Glass curtain wall industry is optimistic about the rapid growth of the future

The curtain wall industry demand will grow rapidly in recent years: With the advancement of urbanization, the number of large-scale cities will increase, and the demand for public glass such as regional landmark glass and cultural center will increase. International hotel giants have over 90 new hotels planned for 2010-2016 in China. With the increase of multinational corporations and the pursuit of high-quality office buildings by domestic companies, the demand for office buildings is very strong. The vacancy rate of office buildings in Beijing, Shenyang, Shanghai, and Wuhan dropped below 10%. In addition, in the overseas market, the Middle East and Asia-Pacific in the process of urbanization will be the regions with the fastest growing demand for curtain walls. The leading companies that have already gone abroad will benefit from the economic recovery of the region.

Currently, there are 122 companies in the domestic curtain wall market that have both qualifications of Class 1 curtain wall construction and Grade A curtain wall design qualifications. The degree of market concentration gradually increased, and the output value of the top 50 curtain walls accounted for the proportion of the total output value of the curtain wall industry from 43% in 2005 to 54% in 2008. The industry has high barriers to competition. Most of the country's landmark and regional key projects are contracted by top 50 curtain wall companies.

Glass curtain wall is mainly used for glass materials such as high-rise glass, large-span public glass, glass roof, special-shaped glass, etc. It has external protection and decoration functions. Compared with brick walls, the curtain walls are light and greatly reduce the weight of buildings. The Technical Specification for High-rise Glass Concrete Structures clearly states that high-rise glass exterior walls with a height of 150 meters or more should adopt various types of glass curtain walls, with good sound insulation, heat insulation and environmental protection effects.

The domestic curtain wall industry has developed rapidly. No wet work for easy construction. It can be manufactured in factories, shorten the construction period and save costs. From 2001 to 2010, the compound annual growth rate was 20.07%.

At the same time, the energy conservation policy has provided an opportunity for the development of the curtain wall industry. The "Eleventh Five-Year Plan" of the "Construction Project" focuses on the promotion of "insulation technology for glass doors and windows and glass curtain walls". “The 12th Five-Year Development Plan Outline of the China Glass Decoration Industry” pointed out that by 2015, the production value of the glass curtain wall industry will reach 400 billion yuan, and the average annual growth rate will be about 21.3%. The engineering output value of the largest leader in 2015 will strive to reach 350. About 100 million yuan.

Among the listed companies, curtain wall companies include river curtain walls, Jiayu shares, China Aviation Sanxin, Jinhao and Yaxia shares. With the largest scale, strongest technology, and high degree of internationalization, the rivers and curtain walls are the most advanced projects and are the industry leaders. The company benefited from the process of urbanization in the domestic and the Middle East, with an order growth rate of 90% in 2010. With sufficient orders in hand, the company's performance will grow explosively. Jiayu shares energy-efficient doors and windows and energy-saving curtain wall as its main business, with the highest gross profit and net profit rate in the industry. In the second half of this year, the company's IPO fund-raising project will reach production capacity, and its production capacity will double; next year, over-raised funds will be put into production and production capacity will increase again. The regional expansion was smooth and the new signing doubled in the first half of the year. The equity incentive mechanism is in place, and growth is expected to begin in the next two years. The main business of Yaxia shares and Jinshao still focuses on decoration. The number of hotel projects under construction has reached new heights this year. Meanwhile, other types of public-installed market segments, mainly subway and railway construction, also showed upward trend in 2011. The situation is that the two companies' decoration business orders are full and the performance will continue to grow rapidly. Yaxia shares have begun to make residential curtain walls in Zhejiang, and have project experience and technical advantages. The curtain wall business of the company will be rapidly developed after the promotion of residential curtain walls. Recommended river curtain wall, Jiayu shares, Yaxia shares and gold.