Announcement • Jun 30
Fuyao Glass Industry Group Co., Ltd. to Report First Half, 2026 Results on Aug 19, 2026 Fuyao Glass Industry Group Co., Ltd. announced that they will report first half, 2026 results on Aug 19, 2026 Declared Dividend • May 03
Dividend of CN¥1.20 announced Shareholders will receive a dividend of CN¥1.20. Ex-date: 13th May 2026 Payment date: 13th May 2026 Dividend yield will be 3.6%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but not covered by cash flows (145% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 22
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: CN¥0.66 (down from CN¥0.78 in 1Q 2025). Revenue: CN¥10.4b (up 5.1% from 1Q 2025). Net income: CN¥1.71b (down 16% from 1Q 2025). Profit margin: 16% (down from 21% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 22% per year. Announcement • Mar 30
Fuyao Glass Industry Group Co., Ltd. to Report Q1, 2026 Results on Apr 22, 2026 Fuyao Glass Industry Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 22, 2026 Announcement • Mar 24
Fuyao Glass Industry Group Co., Ltd., Annual General Meeting, Apr 21, 2026 Fuyao Glass Industry Group Co., Ltd., Annual General Meeting, Apr 21, 2026, at 14:30 China Standard Time. Location: company`s conference room, fuyao industrial zone, rongqiao economic & technological development zone, fuqing city, fujian province., China Reported Earnings • Mar 18
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CN¥3.57 (up from CN¥2.87 in FY 2024). Revenue: CN¥45.8b (up 17% from FY 2024). Net income: CN¥9.31b (up 24% from FY 2024). Profit margin: 20% (up from 19% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 06
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CN¥60.60. The fair value is estimated to be CN¥78.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 38% in the next 2 years. Buy Or Sell Opportunity • Jan 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to CN¥63.15. The fair value is estimated to be CN¥79.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 38% in the next 2 years. Announcement • Dec 26
Fuyao Glass Industry Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 18, 2026 Fuyao Glass Industry Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 18, 2026 Buy Or Sell Opportunity • Dec 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CN¥62.12. The fair value is estimated to be CN¥78.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 38% in the next 2 years. Reported Earnings • Oct 17
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: CN¥0.87 (up from CN¥0.76 in 3Q 2024). Revenue: CN¥11.9b (up 19% from 3Q 2024). Net income: CN¥2.26b (up 14% from 3Q 2024). Profit margin: 19% (in line with 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 21% per year. Upcoming Dividend • Oct 06
Upcoming dividend of CN¥0.90 per share Eligible shareholders must have bought the stock before 13 October 2025. Payment date: 13 October 2025. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 2.5%. Within top quartile of Chinese dividend payers (1.9%). Higher than average of industry peers (1.4%). Announcement • Sep 30
Fuyao Glass Industry Group Co., Ltd. to Report Q3, 2025 Results on Oct 16, 2025 Fuyao Glass Industry Group Co., Ltd. announced that they will report Q3, 2025 results at 3:00 PM, China Standard Time on Oct 16, 2025 Announcement • Sep 16
Fuyao Glass Industry Group Co., Ltd. Announces Board Changes Fuyao Glass Industry Group Co., Ltd. at its AGM held on September 16, 2025 approved Election of Ms. Liu Xiaozhi and Ms. Cheng Yan as an Independent Non-executive Director of the Eleventh Session of the Board of Directors. As Ms. Liu Xiaozhi has been elected as an independent non-executive Director at the EGM, Mr. Liu Jing retired from his positions of independent non-executive Director, chairman of the Remuneration and Assessment Committee and member of the Nomination Committee upon conclusion of the EGM. The Company would like to extend its sincere gratitude to Mr. Liu Jing for his contributions to the Board and the compliant operation and healthy development of the Company during his tenure. After the amendments to the Articles of Association take effect, the Company will no longer have the Board of Supervisors or any Supervisors. All Supervisors of the Company (Mr. Bai Zhaohua, Mr. Ma Weihua and Mr. Chen Mingsen) retired upon conclusion of the EGM. Buy Or Sell Opportunity • Sep 13
