金晶科技(600586) - 金晶科技投资者活动记录表（一）

Group 1: Company Overview - The company primarily operates in float glass, photovoltaic glass, and soda ash businesses, with a focus on high-end and differentiated products accounting for nearly 60% of its output [4]. - The company has 12 float glass production lines, with 9 being wholly-owned or controlled and 3 being joint ventures [4]. - The annual production capacity of soda ash is approximately 1.5 million tons, with a significant portion supplied to the glass segment [4]. Group 2: Market and Demand Insights - The demand for photovoltaic glass is expected to grow, particularly in the BIPV market, supported by government initiatives [3]. - The company has seen a 50,000-ton reduction in industry inventory since the Spring Festival, indicating strong downstream demand for soda ash despite pandemic challenges [4]. - The company’s ultra-white glass production lines are positioned for high-end markets, with significant projects including the Shanghai Tower and Beijing Daxing International Airport [5]. Group 3: Production and Cost Management - The company has two ultra-white glass production lines, one in Zibo and another in Tengzhou, with the Zibo line being the highest quality and most recognized in the domestic market [5]. - Natural gas pricing is structured with seasonal variations, with costs slightly increasing in the non-heating season compared to the previous year [5]. - The cost of soda ash raw materials has decreased significantly since January, with coal and coke prices dropping by nearly 50% [4].