sector reported revenue of 22.06 billion, down 18.1%, and a net profit of 530 million, down 72.7% [2] - The glass fiber manufacturing sector achieved revenue of 31.1 billion, up 20.9%, and a net profit of 3.29 billion, up 127.0%, benefiting from structural improvements in downstream demand and price recovery [2] - Leading companies in the consumer building materials sector are starting to recover, while small and medium-sized enterprises are generally under pressure. In the first half of 2025, 37 renovation material companies achieved revenue of 72.76 billion, down 7.7%, and a net profit of 3.7 billion, down 31.1% [2] Group 3 - Investment recommendations suggest focusing on three main lines: high-quality companies benefiting from stock reform, such as Weixing New Materials and Beixin Building Materials; undervalued stocks benefiting from credit risk alleviation, such as Sankeshu and Dongfang Yuhong; and leading cyclical building materials companies with bottoming fundamentals, such as Huaxin Cement and Conch Cement [3]

1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report The fundamentals of soda ash are weak, and it is expected to move in a range in the short term. The supply of soda ash is at a high level, terminal demand is declining, inventory is at a high level in the same period, and the mismatch between supply and demand in the industry has not been effectively improved [2][5]. 3. Summary by Relevant Catalogs 3.1 Daily View - **Fundamentals**: There are few maintenance periods for soda ash plants, supply remains at a high level; the daily melting volume of downstream float glass is stable, while that of photovoltaic glass continues to decline, and terminal demand is average. The inventory of soda ash plants is at a high level in the same period; bearish [2]. - **Basis**: The spot price of heavy soda ash in Hebei Shahe is 1,235 yuan/ton, the closing price of SA2601 is 1,334 yuan/ton, and the basis is -99 yuan, with futures at a premium to the spot; bearish [2]. - **Inventory**: The national soda ash plant inventory is 1.7975 million tons, a decrease of 1.35% from the previous week, and the inventory is running above the five - year average; bearish [2]. - **Disk**: The price is running above the 20 - day line, and the 20 - day line is upward; bullish [2]. - **Main Position**: The main position is net short, and short positions are increasing; bearish [2]. 3.2 Influencing Factors Summary - **Bullish Factors**: The peak maintenance period within the year is approaching, and production is expected to decline [3]. - **Bearish Factors**: Since 2023, the production capacity of soda ash has expanded significantly, and there are still large production plans this year. The industry's production is at a high level in the same period; the downstream photovoltaic glass of heavy soda ash has cut production, and the demand for soda ash has weakened; the positive sentiment of macro - policies has subsided [4]. 3.3 Soda Ash Futures Market - The closing price of the main contract decreased by 0.37% to 1,334 yuan/ton, the low - end price of heavy soda ash in Shahe increased by 0.82% to 1,235 yuan/ton, and the main basis increased by 13.16% to -99 yuan/ton [6]. 3.4 Soda Ash Spot Market - The low - end price of heavy soda ash in the Hebei Shahe market is 1,235 yuan/ton, an increase of 10 yuan/ton from the previous day [11]. - **Production Profit**: The profit of heavy soda ash by the North China ammonia - alkali method is -96.30 yuan/ton, and that by the East China co - production method is -92.50 yuan/ton. The production profit of soda ash has rebounded from a historical low [14]. - **Operating Rate, Production Capacity and Output**: The weekly operating rate of the soda ash industry is 87.29%. The weekly production of soda ash is 761,100 tons, including 421,700 tons of heavy soda ash, with production at a historical high [17][19]. - **Capacity Changes**: In 2023, the new production capacity was 6.4 million tons; in 2024, it was 1.8 million tons; in 2025, the planned new production capacity is 7.5 million tons, with actual production of 1 million tons [20]. 3.5 Fundamental Analysis - Demand - **Production and Sales Rate**: The weekly production and sales rate of soda ash is 103.23% [23]. - **Downstream Demand**: The national daily melting volume of float glass is 160,200 tons, and the operating rate is 76.01% and stable; the price of photovoltaic glass continues to fall. Under the influence of the "anti - involution" policy, the industry has cut production, and the daily melting volume in production continues a significant downward trend [26][32]. 3.6 Fundamental Analysis - Inventory The national soda ash plant inventory is 1.7975 million tons, a decrease of 1.35% from the previous week, and the inventory is running above the five - year average [35]. 3.7 Fundamental Analysis - Supply - Demand Balance Sheet The report provides the annual supply - demand balance sheet of soda ash from 2017 to 2024E, including data on effective capacity, production, operating rate, import, export, net import, apparent supply, total demand, supply - demand difference, capacity growth rate, production growth rate, apparent supply growth rate, and total demand growth rate [36].

