{"id":294,"date":"2025-12-20T20:28:09","date_gmt":"2025-12-20T17:28:09","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=294"},"modified":"2025-12-20T20:28:09","modified_gmt":"2025-12-20T17:28:09","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-cgcam-cagdas-cam-sanayi-2025-9-bilanco-analizi-%f0%9f%a7%bf","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/294","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #CGCAM | \u00c7a\u011fda\u015f Cam Sanayi 2025\/9 Bilan\u00e7o Analizi |  \ud83e\uddff"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"CGCAM   Made with Clipchamp\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/ojRCFAmv72E?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h1>Bir Faaliyet Raporundan \u00c7ok Daha Fazlas\u0131: \u00c7a\u011fda\u015f Cam\u2019\u0131n Gelece\u011fi \u015eekillendiren 4 S\u00fcrpriz Hamlesi<\/h1>\n<p>Kurumsal finansal raporlar, genellikle rakamlar\u0131n ve tablolar\u0131n ard\u0131na gizlenmi\u015f, anla\u015f\u0131lmas\u0131 g\u00fc\u00e7 belgeler olarak bilinir. Ancak baz\u0131 raporlar, dikkatle okundu\u011funda, bir \u015firketin sadece finansal sa\u011fl\u0131\u011f\u0131n\u0131 de\u011fil, ayn\u0131 zamanda teknolojik liderlik, ulusal enerji ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131 ve k\u00fcresel pazar hakimiyeti gibi hedefleri birle\u015ftiren \u00e7ok y\u00f6nl\u00fc bir stratejiyi nas\u0131l hayata ge\u00e7irdi\u011fini de g\u00f6zler \u00f6n\u00fcne serer. \u00c7a\u011fda\u015f Cam\u2019\u0131n son ara d\u00f6nem faaliyet raporu, tam da b\u00f6yle b\u00fct\u00fcnc\u00fcl bir vizyonun ve bu vizyonu destekleyen s\u00fcrpriz hamlelerin hikayesini anlat\u0131yor. Bu yaz\u0131da, rakamlar\u0131n \u00f6tesine ge\u00e7erek \u015firketin gelece\u011fi nas\u0131l \u015fekillendirdi\u011fini g\u00f6steren en \u00e7arp\u0131c\u0131 d\u00f6rt \u00e7\u0131kar\u0131m\u0131 mercek alt\u0131na al\u0131yoruz.<\/p>\n<p><b>Camdan Gelen G\u00fc\u00e7: Deprem Ara\u015ft\u0131rmalar\u0131na Enerji Veren Destek<\/b><\/p>\n<p>Raporda \u00f6ne \u00e7\u0131kan en etkileyici sosyal sorumluluk projesi, \u015firketin \u0130stanbul Teknik \u00dcniversitesi Marmara Denizi Deprem Ara\u015ft\u0131rmalar\u0131 Merkezi\u2019ne (\u0130T\u00dc MATAM) verdi\u011fi destekte gizli. \u00c7a\u011fda\u015f Cam, merkezin g\u00fcne\u015f enerjisi altyap\u0131s\u0131n\u0131n kurulmas\u0131 i\u00e7in sponsorluk \u00fcstlenmi\u015f durumda. Bu projenin en kritik amac\u0131, olas\u0131 b\u00fcy\u00fck bir deprem sonras\u0131nda ara\u015ft\u0131rma merkezinin kesintisiz enerji ihtiyac\u0131n\u0131 kar\u015f\u0131lamak. Bu hamle, basit bir nakdi ba\u011f\u0131\u015f\u0131n \u00e7ok \u00f6tesinde bir anlam ta\u015f\u0131yor; kurumsal yetkinli\u011fin toplumsal ihtiya\u00e7la m\u00fckemmel bir \u015fekilde hizaland\u0131\u011f\u0131, stratejik bir vizyonu ortaya koyuyor. \u015eirket, temel \u00fcretim alan\u0131 olan g\u00fcne\u015f enerjisi cam teknolojisindeki uzmanl\u0131\u011f\u0131n\u0131, \u00fclkenin afet haz\u0131rl\u0131\u011f\u0131 gibi hayati bir bilimsel alana do\u011frudan aktararak paradan \u00e7ok daha de\u011ferli, s\u00fcrd\u00fcr\u00fclebilir ve anlaml\u0131 bir \u00e7\u00f6z\u00fcm sunuyor.