6865
(1) A
(2)
H
14
1999
H H
113 115 116 118
H
H
24
H 183 54 H
1999
A
............................................................. 1
....................................................... 3
2020 A ................... 14
A .... 75
........................... 90
A
............................... 97
(2020-2022 ................... 107
A ....... 111
................................... 113
H ............................... 116
–i–
A A
A
A H
H H
H
A
H A
H 0.25
6865)
–1–
H H
2020 A
250,000
A A
30%
A H
%
–2–
6865
1999
6
11 6
(1) A
(2)
H
I.
(i) A
(ii) H
–3–
II. A
1. A
A
2. A
A 0.25
35
–4–
14A
20 80%
20 = 20
20
A 150,000
A 30% 45,000
–5–
45,000
A/H
A 439,358,400 22.53%
H 419,000 0.02%
A 350,532,000 17.98%
H 105,000 0.005%
A 324,081,600 16.62%
A 4,800,000 0.25%
A 52,002,000 2.67%
A 34,668,000 1.78%
A 34,668,000 1.78%
A 17,334,000 0.89%
A 11,556,000 0.59%
– A 231,000,000 11.85%
– H 449,476,000 23.05%
–6–
A/H
A 439,358,400 18.31%
H 419,000 0.02%
A 350,532,000 14.61%
H 105,000 0.004%
A 324,081,600 13.50%
A 4,800,000 0.20%
A 52,002,000 2.17%
A 34,668,000 1.44%
A 34,668,000 1.44%
A 17,334,000 0.72%
A 11,556,000 0.48%
– A 681,000,000 28.38%
– H 449,476,000 18.73%
A 6
–7–
A
12
250,000
1 75
163,260.98 140,000.00
2 4,200
53,860.12 35,000.00
3 75,000.00 75,000.00
292,121.10 250,000.00
–8–
1,450
75
75
3. A
A
–9–
4. A
250,000
1 75
163,260.98 140,000.00
2 4,200 53,860.12 35,000.00
3 75,000.00 75,000.00
292,121.10 250,000.00
A
5.
[2007]500
6. A
250,000
[2013]110
– 10 –
[2015]31
7. (2020 2022
[2013]42
[2012]37
3
(2020-2022
8. A
A
A
– 11 –
A
III.
14
1999
H
H 113 115 116 118
13.39(4)
H
H
H
H
H H
H
H
H
183 54 H
H
H
H
H
24 H
183 54
H
– 12 –
IV.
A
H
– 13 –
2020 A
1 A
2 35
– 14 –
2020 A
3 250,000
1 75 163,260.98 140,000.00
2 4,200 53,860.12 35,000.00
3 75,000.00 75,000.00
292,121.10 250,000.00
– 15 –
2020 A
4 A
A
30% A
A 30% 450,000,000
5
20 80% 20
= 20 20
– 16 –
2020 A
6
7
8
[2012]37 3
[2013]43
9
[2013]110
[2014]17
[2015]31
10 12
– 17 –
2020 A
........................................................ 1
.......................................................... 2
............................................................. 8
................................. 11
........................................... 11
............................. 12
........................... 17
................................ 17
.............................. 21
..................... 21
......................... 21
...................... 24
.................................. 24
....................... 24
....................... 24
.......... 32
.................... 35
............ 35
................................ 36
