香港交易及結算所有限公司及香港聯合交易所 有限公司對本公告的內 容概不 負 責，對其準確性或完整性亦不發表任 何 聲 明，並明確 表 示，概 不對因本公告全部或任何部份內 容而產生或因倚賴該等內容而引致 的 任 何 損 失 承 擔 任 何 責 任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3606） 建議修訂公司章程 – 3 – | 本次修改前的原文內容 | | | | | | | | | | | | | | | | | | | | | | 本次修改後的內容 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 第十三條 | | 第十二條 | | | | | | | | 公司可以向其他有限 | | | | | | | | | | | | | 公司可以向其他 | | | ...

免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 福耀玻璃工業集團股份有限公司 | | 股份代號 | 03606 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 2025年中期股利 | | 公告日期 | 2025年8月19日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.9 RMB | | 股東批准日期 | 有待公佈 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | HKD， 金額有待公佈 | | 匯率 | 有待公佈 | | 除淨日 | 有待公佈 | | ...

Core Viewpoint - Fuyao Glass (03606.HK) reported a significant increase in revenue and profit for the first half of 2025, outperforming industry growth levels [1] Financial Performance - The company achieved a consolidated operating revenue of RMB 21.447 billion, representing a year-on-year growth of 16.94% [1] - The total profit amounted to RMB 5.794 billion, reflecting a year-on-year increase of 40.46% [1] - The net profit attributable to shareholders was RMB 4.805 billion, which is a 37.33% increase compared to the same period last year [1] - Earnings per share reached RMB 1.84, marking a growth of 37.31% year-on-year [1] Profit Distribution Plan - The company proposed a mid-year profit distribution plan for 2025, intending to distribute a cash dividend of RMB 0.90 per share (tax included) to A-share and H-share shareholders registered on the dividend record date [1] - The remaining undistributed profits will be carried forward to the second half of 2025 [1]

[Announcement Overview and Important Notes](index=1&type=section&id=%E5%85%AC%E5%91%8A%E6%A6%82%E8%A7%88%E5%8F%8A%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) This section provides an overview of the interim results announcement and important disclaimers [Interim Results Announcement](index=1&type=section&id=%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E5%85%AC%E5%91%8A) Fuyao Glass Industry Group Co., Ltd. announced its unaudited interim results for the six months ended June 30, 2025, with the full report to be published by the end of September - The company's board announced unaudited interim results for the six months ended June 30, 2025[2](index=2&type=chunk) - The 2025 interim report will be published by the end of September 2025[2](index=2&type=chunk) [Important Notes and Statements](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E8%88%87%E8%81%B2%E6%98%8E) The company's board, supervisory committee, and senior management guarantee the report's accuracy and completeness, noting it is unaudited and forward-looking statements are not commitments - The company's board, supervisory committee, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report[8](index=8&type=chunk) - This semi-annual report is unaudited[8](index=8&type=chunk) - Forward-looking statements do not constitute a substantial commitment; investors should be aware of investment risks[6](index=6&type=chunk) - There are no non-operating funds occupied by controlling shareholders or related parties[7](index=7&type=chunk) - There are no external guarantees in violation of decision-making procedures[7](index=7&type=chunk) [Profit Distribution Plan](index=2&type=section&id=%E5%88%A9%E6%BD%A4%E5%88%86%E9%85%8D%E9%A0%90%E6%A1%88) The company proposes a 2025 interim cash dividend of RMB 0.90 per share (tax inclusive), totaling approximately RMB 2.35 billion, representing 48.88% of net profit attributable to ordinary shareholders - The company proposes a 2025 interim profit distribution of **RMB 0.90 per share** (tax inclusive) cash dividend[5](index=5&type=chunk) 2025 Interim Profit Distribution Plan | Indicator | Amount/Ratio | | :--- | :--- | | Cash Dividend Per Share (tax inclusive) | RMB 0.90 yuan | | Total Proposed Cash Dividend (tax inclusive) | RMB 2,348,769,178.80 yuan | | Percentage of Net Profit Attributable to Owners | 48.88% | | Bonus Shares/Capital Reserve Conversion | No | - As of June 30, 2025, net profit attributable to ordinary shareholders was **RMB 4.804711711 billion** under PRC GAAP and **RMB 4.804424175 billion** under IFRS[4](index=4&type=chunk) [Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E7%AF%80%20%E9%87%8B%E7%BE%A9) [Definitions of Common Terms](index=4&type=section&id=%E5%B8%B8%E7%94%A8%E8%A9%9E%E8%AA%9E%E9%87%8B%E7%BE%A9) This section defines common terms, including company names, currency units, and automotive glass industry terms like OEM and ARG, specifying the reporting period - The reporting period is defined as January 1 to June 30, 2025[11](index=11&type=chunk) - Key automotive glass industry terms are defined, such as OEM (Original Equipment Manufacturer) for new car glass and ARG (Automotive Replacement Glass) for aftermarket replacement glass[11](index=11&type=chunk) [Company Profile and Key Financial Indicators](index=5&type=section&id=%E7%AC%AC%E4%BA%8C%E7%AF%80%20%E5%85%AC%E5%8F%B8%E7%B0%A1%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B2%A1%E5%8B%99%E6%8C%87%E6%A8%99) This section provides the company's basic information and a summary of its key financial performance for the first half of 2025 [Company Basic Information](index=5&type=section&id=%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E4%BF%A1%E6%81%AF) Fuyao Glass Industry Group Co., Ltd. (FYG) is led by Cao Dewang, headquartered in Fujian, with A-shares listed on the SSE (600660) and H-shares on the HKEX (3606) - The company's Chinese abbreviation is Fuyao Glass, and its legal representative is Cao Dewang[12](index=12&type=chunk) - The company's A-shares (600660) are listed on the SSE, and H-shares (3606) on the HKEX[16](index=16&type=chunk) [Key Accounting Data and Financial Indicators](index=6&type=section&id=%E4%B8%BB%E8%A6%81%E6%9C%83%E8%A8%88%E6%95%B8%E6%93%9A%E5%92%8C%E8%B2%A1%E5%8B%99%E6%8C%87%E6%A8%99) In H1 2025, revenue grew by 16.94% to RMB 21.45 billion, profit before tax increased by 40.46% to RMB 5.79 billion, and net profit attributable to owners rose by 37.34% to RMB 4.80 billion Key Accounting Data for H1 2025 (Unit: RMB thousand) | Indicator | Current Period (Jan-Jun) | Prior Year Period | Change from Prior Year Period (%) | | :--- | :--- | :--- | :--- | | Revenue | 21,447,392 | 18,339,730 | 16.94 | | Profit Before Tax | 5,794,033 | 4,125,070 | 40.46 | | Period Profit Attributable to Owners of the Company | 4,804,424 | 3,498,318 | 37.34 | | Period Profit Attributable to Owners of the Company Excluding Non-recurring Gains and Losses | 4,706,683 | 3,576,317 | 31.61 | | Net Cash Generated from Operating Activities | 5,354,476 | 3,325,260 | 61.02 | Key Financial Indicators for H1 2025 | Indicator | Current Period (Jan-Jun) | Prior Year Period | Change from Prior Year Period (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (RMB/share) | 1.84 | 1.34 | 37.31 | | Diluted Earnings Per Share (RMB/share) | 1.84 | 1.34 | 37.31 | | Return on Equity (%) | 13.47 | 11.06 | 2.41 | | Equity Attributable to Owners of the Company (RMB thousand) | 35,659,901 | 35,703,839 | -0.12 | | Total Assets (RMB thousand) | 65,720,735 | 63,263,654 | 3.88 | [Differences in Domestic and International Accounting Standards](index=8&type=section&id=%E5%A2%83%E5%85%A7%E5%A4%96%E6%9C%83%E8%A8%88%E6%BA%96%E5%89%87%E5%B7%AE%E7%95%B0) The company prepares financial statements under both IFRS and PRC GAAP, with the main difference being the reversal policy for asset impairment provisions Differences in Period Profit and Equity Attributable to Owners under Domestic and International Accounting Standards (Unit: RMB thousand) | Indicator | Current Period (Unaudited) | Prior Period (Unaudited) | Period-End (Unaudited) | Period-Start (Audited) | | :--- | :--- | :--- | :--- | :--- | | Under PRC GAAP (Period Profit) | 4,804,712 | 3,498,605 | - | - | | Under IFRS (Period Profit) | 4,804,424 | 3,498,318 | - | - | | Under PRC GAAP (Equity) | - | - | 35,650,716 | 35,694,366 | | Under IFRS (Equity) | - | - | 35,659,901 | 35,703,839 | - The main difference lies in the asset impairment reversal policy: IFRS allows reversal of impairment losses (except goodwill), while PRC GAAP does not[25](index=25&type=chunk) [Non-recurring Gains and Losses](index=9&type=section&id=%E9%9D%9E%E7%B6%93%E5%B8%B8%E6%80%A7%E6%90%8D%E7%9B%8A) Non-recurring gains and losses totaled RMB 98.03 million for the period, primarily from government grants, disposal of non-current assets, and fair value changes Non-recurring Gains and Losses Items and Amounts (Prepared under PRC GAAP, Unit: RMB yuan) | Non-recurring Gains and Losses Item | Amount | | :--- | :--- | | Gains or Losses from Disposal of Non-current Assets | 3,810,551 | | Government Grants Included in Current Profit or Loss | 95,072,263 | | Gains or Losses from Changes in Fair Value and Disposal of Financial Assets | 206,916 | | Other Non-operating Income and Expenses | 18,304,558 | | Less: Income Tax Impact | 18,948,117 | | Minority Interests Impact (after tax) | 417,015 | | Total | 98,029,156 | [Management Discussion and Analysis](index=10&type=section&id=%E7%AC%AC%E4%B8%89%E7%AF%80%20%E7%AE%A1%E7%90%86%E5%B1%A4%E8%A8%8E%E8%AB%96%E8%88%87%E5%88%86%E6%9E%90) This section provides an in-depth analysis of the company's operational performance, financial position, and future outlook, highlighting key drivers and strategic initiatives [Industry and Principal Business Overview](index=10&type=section&id=%E8%A1%8C%E6%A5%AD%E5%8F%8A%E4%B8%BB%E7%87%9F%E6%A5%AD%E5%8B%99%E6%83%85%E6%B3%81) The company provides safety glass and automotive trim solutions for transportation, benefiting from the "new four modernizations" trend in the automotive industry - The company's principal business is providing safety glass and automotive trim solutions for various transportation vehicles[29](index=29&type=chunk) Revenue Breakdown by Product Category for H1 2025 (Unit: RMB thousand) | Product Category | Revenue | Cost of Sales | Gross Margin (%) | Revenue Change from Prior Year Period (%) | | :--- | :--- | :--- | :--- | :--- | | Automotive Glass | 19,538,352 | 13,573,123 | 30.53 | 16.16 | | Float Glass | 3,095,515 | 1,897,962 | 38.69 | 11.18 | | Other | 2,583,658 | 1,821,238 | - | - | | Less: Inter-segment Eliminations | (3,770,133) | (3,692,246) | - | - | | Total | 21,447,392 | 13,600,077 | 36.59 | 16.94 | - From January to June 2025, China's automobile production and sales were **15.621 million** and **15.653 million vehicles**, respectively, representing year-on-year increases of **12.5%** and **11.4%**[31](index=31&type=chunk) - The "new four modernizations" trend (electrification, connectivity, intelligence, sharing) in the automotive industry brings new opportunities for automotive glass, driving product development towards "safety, comfort, energy efficiency, environmental protection, aesthetics, and intelligent integration"[33](index=33&type=chunk) [Operating Performance Analysis](index=12&type=section&id=%E7%B6%93%E7%87%9F%E6%83%85%E6%B3%81%E5%88%86%E6%9E%90) In H1 2025, the company achieved significant growth in revenue, profit before tax, net profit attributable to owners, and EPS, outperforming industry averages through strategic initiatives - In H1 2025, the company's consolidated revenue was **RMB 21.447392 billion**, a year-on-year increase of **16.94%**, exceeding industry growth[38](index=38&type=chunk) - The company achieved a profit before tax of **RMB 5.794033 billion**, a year-on-year increase of **40.46%**; net profit attributable to owners was **RMB 4.804424 billion**, a year-on-year increase of **37.34%**; earnings per share were **RMB 1.84**, a year-on-year increase of **37.31%**[38](index=38&type=chunk) - The company is advancing new factory constructions in Hefei, Anhui, and Fuqing Yangxia, enhancing global delivery capabilities[41](index=41&type=chunk) - The proportion of high-value-added products (e.g., intelligent panoramic sunroof glass, dimmable glass, HUD glass) continues to increase, rising by **4.81 percentage points** compared to the same period last year[41](index=41&type=chunk) [Core Competencies](index=14&type=section&id=%E6%A0%B8%E5%BF%83%E7%AB%B6%E7%88%AD%E5%8A%9B) The company's core competencies include strong brand reputation, a professional team, transparent financial systems, a comprehensive industrial ecosystem, and a focused development strategy - Brand is Fuyao's core competitiveness, earning trust from global automakers, users, suppliers, and investors[43](index=43&type=chunk) - The company has built a relatively complete industrial ecosystem, including sand mining resources, high-quality float glass technology, R&D and manufacturing of process equipment, multi-functional integrated glass, aluminum trim industry, and a globally deployed R&D center and supply chain network[43](index=43&type=chunk) - The company has a professional, dedicated, and focused development strategy, enabling quick response to market changes and providing comprehensive solutions for automotive glass and trim[43](index=43&type=chunk) [Key Operating Performance](index=15&type=section&id=%E4%B8%BB%E8%A6%81%E7%B6%93%E7%87%9F%E6%83%85%E6%B3%81) This section details the company's H1 2025 operating performance, including financial statement changes, asset-liability structure, cash flow, capital expenditure, borrowings, foreign exchange risk, and capital efficiency [Financial Statement Item Changes](index=15&type=section&id=%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E7%A7%91%E7%9B%AE%E8%AE%8A%E5%8B%95) In H1 