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - No explicit core viewpoints presented in the given reports 3. Summary by Related Catalogs Glass - **Price Changes**: From September 9 to September 16, 2025, the prices of 5mm glass in different regions showed various trends. For example, the price of 5mm glass from Shache Anquan decreased by 21.0 from 1165.0 to 1144.0, while Wuhan Changli's price increased by 20.0 from 1040.0 to 1060.0 [1]. - **Contract Price Changes**: FG05 and FG01 contracts also had price increases. FG05 rose by 51.0 from 1289.0 to 1340.0, and FG01 increased by 45.0 from 1192.0 to 1237.0 during the same period [1]. - **Price Spread Changes**: The FG 1 - 5 spread decreased by 6.0 from -97.0 to -103.0, and the 01 Hebei basis decreased by 62.0 from -32.0 to -94.0 [1]. - **Profit and Cost Changes**: North China's coal - fired profit decreased by 36.4 from 271.0 to 234.6, and the cost increased by 19.4 from 889.0 to 908.4. South China's natural gas profit decreased by 6.3 from -181.8 to -188.1 [1]. - **Production and Sales**: Shache's factory production and sales improved, but the low - price sales of Shache's traders were poor. Hubei's factory prices increased, and the factory transactions were good, while the transactions of Hubei's middle - stream old goods were poor [1]. - **Production and Sales Ratios**: Shache's production and sales ratio was 113, Hubei's was 127, East China's was 108, and South China's was 103 [1]. Soda Ash - **Price Changes**: From September 9 to September 16, 2025, the prices of heavy soda ash in different regions generally increased. For example, Shache's heavy soda ash price increased by 70.0 from 1180.0 to 1250.0, and Central China's increased by 50.0 from 1190.0 to 1240.0 [1]. - **Contract Price Changes**: SA05, SA01, and SA09 contracts all had price increases. SA05 rose by 62.0 from 1358.0 to 1420.0, SA01 increased by 61.0 from 1278.0 to 1339.0, and SA09 increased by 289.0 from 1159.0 to 1448.0 [1]. - **Price Spread Changes**: The SA 01 - 5 spread decreased by 1.0 from -80.0 to -81.0, and the SA01 Shache basis increased by 9.0 from -98.0 to -89.0 [1]. - **Profit Changes**: North China's ammonia - soda process profit increased by 61.7 from -149.3 to -87.6, and the combined - soda process profit increased by 63.2 from -126.5 to -63.3 [1]. - **Inventory Changes**: Soda ash factory inventories decreased significantly, while delivery warehouse inventories increased significantly [1].

Investment Rating - The industry rating is "Outperform the Market" [7][122] Core Insights - The building materials sector shows signs of recovery, with profitability improving from the bottom. In H1 2025, the total revenue of listed companies in the building materials sector reached 305.53 billion, a year-on-year decrease of 4.9%, but the growth rate improved by 8.14 percentage points compared to the same period last year. The net profit attributable to shareholders was 11.8 billion, a year-on-year increase of 43.7%, with a growth rate increase of 104.80 percentage points compared to last year [1][15]. Summary by Sections 1. Overall Building Materials Sector - The building materials sector has shown overall recovery, with profitability at the bottom improving. The sector's performance in H1 2025 indicates a significant recovery in profits compared to revenue, primarily due to price rebounds [1][15]. 2. Cement Sector - The cement sector's recovery is attributed to price stabilization, although downstream demand has not yet improved. In H1 2025, the cement sector achieved a revenue of 179.6 billion, down 5.4% year-on-year, but net profit surged by 903.8% to 4.29 billion [2][38]. - The performance of cement manufacturing improved significantly, with 14 cement manufacturing companies achieving a revenue of 165.27 billion, down 5.6%, but net profit increased by 1098.5% to 4.39 billion [41]. 3. Glass and Glass Fiber Sector - The glass manufacturing sector faced challenges, with a revenue of 22.06 billion, down 18.1%, and a net profit of 530 million, down 72.7%. This decline was due to a mismatch in supply and demand leading to continuous price drops [3][72]. - Conversely, the glass fiber sector saw significant growth, with a revenue of 31.1 billion, up 20.9%, and a net profit of 3.29 billion, up 127.0%, driven by structural improvements in downstream demand [3][78]. 4. Renovation Materials Sector - The renovation materials sector showed mixed results, with leading companies performing well while smaller firms faced pressure. In H1 2025, 37 renovation material companies achieved a revenue of 72.76 billion, down 7.7%, and a net profit of 3.7 billion, down 31.1% [4][87]. - The paint sector, particularly leading companies like San Ke Shu, showed strong performance with a net profit increase of 107.5% [4][99]. 5. Investment Recommendations - The report suggests focusing on three main investment lines: high-quality companies benefiting from stock reform, undervalued stocks with long-term alpha attributes, and leading cyclical building material companies showing signs of bottoming out [5].