................ 37
– 18 –
2020 A
..................... 37
........................... 37
................................ 38
................................. 43
...................................... 43
............ 44
.................................. 45
.......................... 50
...... 50
................ 52
............ 52
.................................... 52
............ 54
........ 56
................................ 57
– 19 –
2020 A
A
601865 H 06865
A
250,000
2020
A
80%
2020 2022
2020
– 20 –
2020 A
2020
– 21 –
2020 A
380 780
W KW
MW GW 1GW=1,000MW=1,000,000KW=1,000,000,000W
– 22 –
2020 A
Flat Glass Group Co., Ltd
1998 6 24
48,750.00
A
A
A 601865
H
H
H 06865
1999
1999
314001
0573-82793013
0573-82793015
http://www.flatgroup.com.cn
flat@flatgroup.com.cn
– 23 –
2020 A
1
2015
(2015)
– 24 –
2020 A
2008
2018
2014
(2014-2020
2020
1
2015
– 25 –
2020 A
2015
2015
EVA
2016 2020
16 471 3.5
200
3,000
2016
– 26 –
2020 A
2018
2018-2020
2018 2018
2018 2018
2019 2019 5
2020 1
– 27 –
2020 A
2020 2020 3 2020
15 5
10
2
2019 BP
2018
24% 34%
58%
2019
BP 2018 29%
45% 2018
51%
24% 14%
IRENA 2050
25% 2018
2.2% 2.6%
8%
– 28 –
2020 A
3
2006
2006
2019 200 14.52%
173.1 33%
90%
4 531
2015
2018 5 31
2018
531
2018
IRR
Solarzoom 2018 6 2019 5
51.26GW 71.21%
– 29 –
2020 A
1
2018 531
2008-2019
0.14GW 204GW 1,450
2019 30.1GW
32% CIPA
2020 35.8GW-
48.9GW (IEA) 2030
1,721GW 2050 4,670GW
75
2
– 30 –
2020 A
2019 14%
2025 60%
4,200
3
35
– 31 –
2020 A
A
0.25
35
– 32 –
2020 A
20 80% 20
= 20
20
A 150,000
A 30% 45,000
A 6
– 33 –
2020 A
A
12
250,000
1 75 163,260.98 140,000.00
2 4,200 53,860.12 35,000.00
3 75,000.00 75,000.00
292,121.10 250,000.00
– 34 –
2020 A
111,929.60 57.40% A
111,877.20 A 74.58% 45,000
46.64% A
A 57.37%
– 35 –
2020 A
A
– 36 –
2020 A
250,000
1 75 163,260.98 140,000.00
2 4,200 53,860.12 35,000.00
3 75,000.00 75,000.00
292,121.10 250,000.00
75
1
– 37 –
2020 A
2,400 18
6 7,955.35
2
(1)
30%
Frost & Sullivan: Final Report for China’s Photovoltaic Glass Market
Study 2015
77.03% 2016 80.99% 2017
83.48% 2019
90%
1000 650
10%-20%
2
1,200
– 38 –
2020 A
(2)
2008-2019
0.14GW 204GW
1,450 2019
30.1GW 32%
CIPA
2020 35.8GW-48.9GW (IEA)
2030 1,721GW 2050
4,670GW
2017 2018 642 679
2019 2020
831 1014 22.4% 22.1%
75
(3)
– 39 –
2020 A
3
(1) 134,967
(2)
(3) 620
4
(1)
– 40 –
2020 A
(2)
163,260.98
T+12 T+18
22,966.75 – 22,966.75 14.07%
1 16,735.91 – 16,735.91 10.25%
2 647.84 – 647.84 0.40%
3 4,639.60 – 4,639.60 2.84%
4 943.40 – 943.40 0.58%
35,267.04 82,289.76 117,556.80 72.01%
1 35,267.04 82,289.76 117,556.80 72.01%
2,911.69 4,114.49 7,026.18 4.30%
– 15,711.26 15,711.26 9.62%
