On July 3, Fuyao Glass rose 3.29% in regular trading, trading at HKD 51.65/share, with turnover of HKD 9.63 million. The rally was driven by the official implementation of China's rural automobile subsidy policy on July 1, which offers significant subsidies for new energy vehicles and is expected to effectively stimulate end-market auto sales.

The policy is broadly positive for upstream auto parts suppliers. Fuyao Glass, as a global leading automotive glass manufacturer, reported Q1 revenue of RMB 10.413 billion, up 5.08% year-over-year, with market share continuing to expand. The company has been advancing product upgrades toward smart, integrated glass solutions, with single-vehicle glass value rising as new energy vehicles adopt larger glass areas with HUD, dimming, and antenna functionalities.

Within the Auto Parts and Equipment sector, the broader group strengthened significantly on the same day. Johnson Electric Holdings rose 9.31%, Joyson Electronics gained 7.51%, Minth Group advanced 5.27%, and CALB rose 3.83%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)