<\/p>\n<p><b>T\u00fcrkiye&#8217;nin Enerji D\u00f6n\u00fc\u015f\u00fcm\u00fcnde Bir Kilometre Ta\u015f\u0131: \u0130lk Yerli Bifacial Panel Cam\u0131<\/b><\/p>\n<p>Raporda dikkat \u00e7eken bir di\u011fer stratejik ba\u015far\u0131, \u015firketin May\u0131s 2025&#8217;te devreye ald\u0131\u011f\u0131 yeni \u00fcretim hatt\u0131. Bu hat, \u00e7ift y\u00fczeyli (bifacial) g\u00fcne\u015f panellerinde kullan\u0131lan 2 mm kal\u0131nl\u0131\u011f\u0131ndaki \u00f6zel camlar\u0131 \u00fcretiyor. Raporun alt\u0131n\u0131 \u00e7izdi\u011fi en \u00f6nemli nokta ise \u00c7a\u011fda\u015f Cam\u2019\u0131n bu \u00fcr\u00fcnle T\u00fcrkiye&#8217;deki <i>ilk yerli \u00fcretici<\/i> konumuna gelmi\u015f olmas\u0131. Bu geli\u015fme, yaln\u0131zca bir ticari ba\u015far\u0131 de\u011fil, ayn\u0131 zamanda T\u00fcrkiye&#8217;nin yenilenebilir enerji sekt\u00f6r\u00fcndeki d\u0131\u015fa ba\u011f\u0131ml\u0131l\u0131\u011f\u0131n\u0131 azaltma ve g\u00fcne\u015f panellerindeki yerlilik oran\u0131n\u0131 art\u0131rma hedefleri i\u00e7in de stratejik bir ad\u0131md\u0131r. Bu hamle, \u00c7a\u011fda\u015f Cam&#8217;\u0131 sadece bir \u00fcretici olarak de\u011fil, T\u00fcrkiye&#8217;nin ulusal enerji hedeflerine ula\u015fmas\u0131nda kilit bir ortak olarak konumland\u0131r\u0131yor. Bu teknolojik at\u0131l\u0131m, \u015firketin sadece yerli pazar\u0131 g\u00fc\u00e7lendirmekle kalmay\u0131p, ayn\u0131 zamanda uluslararas\u0131 arenada iddial\u0131 b\u00fcy\u00fcme hedeflerine ula\u015fmas\u0131 i\u00e7in de bir temel olu\u015fturuyor.<\/p>\n<p><b>22 Milyon Dolarl\u0131k B\u00fcy\u00fcme Hedefi: Sadece Bir Rakamdan Daha Fazlas\u0131<\/b><\/p>\n<p>\u015eirketin 1 Eyl\u00fcl 2025 tarihinde Manisa tesisi i\u00e7in onaylad\u0131\u011f\u0131 yeni yat\u0131r\u0131m karar\u0131, gelece\u011fe y\u00f6nelik iddial\u0131 hedeflerini somut bir \u015fekilde ortaya koyuyor. 2026&#8217;n\u0131n d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011finde tamamlanmas\u0131 hedeflenen bu yat\u0131r\u0131m\u0131n sonucunda y\u0131ll\u0131k ciroda yakla\u015f\u0131k <b>22 milyon dolarl\u0131k<\/b> ek bir art\u0131\u015f bekleniyor. Bu hedefi daha da anlaml\u0131 k\u0131lan detay ise beklenen bu art\u0131\u015f\u0131n %40&#8217;\u0131n\u0131n ihracat sat\u0131\u015flar\u0131ndan gelmesinin \u00f6ng\u00f6r\u00fclmesi. Bu net ve iddial\u0131 hedef, \u015firketin sadece pazar konumuna olan g\u00fcvenini de\u011fil, ayn\u0131 zamanda k\u00fcresel pazarda Asyal\u0131 \u00fcreticilere kar\u015f\u0131 &#8220;g\u00fcvenilir bir alternatif&#8221; olma stratejisini finanse etme kararl\u0131l\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Bu yat\u0131r\u0131m, \u015firketin global rekabet g\u00fcc\u00fcn\u00fc art\u0131rma ve uluslararas\u0131 pazarlardaki ayak izini geni\u015fletme plan\u0131n\u0131n finansal motoru olarak \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n<p><b>Manisa&#8217;dan D\u00f6rt K\u0131taya: Bir Global Ba\u015far\u0131 \u00d6yk\u00fcs\u00fc<\/b><\/p>\n<p>Raporun geneline yay\u0131lan veriler, yerel k\u00f6klere sahip bir sanayi \u015firketinin global bir oyuncuya