South Glass 350 million test water touch screen scale or for the future to win the Magic weapon

Apple's iphone and tablet ipad were sold on the mainland in mid-September.　　Hot sales quickly lit a a-share chase touch screen enthusiasm. September 27, "Daily economic news" was reported, which referred to the Lai Bao Gao Ke (002106, closing price of 55.40 yuan), Long letter technology (300088, closing price of 42.72 yuan), ultrasonic electronics (000823, closing price of 16.00 yuan), Offikang (002456, Before the closing price of 62.68 yuan) are in the future big publicity.　　In addition, last week, "Securities weekly" connected to the Wang Xing, Levin Securities representative village, for investors to explain in detail the company just announced the large Size touch screen project expansion issues. However, in several interviews with the industry, the reporter found that this round of the market seems to have a company has been forgotten.　　It is a low-key announcement of project investment planning, or will have a certain impact on the industry pattern in the future-CSG a (000012, closing price of 21.34 yuan). 350 million to build upstream raw materials to touch screen, the market mentions the most company is the high division, long letter technology, ultrasonic electronics and Offikang 4. Fang Hing Technology (600552, closing price 31.88 Yuan) holdings of 75% of the subsidiary Bengbu Huayi although with the long letter technology as the conductive film glass business, but has not focused on the development of capacitive touch screen, so in this round of the financial concerns less than 4 stocks.　　However, the situation has changed in the past few months. CSG is known for its market with flat glass. However, for the first time in its semi-annual report of July 22 this year, the company said it was preparing for a touch-screen operation.　　The company said that the capacitive touch-screen products applied to IPhone4 have passed the three-stage rigorous examination and certification of customers, and have been "volume produced in late June this year". In addition to capacitive touch screen production of the message, the same day, CSG also announced the board resolution: the company plans to take out 348 million yuan in Hebei to build a ultra-thin float glass production line, the main production 0.33mm~0.7mm ultra-thin glass. Project construction period of 13 months, after completion of the estimated annual production of about 30,000 tons of ultra-thin electronic glass. This may seem like an ordinary investment, but it is not as simple as the wording used in the bulletin.　　November 5, The daily economic news reporter from the CSG securities representative Li Tao, confirmed that this line produced ultra-thin glass, is for its capacitive touch screen production. Follow-up will be planning a complete industrial chain capacitive touch screen whole industry chain can be roughly divided into 3 links. Wealth Securities analyst Ouyang Hua said upstream is the glass substrate, South Glass in Hebei province, 30,000 tons of ultra-thin glass project, and then through the coating and lithography two main processes to become conductive film glass, Lai Bao Gao Ke, long letter technology and the current part of the South Glass business focused on this link; finally by the module enterprise processing,　　Become a capacitive touch screen on a mobile phone and a tablet computer. As the upstream raw materials of the glass substrate technology threshold is high, currently controlled by Japanese companies most of the market share, China's production enterprisesIndustry relies heavily on imports.　　Li Tao to the daily economic news reporter said that the domestic can now produce ultra-thin glass Enterprises only have St Luo Bo (600876, closing price of 7.90 yuan), but the quality of Luo glass is not stable, the product is not suitable for large-scale production, "so the company decided to do it themselves." On the size of the glass produced by CSG, Li Tao said the company's production capacity is 30,000 tons/year. But the company announced to enter the volume production of conductive film Glass, the current monthly production has reached about 30,000 pieces, if the quality of the neglect factor, one year shipments in 360,000 pieces. The specification of CSG conductive film Glass is 400mm*600mm. According to the reporter understand, long letter science and technology at present a conductive film glass can cut 28 piece ~30 piece 3.5 inch smartphone with touch screen. If calculated according to the above data, CSG now touch screen output of one year can supply 10.8 million large screen smartphone.　　In the first three quarters of this year, global smartphone sales were over 200 million, up 67% from a year earlier, according to a new report by IDC, the market research firm. When it comes to the future expansion of CSG, Li Tao says there is no such intention in the information currently announced. However, investors should note that the South glass in the touch-screen area of mind will not stop at the upstream glass substrate and the middle conductive glass. Nan Bo said in the semi-annual report, the company will further enhance the fine glass business related to the competitiveness of enterprises, the future will be built for its "from the substrate production to capacitive touch screen and module production complete industrial chain of independent development platform."　　In the light of the 2007 South Glass in the PV field layout, investors can not ignore the company's executive power. Future or to scale to win "the future of CSG will be the construction of 3 large plate, that is, plate and energy-saving glass, solar plate, fine glass display plate. Fine glass, energy-saving glass and photovoltaic will be the major increase in the performance of the next few years, especially in the fine glass touch screen industry chain will be the future development of the South Glass focus.　　Guotai analyst Hanchicheng said. Industry believes that, compared with peers, CSG future may become the industry's largest production capacity of enterprises, the industrial chain will be the most complete. At present, several focus on the development of capacitive touch screen, a A-share company, Lai Bao Gao Ke is a well-deserved leader. The company is mainly used in mobile phone 480,000/year small and medium size touch screen at the end of last year volume production, the second quarter after the start of heavy volumes, follow-up expansion of the 828,000 film/year will be put into production next January. The first half of the small and medium-sized product income of about 105 million yuan, in the total revenue accounted for more than 22%. Touch-screen products on the company's gross profit margin, the six-year report in the High division of higher-quality gross margin rose to 53%, compared to the last year's 43% higher than 10%. In addition, the Department also began to reserve the application of the tablet computer in the large size capacitive touch screen.　　Whether it is CSG or long letter, there is no such area. Long letter technology, the company's prospectus shows that as of the end of last year, the company's touch screen with Ito conductive glass production capacity of 2.2 million pieces/year; IPO fundraising project in MingIn the first half of the year, the actual production capacity will increase to 4.8 million pieces/year. Long letter technology will also extend to the downstream of the industrial chain. The company will use more than 330 million yuan to raise funds to build an annual output of 20 million small and medium size capacitive touch screen project, the construction period of two years; product positioning in small and medium-sized, that is, the main application areas for mobile phones, GPS, E-books, MP4, MP5, digital cameras and industrial control equipment.　　But the company stresses that it can also produce 10-inch ipad products based on market conditions. Compared with peers, the future advantage of CSG is to control the upstream main raw materials, from top to bottom of the complete industrial chain and a large scale. However, investors should note that the future of CSG in the touch-screen development is expected, but the current fine glass is difficult to match other business.