Core Viewpoint - Fuyao Glass Industry Group Co., Ltd. has announced significant changes in its leadership structure, including the resignation of founder and chairman Cao Dewang, who will continue to serve as honorary chairman, and the election of Cao Hui as the new chairman and legal representative of the company [18][19][24]. Financial Data - The third quarter financial report for 2025 has been released, indicating that the financial statements are unaudited [3][9]. - The report includes key financial data and indicators, although specific figures are not detailed in the provided documents [3][4]. Shareholder Information - As of September 30, 2025, the total number of shareholders is 85,733, comprising 85,688 A-share shareholders and 45 H-share registered shareholders [5]. Corporate Governance Changes - Cao Dewang has submitted his resignation as chairman but will remain a board member and continue to contribute to the company's strategic planning as honorary chairman [18][24]. - Cao Hui has been elected as the new chairman and legal representative, with a term lasting until the end of the current board's tenure [19][25]. Investor Communication - The company will hold an investor performance briefing on October 29, 2025, to discuss the third quarter results and address investor questions [10][11][15]. - Investors can submit questions in advance through the Shanghai Stock Exchange's online platform [13][16]. Related Party Transactions - The company has approved expected daily related party transactions with Ternary Wang Packaging (Fuzhou) Co., Ltd. for the year 2026, which do not require shareholder approval as they do not meet the threshold set by the Shanghai Stock Exchange [47][48]. - The transactions are intended to support the company's normal production and operations, adhering to principles of fairness and transparency [49][50].

Core Viewpoint - Fuyao Glass has reported record high performance for the third quarter, coinciding with a leadership transition as founder Cao Dewang steps down as chairman but remains involved in the company [2][4]. Group 1: Leadership Transition - Cao Dewang has resigned as chairman to focus on strategic optimization and sustainable development, while continuing as a board member and holding various leadership roles in subsidiaries [2][3]. - Cao Hui, son of Cao Dewang, has been elected as the new chairman and appointed as the legal representative of the company [2][3]. - Cao Dewang has been named the lifetime honorary chairman, continuing to contribute to the company's strategic planning and long-term development [2][3]. Group 2: Financial Performance - For the first nine months of the year, Fuyao Glass achieved revenue of 33.302 billion yuan, a year-on-year increase of 17.62%, and a net profit attributable to shareholders of 7.064 billion yuan, up 28.93% [4]. - In the third quarter alone, the company reported revenue of 11.855 billion yuan, a growth of 18.86%, and a net profit of 2.259 billion yuan, increasing by 14.09% [4]. - The growth in net profit is attributed to rapid revenue growth, quality improvement, and increased foreign exchange gains [4]. Group 3: Shareholder Changes - As of the end of the third quarter, there were notable changes in the shareholder structure, with Hong Kong Central Clearing Limited significantly increasing its holdings by 24.5111 million shares, moving to the second position among shareholders [4]. - Individual investors Bai Yongli and Li Haiqing also increased their stakes in the third quarter, with estimated investments exceeding 100 million yuan each [4].

Core Viewpoint - Fuyao Glass has announced a leadership transition with founder Cao Dewang resigning as chairman but remaining involved in the company, while Cao Hui has been elected as the new chairman. This change is aimed at optimizing the company's governance structure and ensuring sustainable development [2][3]. Group 1: Leadership Transition - Cao Dewang will continue to serve as a director and hold various positions in subsidiaries, while being appointed as the lifetime honorary chairman of Fuyao Glass [2]. - Cao Hui, the new chairman, has been with the company since 1998 and has held various roles, including vice chairman and general manager [3]. - The board of directors has recognized Cao Dewang's significant contributions to the company's growth and strategic vision since its inception [2][3]. Group 2: Financial Performance - For the first nine months of the year, Fuyao Glass reported revenue of 33.302 billion yuan, a year-on-year increase of 17.62%, and a net profit attributable to shareholders of 7.064 billion yuan, up 28.93% [4]. - In the third quarter alone, the company achieved revenue of 11.855 billion yuan, reflecting an 18.86% increase, and a net profit of 2.259 billion yuan, which is a 14.09% rise [4]. - The growth in net profit is attributed to rapid revenue growth, quality improvement, and increased foreign exchange gains [4]. Group 3: Shareholder Changes - Significant changes in the shareholder structure were noted, with Hong Kong Central Clearing Limited increasing its holdings by 24.5111 million shares, becoming the second-largest shareholder [4]. - Individual shareholders Bai Yongli and Li Haiqing also increased their stakes, with estimated investments exceeding 100 million yuan each [4].

