Xinyi Glass Holding Co., Ltd. Business Report FY ended Dec. 2017
|(in million HKD)|
|FY ended Dec. 31, 2017||FY ended Dec. 31, 2016||Rate of change (%)||Factors|
-Improvement of China's float glass market
|Gross profit||5,444.11||4,659.25||16.85||-Strict control of production costs.|
-Focusing on technical research of float glasses, deep processing of glasses, films, and solar energy, in the field of energy saving and environmental protection.
-Guangdong Technology R＆D Center was evaluated as Provincial-level Enterprise Technology Center.
-On January 2009, the world's first R&D center of energy-saving and environmental glasses was established in Hong Kong.
-As of December, 2017, the group is holding nearly 200 R&D staff and has applied for 518 patents.
-The company is concerned with the construction of the communication platform of Production, Education & Research, and has built partnership with South China University of Technology, China Building Materials Academy, Tsinghua University, Shenzhen University, carrying on the basic study and application study of polymer science (traditional inorganic glass material, plastic and rubber, nano materials and so on), and energy-saving technology.
Pass the Audit
-On May 2016, Xinyi Automobile Glass (Shenzhen) Co.,Ltd., a subsidiary of Xinyi Glass, passed the emissions testing conducted by India BIS, laying the foundations of entering the India's market. (From a press release on June 1, 2016)
-On December 2012, Xinyi Automobile Glass (Dongguan) Co.,Ltd., a subsidiary of Xinyi Glass, won the award of 2012 "Simultaneous Product Development Award" from Beiqi Foton Motor Co., Ltd. (From a press release on December 28, 2012)
-In June 2018, the lighting ceremony of Float Glass 800T/D Production Line of Xinyi Glass Group was officially held in Malaysia Industrial Park, this is the second high-quality float glass production line of Xinyi Glass (Malaysia), which will supply products to Malaysia, Southeast Asia, Europe and America. (From a press release on June 29, 2018)
-In the second quarter of 2017, the first phase of the first oversea float glass assembly line in Malacca, Malaysia went into operation, and the second phase is under construction. The second phase has two assembly lines, both of which is able to produce 1,000 tons of molten glass per day. The two lines will go into operation in the second half of 2018. (From a press release on August 17, 2017)
-On December 2016, Xinyi Energy Smart (Malaysia) SDN.BHD fired the furnace of its new automotive float glass assembly line, which is able to produce 1,200 tons of molten glass per day. Malaysia industry park is Xinyi Glass's fitst oversea department. The success of the first float glass line, is the milestone for Xinyi Glass's float glass business. (From a press release on January 5, 2017)
-In November 2015, a float glass plant, with a total area of about 360,000 square meters was established in Malacca, Malaysia. It mainly produces float glasses and photovoltaic glasses. (From a press release in November 2015)
-On February 2014, Xinyi Glass Yingkou Plant fired the second furnace of its new automotive float glass assembly line, which is able to produce 1,000 tons of molten glass per day. (From a press release on February 13, 2014)