Recently, Southern Glass A (000012. SZ) responded to investors' questions about UTG flexible glass on the interactive Q&A platform, stating that the related projects are actively progressing and have not yet formed production capacity and orders. According to public information, in early May, South Glass Group officially signed an investment cooperation agreement with Xianning High tech Zone to build a South Glass optical new material production base, with a focus on building a large-scale production base for optical new materials. At the same time, a research and innovation platform integrating functional new materials, new processes, and new equipment will be built, mainly involving UTG ultra-thin flexible glass and other products.

According to the 2025 annual report of China Southern Glass, the company has been deeply involved in the field of electronic glass for 15 years, and its ultra-thin electronic glass products have been recognized by the Ministry of Industry and Information Technology as the "Manufacturing Industry Single Champion". At present, Nanbo is one of the main suppliers of high-end electronic glass materials in China, covering various high, medium, and low-end markets in various application scenarios. The market share and brand influence of medium aluminum, high aluminum, and lithium aluminum silicon electronic glass products have maintained steady development. In 2025, the sales volume of South Glass electronic glass will be 287800 tons, and the electronic glass and display device industry will achieve a total operating income of 1.218 billion yuan. In the future, we will continue to focus on the development of application materials in fields such as smart homes, in car displays, advanced healthcare, new energy vehicles, and smart home appliances.

In recent years, the technological reserves of South Glass, especially in the field of optical new materials, have been continuously expanding. By 2025, the total R&D investment will reach 519 million yuan, with a focus on promoting the development and mass production of KK9 glass formulas, the development of high transparency conductive glass products for electronic paper, and the development of micro crystal slicing technology. Among them, the KK9 glass formula has been successfully mass-produced in Xianning Optoelectronics in August 2025 and is currently in the market promotion stage. It has preliminarily passed the performance verification of the cover plate factory and some end customers. Southern Glass stated in its annual report that this product is expected to fill the gap in the company's deep second tier product field, further enhance its competitiveness in the mid to high end second tier cover plate market, and help promote the domestic substitution of imported glass materials. In the project of high transparency conductive glass for electronic paper, South Glass has successfully developed ITO high transparency conductive glass products, which can be applied to the conductive substrate of electronic paper film. Currently, the product has been verified by customers and has achieved small batch shipment. Southern Glass stated that this product will promote the cross-border application of ITO glass products in the electronic paper industry, further enhancing Southern Glass's comprehensive competitiveness in the ITO glass market. In addition, the development project of microcrystalline slicing technology has completed batch trial production and is now entering the stage of capacity and customer resource reserve. The company stated that in the future, it will optimize its business structure through this product, thereby building a more resilient and sustainable development model.

In terms of intellectual property, as of the end of 2025, South Glass has accumulated 3675 patent applications, including 1637 invention patents, 2025 utility model patents, and 13 design patents; Accumulated 2728 patent authorizations, including 699 invention patents, 2016 utility model patents, and 13 design patents; The company also obtained 4 software copyrights and 2 data intellectual property rights. According to statistics, the number of patent applications and authorizations from South Glass ranks among the top in the industry. In addition, South Glass also has 23 national high-tech enterprises, 2 national level manufacturing industry single champion products, 1 national level engineering laboratory, and 7 national level specialized and innovative "little giants".