Now 21% undervalued Over the last 90 days, the stock has risen 23% to CN¥71.05. The fair value is estimated to be CN¥89.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Reported Earnings • Aug 20
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: CN¥1.06 (up from CN¥0.81 in 2Q 2024). Revenue: CN¥11.5b (up 21% from 2Q 2024). Net income: CN¥2.77b (up 32% from 2Q 2024). Profit margin: 24% (up from 22% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
Fuyao Glass Industry Group Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025 Fuyao Glass Industry Group Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025 Announcement • Jun 24
Fuyao Glass Industry Group Co., Ltd.(SHSE:600660) dropped from Shanghai Stock Exchange 180 Value Index Fuyao Glass Industry Group Co., Ltd. has been removed from Shanghai Stock Exchange 180 Value Index . Declared Dividend • May 05
Dividend increased to CN¥1.80 Dividend of CN¥1.80 is 38% higher than last year. Ex-date: 9th May 2025 Payment date: 9th May 2025 Dividend yield will be 3.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (58% earnings payout ratio) but not covered by cash flows (132% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 18
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: CN¥0.78 (up from CN¥0.53 in 1Q 2024). Revenue: CN¥9.91b (up 12% from 1Q 2024). Net income: CN¥2.03b (up 46% from 1Q 2024). Profit margin: 21% (up from 16% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 6.3%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Fuyao Glass Industry Group Co., Ltd. to Report Q1, 2025 Results on Apr 18, 2025 Fuyao Glass Industry Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 18, 2025 Announcement • Mar 26
Fuyao Glass Industry Group Co., Ltd., Annual General Meeting, Apr 17, 2025 Fuyao Glass Industry Group Co., Ltd., Annual General Meeting, Apr 17, 2025, at 14:30 China Standard Time. Location: company`s conference room, fuyao industrial zone, rongqiao economic & technological development zone, fuqing city, fujian province, China Reported Earnings • Mar 20
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: CN¥2.87 (up from CN¥2.16 in FY 2023). Revenue: CN¥39.3b (up 18% from FY 2023). Net income: CN¥7.50b (up 33% from FY 2023). Profit margin: 19% (up from 17% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Dec 27
Fuyao Glass Industry Group Co., Ltd. to Report Fiscal Year 2024 Results on Mar 19, 2025 Fuyao Glass Industry Group Co., Ltd. announced that they will report fiscal year 2024 results on Mar 19, 2025 Price Target Changed • Oct 19
Price target increased by 7.9% to CN¥63.25 Up from CN¥58.63, the current price target is an average from 17 analysts. New target price is 7.9% above last closing price of CN¥58.60. Stock is up 58% over the past year. The company is forecast to post earnings per share of CN¥2.84 for next year compared to CN¥2.16 last year. Reported Earnings • Oct 18
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: CN¥0.76 (up from CN¥0.49 in 3Q 2023). Revenue: CN¥9.97b (up 13% from 3Q 2023). Net income: CN¥1.98b (up 54% from 3Q 2023). Profit margin: 20% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 09
Now 21% undervalued Over the last 90 days, the stock has risen 15% to CN¥56.60. The fair value is estimated to be CN¥71.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Oct 01
Fuyao Glass Industry Group Co., Ltd. to Report Q3, 2024 Results on Oct 17, 2024 Fuyao Glass Industry Group Co., Ltd. announced that they will report Q3, 2024 results at 3:00 PM, China Standard Time on Oct 17, 2024 Announcement • Aug 29