d\u00f6n\u00fc\u015f\u00fcm hikayesini anlat\u0131yor. \u00c7a\u011fda\u015f Cam, Manisa ve Ayd\u0131n&#8217;daki tesislerinde \u00fcretti\u011fi y\u00fcksek katma de\u011ferli \u00fcr\u00fcnleri, bug\u00fcn itibar\u0131yla <b>d\u00f6rt k\u0131tada 28 farkl\u0131 \u00fclkeye<\/b> ihra\u00e7 ediyor. \u015eirketin kendisini k\u00fcresel pazarda Asyal\u0131 \u00fcreticilere kar\u015f\u0131 g\u00fcvenilir bir i\u015f orta\u011f\u0131 olarak konumland\u0131rmas\u0131, bu ba\u015far\u0131n\u0131n sadece niceliksel de\u011fil, ayn\u0131 zamanda stratejik bir derinli\u011fe sahip oldu\u011funu da g\u00f6steriyor. Bu tablo, Anadolu&#8217;dan \u00e7\u0131kan bir markan\u0131n, teknolojik yenilik\u00e7ili\u011fi ve stratejik yat\u0131r\u0131mlar\u0131 sayesinde uluslararas\u0131 tedarik zincirinde nas\u0131l sa\u011flam bir yer edinebilece\u011fine dair ilham verici bir \u00f6rnek sunuyor.<\/p>\n<p>\u00c7a\u011fda\u015f Cam&#8217;\u0131n faaliyet raporu, bir \u015firketin b\u00fct\u00fcnc\u00fcl bir stratejiyle nas\u0131l de\u011fer yaratt\u0131\u011f\u0131n\u0131 net bir \u015fekilde ortaya koyuyor. \u00d6nc\u00fc solar cam teknolojisiyle elde edilen <b>inovasyon<\/b> (ilk yerli bifacial cam), ihracat\u0131 hedefleyen 22 milyon dolarl\u0131k <b>stratejik b\u00fcy\u00fcmeyi<\/b> tetikliyor. Bu b\u00fcy\u00fcme, \u015firketin 28 \u00fclkeye uzanan <b>global eri\u015fimini<\/b> ve Asyal\u0131 \u00fcreticilere alternatif olma konumunu peki\u015ftiriyor. T\u00fcm bu ticari hamleler ise \u0130T\u00dc MATAM projesiyle somutla\u015fan <b>derin bir sosyal sorumluluk bilinciyle<\/b> demirleniyor. B\u00f6ylece rakamlar\u0131n arkas\u0131nda, birbiriyle ba\u011flant\u0131l\u0131 ve birbirini g\u00fc\u00e7lendiren par\u00e7alardan olu\u015fan b\u00fcy\u00fck bir hikaye oldu\u011fu anla\u015f\u0131l\u0131yor.<\/p>\n<p>G\u00fcndelik hayat\u0131m\u0131zda kulland\u0131\u011f\u0131m\u0131z \u00fcr\u00fcnlerin arkas\u0131nda, gelece\u011fimizi \u015fekillendiren ne gibi ba\u015fka gizli \u015fampiyonlar ve ilham verici hikayeler olabilir?<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">\u00c7a\u011fda\u015f Cam Sanayi ve Ticaret A.\u015e. 2025 \u00dc\u00e7\u00fcnc\u00fc \u00c7eyrek Durum Raporu<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>\u00c7a\u011fda\u015f Cam Sanayi ve Ticaret A.\u015e., 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda g\u00fc\u00e7l\u00fc bir operasyonel performans sergilemi\u015f ve stratejik b\u00fcy\u00fcme hedefleri do\u011frultusunda \u00f6nemli ad\u0131mlar atm\u0131\u015ft\u0131r. \u015eirket, global pazardaki zorlu rekabet ko\u015fullar\u0131na ve \u00fcr\u00fcn fiyatlar\u0131ndaki gerilemeye ra\u011fmen, kapasite art\u0131\u015f yat\u0131r\u0131mlar\u0131 sayesinde metrekare baz\u0131nda \u00fcretim ve sat\u0131\u015flar\u0131n\u0131 ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re art\u0131rm\u0131\u015ft\u0131r. D\u00f6nem has\u0131lat\u0131 1,79 milyar TL olarak ger\u00e7ekle\u015firken, maliyet optimizasyonu ve verimlilik art\u0131\u015flar\u0131 sayesinde br\u00fct k\u00e2r marj\u0131 %27,5&#8217;ten %28,3&#8217;e y\u00fckselmi\u015ftir. Net d\u00f6nem k\u00e2r\u0131 161,6 milyon TL olarak kaydedilmi\u015ftir.