Jin Jing's medium-term traditional glass harvest

Jin Jing Technology, which has been regarded as the new energy industry (600586, closing 11.77 Yuan), was released yesterday (August 26). The report shows that the company achieved net profit of 128 million yuan in the first half of the year, a large increase of 279.29%, but the company involved in the new energy business accounted for the proportion of total operating income is only 10%, and the first half of the operating profit rate is also declining.　　Corresponding to this, the company's traditional float glass operating income and operating profit margins have risen sharply, including high-grade float glass to achieve operating income of 382 million yuan, an increase of 129.8% per cent, operating profit rate increased by 12.52%.　　Ultra-white glass revenue accounted for 12% at least for now, Jin Jing technology is not a new energy company.　　Jin Jing Technology released yesterday, involving new energy business of ultra-white glass to achieve business income of 173 million yuan, an increase of 42.93%, but the proportion of total operating income is only 12.15%; ultra-white glass medium-term operating profit rate of 39.3%, the year-on-year decrease of 9.44%. According to the daily economic news reporter understand, glass is the thin film battery industry important raw materials, accounting for the proportion of total cost between 20%~30%, Ultra white glass is mainly used in photovoltaic glass and thin film battery industry.　　PV Glass is divided into two kinds of substrate deposition and package, substrate deposition is mainly ultra-white glass; in the thin film battery, in addition to the TCO conductive glass, the formation of packaging glass and substrate glass will use ultra white glass. "In our glass products, ultra-white glass and deep processing glass used in solar photovoltaic field, float glass used in energy-saving building," said a staff member of Jin Jing Securities department in an interview with reporters.　　"The newspaper showed that the Jin Jing technology of deep-processing glass revenue accounted for its total operating income ratio of only 1.9%, the basic can be ignored."　　and ultra white glass operating profit rate appears similar, Jin Jing Science and technology production and sales of deep-processing glass operating profit rate also decreased by 8.21%, to achieve operating income of 23.3301 million yuan, down 57.15% year-on-year. Although Jin Jing Science and technology related to new energy photoelectric applications of products operating profit rate has slipped, but its traditional main business float glass business income and operating profit margins have risen sharply, of which high-grade float glass to achieve operating income of 382 million yuan, an increase of 129.8% per cent,　　Operating profit rate increased 12.52% year-on-year, high-quality float glass to achieve revenue 405 million yuan, an increase of 10.15% per cent, operating profit rate increased by 9.32%.　　Fund retreat risk investment in the main business income increased substantially, the first half of the year Jin Jing technology to achieve net profit of 128 million yuan, an increase of 279.3%. Jin Jing from the reporting period of the management of science and technology, the company is not bad money, there are 947 million yuan of funds lying in the bank account "sleeping". The report shows that in the first half of this year, Jin Jing Technology held a total of 1.188 billion yuanGold。　　Bank deposits increased by 400 million yuan, amounting to 924 million yuan, of which 634 million yuan can be paid at any time.　　From its holdings of monetary funds, the total reached 1.477 billion yuan, of which 700 million yuan for bank loans to provide collateral collateral, 345 million yuan for a year expired long-term loans. A CPA said to reporters, "the company has no pressure on capital, cash flow is adequate, profitability is also strong." "It is worth mentioning that Jin Jing technology in the first half of this year, but not by the fund bullish." The report showed that in the first half of this year, the top 10 shareholders of unlimited conditions of sale, the fund has been from the original 7, into today's 4.　　Over the same period last year, the top six circulation shareholders were exclusively fund companies. Although the fund company has retreated, but the risk capital is increasing. The report shows that the first half of this year, the first 10 unlimited conditions of sale of shareholders, insurance companies add 2, the total reached 4, of which China life-personal dividend 005l-fh002 (Shanghai) to hold 9.4378 million shares ranked first.