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Xinyi focuses on the development of solar energy products

with the national support for solar energy technology and the increase in market demand, dongqingshi, CEO of Xinyi Glass, has made no secret that the group will focus on the debugging method of the instrument circuit of the production and transfer of solar glass. Compared with that, many people actually do not understand the HRF development of bar products, and will operate as an independent team, It is expected that its first TC

o glass production line and its second photovoltaic glass production line are expected to be put into operation from the middle of the year to the second half of the year, and the capital expenditure this year will reach 700million yuan

the group yesterday announced its annual results for the year ended December last year, recording a turnover of 38. 9.4 billion yuan, an increase of 40% over the same period in 2007. 4%, and the profit attributable to shareholders, as the pillar industry of the regional economy, Taizhou Plastic industry increased by 5. 7% to 7. 0.9 billion yuan, earnings per share 41. 9 cents, with a final dividend of 9 cents per share

when attending the inaugural meeting of the industry yesterday, Dong Qingshi, presided over the performance meeting by Meng Qingjun, Deputy Secretary General of the association, said that the market demand for environmental friendly and energy-saving glass is increasing. With the support of policies, the company will focus on the development of solar glass products in the future. The photovoltaic glass production line with a daily melting capacity of 300 tons was put into operation in January last year, and another new photovoltaic glass production line with a daily melting capacity of 500 tons is also under construction, which is expected to be put into operation in the middle of the year. As for TCO glass production line, it can also be put into operation in the middle of this year, with an annual production capacity of 680000 square meters

Li Youyou, the chief operating officer, added that the capital expenditure for this year and the next was 700 million yuan each. During the review period, due to the adjustment of export tax rebate rate and the high cost of raw materials, the gross profit rate in 2008 increased from 38. 6% fell to 31. 1%。 However, with the ideal business performance, the sales volume in the first quarter increased by more than 10% compared with the same period last year, and the cost of raw materials also decreased. Therefore, it is expected that the gross profit margin this year can at least maintain the level of last year

on the other hand, Dong Qingshi also revealed that affected by the economic downturn, 43 of the 186 float glass production lines in the mainland needed to stop production at the end of last year, but the group was not affected. On the contrary, since the end of February, its float glass has increased its price five times to 1500 yuan per ton

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