On March 5, Amadon released a record of investor relations activities, referring to the current situation of the company's capacity layout, saying that the company's current photovoltaic glass production capacity is mainly distributed in Changzhou, Jiangsu, Fengyang, Anhui and Benxi, Liaoning. Inner Mongolia Ordos production base. The UAE base is an important direction of the company's current overseas capacity layout, and the new capacity will be launched around the project in the future.
Among them, Amadon Glass Industry Co., Ltd., the project company of the photovoltaic glass production line project with an annual output of 500,000 tons in the United Arab Emirates, has been registered and completed the overseas investment filing procedures. The follow-up company will promote the construction of the project in an orderly manner.
According to the previous announcement on April 28, 2025, Amadon (Middle East and North Africa) Co., Ltd., a wholly-owned subsidiary, set up Amadon Glass Industry Co., Ltd., a wholly-owned subsidiary in the United Arab Emirates, and invested 240.23 million US dollars (equivalent to about 1.73 billion RMB) to build a photovoltaic glass production line project with an annual output of 500,000 tons. The project includes a 1600 t/d glass melting furnace and supporting deep processing production line, with an estimated construction period of 18 months.
Amadon said that the investment and construction of the project meets the needs of the company's global development strategy and attracts the attention of customers at home and abroad, which is conducive to making full use of the local location and energy advantages, effectively reducing the company's production costs, expanding market share at home and abroad, and accelerating the layout of overseas photovoltaic glass production capacity. In order to flexibly respond to the complex and changeable international trade environment, radiate the markets of Europe, America, South Asia and the Middle East, and promote the business development of the Company in the international market, so as to enhance the competitiveness of the Company in the international market, achieve the long-term development goals of the Company and enhance the interests of all shareholders.
At the same time, Amadon disclosed in the exchange that the company's production base in Ordos, Inner Mongolia, has been officially put into operation.
It is reported that Amadon Ordos Base is a new deep processing base established by Amadon Company in order to implement its strategic layout and business development needs in the northern region, following the production bases in Changzhou, Jiangsu, Fengyang, Anhui and Benxi, Liaoning. Through cooperation with Inner Mongolia Yujing Technology Co., Ltd., a local supplier of photovoltaic embossed glass, to rent its plant to build a deep processing base in Ordos, Inner Mongolia, on the one hand, through local procurement of Inner Mongolia Yujing's photovoltaic embossed glass sheet, to reduce logistics, packaging, loss and other costs; On the other hand, it can make comprehensive use of local resources and energy advantages to achieve comprehensive cost reduction and production efficiency improvement.
In addition, Amadon revealed that the company already has the capacity to produce ITO glass, the key material for perovskite and thin film batteries. The company has maintained good strategic cooperative relations with enterprises such as Fiber Nano Optoelectronics and Xiexin Optoelectronics, which can be quickly introduced after the industrialization of the technology.
Amadon's annual performance forecast issued on January 31 shows that in 2025, the net profit attributable to shareholders of listed companies will be a loss of 100 million yuan to 120 million yuan, and the net profit after deducting recurring gains and losses will be a loss of 136 million yuan to 156 million yuan.
The following is the full text of the record of investor relations activities.
Q: What cooperation does the company currently have with North American customers? What is the current order status?
Answer: The company's solar tile glass and energy storage door related products are continuously supplied to North American customers, and there are new orders for traditional photovoltaic glass this year.
Ask: The distribution of the company's photovoltaic glass production capacity? And whether there will be new capacity in the future?
Answer: At present, the company's photovoltaic glass production capacity is mainly distributed in Fengyang, Anhui, Benxi, Liaoning, and Ordos, Inner Mongolia. The UAE base is an important direction of the company's current overseas capacity layout, and the new capacity will be launched around the project in the future.
Ask: What is the progress of the company's investment in the construction of a photovoltaic glass production line with an annual output of 500,000 tons in the United Arab Emirates? What are the advantages of local investment?
Answer: The project company, Amadon Glass Industry Co., Ltd., has been registered and has completed the filing procedures for overseas investment. The investment and construction of this overseas production capacity project meets the needs of the company's global development strategy, and is deeply concerned by customers at home and abroad, which is conducive to making full use of the local location and energy advantages, effectively reducing the company's production costs, expanding market share at home and abroad, and accelerating the layout of overseas photovoltaic glass production capacity, so as to flexibly respond to the complex and changeable international trade environment. Radiate the markets in Europe, America, South Asia and the Middle East, and promote the business development of the Company in the international market, so as to enhance the competitiveness of the Company in the international market, achieve the long-term development goals of the Company and enhance the interests of all shareholders.
Ask: What is the purpose of setting up a production base in Ordos, Inner Mongolia, and what is the current progress?
Answer: The production base has been officially put into production. Amadon Ordos New Materials Co., Ltd. is a deep processing base newly established by the company in order to implement the strategic layout and business development needs in the northern region, following the production bases in Changzhou, Jiangsu, Fengyang, Anhui and Benxi, Liaoning. Through cooperation with Inner Mongolia Yujing Technology Co., Ltd., a local supplier of photovoltaic embossed glass, the company rents its factory to build a deep processing base in Ordos, Inner Mongolia. On the one hand, it reduces the cost of logistics, packaging and loss by purchasing the original photovoltaic embossed glass of Inner Mongolia Yujing locally; On the other hand, it can comprehensively utilize the advantages of local resources and energy (850101) to achieve the reduction of comprehensive costs and the improvement of production efficiency, which is in line with the company's long-term development strategy and investment direction.
Ask: The company has been in the photoelectric display glass industry for many years. What is the current situation of the company's photoelectric display glass?
Answer: According to the company's technical layout in ultra-thin glass, the company has been able to achieve 0.3m (MMM) m-0.4mm in the field of electronic display glass. At the same time, benefiting from the recovery of consumer electronics in recent years, the company's shipments of photoelectric display glass products in 2025 have increased compared with previous years.
Ask: What is the technical progress of the company's perovskite battery?
Answer: The company now has the capacity of mass production of ITO glass. Compared with FTO glass, ITO glass has the advantages of large-size tempering, ultra-thin, high conductivity, high transmittance, high mechanical properties and less surface defects. At present, the company is constantly reserving and improving relevant technology and experience, and maintaining good strategic cooperative relations with fiber optoelectronics, Xiexin optoelectronics and other enterprises, which can be quickly introduced after the industrialization of the technology.
Ask: What is the company's future development strategy?
Answer: The company will continue to focus on the "two-wheel drive" development strategy of photovoltaic glass business and consumer electronic glass business, adhere to market demand and customer demand as the guide, effectively coordinate research, production and marketing, optimize product structure, improve industrial layout, and refine management and strengthen risk control. Steadily increase market share. At the same time, the United Arab Emirates will invest in the construction of a photovoltaic glass production line with an annual output of 500,000 tons in an orderly manner to enhance the company's international competitiveness, optimize the industrial layout and reduce operating costs. As a technological innovation enterprise, the company has always insisted on seeking development in innovation, not only continuously optimizing and upgrading the existing technology, but also actively laying out new technology fields, so as to continuously enhance the company's competitiveness and anti-cyclical fluctuation ability, and lay a solid foundation for the company's rapid development.
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