<\/p>\n<p>D\u00f6nemin \u00f6ne \u00e7\u0131kan stratejik geli\u015fmeleri aras\u0131nda Manisa tesisinde y\u0131ll\u0131k 22 milyon USD ek ciro getirmesi hedeflenen yeni bir kapasite art\u0131r\u0131m yat\u0131r\u0131m\u0131na karar verilmesi yer almaktad\u0131r. Ayr\u0131ca, May\u0131s 2025&#8217;te devreye al\u0131nan ve T\u00fcrkiye&#8217;de bir ilk olan 2 mm bifacial solar panel cam\u0131 \u00fcretim hatt\u0131, \u015firketin enerji camlar\u0131 segmentindeki liderli\u011fini ve teknik yeterlili\u011fini peki\u015ftirmi\u015ftir.<\/p>\n<p>Finansal yap\u0131, g\u00fc\u00e7l\u00fc likidite pozisyonu ile dikkat \u00e7ekmektedir. 30 Eyl\u00fcl 2025 itibar\u0131yla 3,21 olan cari oran ve 0,21 olan toplam bor\u00e7lar\/toplam aktifler oran\u0131, \u015firketin sa\u011flam mali yap\u0131s\u0131n\u0131 teyit etmektedir. Sosyal sorumluluk alan\u0131nda ise \u0130stanbul Teknik \u00dcniversitesi Deprem Ara\u015ft\u0131rmalar\u0131 Merkezi&#8217;ne (\u0130T\u00dc MATAM) yap\u0131lan sponsorluk, \u015firketin toplumsal fayda odakl\u0131 yakla\u015f\u0131m\u0131n\u0131 g\u00f6stermektedir. \u00c7a\u011fda\u015f Cam, d\u00f6rt k\u0131tada 28 \u00fclkeye yay\u0131lan ihracat a\u011f\u0131, yenilik\u00e7i \u00fcr\u00fcn portf\u00f6y\u00fc ve s\u00fcrd\u00fcr\u00fclebilirlik odakl\u0131 \u00fcretim anlay\u0131\u015f\u0131yla sekt\u00f6rdeki \u00f6nc\u00fc konumunu korumaktad\u0131r.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3>I. \u015eirket Profili ve Operasyonel Yap\u0131<\/h3>\n<h4>Genel Bak\u0131\u015f<\/h4>\n<p>K\u00f6kleri yar\u0131m asr\u0131 a\u015fan \u00c7a\u011fda\u015f Cam, cam i\u015fleme sekt\u00f6r\u00fcnde Avrupa&#8217;n\u0131n en b\u00fcy\u00fck kapasitelerinden birine sahip, global tedarik zincirinin \u00f6nemli bir halkas\u0131d\u0131r. \u015eirket, enerji camlar\u0131, beyaz e\u015fya camlar\u0131 ve ticari camlar olmak \u00fczere \u00fc\u00e7 ana segmentte faaliyet g\u00f6stermekte ve \u00fcretti\u011fi \u00fcr\u00fcnleri d\u00f6rt k\u0131tada 28 \u00fclkeye ihra\u00e7 etmektedir. Yenilik\u00e7i \u00fcr\u00fcn geli\u015ftirme, s\u00fcrd\u00fcr\u00fclebilirlik ve y\u00fcksek verimlilik odakl\u0131 \u00fcretim anlay\u0131\u015f\u0131yla sekt\u00f6rde lider konumdad\u0131r.<\/p>\n<h4>\u00dcretim Tesisleri ve Kapasite Art\u0131\u015flar\u0131<\/h4>\n<p>\u00c7a\u011fda\u015f Cam, stratejik olarak konumland\u0131r\u0131lm\u0131\u015f \u00fc\u00e7 modern tesiste \u00fcretim ve da\u011f\u0131t\u0131m faaliyetlerini s\u00fcrd\u00fcrmektedir:<\/p>\n<ul>\n<li><b>Manisa OSB Tesisi:<\/b> 41.000 m\u00b2&#8217;lik bu tesis, enerji camlar\u0131 \u00fcretimine odaklanm\u0131\u015ft\u0131r. 2025 y\u0131l\u0131nda devreye al\u0131nan yeni \u00fcretim hatt\u0131 ile bifacial solar cam \u00fcretim kapasitesi %40 oran\u0131nda art\u0131r\u0131lm\u0131\u015ft\u0131r. May\u0131s 2025&#8217;te faaliyete ge\u00e7en 2 mm kal\u0131nl\u0131\u011f\u0131nda bifacial panel cam\u0131 \u00fcretim hatt\u0131, T\u00fcrkiye\u2019de bu alandaki ilk yerli \u00fcretim olma \u00f6zelli\u011fini ta\u015f\u0131maktad\u0131r.