On June 2, Almaden issued an announcement stating that it would invest in constructing a photovoltaic glass production line project with an annual output capacity of 500,000 tons in the United Arab Emirates (UAE). The company has established a wholly-owned subsidiary, Almaden Glass Industries Ltd, in the UAE through its wholly-owned subsidiary Almaden (Middle East and North Africa) Co., Ltd. Relevant industrial and commercial registration procedures have been completed, and the company has successfully obtained the “Industrial License” issued by Abu Dhabi Free Zone. The newly established subsidiary will primarily engage in businesses such as safety glass manufacturing, glass sheet and mirror production.
Founded on September 11, 2006, Almaden has a registered capital of 199.0625 million yuan. The company’s main business focuses on the research and development of photovoltaic glass coating technology, as well as the production and sales of photovoltaic coated glass. It has accumulated profound technological strength and market experience in the photovoltaic glass sector.
From a performance perspective, Almaden has maintained a certain growth trajectory in recent years. From 2021 to 2023, the company’s operating revenues were 2.032 billion yuan, 3.168 billion yuan, and 3.628 billion yuan, respectively, with year-on-year growth rates of 12.71%, 55.92%, and 14.52%. Net profits attributable to shareholders were 53.999 million yuan, 83.5934 million yuan, and 83.5087 million yuan, respectively, with year-on-year growth rates of -60.80%, 54.81%, and -0.10%. During the same period, the company’s asset-liability ratios were 32.72%, 34.79%, and 37.82%, respectively, indicating a relatively stable overall financial position.