2025, revenue and cost of sales increased due to enhanced marketing and higher-value products; net finance costs decreased, and net cash from operating activities significantly grew by 61.02% Analysis of Financial Statement Item Changes (Unit: RMB thousand) | Item | Current Period | Prior Year Period | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 21,447,392 | 18,339,730 | 16.94 | | Cost of Sales | 13,600,077 | 11,904,628 | 14.24 | | Distribution Costs | 625,336 | 520,523 | 20.14 | | Administrative Expenses | 1,597,792 | 1,348,517 | 18.49 | | Finance Costs – Net | -279,239 | -351,496 | -20.56 | | Research and Development Expenses | 882,847 | 784,109 | 12.59 | | Net Cash Generated from Operating Activities | 5,354,476 | 3,325,260 | 61.02 | | Net Cash Used in Investing Activities | -2,788,956 | -3,900,675 | -28.50 | | Net Cash Used in Financing Activities | -3,043,172 | -294,847 | 932.12 | | Other Gains/(Losses) – Net | 614,716 | -238,524 | Not Applicable | | Income Tax Expense | 986,617 | 623,521 | 58.23 | - Revenue increase primarily due to increased marketing efforts and a higher proportion of high-value-added products[45](index=45&type=chunk) - Net finance costs decreased mainly due to lower finance costs and increased finance income in the current period[49](index=49&type=chunk) - The change in other gains/(losses) - net was primarily due to foreign exchange gains of **RMB 602 million** in the current period, compared to foreign exchange losses of **RMB 14 million** in the same period last year[50](index=50&type=chunk) [Asset and Liability Status](index=17&type=section&id=%E8%B3%87%E7%94%A2%E8%B2%A0%E5%82%B5%E6%83%85%E6%B3%81) As of June 30, 2025, total assets were RMB 65.72 billion, with a significant 64.65% increase in current liabilities borrowings due to new borrowings and reclassification of long-term debt Changes in Assets and Liabilities (Unit: RMB thousand) | Item Name | Current Period End | % of Total Assets at Current Period End | Prior Year End | % of Total Assets at Prior Year End | % Change from Prior Year End | | :--- | :--- | :--- | :--- | :--- | :--- | | Borrowings – Non-current Liabilities | 4,236,390 | 6.45 | 7,212,920 | 11.40 | -41.27 | | Other Non-current Liabilities | 672,587 | 1.02 | 498,898 | 0.79 | 34.81 | | Deferred Tax Liabilities | 973,837 | 1.48 | 704,771 | 1.11 | 38.18 | | Borrowings – Current Liabilities | 12,306,780 | 18.73 | 7,474,519 | 11.81 | 64.65 | | Lease Liabilities Due Within One Year | 143,040 | 0.22 | 99,456 | 0.16 | 43.82 | - Overseas assets amounted to **RMB 25.80 billion**, accounting for **39.27%** of total assets[54](index=54&type=chunk) - As of the end of the reporting period, the number of employees was **39,050**, an increase of **1,140** from the end of 2024[56](index=56&type=chunk) - The company has established a compensation policy based on fairness, competitiveness, incentives, and legality, providing comprehensive onboarding and in-service training[56](index=56&type=chunk) [Liquidity and Capital Resources](index=20&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E8%88%87%E8%B3%87%E6%9C%AC%E4%BE%86%E6%BA%90) In H1 2025, net cash from operating activities significantly increased by 61.02% to RMB 5.35 billion, while net cash used in investing and financing activities reflected capital expenditures and debt management Cash Flow Statement (Unit: RMB thousand) | Item | Current Period | Prior Year Period | | :--- | :--- | :--- | | Net Cash Generated from Operating Activities | 5,354,476 | 3,325,260 | | Net Cash Used in Investing Activities | -2,788,956 | -3,900,675 | | Net Cash Used in Financing Activities | -3,043,172 | -294,847 | | Net Decrease in Cash and Cash Equivalents | -477,652 | -870,262 | - Cash paid for the acquisition of property, plant, and equipment and other long-term assets in the current period was **RMB 2.861 billion**[62](index=62&type=chunk) Interest-bearing Debt (As of June 30, 2025, Unit: RMB 100 million) | Category | Amount | | :--- | :--- | | Fixed-rate Short-term Borrowings | 63.37 | | Floating-rate Short-term Borrowings | 8.00 | | Fixed-rate Long-term Borrowings Due Within One Year | 21.95 | | Floating-rate Long-term Borrowings Due Within One Year | 24.19 | | Fixed-rate Long-term Borrowings | 23.16 | | Floating-rate Long-term Borrowings | 19.20 | | Ultra-short-term Financing Bonds | 4.00 | | Total | 163.87 | [Foreign Exchange Risk and Capital Efficiency](index=22&type=section&id=%E5%A4%96%E5%8C%AF%E9%A2%A8%E9%9A%AA%E5%8F%8A%E8%B3%87%E6%9C%AC%E6%95%88%E7%8E%87) The company recorded foreign exchange gains of RMB 602 million, improved equity return to 13.47%, and maintained a healthy net cash position with a capital gearing ratio of -3.21% - The Group recorded foreign exchange gains of **RMB 602 million** in the current period, compared to foreign exchange losses of **RMB 14 million** in the same period last year[66](index=66&type=chunk) - Inventory turnover days were **84 days** (85 days in the same period last year), and trade receivables turnover days were **96 days** (93 days in the same period last year)[66](index=66&type=chunk)[67](index=67&type=chunk) - Return on equity was **13.47%** in the current period, compared to 11.06% in the same period last year, primarily due to the year-on-year increase in period profit[67](index=67&type=chunk) Capital Gearing Ratio (Prepared under IFRS, Unit: RMB thousand) | Indicator | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Borrowings | 16,543,170 | 14,687,439 | | Lease Liabilities | 570,420 | 443,195 | | Long-term Payables | 52,611 | 59,287 | | Less: Cash and Cash Equivalents | -18,276,447 | -18,733,774 | | Net Debt | -1,110,246 | -3,543,853 | | Total Equity | 35,654,096 | 35,695,042 | | Total Capital | 34,543,850 | 32,151,189 | | Capital Gearing Ratio (%) | -3.21% | -11.02% | [Commitments and Contingent Liabilities](index=23&type=section&id=%E6%89%BF%E8%AB%BE%E8%88%87%E6%88%96%E6%9C%89%E8%B2%A0%E5%82%B5) The company had no significant contingent liabilities during the reporting period, with details on commitments provided in the financial report notes - The company had no significant contingent liabilities during the reporting period[71](index=71&type=chunk) [Company Outlook for H2](index=24&type=section&id=%E5%85%AC%E5%8F%B8%E4%B8%8B%E5%8D%8A%E5%B9%B4%E5%B1%95%E6%9C%9B) In H2 2025, the company plans to deepen market penetration, strengthen R&D, ensure quality, enhance digitalization, improve lean management, and upskill its workforce for high-quality development - The company will deepen market penetration, build product brand culture tailored to different customer segments, and strengthen customer interaction[73](index=73&type=chunk) - Continuously strengthen R&D and innovation capabilities, build interdisciplinary teams, deeply explore cross-border technology integration, and