Fuyao Glass Industry Group Co., Ltd. Announces Joint Company Secretary Changes The board of directors of Fuyao Glass Industry Group Co., Ltd. announced that Ms. Kwan Sau In ("Ms. Kwan") has been appointed to replace Ms. Kam Mei Ha ("Ms. Kam") as a joint company secretary of the Company and an authorized representative under Rule 3.05 of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), with effect from August 29, 2024. Ms. Kwan is a manager of Corporate Secretarial Services of Tricor Services Limited. She has over 10 years of the corporate secretarial and compliance experience for Hong Kong listed companies as well as multinational, private and offshore companies. Ms. Kwan is an associate member of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. She obtained a master's degree in law (Chinese Law) from The University of Hong Kong and a bachelor's degree of business administration in corporate administration from Hong Kong Metropolitan University (formerly known as The Open University of Hong Kong). Mr. Chen Xiangming, an executive Director of the Company, who possesses the requisite qualifications and experience as company secretary as required under Rule 3.28 of the Listing Rules, will continue to act as the other joint company secretary of the Company and will perform the duties of the company secretary together with Ms. Kwan. Reported Earnings • Aug 08
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: CN¥0.81 (up from CN¥0.74 in 2Q 2023). Revenue: CN¥9.50b (up 19% from 2Q 2023). Net income: CN¥2.11b (up 9.8% from 2Q 2023). Profit margin: 22% (down from 24% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Fuyao Glass Industry Group Co., Ltd. to Report First Half, 2024 Results on Aug 07, 2024 Fuyao Glass Industry Group Co., Ltd. announced that they will report first half, 2024 results on Aug 07, 2024 Declared Dividend • May 12
Dividend increased to CN¥1.30 Dividend of CN¥1.30 is 4.0% higher than last year. Ex-date: 17th May 2024 Payment date: 17th May 2024 Dividend yield will be 2.6%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 26
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: CN¥0.53 (up from CN¥0.35 in 1Q 2023). Revenue: CN¥8.84b (up 25% from 1Q 2023). Net income: CN¥1.39b (up 52% from 1Q 2023). Profit margin: 16% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Fuyao Glass Industry Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Fuyao Glass Industry Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Mar 23
Fuyao Glass Industry Group Co., Ltd., Annual General Meeting, Apr 25, 2024 Fuyao Glass Industry Group Co., Ltd., Annual General Meeting, Apr 25, 2024, at 14:00 China Standard Time. Location: Company's conference room located at Fuyao Industrial Zone Rongqiao Economic & Technological Development Zone Fuqing China Agenda: To consider the work Report of the Board of Directors for the Year 2023; to consider the work Report of the Board of Supervisors for the Year 2023; to consider the Final Financial Report for the Year 2023; to consider the Profit Distribution Plan for the Year 2023; to consider the 2023 Annual Report and Summary of Annual Report; to consider the reappointment of PricewaterhouseCoopers Zhong Tian LLP (Special General Partnership) as the Domestic Audit Institution and Internal Control Audit Institution of the Company for the Year 2024; to consider the reappointment of PricewaterhouseCoopers as the Overseas Audit Institution of the Company for the Year 2024; and to consider other matters. Price Target Changed • Mar 21
Price target increased by 7.0% to CN¥51.87 Up from CN¥48.47, the current price target is an average from 16 analysts. New target price is 24% above last closing price of CN¥41.72. Stock is up 21% over the past year. The company is forecast to post earnings per share of CN¥2.46 for next year compared to CN¥2.16 last year. Reported Earnings • Mar 16
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: CN¥2.16 (up from CN¥1.82 in FY 2022). Revenue: CN¥33.2b (up 18% from FY 2022). Net income: CN¥5.63b (up 18% from FY 2022). Profit margin: 17% (in line with FY 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 15
Fuyao Glass Industry Group Co., Ltd. Proposes Final Dividend for the Financial Year End December 31, 2023 Fuyao Glass Industry Group Co., Ltd. proposed final dividend of RMB 1.3 per share for the financial year end December 31, 2023. Announcement • Jan 18