<\/li>\n<li><b>Ayd\u0131n Kuyucak Tesisi:<\/b> 20.000 m\u00b2&#8217;lik alanda evsel, ticari beyaz e\u015fya camlar\u0131 ve enerji camlar\u0131 \u00fcretilmektedir. 2025 y\u0131l\u0131nda tamamlanan yat\u0131r\u0131mlarla yal\u0131t\u0131ml\u0131 cam \u00fcretim kapasitesi %60 art\u0131r\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Nazilli OSB Tesisi:<\/b> 10.000 m\u00b2&#8217;lik bu tesis, ticari cam \u00fcr\u00fcnlerinin ticareti ve da\u011f\u0131t\u0131m\u0131 i\u00e7in bir merkez olarak faaliyet g\u00f6stermekte olup, \u015ei\u015fecam D\u00fczcam \u00fcr\u00fcnlerinin Ege B\u00f6lgesi&#8217;ndeki yetkili sat\u0131c\u0131s\u0131d\u0131r.<\/li>\n<\/ul>\n<h4>S\u00fcrd\u00fcr\u00fclebilirlik ve Yenilenebilir Enerji<\/h4>\n<p>\u015eirket, \u00e7evresel s\u00fcrd\u00fcr\u00fclebilirli\u011fe verdi\u011fi \u00f6nem do\u011frultusunda yenilenebilir enerji yat\u0131r\u0131mlar\u0131na devam etmektedir. Manisa ve Nazilli tesislerinin \u00e7at\u0131lar\u0131na kurulan toplam <b>3,7 MW<\/b> g\u00fcc\u00fcndeki G\u00fcne\u015f Enerji Santralleri (GES) sayesinde t\u00fcketilen elektri\u011fin bir k\u0131sm\u0131 yenilenebilir kaynaklardan kar\u015f\u0131lanmakta ve karbon emisyonlar\u0131 azalt\u0131lmaktad\u0131r.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3>II. Kurumsal Y\u00f6netim ve Yap\u0131<\/h3>\n<h4>Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h4>\n<p>\u015eirketin kay\u0131tl\u0131 sermaye tavan\u0131 685.000.000 TL, \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi ise 168.000.000 TL&#8217;dir. Raporlama d\u00f6nemi i\u00e7inde ortakl\u0131k yap\u0131s\u0131nda bir de\u011fi\u015fiklik olmam\u0131\u015ft\u0131r. 30 Eyl\u00fcl 2025 itibar\u0131yla ortakl\u0131k yap\u0131s\u0131 a\u015fa\u011f\u0131daki gibidir:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Orta\u011f\u0131n Ad\u0131-Soyad\u0131\/Ticaret Unvan\u0131<\/td>\n<td>Sermayedeki Pay\u0131 (TL)<\/td>\n<td>Sermayedeki Pay\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>\u00d6mer Seyfettin Pirin\u00e7<\/td>\n<td>43.800.000<\/td>\n<td>26,07<\/td>\n<\/tr>\n<tr>\n<td>Serdar Ra\u015fit Pirin\u00e7<\/td>\n<td>27.400.000<\/td>\n<td>16,31<\/td>\n<\/tr>\n<tr>\n<td>Ra\u015fit Pirin\u00e7<\/td>\n<td>27.400.000<\/td>\n<td>16,31<\/td>\n<\/tr>\n<tr>\n<td>Bet\u00fcl Pirin\u00e7 Y\u0131ld\u0131z<\/td>\n<td>27.400.000<\/td>\n<td>16,31<\/td>\n<\/tr>\n<tr>\n<td>Halka A\u00e7\u0131k K\u0131s\u0131m<\/td>\n<td>42.000.000<\/td>\n<td>25,00<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam \u00d6denmi\u015f Sermaye<\/b><\/td>\n<td><b>168.000.000<\/b><\/td>\n<td><b>100,00<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4>Y\u00f6netim Kurulu ve \u00dcst D\u00fczey Y\u00f6netim<\/h4>\n<p>02 May\u0131s 2025 tarihli genel kurulda se\u00e7ilen Y\u00f6netim Kurulu, \u00fc\u00e7 y\u0131l s\u00fcreyle g\u00f6rev yapacakt\u0131r. G\u00f6rev da\u011f\u0131l\u0131m\u0131 a\u015fa\u011f\u0131daki \u015fekildedir:<\/p>\n<ul>\n<li><b>\u00d6mer Seyfettin Pirin\u00e7:<\/b> Y\u00f6netim Kurulu Ba\u015fkan\u0131<\/li>\n<li><b>Bet\u00fcl Pirin\u00e7 Y\u0131ld\u0131z:<\/b> Y\u00f6netim Kurulu Ba\u015fkan Vekili<\/li>\n<li><b>Serdar Ra\u015fit Pirin\u00e7:<\/b> Y\u00f6netim Kurulu \u00dcyesi<\/li>\n<li><b>Ra\u015fit