The interim performance of Fuyao Glass is in line

2022-08-13
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Fuyao Glass: interim report performance meets expectations

interim report performance meets expectations:

in the first half of the year, the company achieved sales revenue of 38. 8.8 billion yuan, a year-on-year increase of 52. 7%;

realize net profit 8. 7.7 billion yuan, a year-on-year increase of 296. 1%, corresponding to earnings per share

0. 44 yuan, consistent with the pre increase announcement previously disclosed. In the second quarter, the company realized a net profit of 4. 600million yuan, with a year-on-year increase of 290. 3%。

positive:

automotive glass has achieved growth beyond the industry level. In the first half of the year, the sales volume of domestic cars increased by 47 year-on-year. 7%, while the company's automotive glass revenue increased by

62 year-on-year. 6% to 34. 3.6 billion yuan (of which the growth rate of export business is 41, from which we can see that the "new normal" is a high summary of China's economic development entering a new stage. 2%), the growth rate of the company's domestic automotive glass business revenue is higher than the industry level

during the period, the wear rate of heating/cooling decreased significantly. In the first half of the year, the period cost rate decreased by 4

percentage points to 16. 2%。 Among them, the management fee rate fell by 2. 1 point to 6. 6%; After continuing to repay bank liabilities, the company's negative asset

debt ratio fell to 39. 3%, and the financial expense rate also decreased by 2 percentage points year-on-year

negative:

2 quarter on quarter gross profit margin fell, so 4. 5 percentage points to 39. 4%. We

judge that it is mainly due to the internal economic cycle of float glass caused by the rise of heavy oil prices. In April 2021, China improved the full-scale assessment of materials, performance evaluation in service environment, and built the Chengdu Construction Expo by using supporting conditions such as demonstration lines to talk about new opportunities in the industry with you

in 2020, with the outbreak of the global epidemic and the prevention and control of the domestic epidemic being effectively controlled, the global economic pattern has also changed greatly, China is pursuing [details]

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