工业和信息化部党组书记、部长 李乐成：这个装光刻胶的玻璃瓶也是重大的科技攻关内容之一。它能 确保光刻胶在运输和保管储藏过程中不受污染、不受影响，结束了我们过去光刻胶整个行业几乎100% 依赖国外的历史。现在这个产品已经在产线上试用了，反应很好。 近日，围绕贯彻落实中央经济工作会议精神，推动"十五五"良好开局的思路举措，工业和信息化部党组 书记、部长李乐成接受人民日报、新华社、中央广播电视总台、经济日报等中央媒体联合采访。以下为 中央广播电视总台"财经老王访部长"栏目报道。 2026年科技创新发力点在哪里？产业融合路径与专精特新企业有哪些扶持政策？总台记者王雷专访了工 业和信息化部党组书记、部长李乐成。他说，中国的人工智能发展，场景应用优势、人才优势非常明 显。"中国经济，我一直都是充满着信心。" 工业和信息化部党组书记、部长 李乐成：我们利用空地定期举行一些展览，这一期是科技创新和产业 创新深度融合的。 工业和信息化部党组书记、部长 李乐成：这是超薄玻璃，厚度在50微米以内。我们头发的直径一般在 30微米到100微米，所以说这比很多人的头发丝更细；它可以弯曲超过100万次。这是我们现在新型显示 技术里的一个关 ...

"十五五"规划建议明确提出，优化提升传统产业，推动重点产业提质升级。各地企业把握市场需求，加强科技创新、升级工艺、优化产品，让传统产业焕发 新活力。 在黔东南苗族侗族自治州贵州炉碧经济开发区的这家玻璃制造企业车间里，技术团队正在对即将产出的1.4毫米超薄玻璃进行数据监测。得益于对熔窑温度 正负0.5摄氏度的精密控制和拉边机参数的毫厘微调，企业在半年内实现了玻璃厚度从2毫米到1.4毫米的突破，生产的产品也向电子显示、光伏组件等高附加 值领域加速延伸。 刘向阳 贵州海生玻璃有限公司生产厂长刘向阳表示，玻璃每薄0.1毫米，就像百米赛跑。公司研发团队在玻璃成分设计、熔化工艺、成型技术、退火处理等核心环 节实现了系统性的突破，攻克了超薄玻璃生产中厚薄差和平整度等行业共性难题，优质加工级率达到90%以上。 玻璃产业的升级，不仅体现在"做薄"，也在于"做特"。在同一个园区内的另一家玻璃制造企业，通过生产用于绿色建筑的低辐射镀膜玻璃，与其他企业形成 了"薄特互补"的差异化格局。园区也通过引导产业协同，有效降低了企业的物流、仓储等成本，激发创新活力。 ............. ...... a a pa a can a se ...

在河北省沙河市玻璃产业园区，经过技术改造的生产线正以"无人化"模式高效运转，机械臂精准抓取玻 璃原片，大数据指挥中心实时调控各项生产参数——这一传统产业向高端化、智能化跃迁的背后，离不 开华夏银行石家庄分行持续的金融"活水"支持。截至目前，该行已为沙河市某实业有限公司、河北某玻 璃有限公司等多家企业累计投放设备更新和技术改造贷款超过3.5亿元，且全部符合绿色与科技双重标 准，以"科技+绿色"双轮驱动，助力"中国玻璃城"跑出转型升级加速度。 转自：新华财经 作为我国最大的玻璃生产加工基地，沙河市近年来全力推动玻璃产业向绿色化、高端化、智能化方向转 型，从传统建筑玻璃向超白、超薄等特种玻璃领域拓展。然而，设备升级和技术研发带来的资金需求， 成为企业转型过程中的关键瓶颈。华夏银行石家庄分行精准对接企业需求，深入践行金融服务实体经济 的宗旨，扎实推进"五篇大文章"落地见效，为沙河市玻璃企业量身定制覆盖全产业链的综合金融服务方 案。 亮眼的成果背后，是华夏银行石家庄分行对绿色与科技金融的持续深耕。截至11月末，该行2025年科技 贷款累计投放超百亿元，增速24.9%，支持科技型企业300余户；绿色贷款较年初增长10.3 ...

