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China's plate glass industry reports stable growth in 2019

Updated: Mar 23,2020 09:56 AM    Xinhua

BEIJING — China's plate glass industry registered stable development last year amid efforts of deepening the supply-side structural reform, according to the Ministry of Industry and Information Technology (MIIT).

In 2019, the output of plate glass totaled 930 million weight cases, up 6.6 percent year-on-year, the ministry said in an online statement.

In breakdown, tempered glass and insulating glass reported output growth of 4.4 percent and 7.6 percent respectively on a year-on-year basis.

The average factory prices of plate glass stood at 75.5 yuan ($10.78) per weight case during the period, a 0.2-percent increase from a year ago, MIIT data showed.

Despite the downward pressure, the sector's operating revenue extended to 84.3 billion yuan, up 9.8 percent year-on-year.

However, the plate glass industry reported decline in realized profits and sales margin compared with the previous year, according to the ministry.

The export value of plate glass in 2019 reached $1.51 billion, down 3 percent year-on-year, while the import value rose 5.5 percent to $3.51 billion, MIIT data showed.

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