Huatai Securities released a research report saying that during the downturn in the glass fiber industry, leading companies have obvious cost advantages, and a new round of cold repair technology reform and intelligent manufacturing is expected to drive industry costs down further. At the same time, differences in product structure will become the key to profit. At the end of March '24, glass fiber companies collectively issued price increase letters. Prices in the industry began to rise. The Q2-Q3 industry's effective supply increase is low and demand is expected to improve month-on-month. Inventory declines and prices may rise or be somewhat sustainable. The profits of glass fiber companies are expected to improve. The focus is on recommending leading companies with cost and product structure advantages, China Jushi (600176.SH), Sinoma Technology (002080.SZ), and Changhai Co., Ltd. (300196.SZ).
华泰证券：玻纤行业下行期头部企业成本优势明显 产品结构差异将成为盈利关键
Huatai Securities: The obvious cost advantage of leading companies in the downturn in the glass fiber industry, differences in product structure will become the key to profit
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