61,145.47 102,115.51 163,260.98 100.00%
(3)
18 6
5
2019 10 30
(2019) 0006447
486,853.00
6
2019-
341126-30-03-009989
– 41 –
2020 A
[2020]2
75
4,200
1
85,067 36,069
48,998
4,200
2
(1)
PID
– 42 –
2020 A
2019 14%
2025 60%
4,200
(2)
4,200
– 43 –
2020 A
3
(1) 85,067 36,069
48,998
(2)
4
(1)
(2)
53,860.12
T+12 T+18
14,477.71 6,503.19 20,980.90 38.95%
1 8,326.92 4,115.80 12,442.72 23.10%
2 1,947.74 235.19 2,182.93 4.05%
3 – 2,152.20 2,152.20 4.00%
4 4,203.05 – 4,203.05 7.80%
15,019.50 14,763.00 29,782.50 55.30%
1 15,019.50 14,763.00 29,782.50 55.30%
737.43 531.65 1,269.08 2.36%
– 1,827.64 1,827.64 3.39%
30,234.64 23,625.48 53,860.12 100.00%
(3)
18
– 44 –
2020 A
5
2019 1 31
(2019) 0003237
74,413.00
6
2019-
330411-30-03-003822-000
[2019]49
4,200
1
75,000.00
2
2017 2018 2019
297,451.14 303,980.17 475,588.67
2019
51.95%
– 45 –
2020 A
1
2006
1 (GB/T30984.1-2015)
(GB 30252-2013)
100
SPF
2008
2
– 46 –
2020 A
4
ISO9001 ISO14001
3C AS/NZS 2208:1996
ANSI Z97.1-2004 EN 12150-1:2000 SPF
SGS ROHS SVHC
3
2017
4,200
– 47 –
2020 A
4
Sunpower
– 48 –
2020 A
1
2
3
– 49 –
2020 A
75
4,200
111,929.60 57.40%
A 111,877.20 A 74.58%
45,000
– 50 –
2020 A
46.64% A A 57.37%
– 51 –
2020 A
2019 12 31 51.95%
– 52 –
2020 A
297,451.14 303,980.17 475,588.67
42,652.68 40,731.47 71,724.37
40,780.00 37,057.92
68,792.70 28.95% 26.94% 31.03%
2015 8
(70071980) 71.40% (70071980)
12.80% 67.10% 17.10%
2017 6 90.5%
4.2 0.2
– 53 –
2020 A
7007190 136.21
2018
2018 9 2018 9 24
2,000 10% 2019 5 2,000
25% 2,000
2019 4 23
60,000
2016
– 54 –
2020 A
1,800
38.84% 30.77%
30.93%
30%-40%
– 55 –
2020 A
– 56 –
2020 A
– 57 –
2020 A
[2012]37 3
[2013]43
1
2
3
4
5
20%
(1)
80%
(2)
40%
– 58 –
2020 A
(3)
20%
6
7
8
9
10
– 59 –
2020 A
18,360.00
51,702.84 35.51% 30%
2017 4,320 42,652.68 10.13%
2018 8,775 40,731.47 21.54%
2019 5,265 71,724.37 7.34%
18,360.00
51,702.84
35.51%
2017 11 20 2017
2017 4,320
2019 6 24 2018 2018
8,775
2019 11 26 2019
2019 5,265
– 60 –
2020 A
3
2020-2022
– 61 –
2020 A
2020 2022
1
(1)
(2)
(3)
– 62 –
2020 A
2
(1)
(2)
(3)
(4)
(1)
80%
(2)
40%
(3)
20%
– 63 –
2020 A
20%
3
2
– 64 –
2020 A
[2013]110
[2015]31
2020
1
2 2020 11
3
4 250,000
– 65 –
2020 A
5 2020 5 29 1,950,000,000
2020 6
2020 7
6 450,000,000
7 2019 717,243,708.67
2020 (1) 2019
10% (2) 2019 (3) 2019 10%
2020
8 2020 12 31 =2020
+2020 +
9
– 66 –
2020 A
2019 2020 2020.12.31
2019.12.31
195,000.00 195,000.00 240,000.00
366,865.37 451,288.84 451,288.84
144,142.17
250,000.00
2020 2019 10%
71,724.37 78,896.81 78,896.81
451,288.84 558,709.61 808,709.61
0.37 0.40 0.40
– 0.40 0.40
(%) 17.10 15.60 14.90
2020 2019
71,724.37 71,724.37 71,724.37
451,288.84 551,537.17 801,537.17
