Jiangsu Xiuqiang Glasswork Co Ltd
300160 · Household Durables · China
Jiangsu Xiuqiang Glasswork Co Ltd is a China-based company primarily engaged in the production of glass products. The Company’s main business is the research, development, production, and sales of deep-processed glass products based on printing, coating, and multi-curved surface technologies. The Company’s deep-processed glass products include glass products for home appliances, kitchen appliances, building integrated photovoltaic (BIPV), and new energy vehicle charging stations, which are mainly used in refrigerators, air conditioners, washing machines, ovens, microwave ovens, building facades, and new energy vehicle charging stations. The Company conducts its business in the domestic and overseas markets.
- Feedstock spread (price - input cost) (leading)
- Plant utilization rate (coincident)
- End-market demand (auto, construction, agri) (leading)
- Inventory destocking/restocking cycles (coincident)
- Specialty volume growth (trend)
- Energy/feedstock cost (Russia gas, Middle East oil) · exposure: high
- Trade tariffs on chemical exports/imports · exposure: medium-high
- Environmental regulation (EU REACH, US EPA) · exposure: high
- Agricultural policy (subsidies, fertilizer demand) · exposure: medium for agri-chem
- EBITDA margin % — 5-15% commodity; 15-25% specialty
- Capex/sales % — watch trough vs peak
- Plant utilization % — 82-92% healthy; <80% pressure
- ROIC — 10%+ specialty; 6-10% commodity through cycle
- Net debt / EBITDA — below 3.0x healthy; cyclical buffer
Detailed financial analysis, valuation snapshot, multi-period history, and AI narrative are pending — generated when this company is included in the next analysis batch. Profile data above is point-in-time as of 2026-04-30.