Core Viewpoint - Jiangmen Jiate Glass Technology Co., Ltd. has been established with a registered capital of 200,000 RMB, focusing on various technology services and glass product manufacturing [1] Company Summary - The company is registered with a capital of 200,000 RMB [1] - It operates in multiple areas including technology services, development, consulting, and promotion [1] - The manufacturing scope includes technical glass products, daily glass products, ordinary glass containers, and other glass products [1] Industry Summary - The company is involved in the research and development of new materials technology [1] - It also engages in the sale of non-metallic minerals, building materials, daily wooden products, and metal materials [1] - The company is permitted to conduct business activities independently as per its business license, except for projects that require approval [1]

1. Report Industry Investment Ratings - Crude Oil: Cautiously bearish [1] - LPG: Cautiously bearish [1] - L: Bearish rebound [1] - PP: Bearish rebound [1] - PVC: Bearish rebound [1] - PX: Cautiously bullish [1] - PTA: Cautiously bullish [3] - Ethylene Glycol (MEG): Cautiously bearish [3] - Methanol: Bullish [4] - Urea: Cautiously bullish [4] - Natural Gas: Cautiously bullish [5] - Asphalt: Cautiously bearish [5] - Glass: Bearish rebound [5] - Soda Ash: Bearish rebound [5] 2. Core Views of the Report - Geopolitical disturbances boost oil prices, and the market is waiting for the Fed's interest - rate policy decision. Supply - demand imbalances and OPEC+ production increases are key factors affecting the energy market. Different chemical products have different trends based on their own supply - demand fundamentals, cost factors, and market sentiment [1][8][13] - For most products, the market is influenced by a combination of macro factors such as Fed rate cuts, geopolitical conflicts, and seasonal demand changes. Some products are in a state of supply - demand tight balance, while others face supply or demand - side pressures [3][33][37] 3. Summary by Variety Crude Oil - **Market Performance**: International oil prices rose overnight. WTI increased by 0.82%, Brent by 1.53%, and SC by 1.02%. The Brent - WTI spread widened to $4.65 per barrel [6][7] - **Basic Logic**: The ongoing Russia - Ukraine conflict and attacks on Russian oil facilities support short - term oil prices. OPEC+ plans to increase production by 137,000 barrels per day in October, and the end of the US crude oil consumption season leads to inventory accumulation, putting pressure on oil prices in the medium - to long - term [8] - **Strategy**: Hold short positions. Pay attention to the range of SC at [495 - 505] [10] LPG - **Market Performance**: On September 16, the PG main contract closed at 4,494 yuan per ton, down 0.42% [11][12] - **Basic Logic**: Although the cost - end oil price rebounds due to geopolitical disturbances, the upstream crude oil is in an oversupply situation. Chemical profit decline weakens demand, and inventory increases slightly [13] - **Strategy**: Add short positions. Focus on the range of PG at [4400 - 4500] [14] L - **Market Performance**: The L01 closing price was 7,209 yuan per ton, down 0.2% [17] - **Basic Logic**: Market sentiment improves. The short - term supply - demand contradiction is not prominent, and it is gradually shifting to a situation of both strong supply and demand. The agricultural film peak season is approaching, and demand support strengthens [19] - **Strategy**: Try to go long on pullbacks. Pay attention to the range of L at [7200 - 7350] [19] PP - **Market Performance**: The PP01 closing price was 6,939 yuan per ton, down 0.1% [22] - **Basic Logic**: Cost support improves. The PP parking ratio rises above 20%, reducing supply pressure. Downstream demand enters the peak season, and raw material demand gradually increases [24] - **Strategy**: Try to go long on pullbacks as supply pressure eases. Focus on the range of PP at [6900 - 7050] [24] PVC - **Market Performance**: The V01 closing price was 4,847 yuan per ton, down 0.9% [27] - **Basic Logic**: Market sentiment improves, and the price rebounds from a low level. The supply is strong and demand is weak, and inventory has been accumulating for 12 weeks. However, more device maintenance plans are expected to reduce production [29] - **Strategy**: Try to go long on pullbacks supported by low valuation. Pay attention to the range of V at [4900 - 5050] [29] PX - **Market Performance**: On September 12, the PX spot price was 6,864 yuan per ton, up 7 yuan [32] - **Basic Logic**: Supply - side device changes are limited. PTA device maintenance is short - term, and demand improves. PXN is at a relatively high level this year. OPEC+ production increase and geopolitical conflicts affect the market [33] - **Strategy**: Go long on short - term dips and gradually close short positions. Focus on the range of PX511 at [6725 - 6820] [34] PTA - **Market Performance**: On September 12, the PTA spot price in East China was 4,565 yuan per ton, down 55 yuan. The TA01 contract closed at 4,648 yuan per ton, down 40 yuan [36] - **Basic Logic**: PTA processing fees are low. New device production and the resumption of previous maintenance devices increase supply pressure. The "Golden September and Silver October" consumption season is expected to boost demand. Supply - demand is in a tight balance in September and is expected to be loose in the fourth quarter [37] - **Strategy**: Close short positions. Look for opportunities to expand PTA processing fees and go long on short - term dips [3] MEG - **Market Performance**: On September 12, the ethylene glycol spot price in East China was 4,378 yuan per ton, down 44 yuan. The EG01 contract closed at 4,319 yuan per ton, down 31 yuan [40] - **Basic Logic**: Domestic devices slightly reduce their load, and overseas devices change little. Import is low. There is a consumption season expectation, and demand improves. Inventory is low, but new device production expectations cause the market to fluctuate weakly [41] - **Strategy**: Close short positions and look for opportunities to go short on rallies. Focus on the range of EG01 at [4255 - 4300] [42] Methanol - **Market Performance**: On September 12, the methanol spot price in East China was 2,317 yuan per ton, down 8 yuan. The main 01 contract closed at 2,379 yuan per ton, down 8 yuan [44] - **Basic Logic**: Methanol device maintenance increases, and supply pressure is high. Demand shows signs of stopping decline. Social inventory accumulates, and cost support stabilizes [45][46] - **Strategy**: Do not short firmly. Look for opportunities to go long on dips for the 01 contract. Focus on the range of MA01 at [2365 - 2400] [47] Urea - **Market Performance**: No specific market performance data provided in the given text - **Basic Logic**: Short - term supply is tight, but long - term supply is expected to be loose. Domestic demand is weak, while exports are good. Inventory accumulates in factories and decreases in ports. Valuation is not high [4] - **Strategy**: The urea futures price is under pressure. Look for opportunities to go long on dips for the 01 contract in the medium - to long - term [4] Natural Gas - **Market Performance**: No specific market performance data provided in the given text - **Basic Logic**: Geopolitical conflicts drive up energy prices, and the approaching winter increases demand for natural gas [5] - **Strategy**: Cautiously bullish [5] Asphalt - **Market Performance**: No specific market performance data provided in the given text - **Basic Logic**: Geopolitical factors boost the cost - end oil price, but asphalt supply is in excess, and the overall supply - demand is loose [5] - **Strategy**: Hold short positions [5] Glass - **Market Performance**: No specific market performance data provided in the given text - **Basic Logic**: Market sentiment improves, and enterprise inventory decreases. New production lines increase supply, and terminal demand is weak [5] - **Strategy**: Short - term bullish [5] Soda Ash - **Market Performance**: No specific market performance data provided in the given text - **Basic Logic**: Market sentiment improves, and enterprise inventory decreases for three consecutive times. Demand is mainly for rigid needs, and supply pressure is expected to ease [5] - **Strategy**: Short - term bullish, medium - to long - term bearish on rebounds [5]