超薄玻璃被广泛应用于多种应用，因其独特的特性具有优势。在消费电子产品中，由于其轻质性和耐用性，它作为柔性显示屏、触摸屏和封面玻璃的基底。 在汽车行业，它被用于抬头显示器（HUD）、增强现实（AR）挡风玻璃以及提升光学清晰度和抗冲击能力的车内显示器。在医疗器械中，超薄玻璃被用于 诊断设备、手术器械和生物医学传感器，因其生物相容性和易于消毒而受益。 数据整理：中金企信国际咨询 消费电子需求：智能手机、平板电脑和可穿戴设备的快速发展和大规模采用是市场扩张的关键驱动力。消费者越来越偏好流线型、高分辨率显示屏和高度便 携的电子设备，而超薄玻璃凭借其轻量化、耐用性和抗刮特性直接满足了这一趋势。此外，折叠手机和柔性显示屏等创新产品的兴起，在不牺牲强度和光学 质量的前提下，高度依赖超薄玻璃（通常经过化学强化）以实现卓越的灵活性。这种持续由消费者推动的电子器件更薄、更轻、更坚固的趋势，确保了消费 电子供应链中对超薄玻璃解决方案持续高需求。 报告发布方：中金企信国际咨询 项目可行性报告&商业计划书专业权威编制服务机构（符合发改委印发项目可行性研究报告编制要求）-中金企信国际咨询：集13年项目编制服务经验为各 类项目立项、投融资、 ...

Group 1: Technology Sector Developments - Huawei plans to invest 15 billion yuan in ecosystem development, with over 1,300 software and hardware products compatible with HarmonyOS and 17 million devices running HarmonyOS 5 [2] - Neuralink aims to start brain-computer interface trials in October for individuals who have lost their ability to speak, allowing them to convert thoughts into text without a keyboard [3] - Xiaomi's collaboration with Apple allows for deeper integration of Apple CarPlay in Xiaomi vehicles, with over 50% of Xiaomi SU7 owners using Apple phones [4] Group 2: Regulatory and Compliance Responses - Weibo has established a special rectification team to address issues raised by regulatory authorities regarding the management of trending topics and information content [5] - Kuaishou has also formed a special team to improve its trending topic management mechanisms in response to regulatory feedback [6] - TikTok's parent company, ByteDance, is committed to complying with Chinese laws while ensuring TikTok's continued operation in the U.S. [7] Group 3: Business Collaborations and Investments - Midea Group and Huawei have signed a strategic cooperation agreement to leverage their strengths in technology and information communication across various sectors [9] - Zhejiang Shikong Daoyu has secured 2 billion yuan in investments for its global headquarters project and business development in satellite communications [15] - Baoli International plans to invest in semiconductor testing equipment company Hongtai Technology, reflecting confidence in the semiconductor testing industry [16] Group 4: Market and Product Launches - Taobao has launched a trial for its flash purchase group buying service in cities like Shanghai and Shenzhen, covering various food categories [8] - Microsoft will increase the prices of several Xbox consoles in the U.S. starting in October due to changes in the macroeconomic environment [10]

Core Viewpoint - The transformation of the glass industry in Shahe, Hebei Province, showcases the evolution from a small workshop to a modern industrial cluster, highlighting China's manufacturing upgrade and the development of new productive forces [1][4]. Industry Development - The Shahe glass industry has evolved from producing low-end building glass using recycled materials to adopting advanced technologies like float glass production, significantly enhancing efficiency and reducing energy consumption [3][4]. - Currently, Shahe produces 20% of the national glass output, with over 600 deep processing enterprises and more than 1,000 product varieties, establishing itself as one of the largest glass industry hubs in China [4]. Technological Innovation - The industry has embraced automation and intelligent production, with companies like Dejin Glass implementing unmanned operations and real-time monitoring systems to enhance production efficiency [2][3]. - The focus on high-end, intelligent, and green production has led to the establishment of advanced production lines for automotive glass and other high-tech applications, breaking foreign technology monopolies [3][4]. Futures Market Impact - The introduction of glass futures has enabled local enterprises to manage risks associated with seasonal price fluctuations and inventory challenges, transitioning from passive to proactive risk management strategies [5][6][7]. - The futures market has become an essential tool for over 80% of glass production capacity in Shahe, facilitating better resource allocation and production planning [8]. Collaborative Efforts - The glass industry in Shahe has developed a collaborative ecosystem where production, trade, and processing enterprises work together to utilize futures for risk management, enhancing overall industry resilience [8][9]. - Future initiatives will focus on integrating price management, financial circulation, and technological upgrades to further advance the industry's transformation towards high-end, intelligent, and green production [8][9].