Core Viewpoint - The resignation of Cao Dewang as Chairman of Fuyao Glass is aimed at optimizing the company's governance structure and ensuring sustainable development, with his son, Cao Hui, taking over the role [1][2]. Group 1: Leadership Changes - Cao Dewang has submitted his resignation as Chairman but will continue to serve as a director and hold other positions within the company [1]. - Cao Hui has been elected as the new Chairman and will also serve as the legal representative and head of the strategic development committee [2]. - The transition of responsibilities between Cao Dewang and Cao Hui will be managed according to company procedures, ensuring no adverse impact on normal operations [2]. Group 2: Contributions and Future Roles - Cao Dewang is recognized as the founder and key figure in Fuyao Glass's growth, leading the company to become a global leader in the automotive glass industry [2]. - He has been appointed as the lifetime honorary chairman, continuing to contribute to the company's strategic planning and long-term development [2]. Group 3: Financial Performance - Fuyao Glass has shown steady growth, with revenue reaching 33.3 billion yuan in the first three quarters of 2025, a year-on-year increase of 17.62%, and a net profit of 7.064 billion yuan, up 28.93% [3].

Group 1: JD.com Developments - JD.com has posted job openings related to the automotive sector, with positions such as algorithm roles in the retail division offering annual salaries of 1.23 million yuan and procurement leaders earning 1.1 million yuan [1] Group 2: Xiaomi's New App Launch - Xiaomi has launched a standalone short drama app called "Weiguan Short Drama," which is currently available only to Xiaomi phone users and features a "no ads, free access to a vast library of short dramas" selling point [4] Group 3: XPeng Motors Innovations - XPeng Motors CEO He Xiaopeng announced the introduction of a new AI system called VLT, which integrates visual and language inputs to generate task systems, potentially revolutionizing various industries within 2 to 5 years and impacting household life in 10 to 20 years [6] - He also revealed plans for XPeng to mass-produce flying cars next year, predicting that their growth rate and future market share will surpass that of traditional automobiles [6] Group 4: JD.com Delivery Service Changes - JD.com has initiated a pilot program in 25 cities, including Shenzhen and Wuhan, to eliminate penalties for delivery riders exceeding order time, replacing it with a "service score" management system that incentivizes performance rather than punishing delays [8] Group 5: Fuyao Glass Leadership Transition - Fuyao Glass has seen a leadership change with Cao Dewang resigning as chairman, while Cao Hui has been elected as the new chairman and legal representative, with Cao Dewang appointed as the honorary chairman, ensuring no adverse impact on the company's operations [9][11]

Group 1 - The core point of the news is the resignation of Cao Dewang as the chairman of Fuyao Glass, with his son Cao Hui taking over the position, which is aimed at optimizing the company's governance structure and ensuring sustainable development [1][2] - Cao Dewang, the founder and key figure in Fuyao Glass's growth, will remain involved as a lifetime honorary chairman, ensuring continuity in strategic decision-making [1][2] - The company reported a third-quarter revenue of 11.855 billion yuan, a year-on-year increase of 18.86%, and a net profit attributable to shareholders of 2.259 billion yuan, up 14.09% [2] Group 2 - For the first three quarters of the year, Fuyao Glass achieved a revenue of 33.302 billion yuan, reflecting a year-on-year growth of 17.62%, and a net profit of 7.064 billion yuan, which is a 28.93% increase [2] - The transition in leadership is expected to provide a stable foundation for the company, as the new chairman Cao Hui has been involved in management as the former vice chairman [2] - The automotive industry is undergoing significant transformation towards electrification and intelligence, presenting opportunities for technological upgrades in automotive glass, which Fuyao Glass aims to leverage through its optimized governance structure [2]