0.37 0.37 0.36
– 0.37 0.36
(%) 17.10 14.20 13.70
2020 2019 10%
71,724.37 64,551.93 64,551.93
451,288.84 544,364.73 794,364.73
0.37 0.33 0.32
– 0.33 0.32
(%) 17.10 12.90 12.40
– 67 –
2020 A
75
4,200
1 75
75
– 68 –
2020 A
2 4,200
4,200
3
1
2
– 69 –
2020 A
2006
2008
SPF
100
3
Sunpower
– 70 –
2020 A
2
3 [2013]43
2020-2022
– 71 –
2020 A
1
2
3
4
5
6
– 72 –
2020 A
7
1
2
3
– 73 –
2020 A
– 74 –
A
250,000
75 163,260.98 140,000.00
1
2 4,200 53,860.12 35,000.00
3 75,000.00 75,000.00
292,121.10 250,000.00
75
2,400 18
– 75 –
A
6 7,955.35
1
(1)
75
163,260.98
1) 134,967
2)
3) 620
18 6
– 76 –
A
(2)
163,260.98
T+12 T+18
22,966.75 – 22,966.75 14.07%
1 16,735.91 – 16,735.91 10.25%
2 647.84 – 647.84 0.40%
3 4,639.60 – 4,639.60 2.84%
4 943.40 – 943.40 0.58%
35,267.04 82,289.76 117,556.80 72.01%
1 35,267.04 82,289.76 117,556.80 72.01%
2,911.69 4,114.49 7,026.18 4.30%
– 15,711.26 15,711.26 9.62%
61,145.47 102,115.51 163,260.98 100.00%
163,260.98
140,000
(3)
12.93% 18
7.49
31,243.97 23,432.98
– 77 –
A
(4)
2019-341126-30-03-009989
[2020]2
75
4,200
85,067 36,069
48,998
4,200
1
(1)
4,200
53,860.12
1) 85,067 36,069
48,998
– 78 –
A
2)
18
(2)
53,860.12
T+12 T+18
14,477.71 6,503.19 20,980.90 38.95%
1 8,326.92 4,115.80 12,442.72 23.10%
2 1,947.74 235.19 2,182.93 4.05%
3 – 2,152.20 2,152.20 4.00%
4 4,203.05 – 4,203.05 7.80%
15,105.00 14,763.00 29,782.50 55.30%
1 15,019.50 14,763.00 29,782.50 55.30%
737.43 531.65 1,269.08 2.36%
– 1,827.64 1,827.64 3.39%
30,234.64 23,625.48 53,860.12 100.00%
53,860.12
35,000
(3)
7.77% 18 9.23
5,704.01
– 79 –
A
(4)
2019 1 31
(2019) 0003237
74,413.00
(5)
2019-
330411-30-03-003822-000
[2019]49
4,200
1
75,000.00
75
1
30%
– 80 –
A
Frost &
Sullivan Final Report for China’s Photovoltaic Glass Market Study
2015
77.03% 2016 80.99% 2017 83.48%
2019
90%
1,000
650 10%-20%
2
1,200
2
2008-2019
0.14GW 204GW 1,450
2019 30.1GW
32% CIPA
2020 35.8GW-
– 81 –
A
48.9GW (IEA) 2030
1,721GW 2050 4,670GW
2017 2018 642 679
2019 2020
831 1014 22.4% 22.1%
75
3
– 82 –
A
4,200
1
PID
2019 14%
2025 60%
– 83 –
A
4,200
2
4,200
2017 2018 2019
297,451.14 303,980.17 475,588.67
2019 51.95%
– 84 –
A
2006
1 (GB T30984.1-2015)
(GB 30252-2013)
100
SPF
2008
– 85 –
A
4
ISO9001 ISO14001
3C AS/NZS 2208: 1996
ANSI Z97.1-2004 EN 12150-1: 2000 SPF
SGS ROHS SVHC
2017
– 86 –
A
4,200
Sunpower
– 87 –
A
1
2
3
– 88 –
A
– 89 –
[2007]500
[2018]1959
2019 2 15 A
150,000,000 2.00
300,000,000.00 28,584,905.66
1,715,094.34 269,700,000.00
45,615,049.00
254,384,951.00
2019 2 11
(19) 00059
(388375753547) (8110801012801603829)
(1204060029000019640)
(359775769945) (1204060029000019764)
2019 12 31 255,917,471.78
