每经AI快讯，10月20日，港股福耀玻璃(03606.HK)反弹逾3%，上一交易日跌近6%。截至发稿，涨 3.48%，报69.85港元，成交额1.6亿港元。 ...

消息面上，福耀玻璃近日公布2025年第三季度业绩，营业收入约118.55亿元，同比增长18.86%；归属于 上市公司股东的净利润约22.59亿元，同比增长14.09%。此外，为推动公司结构战略性优化与可持续发 展需要，曹德旺辞任公司董事长，并由曹晖担任公司董事长暨法定代表人。招商证券香港指出，公司三 季度业绩稳健增长，符合预期，短期扰动因素不改长期趋势；汽玻ASP长期有翻倍增长潜力，铝饰条开 辟新增长点，美国工厂向好；新管理层开始接班，预计战略延续稳定。 福耀玻璃（600660）(03606)反弹逾3%，上一交易日跌近6%。截至发稿，涨3.48%，报69.85港元，成交 额1.6亿港元。 ...

消息面上，福耀玻璃近日公布2025年第三季度业绩，营业收入约118.55亿元，同比增长18.86%；归属于 上市公司股东的净利润约22.59亿元，同比增长14.09%。此外，为推动公司结构战略性优化与可持续发 展需要，曹德旺辞任公司董事长，并由曹晖担任公司董事长暨法定代表人。招商证券香港指出，公司三 季度业绩稳健增长，符合预期，短期扰动因素不改长期趋势；汽玻ASP长期有翻倍增长潜力，铝饰条开 辟新增长点，美国工厂向好；新管理层开始接班，预计战略延续稳定。 智通财经APP获悉，福耀玻璃(03606)反弹逾3%，上一交易日跌近6%。截至发稿，涨3.48%，报69.85港 元，成交额1.6亿港元。 ...

Core Viewpoint - The report from China Merchants Securities Hong Kong indicates that Fuyao Glass (03606) has long-term growth potential for its automotive glass average selling price (ASP) and is expanding into new businesses such as aluminum trim, which strengthens its internal growth momentum [1] Group 1: Financial Performance - The company's Q3 2025 net profit attributable to shareholders was 2.26 billion RMB, showing a year-on-year increase of 14.1% but a quarter-on-quarter decrease of 18.6%, aligning with expectations but falling short of the consensus forecast of 2.7 billion RMB [1] - Revenue for Q3 2025 reached 11.86 billion RMB, reflecting a year-on-year growth of 18.9% and a quarter-on-quarter increase of 2% [1] Group 2: Growth Drivers - There is significant room for ASP improvement, driven by high-value-added products, which accounted for 52.2% of total sales in the first three quarters, an increase of 4.9 percentage points year-on-year, contributing to a 6.9% year-on-year growth in ASP [2] - New growth points include aluminum trim, as the company’s new management team begins to take over [2]

以下文章来源于时代财经APP ，作者何明俊 时代财经APP . 聚焦于企业财经新闻，互联网新闻信息服务许可证编号：44120230006 图源：图虫 作者 | 何明俊 编辑 | 高秋榕 导语：福耀玻璃正式进入"二代"时代。 10月16日晚间，福耀玻璃（600660.SH/03606.HK）发布公告称，公司董事长曹德旺因推动公司治理结构战略性优化与可持续发展的需要，辞 去董事长职务，但将继续担任公司董事及部分子公司的董事、董事长和法定代表人职务。 同时，公司选举曹晖为新任董事长，并任命其为法定代表人及董事局战略发展委员会主任。曹德旺被委任为公司终身荣誉董事长。此次职务变动 不会对公司正常经营活动产生不利影响。 不过，这位现年79岁的企业家尚未完全放手。根据公告，曹德旺仍将继续担任公司董事及部分子公司的董事、董事长和法定代表人职务。 长子曹晖接任曹德旺成为董事长，标志着这家全球汽车玻璃巨头正式进入"二代"掌门时代。而曹德旺这位自公司创立以来一直掌舵的创始人，正 式卸下了肩头的重担。 曹德旺白手起家，他说过一句流传甚广的话，"我之所以能赢，要感谢我是从零开始。" 曹德旺1946年生于上海，祖籍福建福清。因家道中落， ...