Fuyao Glass Industry Group Co., Ltd. Announces Changes in Composition of the Board and Its Committees Fuyao Glass Industry Group Co., Ltd. announced that at its Extraordinary General Meeting held on January 16, 2024, approved the resolutions on the election of non-independent Directors of the eleventh session of the Board of Directors: elected Mr. Cho Tak Wong, Mr. Tso Fai, Mr. Ye Shu, Mr. Chen Xiangming, Ms. Zhu Dezhen, Mr. Wu Shinong as non-executive Directors of the eleventh session of the Board of Directors. The company also elected Mr. Liu Jing, Mr. Xue Zuyun, Mr. Dat Dzeng Hao Daniel as independent non-executive Director of the eleventh session of the Board of Directors. The company approved the election of shareholder representative Supervisors of the eleventh session of the Board of Supervisors and elected Mr. Ma Weihua, Mr. Chen Mingsen, as shareholder representative Supervisor of the eleventh session of the Board of Supervisors. As considered and approved by the Board of Supervisors, Mr. Bai Zhaohua, the employee representative Supervisor, was elected as the Chairman of the eleventh session of the Board of Supervisors with effect from January 16, 2024. The Board hereby announces that, as considered and approved by the Board of Directors, with effect from January 16, 2024, the members of the Audit Committee, the Nomination Committee, the Remuneration and Assessment Committee and the Strategy and Development Committee of the Company are as below: Audit Committee: Mr. Xue Zuyun (Chairman), Ms. Zhu Dezhen, Mr. Dat Dzeng Hao Daniel. Nomination Committee: Mr. Dat Dzeng Hao Daniel (Chairman), Mr. Tso Fai, Mr. Liu Jing. Remuneration and Assessment Committee: Mr. Liu Jing (Chairman), Mr. Cho Tak Wong, Mr. Xue Zuyun. Strategy and Development Committee: Mr. Cho Tak Wong (Chairman), Mr. Tso Fai, Mr. Dat Dzeng Hao Danie. As each of Mr. Xue Zuyun and Mr. Dat Dzeng Hao Daniel has been respectively elected as an independent non-executive Director at the EGM, each of Ms. CheungKit Man, Alison and Mr. Qu Wenzhou ceased to act as an independent non-executive Director upon conclusion of the EGM. Announcement • Dec 29
Fuyao Glass Industry Group Co., Ltd. to Report Fiscal Year 2023 Results on Mar 16, 2024 Fuyao Glass Industry Group Co., Ltd. announced that they will report fiscal year 2023 results on Mar 16, 2024 Reported Earnings • Oct 18
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: CN¥0.49 (down from CN¥0.58 in 3Q 2022). Revenue: CN¥8.79b (up 17% from 3Q 2022). Net income: CN¥1.29b (down 15% from 3Q 2022). Profit margin: 15% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 8.6%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Fuyao Glass Industry Group Co., Ltd. to Report Q3, 2023 Results on Oct 17, 2023 Fuyao Glass Industry Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 17, 2023 Reported Earnings • Aug 18
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: CN¥0.74 (up from CN¥0.58 in 2Q 2022). Revenue: CN¥7.98b (up 26% from 2Q 2022). Net income: CN¥1.92b (up 27% from 2Q 2022). Profit margin: 24% (in line with 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 56%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Fuyao Glass Industry Group Co., Ltd. to Report First Half, 2023 Results on Aug 17, 2023 Fuyao Glass Industry Group Co., Ltd. announced that they will report first half, 2023 results on Aug 17, 2023 Announcement • May 11
Fuyao Glass Industry Group Co., Ltd. Declares Final Dividend, Payable on 16 June 2023 Fuyao Glass Industry Group Co., Ltd. declared dividend of RMB 1.25 per share for the financial year end 31 December 2022. Ex-dividend date is 23 May 2023. Record date is 01 June 2023. Payment date is 16 June 2023. Reported Earnings • Mar 17
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: CN¥1.82 (up from CN¥1.23 in FY 2021). Revenue: CN¥28.1b (up 19% from FY 2021). Net income: CN¥4.76b (up 51% from FY 2021). Profit margin: 17% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 21% per year. Announcement • Jan 19
Fuyao Glass Industry Group Limited Provides Group Earnings Guidance for the Year Ended December 31, 2022 Fuyao Glass Industry Group Limited provided group earnings guidance for the year ended December 31, 2022. The company announced that, based on the preliminary assessment made in the consolidated management accounts of the group for the year ended December 31, 2022 which have not been audited or reviewed, the group's profit attributable to the owners of the company for the year ended December 31, 2022 is expected to be between approximately RMB 4,718 million and RMB 5,033 million (2021: RMB 3,146 million), representing an increase of between 50% and 60% year-on-year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Jing Liu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 21