ensure independent and controllable core technologies[73](index=73&type=chunk) - Solidify the digital foundation, build an enterprise-level data middle platform, and achieve full-process digital integration and big data operations[73](index=73&type=chunk) - Promote the transformation of frontline workers from "labor-intensive" to "knowledge-based", increasing the training of skilled workers and engineers[73](index=73&type=chunk) [Dividends and Tax Relief](index=25&type=section&id=%E8%82%A1%E6%81%AF%E5%8F%8A%E7%A8%85%E9%A0%85%E6%B8%9B%E5%85%8D) The company proposes an interim cash dividend of RMB 0.90 per share (tax inclusive), totaling RMB 2.35 billion, and details tax policies for various A-share and H-share investor types - The company proposes a 2025 interim cash dividend of **RMB 0.90 per share** (tax inclusive), totaling **RMB 2.3487691788 billion**, accounting for **48.88%** of net profit attributable to owners[74](index=74&type=chunk) - For individual A-share shareholders holding shares for over one year, dividend income is temporarily exempt from individual income tax; for holdings within one month, full tax applies; for holdings between one month and one year, tax is reduced by **50%**[77](index=77&type=chunk) - QFII and non-resident enterprise shareholders are generally subject to a **10%** corporate income tax withholding, with potential for refund under tax treaties[78](index=78&type=chunk)[79](index=79&type=chunk) - For Hong Kong market investors investing in A-shares via Stock Connect, the listed company withholds income tax at a **10%** rate[80](index=80&type=chunk)[81](index=81&type=chunk) - Overseas individual H-share resident shareholders are temporarily exempt from individual income tax; overseas non-resident enterprise H-share shareholders are subject to a **10%** corporate income tax withholding[83](index=83&type=chunk) - For mainland individual investors investing in H-shares via Stock Connect, H-share companies withhold individual income tax at a **20%** rate; mainland resident enterprises holding H-shares continuously for 12 months or more are exempt from corporate income tax on dividend income[84](index=84&type=chunk)[85](index=85&type=chunk) [Use of H-share Proceeds](index=30&type=section&id=H%E8%82%A1%E5%8B%9F%E9%9B%86%E8%B3%87%E9%87%91%E4%BD%BF%E7%94%A8) As of June 30, 2025, the net proceeds of HKD 4.31 billion from the 2021 H-share issuance have been substantially utilized for working capital, debt repayment, R&D, and market expansion - The company completed the issuance of **101,126,000 H-shares** on May 10, 2021, receiving net proceeds of **HKD 4.31278 billion**[88](index=88&type=chunk) Use of H-share Proceeds (As of June 30, 2025, Unit: Million HKD) | Proposed Use | Planned Net Proceeds | Net Proceeds Used | Unused Net Proceeds | | :--- | :--- | :--- | :--- | | Supplement Working Capital and Optimize Capital Structure | 2,587.67 | 2,566.38 | 21.29 | | Repay Interest-bearing Debt | 646.92 | 646.92 | 0 | | R&D Project Investment | 646.92 | 646.92 | 0 | | Expand Photovoltaic Glass Market and General Corporate Purposes | 431.27 | 431.27 | 0 | | Total | 4,312.78 | 4,291.49 | 21.29 | [Investment Status Analysis](index=31&type=section&id=%E6%8A%95%E8%B3%87%E7%8B%80%E6%B3%81%E5%88%86%E6%9E%90) The company adjusted equity investments, including a RMB 28.5 million capital increase by Fuyao Glass (Suzhou) to Fuyao Technology Development (Suzhou), and reported profits from key subsidiaries, with Fuyao Glass America achieving RMB 433 million net profit - The company's wholly-owned subsidiary, Fuyao Glass (Suzhou) Co., Ltd., increased capital in Fuyao Technology Development (Suzhou) Co., Ltd. by **RMB 28.5 million**[91](index=91&type=chunk) - Fuyao Group Shanghai Automotive Trim Co., Ltd. absorbed and merged with Shanghai Fuyao Bus Glass Co., Ltd[91](index=91&type=chunk) Financial Assets Measured at Fair Value (As of June 30, 2025, Unit: RMB yuan) | Asset Category | Beginning Balance | Fair Value Change Gains/Losses for the Period | Ending Balance | | :--- | :--- | :--- | :--- | | Trading Equity Instruments | 7,682,574 | 206,916 | 7,889,490 | | Unlisted Equity Instruments Measured at Fair Value Through Other Comprehensive Income | 82,682,735 | - | 82,682,735 | | Bills Receivable Measured at Fair Value Through Other Comprehensive Income | 1,921,465,582 | -9,157,197 | 2,120,650,031 | | Total | 2,011,830,891 | -8,950,281 | 2,211,222,256 | Key Holding and Participating Companies (As of June 30, 2025, Unit: RMB ten thousand) | Company Name | Company Type | Total Assets | Net Assets | Operating Revenue | Net Profit | | :--- | :--- | :--- | :--- | :--- | :--- | | Fujian Wanda Automotive Glass Industry Co., Ltd. | Subsidiary | 517,755.87 | 215,149.25 | 209,197.37 | 77,632.20 | | Fuyao Glass America Inc. | Subsidiary | 892,325.50 | 401,298.17 | 385,161.59 | 43,315.92 | [Risk Factors](index=34&type=section&id=%E9%A2%A8%E9%9A%AA%E6%8F%90%E7%A4%BA) The company faces risks from economic, political, and social changes, industry transformation, market competition, cost fluctuations, exchange rate volatility, technological innovation, and cybersecurity, with mitigation strategies in place - Company's operating performance is affected by economic, political, policy, legal changes, and geopolitical risks[100](index=100&type=chunk) - The "new four modernizations" development in the automotive industry poses new requirements for automotive glass; the company may face adverse effects if it fails to respond to technological changes in a timely manner[101](index=101&type=chunk) - The company faces risks from fluctuations in raw material (float glass, PVB, quartz sand, soda ash, natural gas) and labor costs[103](index=103&type=chunk) - RMB exchange rate fluctuations may impact the company's performance; the company mitigates risks by optimizing settlement currencies and utilizing foreign exchange financial instruments[105](index=105&type=chunk) - The company faces cybersecurity and data security risks and has established a multi-layered defense system and data protection control measures[107](index=107&type=chunk)[108](index=108&type=chunk) [Other Disclosures](index=38&type=section&id=%E5%85%B6%E4%BB%96%E6%8A%AB%E9%9C%B2%E4%BA%8B%E9%A0%85) The company actively responded to the SSE's "Quality Improvement and Return Enhancement" initiative, achieving double growth in revenue and profit, driven by innovation and a proactive dividend policy - The company actively responded to the SSE's "Quality Improvement and Return Enhancement" initiative, with H1 revenue growing by **16.94%** and net profit attributable to owners growing by **37.34%**[111](index=111&type=chunk) - The proportion of high-value-added products continues to increase, rising by **4.81 percentage points** compared to the same period last year, reflecting