The "Light" photovoltaic "heavy" energy-saving plan of Jin Jing

The pursuit of thin-film battery glass concept stocks investors should be vigilant, market demand changes forced Jin Jing technology (600586, closing price of 13.21 yuan) "Get Cold Feet Change".　　With the production of solar cell Glass well-known Jin Jing yesterday disclosed the adjustment of the Non-public offering scheme, raise funds will be used to build two solar cell glass production line, as well as an energy-saving building glass production line.　　In December last year, the original issuance scheme, its investment projects include the construction of solar cell glass production line, and an annual output of 10 million square meters of solar processing glass materials Processing center. Enter energy-saving glass industry bulletin shows that Jin Jing Science and technology to be no less than 11.19 yuan/share of the price of non-public offerings not more than 140 million shares, is expected to raise 1.577 billion yuan, mainly for the construction of two 600 tons/　　Days of solar cell glass production line and an annual output of 10 million square meters low-e coated glass production line and supporting facilities. Compared with the original plan, in addition to the issue of price and the number of additional shares change, the project has also changed. Among them, the original plan to build including 600 tons/day and 1000 tons/day two solar cell glass production lines, and the new scheme is reduced to two 600 tons/day production line, at the same time, the original plan of the annual output of 10 million square meters of solar processing glass modified to the latest low-e coated glass production　　The latter is currently the most widely used energy-saving building glass. Coincidentally, this August 3, Jin Jing Science and Technology has issued a notice, to 81.2474 million yuan acquisition of the holding shareholder Jin Jing Group's low-e production line and related assets.　　The data show that the utilization rate of low-e glass in public buildings in China is only 10%, while the utilization rate of developed countries is at least 50% and the growth space is wide.　　The changes suggest that Jin Jing is slowing the pace of expansion of solar cell glass and seeking to enter energy-efficient building glass, according to a private-equity insider who once held a heavy warehouse glass stock in Shenzhen.　　It is noteworthy that Jin Jing technology has been the market is considered to be the leading solar cell glass, its share price soared in early 2009. Supply and demand changes to the company's gross profit margin for a sudden "change" reason, the company Dong-Dompausen in the daily economic news interview, said that the change is only the company according to market demand conditions to make the product adjustment. Dompausen said, "The use of energy-efficient glass, such as office buildings and housing, the market prospects better, but also in line with the trend of energy saving and emission reduction." "But the industry has a different view, that Jin Jing technology production of solar cell glass is experiencing demand pressure."　　It is understood that solar cells are divided into crystalline silicon and film two categories, the current domestic manufacturers of solar cell glass mainly used in crystalline silicon batteries, while the Jin Jing technology solar cell glass positioning relatively high-end, mainly for thin-film batteries. Huang Litu, a researcher at GF Securities, points out that crystalline silicon solar cells have dominated the market since the fall in polysilicon prices this year. Clearly, the development of downstream marketsJin Jing Technology solar cell glass demand is biased. The change of supply and demand can also be reflected from the gross profit margin of products. Half of the company reported that the first half of the year the company's solar Ultra White glass gross profit margin of 39% or so, down 9.44%.