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    TONGYONG CLASS

    Investment analysis of automotive glass industry

    [Abstract]:
    Domestic passenger cars have entered the household since 2000. In recent 10 years, the growth rate of industry sales is much higher than that of developed countries. From 2006 to 2016, the compound gr
    Domestic passenger cars have entered the household since 2000. In recent 10 years, the growth rate of industry sales is much higher than that of developed countries. From 2006 to 2016, the compound growth rate of passenger car sales reached 16.8%. In 16 years, it benefited from the preferential policy of purchase tax on small displacement vehicles, which increased by 15.3% in the same year. Since this year, it has been affected by the decline of purchase tax policy. Sales growth rate of about 5%, due to the high domestic passenger car ownership, domestic passenger car sales growth is expected to slow down in the future.