（文章来源：证券日报） 证券日报网讯 2月24日，福耀玻璃在互动平台回答投资者提问时表示，在触控显示领域，针对舱内仪表 板显示屏的应用，福耀目前暂未计划介入。但在车窗玻璃的触控显示技术上，福耀已有相应的技术储 备。福耀将持续聚焦汽车玻璃业务，不断集成声、光、电等技术，在持续提升安全性与舒适性等基础性 能的同时，逐步集成传感器、显示、调光等功能，使玻璃成为支撑智能驾驶与智能座舱发展的重要组成 部分。 ...

证券日报网讯 2月24日，福耀玻璃（600660）在互动平台回答投资者提问时表示，作为未来重要的前挡 显示技术方向，福耀目前在HOE全息挡风玻璃已经布局，并和全球业界HOE相关领先企业以及知名汽 车品牌均展开合作，涉及保密协议问题，无法公开相关合作方。公司将持续强化经营管理，降本增效， 加大研发投入，推动产品结构升级，提升产品附加值，并致力于提升公司综合竞争力，提升公司价值， 给投资者提供可靠的回报。 ...

智通财经APP获悉，香港联交所最新资料显示，2月12日，贝莱德增持福耀玻璃(03606)43.76万股，每股 作价63.9423港元，总金额约为2798.12万港元。增持后最新持股数目约为4274.53万股，最新持股比例为 7.04%。 ...

智通财经APP获悉，香港联交所最新资料显示，2月12日，贝莱德增持福耀玻璃(03606)43.76万股，每股 作价63.9423港元，总金额约为2798.12万港元。增持后最新持股数目约为4274.53万股，最新持股比例为 7.04%。 ...

公司项目推进 公司近期产能布局提速：福清阳下、安徽合肥项目于2025年底各完成300万套产能建设，已进入爬坡量 产阶段；2026年1月宣布在合肥投资57.5亿元建设新汽车玻璃项目，叠加重庆铝饰件项目落地，进一步 强化中长期增长预期。海外业务方面，美国二期工厂产能利用率从Q3的30%提升至Q4目标40%-50%， 欧洲市场收入增速超预期，推动全球化布局优化。 经济观察网 福耀玻璃（600660.SH / 03606.HK）在2026年2月23日出现逆势上涨，A股微跌0.07%而港股 上涨3.18%，主要与以下因素相关： 股价与资金表现 截至2月23日，福耀玻璃A股近5日累计下跌2.01%，股价接近布林带下轨（59.13元），技术面存在超跌 反弹需求。同时，近5日主力资金净流入1.15亿元，港股通资金持续加仓，显示部分资金逢低布局。 行业政策现状 2026年汽车以旧换新政策提前启动，超20省份推出补贴措施（最高2万元），有望提振汽车消费需求。 同时，公司铝饰条业务作为第二增长曲线，2025年收入预计达23-24亿元，2028年目标提升至55-60亿 元，多元化战略缓解单一业务依赖风险。 产品研发进展 公司近期公布 ...