Pirin\u00e7:<\/b> Y\u00f6netim Kurulu \u00dcyesi<\/li>\n<li><b>Mehmet Oktay \u00d6zbay:<\/b> Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/li>\n<li><b>Mehmet Y\u0131lmaz K\u00fc\u00e7\u00fck:<\/b> Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/li>\n<li><b>\u0130smet Ate\u015f:<\/b> Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/li>\n<\/ul>\n<p>\u015eirketin \u00fcst d\u00fczey y\u00f6netimi ise CEO Serdar Ra\u015fit Pirin\u00e7 liderli\u011finde faaliyetlerini s\u00fcrd\u00fcrmektedir.<\/p>\n<h4>Kurumsal Y\u00f6netim \u0130lkeleri<\/h4>\n<p>\u00c7a\u011fda\u015f Cam, Sermaye Piyasas\u0131 Kurulu\u2019nun Kurumsal Y\u00f6netim Tebli\u011fi\u2019ne tam uyum sa\u011flamak amac\u0131yla \u00e7al\u0131\u015fmalar\u0131n\u0131 s\u00fcrd\u00fcrmektedir. Bu kapsamda:<\/p>\n<ul>\n<li><b>Yat\u0131r\u0131mc\u0131 \u0130li\u015fkileri Birimi<\/b> 16.04.2025 tarihinde faaliyetlerine ba\u015flam\u0131\u015ft\u0131r.<\/li>\n<li>Y\u00f6netim Kurulu&#8217;nda kad\u0131n \u00fcye oran\u0131n\u0131 art\u0131rmak amac\u0131yla <b>%25 hedef oran\u0131<\/b> belirlenmi\u015f ve bir politika olu\u015fturulmu\u015ftur.<\/li>\n<li>Y\u00f6netim kurulu \u00fcyeleri ve \u00fcst d\u00fczey y\u00f6neticiler i\u00e7in toplam sorumluluk limiti <b>3.000.000 USD<\/b> olan bir Y\u00f6netici Sorumluluk Sigortas\u0131 poli\u00e7esi yapt\u0131r\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3>III. Stratejik Geli\u015fmeler ve Faaliyetler<\/h3>\n<h4>\u00d6nemli Yat\u0131r\u0131m Kararlar\u0131<\/h4>\n<ul>\n<li><b>Manisa Kapasite Art\u0131r\u0131m\u0131:<\/b> Y\u00f6netim Kurulu&#8217;nun 01.09.2025 tarihli karar\u0131yla Manisa yerle\u015fkesinde yeni bir kapasite art\u0131\u015f yat\u0131r\u0131m\u0131na ba\u015flanmas\u0131 kararla\u015ft\u0131r\u0131lm\u0131\u015ft\u0131r. Ekim 2025&#8217;te ba\u015flay\u0131p 2026&#8217;n\u0131n d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011finde tamamlanmas\u0131 hedeflenen bu yat\u0131r\u0131m\u0131n, y\u0131ll\u0131k yakla\u015f\u0131k <b>22 milyon USD ek ciro<\/b> sa\u011flamas\u0131 ve bu cironun <b>%40&#8217;\u0131n\u0131n ihracattan<\/b> elde edilmesi \u00f6ng\u00f6r\u00fclmektedir.<\/li>\n<li><b>\u0130thal \u0130kamesi ve Teknolojik Liderlik:<\/b> \u015eirket, T\u00fcrkiye\u2019de 2\u20132,5 mm kal\u0131nl\u0131kta bifacial panel cam\u0131n\u0131n ilk yerli \u00fcreticisi olarak ithal ikamesine ve g\u00fcne\u015f paneli bile\u015fenlerinde yerlilik oran\u0131n\u0131n artmas\u0131na \u00f6nemli bir katk\u0131 sa\u011flam\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h4>Operasyonel Geli\u015fmeler<\/h4>\n<ul>\n<li><b>\u015ei\u015fecam Ham Cam Da\u011f\u0131t\u0131m\u0131:<\/b> 04.08.2025 tarihinde al\u0131nan kararla, \u015ei\u015fecam markal\u0131 ham cam da\u011f\u0131t\u0131m faaliyetlerinin \u0130zmir-Manisa b\u00f6lgesinde daha rekabet\u00e7i maliyetlerle y\u00fcr\u00fct\u00fclmesi i\u00e7in Manisa tesisi de kullan\u0131lmaya ba\u015flanm\u0131\u015ft\u0131r. Bu hamlenin sat\u0131\u015f rakamlar\u0131na olumlu katk\u0131 yapmas\u0131 beklenmektedir.