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: CN¥0.58 (up from CN¥0.32 in 3Q 2021). Revenue: CN¥7.54b (up 34% from 3Q 2021). Net income: CN¥1.52b (up 84% from 3Q 2021). Profit margin: 20% (up from 15% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 47%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Oct 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥1.66 to CN¥1.86. Revenue forecast steady at CN¥27.7b. Net income forecast to grow 30% next year vs 68% growth forecast for Auto Components industry in China. Consensus price target broadly unchanged at CN¥47.54. Share price was steady at CN¥36.10 over the past week. Reported Earnings • Aug 31
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: CN¥0.58 (up from CN¥0.36 in 2Q 2021). Revenue: CN¥6.36b (up 8.9% from 2Q 2021). Net income: CN¥1.51b (up 65% from 2Q 2021). Profit margin: 24% (up from 16% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) exceeded analyst estimates by 69%. Over the next year, revenue is forecast to grow 19%, compared to a 38% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 13
Fuyao Glass Industry Group Co., Ltd. to Report First Half, 2022 Results on Aug 30, 2022 Fuyao Glass Industry Group Co., Ltd. announced that they will report first half, 2022 results on Aug 30, 2022 Buying Opportunity • Aug 10
Now 20% undervalued Over the last 90 days, the stock is up 2.1%. The fair value is estimated to be CN¥47.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has declined by 4.9%. Revenue is forecast to grow by 37% in 2 years. Earnings is forecast to grow by 67% in the next 2 years. Price Target Changed • May 26
Price target increased to CN¥42.78 Up from CN¥39.68, the current price target is an average from 17 analysts. New target price is 11% above last closing price of CN¥38.70. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥1.55 for next year compared to CN¥1.23 last year. Announcement • May 12
Fuyao Glass Industry Group Co., Ltd. Announces Final Dividend for the Financial Year End 31 December 2021, Payable on 17 June 2022 Fuyao Glass Industry Group Co., Ltd. announced final dividend of RMB 10 per 10 share for the financial year end 31 December 2021. Date of shareholders' approval is 28 April 2022. Ex-dividend date is 24 May 2022. Record date is 01 June 2022. Payment date is 17 June 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Jing Liu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Apr 15
Price target decreased to CN¥41.08 Down from CN¥44.89, the current price target is an average from 14 analysts. New target price is 29% above last closing price of CN¥31.89. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥1.50 for next year compared to CN¥1.23 last year. Price Target Changed • Apr 13
Price target decreased to CN¥41.90 Down from CN¥45.81, the current price target is an average from 15 analysts. New target price is 34% above last closing price of CN¥31.18. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥1.62 for next year compared to CN¥1.23 last year. Announcement • Mar 31
Fuyao Glass Industry Group Co., Ltd. to Report Q1, 2022 Results on Apr 14, 2022 Fuyao Glass Industry Group Co., Ltd. announced that they will report Q1, 2022 results on Apr 14, 2022 Price Target Changed • Mar 18
Price target decreased to CN¥49.80 Down from CN¥55.67, the current price target is an average from 13 analysts. New target price is 39% above last closing price of CN¥35.71. Stock is down 22% over the past year. The company is forecast to post earnings per share of CN¥1.61 for next year compared to CN¥1.23 last year. Reported Earnings • Mar 18
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥1.23 (up from CN¥1.04 in FY 2020). Revenue: CN¥23.6b (up 19% from FY 2020). Net income: CN¥3.15b (up 21% from FY 2020). Profit margin: 13% (in line with FY 2020). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 14%, compared to a 34% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥36.71, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Auto Components industry in China. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.72 per share. Announcement • Mar 06
