HuLong Securities: Glass Fiber "Repricing Model" Initiated, Profitability in the Building Materials Industry Expected to Continue Improving

Hualong Securities released a research report indicating that the continuous introduction of real estate policies in the third quarter will drive the valuation recovery and fundamental improvement of the building materials industry. Although the cement market has entered the traditional peak season, the recovery in demand is insufficient, leading to a significant year-on-year decline in cement production. The glass fiber industry has initiated a price recovery model due to price increases, which is expected to enhance the industry's profitability. Overall, the building materials industry maintains a "recommended" rating

GF Securities: Some fiberglass companies are raising prices, and electronic yarn prices may see structural increases

Guangfa Securities released a research report stating that some fiberglass companies have raised product prices by 5%-10%, marking the initial effectiveness of industry self-discipline. This price increase is due to factors such as tariffs between China and the United States leading to continuous losses for companies. The price of electronic yarn remains stable, and the transaction prices of high-end products remain high. Key industry players are actively responding to the self-discipline agreement, and the profitability of the fiberglass industry is expected to continue to improve in the future. The consumer building materials market is also gradually recovering, with leading companies showing strong operational resilience

The construction materials sector has undergone a significant adjustment, with Guotong Co., Ltd. hitting the daily limit down, followed by declines in Kesheng New Materials, SDF, SCGS, KAIER MATERIALS, NINGBO FUDA, and CRPC

SDF released its performance for the first half of the year, turning a loss into a profit of 8.7277 million yuan

According to the Zhitong Finance APP, Shandong Glass Fiber released its semi-annual report for 2025. During the reporting period, the company achieved operating revenue of 1.129 billion yuan, a year-on-year increase of 11.20%. The net profit attributable to shareholders of the listed company was 8.7277 million yuan. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 5.6377 million yuan. The basic earnings per share were 0.01 yuan

SDF raises the upper limit of its share repurchase price to 10.22 yuan/share

Shandong Glass Fiber announced that it will adjust the upper limit of the share repurchase price from RMB 5.41 per share to RMB 10.22 per share, which has been approved by the board of directors and does not require a shareholders' meeting for deliberation. The repurchase plan will start in August 2024, with the original plan to use RMB 50 million to 100 million in funds, now adjusted to self-owned and self-raised funds. As of now, 6.22098 million shares have been repurchased, accounting for 1.0182% of the total share capital, with nearly RMB 30 million spent. This adjustment is due to changes in the capital market and stock prices, and it is expected that 1.95807 million to 6.850438 million shares will still need to be repurchased