<\/li>\n<li><b>Maliyet Optimizasyonu:<\/b> Manisa OSB&#8217;deki tesislerin ticari cam depolama ve sevkiyat\u0131 i\u00e7in k\u0131smen kullan\u0131lmas\u0131 gibi yenilik\u00e7i \u00e7\u00f6z\u00fcmlerle maliyet avantaj\u0131 elde edilmi\u015ftir.<\/li>\n<\/ul>\n<h4>Yeni \u0130\u015f \u0130li\u015fkileri<\/h4>\n<p>2025 y\u0131l\u0131n\u0131n \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011finde \u00f6nemli yeni sipari\u015fler al\u0131nm\u0131\u015ft\u0131r:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>M\u00fc\u015fteri<\/td>\n<td>Sipari\u015f Tutar\u0131 (TL)<\/td>\n<td>Teslimat Tarihi<\/td>\n<\/tr>\n<tr>\n<td>Smart G\u00fcne\u015f Enerjisi Teknolojileri A.\u015e.<\/td>\n<td>62.891.640<\/td>\n<td>Kas\u0131m 2025 Sonu<\/td>\n<\/tr>\n<tr>\n<td>Smart G\u00fcne\u015f Enerjisi Teknolojileri A.\u015e.<\/td>\n<td>52.445.232<\/td>\n<td>Eyl\u00fcl 2025 Sonu<\/td>\n<\/tr>\n<tr>\n<td>Elin Elektrik \u0130n\u015faat A.\u015e.<\/td>\n<td>40.743.668<\/td>\n<td>Eyl\u00fcl 2025 Sonu<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3>IV. Finansal Performans Analizi<\/h3>\n<h4>Gelir Tablosu Analizi (01.01.2025 &#8211; 30.09.2025)<\/h4>\n<p>\u015eirket, 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda maliyet optimizasyonu ve verimlilik art\u0131\u015flar\u0131yla k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 korumu\u015ftur.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem (Milyon TL)<\/td>\n<td>9A 2025<\/td>\n<td>9A 2024<\/td>\n<td>De\u011fi\u015fim<\/td>\n<\/tr>\n<tr>\n<td><b>Has\u0131lat<\/b><\/td>\n<td>1.793,1<\/td>\n<td>2.046,0<\/td>\n<td>-12,4%<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td>507,0<\/td>\n<td>563,2<\/td>\n<td>-10,0%<\/td>\n<\/tr>\n<tr>\n<td><i>Br\u00fct K\u00e2r Marj\u0131<\/i><\/td>\n<td><i>%28,3<\/i><\/td>\n<td><i>%27,5<\/i><\/td>\n<td><i>+0,8 pp<\/i><\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet K\u00e2r\u0131<\/b><\/td>\n<td>284,4<\/td>\n<td>366,5<\/td>\n<td>-22,4%<\/td>\n<\/tr>\n<tr>\n<td><i>Esas Faaliyet K\u00e2r Marj\u0131<\/i><\/td>\n<td><i>%15,9<\/i><\/td>\n<td><i>%17,9<\/i><\/td>\n<td><i>-2,0 pp<\/i><\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem K\u00e2r\u0131<\/b><\/td>\n<td>161,6<\/td>\n<td>205,4<\/td>\n<td>-21,3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Global \u00fcr\u00fcn fiyatlar\u0131ndaki gerileme has\u0131latta d\u00fc\u015f\u00fc\u015fe neden olsa da, kapasite art\u0131\u015flar\u0131 sayesinde m\u00b2 baz\u0131nda sat\u0131\u015flar\u0131n artmas\u0131 cirodaki d\u00fc\u015f\u00fc\u015f\u00fc s\u0131n\u0131rlam\u0131\u015ft\u0131r. Verimlilik art\u0131\u015flar\u0131 ve maliyet optimizasyonu \u00e7al\u0131\u015fmalar\u0131, br\u00fct k\u00e2r marj\u0131n\u0131n artmas\u0131n\u0131 sa\u011flam\u0131\u015ft\u0131r.<\/p>\n<h4>Bilan\u00e7o Analizi ve Finansal Rasyolar (30.09.2025)<\/h4>\n<p>\u015eirketin bilan\u00e7osu, 30 Eyl\u00fcl 2025 itibar\u0131yla g\u00fc\u00e7l\u00fc ve sa\u011flam bir mali yap\u0131y\u0131 yans\u0131tmaktad\u0131r.