Group 1 - The core viewpoint of the news is that Yao Pi Glass has seen a stock price increase of 5.58%, reaching 7.38 CNY per share, with a total market capitalization of 6.9 billion CNY [1] - Yao Pi Glass specializes in the production and sale of various types of glass, with its main business revenue composition being: automotive processed glass 38.72%, architectural processed glass 35.22%, float glass 32.77%, and other supplementary products 1.70% [1] Group 2 - Among the top circulating shareholders of Yao Pi Glass, a fund under Huatai-PineBridge has reduced its holdings by 311,700 shares, now holding 2.8038 million shares, which accounts for 0.3% of the circulating shares [2] - The China Securities Shanghai State-Owned Enterprises ETF (510810) has achieved a year-to-date return of 6.12% and a one-year return of 40.12% [2]

玻璃产销：沙河131，湖北135，华东108，华南107 1,000 1,200 1,400 1,600 1,800 2,000 2,200 河北鑫利4.8mm（折5mm） 2022 2023 2024 2025 (600) (400) (200) 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 华北玻璃生产利润（气） 2020 2021 2022 2023 2024 2025 1121 1144 1121 1030 1115 1120 1237 1340 900 1000 1100 1200 1300 1400 沙河德金 沙河安全 沙河低价 湖北低价 10合约 11合约 01合约 05合约 玻璃价格结构 今日(9/16） 昨日(9/15） 一周前(9/9） 一月前(8/18） (500) 0 500 1,000 1,500 华南玻璃利润（气） 2020 2021 2022 2023 2024 2025 0 500 1,000 1,500 2,000 2,500 3,000 3,500 玻璃：河北低价大板 2019 2020 2021 2022 2023 202 ...