32,625.64 1,499,895.14
– 90 –
2019 12 31
388375753547 –
8110801012801603829 –
1204060029000019640 –
359775769945 –
1204060029000019764 –
–
2019 12 31
2019 12 31
2019 4 26
90
254,384,951.00
(19) E00193 2019 12 31
– 91 –
2019 2 22
254,384,951.00
12
12
2019 12 31
2019
1,499,895.14
90
2018 12
90
70%
70%
133,726.00
– 92 –
20% 20%
2019 12 31
20% 20%
2019 12 31
2019 12 31
2020 2 [2020]294
145,000 A
6 2020 6 2 1,450
100 1,450,000,000.00
5,636,792.46 338,207.54
7,523,584.91 451,415.09 2020 6 2
1,886,792.45 113,207.55
– 93 –
1,444,025,000.00
1,113,817,000.00 2
367577640767 866,415,000.00
1204060029000024114 577,610,000.00
1,444,025,000.00
8,578,301.90 1,441,421,698.10
(20) 00225 2019 12 31
– 94 –
25,438.50 25,591.75
2019 25,591.75
2019 12 31
1 90 90 25,438.50 25,438.50 25,591.75 25,438.50 25,438.50 25,591.75 153.25 2
1
1
3.26 149.99
2 90
2018 12
– 95 –
1
2
2017 2018 2019 2
1 90 70%
133,726.00 165,004.90
1 90
2018 12 2017 2018
2 90
70%
70% 2019 133,726.00
– 96 –
A
A 250,000
[2013]110
[2015]31
2020
1
2 2020 11
3
– 97 –
A
4 250,000
5 2020 5 29 1,950,000,000
2020 6
2020 7
6 450,000,000
7 2019 717,243,708.67
2020 (1) 2019
10% (2) 2019 (3) 2019 10%
2020
8 2020 12 31 =2020
+2020 +
9
– 98 –
A
2019 / 2020 2020.12.31
2019.12.31
195,000.00 195,000.00 240,000.00
366,865.37 451,288.84 451,288.84
144,142.17
250,000.00
2020
2019
10%
71,724.37 78,896.81 78,896.81
451,288.84 558,709.61 801,709.61
0.37 0.40 0.40
– 0.40 0.40
(%) 17.10 15.60 14.90
2020
2019
71,724.37 71,724.37 71,724.37
451,288.84 551,537.17 801,537.17
0.37 0.37 0.36
– 0.37 0.36
(%) 17.10 14.20 13.70
2020
2019
10%
71,724.37 64,551.93 64,551.93
451,288.84 544,364.73 794,364.73
0.37 0.33 0.32
– 0.33 0.32
(%) 17.10 12.90 12.40
– 99 –
A
75
4,200
1 75
75
4,200
– 100 –
A
2 4,200
4,200
3
1
– 101 –
A
2
2006
2008
SPF
100
3
Sunpower
– 102 –
A
2
– 103 –
A
3 [2013]43
(2020-2022
1
2
3
– 104 –
A
4
5
6
7
1
2
– 105 –
A
3
– 106 –
2020-2022
[2013]42 [2012]37
3
2020-2022
– 107 –
2020-2022
(2020 2022
1
(1)
(2)
(3)
– 108 –
2020-2022
2
(1)
(2)
(3)
(4)
(1)
80%
(2)
40%
(3)
20%
– 109 –
2020-2022
20%
3
2
– 110 –
A
A
A
A
1
2
3
4
5
– 111 –
A
6
7
8
9
10
11 12
– 112 –
Flat Glass Group Co., Ltd.
6865
1999
1. A
2. A
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
(viii)
– 113 –
(ix)
(x)
3. A
4. A
5.
6. A
7. 2020 2022
8. A
– 114 –
1.
H 183 54
H 1999
A
A
2.
3.
4.
24 24 H
H 183
54
5.
6.
7. 1999
– 115 –
H
Flat Glass Group Co., Ltd.
6865
H
A
1999
H
1. A
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
(viii)
(ix)
– 116 –
H
(x)
2. A
3. A
– 117 –
H
1. H H
H
H
H 183 54
2. H H
3. H H
H
4. H H
24 H H
183 54
H
H
5. H H
H H
6. H
7.
8. 1999
– 118 –