Group 1 - In 2025, China's foreign trade showed strong resilience, with total exports reaching a historical high, growing by 5.5% year-on-year, despite a complex external environment [1][57] - China's trade surplus exceeded $1 trillion for the first time, marking a significant increase of 19.8% year-on-year [1][57] - The net export of goods and services contributed 1.64 percentage points to GDP growth, the second-highest level since 2007, only behind 2021 [3] Group 2 - The diversification of external demand has strengthened, with emerging markets compensating for the decline in exports to the US, which fell by 19.79% year-on-year [6] - Exports to ASEAN, Africa, and the Middle East saw significant growth rates of 25.9%, 13.64%, and 9.7% respectively, contributing positively to the overall export scale [6] - The share of US exports in China's total exports decreased by 3.53 percentage points to 11.15% [6] Group 3 - The product structure of China's foreign trade is shifting towards higher value chains, with high-end products like electrical machinery, machinery, automobiles, and ships being the main export drivers [8] - Traditional light industrial products such as furniture and toys have seen a decline in export scale due to tariff friction and industrial chain relocation [8] Group 4 - The restructuring of global supply chains is creating significant opportunities for Chinese companies, with a notable increase in the number of Chinese enterprises establishing production capacities abroad, reaching 229 in 2025, nearly doubling from 2024 [18] - ASEAN, Mexico, and India are the primary destinations for Chinese production capacity outflows, with ASEAN covering a wide range of industries [18] Group 5 - The AI expansion cycle is a core focus in the Chinese capital market, with significant growth expected in AI computing hardware, supported by macro investment scales and healthy balance sheets of major tech companies [29][30] - The capital expenditure of major cloud service providers is projected to increase significantly, reflecting strong demand for AI computing [35] Group 6 - Cultural and technological value output is becoming a major trend for Chinese enterprises going abroad, with significant growth in IP exports and innovative products in sectors like gaming and new dining [39][41] - The Chinese innovative pharmaceutical sector is increasingly integrated into the global supply chain, with more products commercialized in the US and Europe [41] Group 7 - Key sectors with strong overseas expansion opportunities in 2026 include new energy (batteries, grid equipment), machinery, TMT (technology, media, telecommunications), and innovative pharmaceuticals [46] - The gaming industry is also highlighted for its potential, with significant overseas revenue growth expected [49]

Core Viewpoint - Fuyao Glass (600660) has filed an international patent application for "Electric Heated Glass and Vehicles," with the application number PCT/CN2025/114898, set to be published internationally on February 19, 2026 [1]. Group 1: Patent Application - Fuyao Glass has announced an international patent application, indicating its commitment to innovation in the automotive glass sector [1]. - The company has filed a total of 12 international patent applications this year, representing a 50% increase compared to the same period last year [1]. Group 2: R&D Investment - In the first half of 2025, Fuyao Glass invested 883 million yuan in research and development, which is a year-on-year increase of 12.59% [1].

Group 1 - Morgan Stanley downgraded Fuyao Glass (600660) from "Overweight" to "Neutral" with a target price reduction from 80 HKD to 70 HKD due to intensified industry competition, slowing domestic automobile production growth, and cost pressures [1] - The current consensus target price for Fuyao Glass is 74.89 CNY, indicating an upside potential of approximately 19.56% from the latest stock price [1] Group 2 - Recent stock performance has been weak, with Fuyao Glass A-shares dropping by 2.03% to close at 59.26 CNY on February 12, with a net outflow of 73.10 million CNY in principal funds; on February 13, it slightly decreased by 0.07% to close at 59.38 CNY, with a net outflow of 2.39 million CNY [2] - Over the past five days, the stock has cumulatively declined by 2.01%, and the year-to-date decline stands at 8.32%, with a turnover rate of 0.78%, indicating short-term capital outflow pressure [2] Group 3 - On February 12, the company announced progress in solar technology and automotive applications, achieving mass production capability for solar sunroof glass, which can power vehicle electronics through laminated solar cell components [3] - The company clarified that it has not participated in the construction or investment of the Fuyao Technology University chip production line, emphasizing its business independence [3]

Core Viewpoint - Fuyao Glass (600660) clarified that Fuyao University, established by founder Cao Dewang through the He Ren Charity Foundation, operates as an independent non-profit educational institution, separate from the company's business operations [1] Company Overview - Fuyao Glass specializes in the design, production, and sales of automotive glass and automotive accessories [1] - The company confirmed that its assets, business, and financials are independent from Fuyao University [1] Investment and Development - As of now, the company has not participated in the construction or investment of the chip production line at Fuyao University [1]

Core Viewpoint - Fuyao Glass (600660) is focusing on providing comprehensive solutions for automotive safety glass and components, adapting to the trends of electrification and intelligence in the automotive industry [1] Group 1: Company Strategy - The company is expanding the boundaries of "a piece of glass" by enhancing research on the trends of intelligent and integrated automotive glass [1] - Fuyao Glass is continuously increasing its R&D investment to develop high-value-added products [1] Group 2: Product Development - The proportion of high-value products such as intelligent panoramic sunroofs, adjustable light glass, heads-up display glass, coated heated glass, and flat tempered laminated glass is steadily increasing [1] - These advancements are driving the continuous growth of the company's value [1]