Luoyang possesses the national tech centre, which is the only large-scale glass manufacturing enterprise, capable of 0.7mm~25mm production. Luoyang Glass now has achieved abundant advantages and rich experience in float glass and glass processing technology after years of innovation. The enterprise owns 9 modernized production lines of float glass and annually produces 18 million weight cases of float glass in multi-specifications and high quality. The enterprise also has the largest comprehensive glass deep-processing base, with product series of automotive safety glass, construction safety glass and decorative glass and with overall processing capacity of 10 million square meters.
Market::
Reached acquisition agreement on 50% of the equity owned by Longxin glass (Luoyang Glass Group is a limited liability company and a 35.8% shareholder), with a turnover RMB 35,000. As Luoyang glass has the same type of business with Longxin glass, the board holds the opinion that the acquisition of Longxin equity share will enable Luoyang glass to participate in the Longxin glass business and eliminate competition with Luoyang glass. In addition, the equipment system and production line of Longxin glass will also promote the competitiveness of Luoyang Glass Group in glass industry.
Value research:
In the secondary market, after the ultra break in early period, this share shows obvious stability in short-term and is expected to form triple-dip support. The middle term possesses of continuous rebound chance.
Huaxun Financial Data Research Centre has conducted detection on support pressure through large institution system weighs volume pile, with a result of short term support price RMB 9 and pressure price RMB 10.6.
