Fuyao Glass (03606) Posts 17.37% Drop in Interim Net Profit Attributable to Shareholders, Reaching RMB 3.97 Billion

Stock News
08/18

Fuyao Glass (03606) has announced its interim results for the six-month period ended June 30, 2026. The group generated revenue of RMB 21.971 billion, marking a year-on-year increase of 2.44%. However, profit attributable to owners of the company stood at RMB 3.97 billion, reflecting a decrease of 17.37% compared to the same period last year.

Earnings per share reached RMB 1.52 on a basic basis. The board has proposed an interim dividend of RMB 1.00 per share for 2026. During the reporting period, the company focused on its operational strategy, centering on "continuously creating value for customers," with a market-driven approach supported by technological innovation and standardized management, all aimed at enhancing the company's overall competitiveness.

Looking ahead to the second half of 2026, the global economy continues to face significant uncertainties. In response, Fuyao Glass is committed to maintaining a prudent and innovative mindset, carefully navigating each step forward. The company plans to coordinate its multi-regional market presence and implement a dual-driven strategy that balances domestic and overseas expansion. Additionally, it will deepen its focus on customer value by optimizing the full-process supporting service system to boost satisfaction and loyalty.

In line with the accelerating industry trend toward intelligent, integrated, and functional automotive glass, Fuyao Glass aims to break conventional thinking, strengthen market and cutting-edge technology research, and focus on independent innovation in core technologies. The company intends to leverage new technologies to develop fresh business growth points. Based on core dimensions such as acoustics, optics, electronics, and connectivity, it will develop differentiated and integrated intelligent solutions, advancing its transformation from a single-component supplier to a comprehensive intelligent cockpit system service provider, thereby broadening product boundaries and enhancing product value.

The company also plans to break down internal data silos by establishing an integrated digital platform and building a full-chain digital system. It will accelerate the intelligent upgrade of production lines, continuously expand application scenarios such as AI-powered inspection and digital gauges, and enhance the flexible and intelligent manufacturing capabilities of its production lines. Furthermore, Fuyao Glass will build a dual-track talent system combining "business experts and AI application specialists," promoting the deep integration of artificial intelligence into core business areas including R&D design, production control, market analysis, and customer service. Through intelligent enablement, professional insight, and technological innovation, the company is poised to drive high-quality growth.

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