innovation-driven industrial upgrading[112](index=112&type=chunk) - The company proposes a 2025 interim cash dividend of **RMB 0.90 per share** (tax inclusive), accounting for **48.88%** of net profit attributable to owners[112](index=112&type=chunk) - The company strengthens investor communication through various channels, including general meetings, performance briefings, on-site visits, conference calls, and online interactions[112](index=112&type=chunk) [Corporate Governance, Environment, and Society](index=40&type=section&id=%E7%AC%AC%E5%9B%9B%E7%AF%80%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%92%B0%E5%A2%83%E5%92%8C%E7%A4%BE%E6%9C%83) This section outlines the company's corporate governance structure, board committees, environmental information disclosure, and contributions to poverty alleviation and rural revitalization [Profit Distribution Plan](index=40&type=section&id=%E5%88%A9%E6%BD%A4%E5%88%86%E9%85%8D%E9%A0%90%E6%A1%88) The company's semi-annual profit distribution plan proposes a cash dividend of RMB 9 per 10 shares (tax inclusive), with no bonus shares or capital reserve conversions Semi-Annual Profit Distribution Plan | Indicator | Value | | :--- | :--- | | Distribution or Conversion | Yes | | Number of Bonus Shares per 10 Shares (shares) | 0 | | Dividend per 10 Shares (RMB) (tax inclusive) | 9 | | Number of Shares Converted from Capital Reserve per 10 Shares (shares) | 0 | [Corporate Governance Overview](index=40&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E6%A6%82%E8%A6%BD) The company maintains high corporate governance standards, adhering to the Corporate Governance Code and Model Code for Securities Transactions by Directors, with a 9-member board including 3 independent non-executive directors - The company has adopted and strictly complied with the Corporate Governance Code and the Model Code for Securities Transactions by Directors of Listed Issuers during the reporting period[115](index=115&type=chunk)[117](index=117&type=chunk) - The Board of Directors consists of **9 directors**, including **3 independent non-executive directors**, meeting HKEX Listing Rules requirements[118](index=118&type=chunk) [Board Committees](index=41&type=section&id=%E8%91%A3%E4%BA%8B%E5%B1%80%E5%B0%88%E9%96%80%E5%A7%94%E5%93%A1%E6%9C%83) The company has Audit, Remuneration and Appraisal, Nomination, and Strategic Development Committees, each structured to ensure independence and professionalism in governance - The Audit Committee comprises three non-executive directors (including two independent non-executive directors), with Mr. Xue Zuyun, an independent non-executive director, as chairman[119](index=119&type=chunk) - The Remuneration and Appraisal Committee comprises one executive director and two independent non-executive directors, with Mr. Liu Jing, an independent non-executive director, as chairman[121](index=121&type=chunk) - The Nomination Committee comprises three members, with independent non-executive directors forming the majority, and Mr. Da Zhenghao, an independent non-executive director, as chairman[122](index=122&type=chunk) - The Strategic Development Committee comprises three members, with Mr. Cao Dewang, an executive director and chairman, as chairman[123](index=123&type=chunk) [Environmental Information Disclosure](index=43&type=section&id=%E7%92%B0%E5%A2%83%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2) The company and its key subsidiaries are listed as legally required environmental information disclosure enterprises, with relevant data accessible through the official disclosure system - The company and its main subsidiaries (Fuyao Glass Industry Group Co., Ltd. and Fujian Wanda Automotive Glass Industry Co., Ltd.) have been included in the list of enterprises required to disclose environmental information by law[127](index=127&type=chunk) - Relevant environmental information can be accessed through the Enterprise Environmental Information Legal Disclosure System (Fujian Beta version)[127](index=127&type=chunk) [Poverty Alleviation and Rural Revitalization](index=44&type=section&id=%E8%84%AB%E8%B2%B6%E6%94%BB%E5%A0%85%E8%88%87%E9%84%89%E6%9D%91%E6%8C%AF%E8%88%88) Through the Heren Charitable Foundation, established by Mr. Cao Dewang with a donation of 300 million Fuyao Glass shares, the company invested RMB 1 million in poverty alleviation and rural education revitalization projects - Through the Heren Charitable Foundation, **RMB 1 million** was invested in poverty alleviation and rural education revitalization projects[129](index=129&type=chunk) - The Heren Charitable Foundation is an independent charitable foundation, not controlled by Mr. Cao Dewang or his concert parties[129](index=129&type=chunk) [Significant Matters](index=45&type=section&id=%E7%AC%AC%E4%BA%94%E7%AF%80%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A0%85) This section covers the company's fulfillment of commitments, absence of major litigation, integrity status, and details of significant related party transactions during the reporting period [Fulfillment of Commitments](index=45&type=section&id=%E6%89%BF%E8%AB%BE%E4%BA%8B%E9%A0%85%E5%B1%A5%E8%A1%8C) The company strictly fulfilled its dividend distribution commitment outlined in the "Fuyao Glass Industry Group Co., Ltd. Shareholder Dividend Return Plan for the Next Three Years (2024–2026)" published on March 16, 2024 - The company strictly fulfilled its shareholder dividend return plan for the next three years (2024–2026) published on March 16, 2024[130](index=130&type=chunk) [Major Litigation and Integrity Status](index=45&type=section&id=%E9%87%8D%E5%A4%A7%E8%A8%B4%E8%A8%9F%E8%88%87%E8%AA%A0%E4%BF%A1%E7%8B%80%E6%B3%81) The company had no major litigation or arbitration matters during the reporting period, and its integrity status, along with that of its controlling shareholder and actual controller, remained sound - The company had no major litigation or arbitration matters during the reporting period[131](index=131&type=chunk) - The company and its actual controller had no unfulfilled effective court judgments or overdue large debts[132](index=132&type=chunk) [Significant Related Party Transactions](index=46&type=section&id=%E9%87%8D%E5%A4%A7%E9%97%9C%E8%81%AF%E4%BA%A4%E6%98%93) The company engaged in various related party transactions, including property leases with Huan Chuang Germany and Fujian Yaohua Industrial Village, and procurement/utility transactions with Tray King Packaging (Fuzhou) - The company's wholly-owned subsidiary, Fuyao Europe Glass Industry Co., Ltd., leased properties from Huan Chuang Germany Co., Ltd., with the lease term extending to December 31, 2029[134](index=134&type=chunk) - The company leased staff dormitories, canteens, training centers, and standard factory buildings from Fujian Yaohua