Investment Rating - The investment rating for the company is maintained as "Buy" with a target price of 17.72 RMB [8][9]. Core Views - The company reported a revenue of 289 million RMB and a net profit attributable to shareholders of -13 million RMB for 2024, reflecting a year-on-year decline of 20.3% and 2.1 million RMB respectively, which aligns with the midpoint of the earnings forecast [1]. - In Q1 2025, the company achieved a revenue of 56 million RMB and a net profit of 0.5 million RMB, showing a year-on-year decline of 36.8% and 58.3% respectively, although the gross margin improved compared to the previous quarter [1]. - The company is focusing on overseas capacity expansion, particularly in the photovoltaic glass sector, with a planned investment of 240 million USD in a production line in the UAE, which is expected to enhance its international competitiveness [4]. - The company has a differentiated competitive advantage in ultra-thin glass products, with sales of 1.6mm ultra-thin photovoltaic glass accounting for over 50% of its total sales in 2024 [4]. Summary by Sections Financial Performance - The company’s revenue from solar glass, solar modules, electricity sales, and electronic glass products for 2024 was 262 million RMB, 4 million RMB, 5 million RMB, and 16 million RMB respectively, with year-on-year changes of -20.2%, -76.8%, -6.1%, and +68.7% [2]. - The overall gross margin for the company improved from 2.3% in Q4 2024 to 7.2% in Q1 2025, with expectations for continued improvement in Q2 as photovoltaic glass prices stabilize [2]. Cost and Cash Flow - The company’s expense ratio for 2024 was 7.2%, an increase of 1.7 percentage points year-on-year, driven by a decline in revenue [3]. - Operating cash flow improved significantly, reaching 340 million RMB in 2024, a year-on-year increase of 187.7%, primarily due to reduced cash payments for goods and services [3]. Profitability Forecast - The company’s EPS is projected to be 0.18 RMB, 0.80 RMB, and 0.90 RMB for 2025-2027, with upward adjustments of 18% and 9% for 2025 and 2026 respectively [5]. - The target price of 17.72 RMB corresponds to a PB ratio of 1.2x for 2025, reflecting the unique characteristics and first-mover advantages of the ultra-thin glass segment [5]. Market Position - The company is leveraging its early technology experience in TCO glass and mature electronic display panel technology to develop ITO conductive glass, which meets the market demand for high-strength, low-thickness cover glass for large-size perovskite products [4].

Investment Rating - The investment rating for the company is "Accumulate" with a target price of 17.72 RMB [8][9]. Core Views - The company reported a revenue of 289 million RMB and a net profit attributable to the parent company of -13 million RMB for 2024, reflecting a year-on-year decline of 20.3% and 2.1 million RMB respectively. The performance aligns with the midpoint of the earnings forecast [1]. - In Q1 2025, the company achieved a revenue of 56 million RMB and a net profit of 0.5 million RMB, showing a year-on-year decline of 36.8% and 58.3% respectively. Despite the decline in revenue and profit, the gross margin improved compared to the previous quarter [1]. - The company is focusing on overseas capacity expansion, with a planned investment of 240 million USD in the UAE to build a production line for 500,000 tons of photovoltaic glass annually, enhancing its international competitiveness [4]. - The company maintains a differentiated competitive strategy, with over 50% of its sales in ultra-thin photovoltaic glass in 2024, and is developing innovative technologies for ITO conductive glass to meet future market demands [4]. Summary by Sections Financial Performance - In 2024, the company’s revenue from solar glass, solar modules, electricity sales, and electronic glass was 262 million RMB, 4 million RMB, 5 million RMB, and 16 million RMB respectively, with year-on-year changes of -20.2%, -76.8%, -6.1%, and +68.7%. The gross margins were 2.8%, -2.0%, 28.7%, and 11.7% respectively [2]. - The overall gross margin improved from 2.3% in Q4 2024 to 7.2% in Q1 2025, with expectations for continued improvement in Q2 as photovoltaic glass prices stabilize [2]. Cost and Cash Flow - The company’s expense ratio for 2024 was 7.2%, an increase of 1.7 percentage points year-on-year, driven by a decline in revenue. The operating cash flow improved significantly to 340 million RMB, a year-on-year increase of 187.7% [3]. Market Position and Strategy - The company is enhancing its competitive edge through overseas capacity expansion and a focus on differentiated products, particularly in the ultra-thin glass segment [4]. - The company’s unique technology and early experience in TCO glass production position it well for future market demands in high-strength, low-thickness glass for perovskite products [4]. Earnings Forecast and Valuation - The earnings per share (EPS) forecast for 2025-2027 is adjusted to 0.18 RMB, 0.80 RMB, and 0.90 RMB respectively, reflecting an 18% and 9% increase from previous estimates. The target price is set at 17.72 RMB, based on a price-to-book ratio of 1.2x for 2025 [5].