10月16日晚间，福耀玻璃工业集团股份有限公司（以下简称"福耀玻璃"）发布公告称，为推动公司治理 结构战略性优化与可持续发展的需要，曹德旺向公司提交了辞去董事长职务的报告。公司第十一届董事 局第十次会议审议通过选举曹晖为公司第十一届董事局董事长，同时担任公司法定代表人及董事局战略 发展委员会主任。根据公开资料，曹晖是曹德旺之子。 对此，《证券日报》记者第一时间联系福耀玻璃品牌部相关负责人拟进一步采访，该负责人表示，以公 告消息为准。 公开信息显示，作为该公司的创始人和掌舵者，曹德旺为福耀玻璃的发展作出了不可替代的贡献，引领 公司从无到有、从小到大，最终发展成为全球汽车玻璃行业的领导者。曹德旺已被委任为公司终身荣誉 董事长，将继续以董事及战略发展委员会委员等身份参与公司决策。 屈放进一步表示，当前汽车行业正处于电动化、智能化转型关键期，汽车玻璃作为核心零部件迎来技术 升级机遇。福耀玻璃此次优化治理结构，正是为了更好适配行业变革需求，随着新管理层到位，该公司 全球化布局与技术研发的连贯性将成为稳定发展的关键。 （文章来源：证券日报） 公告显示，曹德旺辞任后仍保留公司董事职务，并兼任部分子公司的董事、董事长及法定代 ...

Core Viewpoint - The founder of Fuyao Glass, Cao Dewang, has announced his early resignation as chairman, with his son, Cao Hui, taking over the role, marking a new era for the company that holds a one-third share of the global automotive glass market [1][2][5]. Group 1: Leadership Transition - Cao Dewang, aged 79, submitted his resignation report on October 16, 2023, and will continue to serve as a board member and hold positions in some subsidiaries [2][5]. - Cao Hui has been elected as the new chairman of the board and will also serve as the legal representative and head of the strategic development committee [2][5]. - The reason for Cao Dewang's resignation is stated as the need for strategic optimization of the company's governance structure and sustainable development [5]. Group 2: Background of Cao Hui - Cao Hui, the son of Cao Dewang, has a background that includes working on the production line and holding various managerial positions, including general manager of Fuyao's Hong Kong operations and later in North America [6]. - He founded Fujian Sanfeng Holdings, which filled gaps in Fuyao's aftermarket services, before returning to Fuyao and selling his companies to ensure a smooth succession [6]. Group 3: Company Overview - Fuyao Glass, founded in 1987, has grown from a struggling local enterprise to the world's largest automotive glass supplier, with a market share of nearly 34% [7]. - The company has established production bases in 12 countries and employs approximately 37,000 people, supplying glass to major automotive brands [7]. - Fuyao's latest financial report for Q3 2025 shows revenue of 11.855 billion yuan, a year-on-year increase of 18.86%, and a net profit of 2.259 billion yuan, up 14.09% [8].

【市场热点】在发布公司2025年三季报的同时，福耀玻璃还进行了一次权力交接。 10月16日晚间，福耀玻璃工业集团股份有限公司（简称"福耀玻璃"：600660）公告中表示，曹德旺向公司提交了辞去董事长职务的报告，但曹德旺仍作为董 事继续履职，并将担任部分子公司的董事、董事长及法定代表人职务。 董事局选举曹晖为董事长，其同时卸任副董事长职务，并接任公司法定代表人，以及董事局战略发展委员会主任。 至于新董事长曹晖，正是曹德旺之子，出生于1970年，也有55岁了，1989年11月加入福耀玻璃，先后任三益发展总经理，福耀香港总经理，公司财务总监， Greenville Glass Industries,Inc.总经理，福耀北美玻璃工业有限公司总经理等职务。 在捐出6.5%股权给河仁慈善基金会后，目前曹氏家族直接加间接持股福耀玻璃大约16.3%股份，按照公司最新市值1745亿元测算，市值大约为284亿元。 曹晖自1998年8月至今任执行董事，于2006年9月至2015年7月任总经理，自2015年8月起任副董事长。可见，他对公司已经非常熟悉。此外，董事兼总经理叶 舒为其妹夫，1958年出生的副总经理何世猛也是曹氏的家族成员 ...

证券日报网讯 10月16日晚间，福耀玻璃发布公告称，公司第十一届董事局第十次会议已审议通过委任 曹德旺先生为公司终身荣誉董事长。 （文章来源：证券日报） ...