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem (Milyon TL)<\/td>\n<td>30.09.2025<\/td>\n<td>31.12.2024<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td>5.252,9<\/td>\n<td>5.221,7<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam \u00d6zkaynaklar<\/b><\/td>\n<td>4.151,5<\/td>\n<td>3.988,9<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td>1.101,3<\/td>\n<td>1.232,8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u015eirketin finansal rasyolar\u0131, y\u00fcksek likidite ve d\u00fc\u015f\u00fck bor\u00e7luluk seviyesini g\u00f6stermektedir:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Rasyo<\/td>\n<td>30.09.2025<\/td>\n<td>31.12.2024<\/td>\n<\/tr>\n<tr>\n<td><b>Cari Oran<\/b><\/td>\n<td>3,21<\/td>\n<td>2,91<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Bor\u00e7lar \/ Toplam Aktifler<\/b><\/td>\n<td>0,21<\/td>\n<td>0,24<\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar \/ Toplam Bor\u00e7lar<\/b><\/td>\n<td>3,77<\/td>\n<td>3,24<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3>V. Sosyal Sorumluluk ve S\u00fcrd\u00fcr\u00fclebilirlik<\/h3>\n<h4>\u00c7evresel S\u00fcrd\u00fcr\u00fclebilirlik<\/h4>\n<p>\u015eirket, ISO 9001, 14001, 45001 ve 31000 y\u00f6netim sistemleri standartlar\u0131 do\u011frultusunda faaliyet g\u00f6stermektedir. GES yat\u0131r\u0131mlar\u0131n\u0131n yan\u0131 s\u0131ra, enerji ve su verimlili\u011fi, hammadde fire azalt\u0131m\u0131 ve karbon yo\u011funlu\u011funu d\u00fc\u015f\u00fcrmeye y\u00f6nelik projeler aktif olarak y\u00fcr\u00fct\u00fclmektedir.<\/p>\n<h4>Toplumsal Katk\u0131<\/h4>\n<p>\u00c7a\u011fda\u015f Cam, e\u011fitim, deprem haz\u0131rl\u0131\u011f\u0131 ve \u00e7evresel s\u00fcrd\u00fcr\u00fclebilirlik alanlar\u0131n\u0131 sosyal sorumluluk faaliyetlerinde \u00f6nceliklendirmektedir. Bu kapsamda, <b>\u0130stanbul Teknik \u00dcniversitesi Marmara Denizi Deprem Ara\u015ft\u0131rmalar\u0131 Merkezi&#8217;nin (\u0130T\u00dc MATAM)<\/b> b\u00fcy\u00fck bir deprem sonras\u0131nda kesintisiz enerji ihtiyac\u0131n\u0131 kar\u015f\u0131layacak olan g\u00fcne\u015f enerjisi altyap\u0131s\u0131n\u0131n kurulmas\u0131na sponsor olmu\u015ftur. Bu destek, \u015firketin topluma ve bilimsel ara\u015ft\u0131rmalara olan ba\u011fl\u0131l\u0131\u011f\u0131n\u0131n bir g\u00f6stergesidir.<\/p>\n<button class=\"simplefavorite-button\" data-postid=\"294\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Bir Faaliyet Raporundan \u00c7ok Daha Fazlas\u0131: \u00c7a\u011fda\u015f Cam\u2019\u0131n Gelece\u011fi \u015eekillendiren 4 S\u00fcrpriz Hamlesi Kurumsal finansal raporlar, genellikle rakamlar\u0131n ve tablolar\u0131n ard\u0131na gizlenmi\u015f, anla\u015f\u0131lmas\u0131 g\u00fc\u00e7 belgeler olarak bilinir. Ancak baz\u0131 raporlar, dikkatle okundu\u011funda, bir \u015firketin sadece finansal sa\u011fl\u0131\u011f\u0131n\u0131 de\u011fil, ayn\u0131 zamanda&#8230; <\/p>\n","protected":false},"author":1,"featured_media":295,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[57],"class_list":["post-294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-cgcam"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=294"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/294\/revisions"}],"predecessor-version":[{"id":296,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/294\/revisions\/296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/295"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}