Industrial Village Development Co., Ltd. for a term of **4 years**, starting from January 1, 2025[135](index=135&type=chunk) - The company engaged in raw and auxiliary material procurement and utility fee transactions (water, electricity, gas) with Tray King Packaging (Fuzhou) Co., Ltd. (a joint venture)[139](index=139&type=chunk)[144](index=144&type=chunk) - The company signed multiple lease contracts and supplementary contracts with Fujian Yaohua Industrial Village Development Co., Ltd., adjusting lease areas and fees[140](index=140&type=chunk)[142](index=142&type=chunk)[146](index=146&type=chunk) Related Party Transactions Related to Ordinary Operations in H1 2025 (Disclosed in temporary announcements, Unit: RMB ten thousand) | Related Party | Relationship | Type of Related Party Transaction | 2025 Estimated Amount | 2025 H1 Actual Amount | | :--- | :--- | :--- | :--- | :--- | | Tray King Packaging (Fuzhou) Co., Ltd. | Joint Venture | Purchase of Goods | 14,000.00 | 8,290.73 | | Tray King Packaging (Fuzhou) Co., Ltd. | Joint Venture | Sale of Water, Electricity | 170.00 | 71.40 | | Tray King Packaging (Fuzhou) Co., Ltd. | Joint Venture | Provision of Services | 400.00 | 200.69 | | Fujian Yaohua Industrial Village Development Co., Ltd. | Other | Lease of Property | 3,094.11 | 3,008.16 | | Huan Chuang Germany Co., Ltd. | Other | Lease of Property | 1,369.08 | 1,149.55 | | Total | - | - | 19,053.19 | 12,720.53 | Related Party Transactions Not Disclosed in Temporary Announcements in H1 2025 (Unit: RMB ten thousand) | Related Party | Relationship | Type of Related Party Transaction | Amount of Related Party Transaction | | :--- | :--- | :--- | :--- | | Fujian Sanfeng Auto Parts Development Co., Ltd. | Other | Lease of Property | 692.87 | | Fujian Sanfeng Auto Parts Development Co., Ltd. | Other | Purchase of Water, Electricity, etc. | 23.76 | | Fuyao Group Beijing Futong Safety Glass Co., Ltd. | Joint Venture | Acceptance of Services | 162.01 | | National Intelligent Connected Vehicle Innovation Center (Beijing) Co., Ltd. | Other | Acceptance of Services | 18.87 | | Fujian Fuyao University of Science and Technology | Other | Purchase of Long-term Assets | 14.15 | | Fujian Yaohua Industrial Village Development Co., Ltd. | Other | Lease of Property | 59.89 | | Fujian Yaohua Industrial Village Development Co., Ltd. | Other | Purchase of Water, Electricity | 130.32 | | Fujian Yaohua Industrial Village Development Co., Ltd. | Other | Sale of Water, Electricity | 58.33 | | Total | - | - | 1,160.20 | [Share Changes and Shareholder Information](index=53&type=section&id=%E7%AC%AC%E5%85%AD%E7%AF%80%20%E8%82%A1%E4%BB%BD%E8%AE%8A%E5%8B%95%E5%8F%8A%E8%82%A1%E6%9D%B1%E6%83%85%E6%B3%81) This section details the company's share capital, shareholder structure, and holdings of directors, supervisors, and senior management as of June 30, 2025 [Share Capital Changes](index=53&type=section&id=%E8%82%A1%E6%9C%AC%E8%AE%8A%E5%8B%95) The company's total share capital and share structure remained unchanged during the reporting period - The company's total share capital and share structure remained unchanged during the reporting period[152](index=152&type=chunk) [Shareholder Information](index=53&type=section&id=%E8%82%A1%E6%9D%B1%E4%BF%A1%E6%81%AF) As of June 30, 2025, the company had 93,264 shareholders. HKSCC NOMINEES LIMITED, San Yi Development Co., Ltd., and Hong Kong Securities Clearing Company Limited were among the top ten shareholders - As of June 30, 2025, the company had a total of **93,264 shareholders** (**93,220 A-share shareholders** and **44 H-share shareholders**)[153](index=153&type=chunk) Top Ten Shareholders' Shareholdings as of the End of the Reporting Period (Excluding shares lent through securities lending) | Shareholder Name | Number of Shares Held at Period End | Percentage (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | | HKSCC NOMINEES LIMITED | 595,825,494 | 22.83 | Unknown | | San Yi Development Co., Ltd. | 390,578,816 | 14.97 | Overseas Legal Person | | Hong Kong Securities Clearing Company Limited | 373,325,689 | 14.31 | Unknown | | Heren Charitable Foundation | 169,512,888 | 6.50 | Domestic Non-state-owned Legal Person | | Bai Yongli | 37,435,915 | 1.43 | Unknown | | Industrial and Commercial Bank of China Co., Ltd. - Huatai-PineBridge CSI 300 ETF | 28,476,494 | 1.09 | Unknown | | China Securities Finance Corporation Limited | 28,095,485 | 1.08 | Unknown | | Li Fuqing | 24,284,820 | 0.93 | Unknown | | Fujian Yaohua Industrial Village Development Co., Ltd. | 24,077,800 | 0.92 | Domestic Non-state-owned Legal Person | | Li Haiqing | 22,198,222 | 0.85 | Unknown | - San Yi Development Co., Ltd. and Fujian Yaohua Industrial Village Development Co., Ltd. are controlled by members of the same family[156](index=156&type=chunk) [Shareholdings of Directors, Supervisors, and Senior Management](index=55&type=section&id=%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%A3%E4%BA%8B%E5%8F%8A%E9%AB%98%E7%AE%A1%E6%8C%81%E8%82%A1) As of June 30, 2025, Chairman Cao Dewang held 414.97 million A-shares (15.90% of total share capital), with no changes in holdings for current or former directors, supervisors, and senior management during the period Interests of Directors, Supervisors, and Chief Executive in Shares (As of June 30, 2025) | Name | Position | Capacity/Nature of Interest | Number of Shares Held | Percentage of Total Issued Share Capital (%) | Share Class | | :--- | :--- | :--- | :--- | :--- | :--- | | Cao Dewang | Executive Director and Chairman | Beneficial Owner/Interest in Controlled Corporation | 414,971,444(L) | 15.90(L) | A-share | | Cao Hui | Executive Director and Vice Chairman | Interest in Controlled Corporation | 12,086,605(L) | 0.46(L) | A-share | | Li Xiaoxi | Board Secretary | - | 365,600 | - | H-share | - During the reporting period, there were no changes in the number of shares held by current and resigned directors, supervisors, and senior management[167](index=167&type=chunk) [Major Shareholder Interests](index=56&type=section&id=%E4%B8%BB%E8%A6%81%E8%82%A1%E6%9D%B1%E6%AC%8A%E7%9B%8A) As of June 30, 2025, Ms. Chen Fengying (spouse of Mr. Cao Dewang) was deemed to have an interest in 414.97 million A-shares, and several institutional investors held 5% or more of the company's H-shares - Ms. Chen Fengying (spouse of Mr. Cao Dewang) is deemed to have an interest in the **414,971,444 A-shares** held by Mr. Cao Dewang[163](index=163&type=chunk)[165](index=165&type=chunk) Interests and Short Positions of Major Shareholders in Shares and Related Shares (As of June 30, 2025) | Name | Capacity/Nature of Interest | Number of Shares Held | Percentage of Total Issued Share Capital (%) | Share Class | | :--- | :--- | :--- | :--- | :--- | | Chen Fengying | Spouse's Interest/Interest in Controlled