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Harbin Sayyas Windows (301227 CH) 擬對外投資加快UPVC新塑窗佈局 JV investment set to drive global growth and speed up new uPVC window business buildout BUY (maintain) 投資要點/Investment Thesis 投资要点/Investment Thesis 公司發佈對外投資公告 爲進一步豐富產品矩陣，圍繞“建築洞口解決方案”進行品類拓展，加快節能UPVC新塑窗的產業佈局，公司擬與秦皇島聖標共同出資設立森鷹窗業秦皇島有限公司（下文簡稱“目標公司”），註冊資本擬定爲6000萬元，其中公司認繳出資額爲3600萬元，出資佔比60%；秦皇島聖標認繳出資額爲2400萬元，出資佔比40%。 International market JV benefits from Shengbiao synergy in coverage expansion Sayyas recently announced plans to establish a JV with Qinhuangdao Shengbiao called Senying Window Industry Qinhuangdao Company. Sayyas wants to build up its business in energy-saving unplasticized polyvinyl chloride (uPVC) windows to en
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