A-share changes | Saite New Materials (688398.SH) rose more than 7% and will bring vacuum insulation technology to the French Construction Show

The Zhitong Finance App learned that Saite New Materials (688398.SH) rose by more than 7%. As of press release, it had risen 7.55% to 21.38 yuan, with a turnover of 52.3627 million yuan.

According to the news, Saite New Materials announced on September 12 that the company will bring vacuum insulation technology to the 2026 Paris International Construction Exhibition to be held from September 28 to October 1, at booth number H1-N106. The exhibits cover building walls, vacuum insulation panels for roof insulation, and SuperVig vacuum glass facing transparent enclosures for doors, windows and curtain walls. The company said it will continue to explore more application boundaries of vacuum technology in the field of building energy efficiency.

Guosheng Securities said that as a leading enterprise in the vacuum insulation board industry, Saite New Materials has a deep moat in terms of scale, cost, and customers. The introduction of the new national standard for household refrigerators is expected to bring a significant increase in the domestic demand market for vacuum insulation panels. The company is leading the industry or fully benefiting from this round of opportunities; while continuing to consolidate its leading position in the field of home appliances, the company is actively developing new products such as four-sided sealed vacuum insulation boards and vacuum glass to actively cultivate the second and third long-term growth curve and further strengthen growth.