Corporation | 414,971,444(L) | 15.90(L) | A-share | | San Yi Development Co., Ltd. | Beneficial Owner/Interest in Controlled Corporation | 390,578,816(L) | 14.97(L) | A-share | | Heren Charitable Foundation | Beneficial Owner | 169,512,888(L) | 6.50(L) | A-share | | BlackRock, Inc. | Interest in Controlled Corporation | 36,098,457(L) | 1.38(L) | H-share | | Citigroup Inc. | Interest in Controlled Corporation/Approved Lending Agent | 41,799,790(L) | 1.60(L) | H-share | | JPMorgan Chase & Co. | Beneficial Owner/Investment Manager, etc. | 82,887,481(L) | 3.18(L) | H-share | | Mitsubishi UFJ Financial Group, Inc. | Interest in Controlled Corporation | 36,735,600(L) | 1.41(L) | H-share | [Bond-Related Information](index=58&type=section&id=%E7%AC%AC%E4%B8%83%E7%AF%80%20%E5%82%B5%E5%88%B8%E7%9B%B8%E9%97%9C%E6%83%85%E6%B3%81) This section provides details on the company's non-financial enterprise debt financing instruments and key financial indicators related to its debt [Non-Financial Enterprise Debt Financing Instruments](index=58&type=section&id=%E9%9D%9E%E9%87%91%E8%9E%8D%E4%BC%81%E6%A5%AD%E5%82%B5%E5%8B%99%E8%9E%8D%E8%B3%87%E5%B7%A5%E5%85%B7) On June 17, 2025, the company issued its first tranche of ultra-short-term financing bonds (25 Fuyao Glass SCP001) for RMB 400 million at 1.75%, maturing on December 13, 2025 Basic Information on Non-Financial Enterprise Debt Financing Instruments (Unit: RMB 100 million) | Bond Name | Abbreviation | Code | Issue Date | Interest Commencement Date | Maturity Date | Bond Balance | Interest Rate (%) | Repayment Method | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | 2025 First Tranche Ultra-short-term Financing Bonds | 25 Fuyao Glass SCP001 | 012581413 | June 17, 2025 | June 19, 2025 | December 13, 2025 | 4 | 1.75 | One-off principal and interest repayment at maturity | [Key Accounting Data and Financial Indicators](index=58&type=section&id=%E4%B8%BB%E8%A6%81%E6%9C%83%E8%A8%88%E6%95%B8%E6%93%9A%E5%92%8C%E8%B2%A1%E5%8B%99%E6%8C%87%E6%A8%99) As of the reporting period end, liquidity ratios decreased, the asset-liability ratio slightly increased to 45.76%, while profitability and solvency indicators like EBITDA to total debt ratio and interest coverage ratios significantly improved Key Accounting Data and Financial Indicators (Prepared under PRC GAAP, Unit: RMB yuan) | Key Indicator | Current Period End/Current Period (Jan-Jun) | Prior Year End/Prior Year Period | % Change from Prior Year End/Prior Year Period | | :--- | :--- | :--- | :--- | | Current Ratio | 1.61 | 2.02 | -20.30 | | Quick Ratio | 1.34 | 1.69 | -20.71 | | Asset-Liability Ratio (%) | 45.76 | 43.58 | 2.18 | | Net Profit After Deducting Non-recurring Gains and Losses | 4,706,682,555 | 3,576,317,296 | 31.61 | | EBITDA to Total Debt Ratio | 0.36 | 0.27 | 33.33 | | Interest Coverage Ratio | 29.74 | 23.68 | 25.59 | | Cash Interest Coverage Ratio | 32.48 | 24.04 | 35.11 | | EBITDA Interest Coverage Ratio | 37.13 | 31.06 | 19.54 | | Loan Repayment Rate (%) | 100.00 | 100.00 | 0 | | Interest Payment Rate (%) | 100.00 | 100.00 | 0 | - Net profit after deducting non-recurring gains and losses increased by **31.61%**, mainly due to revenue growth and quality and efficiency improvements[173](index=173&type=chunk) - EBITDA to total debt ratio, interest coverage ratio, cash interest coverage ratio, and EBITDA interest coverage ratio all significantly improved, reflecting enhanced profitability and solvency[173](index=173&type=chunk) [Financial Report](index=60&type=section&id=%E7%AC%AC%E5%85%AB%E7%AF%80%20%E8%B2%A1%E5%8B%99%E5%A0%B1%E5%91%8A) This section presents the company's unaudited condensed consolidated interim financial statements for the six months ended June 30, 2025, along with detailed notes [Condensed Consolidated Interim Financial Statements](index=60&type=section&id=%E7%B0%A1%E6%98%8E%E5%90%88%E4%BD%B5%E4%B8%AD%E6%9C%9F%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) This section provides the company's unaudited condensed consolidated interim financial statements for the six months ended June 30, 2025, including the balance sheet, income statement, comprehensive income statement, statement of changes in equity, and cash flow statement - The condensed consolidated interim financial statements are unaudited and were approved for publication by the Board of Directors on August 19, 2025[187](index=187&type=chunk) - The financial statements are presented in **RMB thousand** and prepared in accordance with International Financial Reporting Standards (IFRS)[186](index=186&type=chunk)[188](index=188&type=chunk) [Condensed Consolidated Interim Balance Sheet](index=60&type=section&id=%E7%B0%A1%E6%98%8E%E5%90%88%E4%BD%B5%E4%B8%AD%E6%9C%9F%E8%B2%A1%E7%94%A2%E8%B2%A0%E5%82%B5%E8%A1%A8) As of June 30, 2025, total assets were RMB 65.72 billion, total liabilities RMB 30.07 billion, and equity attributable to owners RMB 35.66 billion Summary of Condensed Consolidated Interim Balance Sheet (Unit: RMB thousand) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Non-current Assets | 28,804,003 | 26,860,571 | | Total Current Assets | 36,916,732 | 36,403,083 | | Total Assets | 65,720,735 | 63,263,654 | | Total Current Liabilities | 22,942,633 | 17,988,932 | | Total Non-current Liabilities | 7,124,006 | 9,579,680 | | Equity Attributable to Owners of the Company | 35,659,901 | 35,703,839 | | Total Equity | 35,654,096 | 35,695,042 | [Condensed Consolidated Interim Income Statement](index=62&type=section&id=%E7%B0%A1%E6%98%8E%E5%90%88%E4%BD%B5%E4%B8%AD%E6%9C%9F%E5%88%A9%E6%BD%A4%E8%A1%A8) In H1 2025, the company reported revenue of RMB 21.45 billion, gross profit of RMB 7.85 billion, profit before tax of RMB 5.79 billion, and net profit attributable to owners of RMB 4.80 billion Summary of Condensed Consolidated Interim Income Statement (Unit: RMB thousand) | Item | Cumulative for June 2025 | Cumulative for June 2024 | | :--- | :--- | :--- | | Revenue | 21,447,392 | 18,339,730 | | Gross Profit | 7,847,315 | 6,435,102 | | Operating Profit | 5,527,914 | 3,771,323 | | Profit Before Tax | 5,794,033 | 4,125,070 | | Period Profit | 4,807,416 | 3,501,549 | | Profit Attributable to Owners of the Company | 4,804,424 | 3,498,318 | | Basic and Diluted Earnings Per Share (RMB) | 1.84 | 1.34 | [Condensed Consolidated Interim Statement of Comprehensive Income](index=63&type=section&id=%E7%B0%A1%E6%98%8E%E5%90%88%E4%BD%B5%E4%B8%AD%E6%9C%9F%E7%B6%9C%E5%90%88%E6%94%B6%E7%9B%8A%E8%A1%A8) In H1 2025, period profit was RMB 4.81 billion, with total comprehensive income of RMB 4.66 billion, primarily impacted by negative foreign currency translation differences Summary of Condensed Consolidated Interim Statement of Comprehensive Income (Unit: RMB thousand) | Item | Cumulative for June 2025 | Cumulative for June 2024 | | :--- | :--- | :--- | | Profit