Fuyao Glass Industry Group Co., Ltd. to Report Fiscal Year 2021 Results on Mar 17, 2022 Fuyao Glass Industry Group Co., Ltd. announced that they will report fiscal year 2021 results on Mar 17, 2022 Reported Earnings • Oct 29
Third quarter 2021 earnings released The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: CN¥5.61b (flat on 3Q 2020). Net income: CN¥826.5m (up 8.9% from 3Q 2020). Profit margin: 15% (up from 13% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥49.30, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Auto Components industry in China. Total returns to shareholders of 133% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥32.24 per share. Price Target Changed • Aug 10
Price target increased to CN¥57.82 Up from CN¥53.84, the current price target is an average from 18 analysts. New target price is 9.7% above last closing price of CN¥52.72. Stock is up 80% over the past year. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS CN¥0.36 (vs CN¥0.20 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥5.84b (up 48% from 2Q 2020). Net income: CN¥914.0m (up 81% from 2Q 2020). Profit margin: 16% (up from 13% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Announcement • May 14
Fuyao Glass Industry Group Co., Ltd. Proposes Distribution for 2020, Payable on or before August 13, 2021 Fuyao Glass Industry Group Co., Ltd. has put forward the profit distribution plan for 2020 to the AGM held on June 17, 2021 for consideration, pursuant to which the company will make distribution of cash dividend for the year ended December 31, 2020 of RMB 7.5 per 10 Shares (tax inclusive) to all Shareholders of the company. To determine the name list of H Shareholders eligible to attend the AGM, the company will close registration for H Share transfers from June 11, 2021 to June 17, 2021 (both days inclusive). H Shareholders of the Company whose names appear on the H Share register of members of the Company at the close of business on June 11, 2021 are entitled to attend and vote at the AGM. Pursuant to the current work plan of the company, it is expected that dividends will be paid on or before August 13, 2021. Where there is any change in the aforesaid expected distribution date of dividend, related announcement will be published by the Company in a timely manner. The company will separately announce the details regarding the distribution of dividend in due course. Announcement • May 12
Fuyao Glass Industry Group Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 4.338305 billion. Fuyao Glass Industry Group Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 4.338305 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 101,126,000
Price\Range: HKD 42.9
Transaction Features: Subsequent Direct Listing Reported Earnings • Apr 17
First quarter 2021 earnings released: EPS CN¥0.34 (vs CN¥0.18 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥5.71b (up 37% from 1Q 2020). Net income: CN¥855.3m (up 86% from 1Q 2020). Profit margin: 15% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥1.04 (vs CN¥1.16 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥19.9b (down 5.7% from FY 2019). Net income: CN¥2.60b (down 10% from FY 2019). Profit margin: 13% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥49.13, the stock is trading at a trailing P/E ratio of 54x, down from the previous P/E ratio of 65.9x. This compares to an average P/E of 33x in the Auto Components industry in China. Total returns to shareholders over the past three years are 109%. Announcement • Jan 19
Fuyao Glass Industry Group Co., Ltd. to Report Fiscal Year 2020 Results on Mar 30, 2021 Fuyao Glass Industry Group Co., Ltd. announced that they will report fiscal year 2020 results on Mar 30, 2021 Price Target Changed • Jan 12
Price target raised to CN¥40.22 Up from CN¥36.59, the current price target is an average from 18 analysts. The new target price is 28% below the current share price of CN¥56.22. As of last close, the stock is up 115% over the past year. 