for the Period | 4,807,416 | 3,501,549 | | Other Comprehensive Income: Foreign Currency Translation Differences | (150,824) | 95,874 | | Total Comprehensive Income for the Period | 4,656,592 | 3,597,423 | | Total Comprehensive Income Attributable to Owners of the Company | 4,653,600 | 3,594,192 | [Condensed Consolidated Interim Statement of Changes in Equity](index=64&type=section&id=%E7%B0%A1%E6%98%8E%E5%90%88%E4%BD%B5%E4%B8%AD%E6%9C%9F%E6%AC%8A%E7%9B%8A%E8%AE%8A%E5%8B%95%E8%A1%A8) As of June 30, 2025, equity attributable to owners totaled RMB 35.66 billion, reflecting period profit, foreign currency translation differences, and dividend payments Summary of Condensed Consolidated Interim Statement of Changes in Equity (Attributable to owners of the company, Unit: RMB thousand) | Item | Share Capital | Share Premium | Other Reserves | Retained Earnings | Total | | :--- | :--- | :--- | :--- | :--- | :--- | | As of January 1, 2025 | 2,609,744 | 9,680,392 | 4,778,234 | 18,635,469 | 35,703,839 | | Profit for the Period | - | - | - | 4,804,424 | 4,804,424 | | Foreign Currency Translation Differences | - | - | (150,824) | - | (150,824) | | Dividends Declared Related to 2024 | - | - | - | (4,697,538) | (4,697,538) | | As of June 30, 2025 | 2,609,744 | 9,680,392 | 4,627,410 | 18,742,355 | 35,659,901 | [Condensed Consolidated Interim Cash Flow Statement](index=66&type=section&id=%E7%B0%A1%E6%98%8E%E5%90%88%E4%BD%B5%E4%B8%AD%E6%9C%9F%E7%8F%BE%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In H1 2025, net cash from operating activities was RMB 5.35 billion, while net cash used in investing and financing activities was RMB 2.79 billion and RMB 3.04 billion, respectively Summary of Condensed Consolidated Interim Cash Flow Statement (Unit: RMB thousand) | Item | Cumulative for June 2025 | Cumulative for June 2024 | | :--- | :--- | :--- | | Net Cash Generated from Operating Activities | 5,354,476 | 3,325,260 | | Net Cash Used in Investing Activities | -2,788,956 | -3,900,675 | | Net Cash Used in Financing Activities | -3,043,172 | -294,847 | | Net Decrease in Cash and Cash Equivalents | -477,652 | -870,262 | | Cash and Cash Equivalents at End of Period | 18,276,447 | 12,536,763 | [Notes to the Condensed Consolidated Interim Financial Information](index=67&type=section&id=%E7%B0%A1%E6%98%8E%E5%90%88%E4%BD%B5%E4%B8%AD%E6%9C%9F%E8%B2%A1%E5%8B%99%E8%B3%87%E6%96%99%E9%99%84%E8%A8%BB) This section provides detailed notes to the condensed consolidated interim financial statements, covering accounting policies, financial risk management, key estimates, segment information, and related party transactions - The Group's condensed consolidated interim financial statements are prepared in accordance with International Financial Reporting Standards (IFRS)[188](index=188&type=chunk) - The Group faces market risks (foreign exchange risk, interest rate risk), credit risk, and liquidity risk, managed through overall risk management by management[191](index=191&type=chunk) - Key accounting estimates and judgments include estimated useful lives and residual values of property, plant, and equipment, net realizable value of inventories, current and deferred income tax, and impairment of financial and non-financial assets[208](index=208&type=chunk)[209](index=209&type=chunk)[210](index=210&type=chunk)[211](index=211&type=chunk)[214](index=214&type=chunk)[215](index=215&type=chunk) - The Group operates as a single operating segment; no single external customer accounted for **10% or more** of the Group's revenue during the reporting period[216](index=216&type=chunk)[217](index=217&type=chunk) - Income tax expense is affected by tax laws and preferential tax rates in China, Hong Kong, the US, Russia, Germany, and other regions, and includes foreign exchange gains due to exchange rate fluctuations[249](index=249&type=chunk)[250](index=250&type=chunk)[251](index=251&type=chunk)[254](index=254&type=chunk)[255](index=255&type=chunk) - Related party transactions include sales of goods, purchases of services, rental income, interest expense on lease liabilities, and key management personnel compensation, all complying with relevant disclosure requirements[262](index=262&type=chunk)[264](index=264&type=chunk)[265](index=265&type=chunk)[266](index=266&type=chunk)

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3606） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條刊發。 茲載列福耀玻璃工業集團股份有限公司（「本公司」）在上海證券交易所網站 (http://www.sse.com.cn) 刊發的《總經理工作細則（2025 年第一次修訂）》， 僅供參閱。 承董事局命 福耀玻璃工業集團股份有限公司 曹德旺 董事長 中國福建省福州市，2025 年 8 月 19 日 於本公告日期，本公司董事局成員包括執行董事曹德旺先生、曹暉先生、葉舒先 生及陳向明先生；非執行董事吳世農先生及朱德貞女士；獨立非執行董事劉京先 生、薛祖雲先生及達正浩先生。 福耀玻璃工业集团股份有限公司 总经理工作细则 （2025 年第一次修订） 第一章 总 则 第一条 为进一步完善福耀玻璃工业集团股份有限公司（以下简称"公司"、 "本公司"）的公司法人治理结构， ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3606） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條刊發。 茲載列福耀玻璃工業集團股份有限公司（「本公司」）在上海證券交易所網站 (http://www.sse.com.cn) 刊發的《董事、高級管理人員離職管理制度》，僅供 參閱。 承董事局命 福耀玻璃工業集團股份有限公司 曹德旺 董事長 中國福建省福州市，2025 年 8 月 19 日 於本公告日期，本公司董事局成員包括執行董事曹德旺先生、曹暉先生、葉舒先 生及陳向明先生；非執行董事吳世農先生及朱德貞女士；獨立非執行董事劉京先 生、薛祖雲先生及達正浩先生。 福耀玻璃工业集团股份有限公司 第二条 本制度适用于公司所有董事、高级管理人员因辞任（辞职）、任期 届满、被解任或解聘以及其他原因离职的情形。 第二章 离职情形与程序 第三条 公司董事、高级管理人员任期按 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3606） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條刊發。 茲載列福耀玻璃工業集團股份有限公司（「本公司」）在上海證券交易所網站 (http://www.sse.com.cn) 刊發的《關於召開 2025 年半年度業績說明會的公告》， 僅供參閱。 承董事局命 福耀玻璃工業集團股份有限公司 福耀玻璃工业集团股份有限公司 关于召开 2025 年半年度业绩说明会的公告 本公司董事局及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 曹德旺 董事長 中國福建省福州市，2025 年 8 月 19 日 於本公告日期，本公司董事局成員包括執行董事曹德旺先生、曹暉先生、葉舒先 生及陳向明先生；非執行董事吳世農先生及朱德貞女士；獨立非執行董事劉京先 生、薛祖雲 ...

2025年8月19日公司第十一届董事局第九次会议审议通过《关于更换一名独立董事的议案》，公司董事 局同意提名LIU XIAOZHI（刘小稚）女士为公司第十一届董事局独立董事候选人，并提请公司股东大 会审议。 格隆汇8月19日丨福耀玻璃(03606.HK)发布公告，公司董事局于近日收到公司独立董事刘京先生的书面 离职报告。刘京先生自2019年10月30日起担任公司独立董事，连续任职时间即将满6年。根据有关规 定，刘京先生提出辞去其所担任的独立董事和董事局各专门委员会委员及/或主任等职务。刘京先生辞 去上述职务后，将不在公司及其控股子公司担任任何职务。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3606） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條刊發。 茲載列福耀玻璃工業集團股份有限公司（「本公司」）在上海證券交易所網站 (http://www.sse.com.cn) 刊發的《2025 年半年度報告》，僅供參閱。 承董事局命 福耀玻璃工業集團股份有限公司 曹德旺 董事長 中國福建省福州市，2025 年 8 月 19 日 於本公告日期，本公司董事局成員包括執行董事曹德旺先生、曹暉先生、葉舒先 生及陳向明先生；非執行董事吳世農先生及朱德貞女士；獨立非執行董事劉京先 生、薛祖雲先生及達正浩先生。 福耀玻璃工业集团股份有限公司2025 年半年度报告 公司代码：600660 公司简称：福耀玻璃 福耀玻璃工业集团股份有限公司 2025 年半年度报告 1 / 136 福耀玻璃工业集团股份有限公司2025 年半年度 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3606） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條刊發。 茲載列福耀玻璃工業集團股份有限公司（「本公司」）在上海證券交易所網站 (http://www.sse.com.cn) 刊發的《關於修改部分制度的公告》，僅供參閱。 证券代码：600660 证券简称：福耀玻璃 公告编号：2025-024 福耀玻璃工业集团股份有限公司 关于修改部分制度的公告 承董事局命 福耀玻璃工業集團股份有限公司 曹德旺 董事長 中國福建省福州市，2025 年 8 月 19 日 於本公告日期，本公司董事局成員包括執行董事曹德旺先生、曹暉先生、葉舒先 生及陳向明先生；非執行董事吳世農先生及朱德貞女士；獨立非執行董事劉京先 生、薛祖雲先生及達正浩先生。 本公司董事局及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对 ...