点击蓝字关注我们 "玻璃大王"曹德旺 长江商报记者 潘瑞冬 10月16日，福耀玻璃（600660.SH、03606.HK）完成代际传承。79岁的曹德旺将董事长职务正式交予长子曹晖，为企业长达37年的创始人时代画上句号。 在资本市场与大众视野里，曹德旺是中国最具知名度的企业家之一。这源于他在实业与慈善两方面的成就。 曹德旺是"玻璃大王"。他一手创办的福耀玻璃已是全球最大汽车玻璃制造商，全球每3块汽车玻璃，就有1块来自福耀玻璃。 曹德旺还是"中国首善"。根据他创立的河仁慈善基金会的官网数据，从1983年第一次捐款至今，曹德旺的累计个人捐款已达160亿元。他热忱教育，希望 培养出社会急需的拔尖创新人才，他承诺捐款100亿元创办的福耀科技大学已于9月开始招生。 "真正的企业家要做到三点：国家会因为有你而强大，社会会因为有你而进步，人民会因为有你而富足。"曹德旺以身作则，用实际行动诠释了企业家的社 会责任。 几十年如一日做汽车玻璃，曹德旺引领了中国汽车玻璃行业走向世界。 1946年，曹德旺出生于福建福清，自幼家贫，初中就辍学为家计奔波，尝遍了生活的艰辛。 辗转过各种生计之后，1976年，已经30岁的曹德旺迎来人生转折点 ...

Core Viewpoint - Fuyao Glass (600660)(03606) has long-term growth potential in automotive glass ASP, with new business developments such as aluminum trim contributing to strong organic growth. The core profit forecast for 2025-2027 remains unchanged, and the "Buy" rating is maintained with a target price of HKD 86, equivalent to 20x FY26 P/E, slightly below the historical average [1] Group 1: Financial Performance - Q3 2025 net profit attributable to shareholders was CNY 2.26 billion, with a year-on-year increase of 14.1% but a quarter-on-quarter decrease of 18.6%, aligning with expectations but below the consensus forecast of CNY 2.7 billion [1] - Q3 2025 revenue reached CNY 11.86 billion, showing a year-on-year growth of 18.9% and a quarter-on-quarter increase of 2.7%, continuing steady growth [1] - Q3 2025 gross margin was 37.9%, down 0.9 percentage points year-on-year and 0.6 percentage points quarter-on-quarter, slightly affected by increased rebates to manufacturers and short-term disruptions from new factory ramp-up [1] - Q3 2025 net margin was 19.1%, down 0.8 percentage points year-on-year and 5.0 percentage points quarter-on-quarter, with the quarter-on-quarter decline influenced by high base effects from exchange gains in the first half of the year [1] Group 2: Growth Drivers - High-value-added products accounted for 52.2% of revenue in the first three quarters, up 4.9 percentage points year-on-year, driving ASP growth of 6.9% [2] - The aluminum trim business generated CNY 0.95 billion in revenue in the first three quarters, a year-on-year increase of 27.7%, with a revenue target of CNY 5.5-6 billion by 2028 [2] - The U.S. factory reported a profit margin of 13.6% in Q3 2025, with expectations for a stable margin of 14.7% for the full year, reflecting ongoing capacity ramp-up and product launches [2] - Cost factors such as soda ash prices are expected to average around CNY 1,500 per ton for the year, with stable natural gas prices and declining shipping costs anticipated [2] Group 3: Management Changes - The company has appointed a new management team, with Mr. Cao De Wang resigning as chairman and Mr. Cao Hui taking over, bringing a wealth of experience and a clear long-term strategy [2]

Core Viewpoint - The report from China Merchants Securities Hong Kong indicates that Fuyao Glass (03606) has long-term growth potential in automotive glass ASP and is expanding into new businesses like aluminum trim, which strengthens its internal growth momentum. The core profit forecasts for 2025-2027 remain unchanged, and the "Buy" rating is maintained with a target price of HKD 86, equivalent to 20x FY26 P/E, slightly below the historical average upper standard deviation of 21x [1]. Financial Performance - The company's Q3 2025 net profit attributable to shareholders was RMB 2.26 billion, showing a year-on-year increase of 14.1% but a quarter-on-quarter decrease of 18.6%, aligning with expectations but below the consensus forecast of RMB 2.7 billion [2]. - Q3 2025 revenue reached RMB 11.86 billion, reflecting a year-on-year growth of 18.9% and a quarter-on-quarter increase of 2.7%, continuing a steady growth trend [2]. - The gross margin for Q3 2025 was 37.9%, down by 0.9 percentage points year-on-year and 0.6 percentage points quarter-on-quarter, slightly affected by increased rebates to manufacturers and short-term disruptions from new factory ramp-ups [2]. - The net profit margin for Q3 2025 was 19.1%, down by 0.8 percentage points year-on-year and 5.0 percentage points quarter-on-quarter, with the quarter-on-quarter decline attributed to a high base from exchange gains in the first half of the year [2]. Growth Drivers - The ASP has significant room for improvement, driven by high-value-added products, which accounted for 52.2% of total sales in the first three quarters, up 4.9 percentage points year-on-year, leading to a 6.9% year-on-year increase in ASP [3]. - The aluminum trim business showed strong guidance, with revenue of RMB 0.95 billion in the first three quarters, a year-on-year increase of 27.7%. The company aims for revenue of RMB 5.5-6 billion by 2028, capturing about one-third of the global market share [3]. - The U.S. factory reported a profit margin of 13.6% in Q3 2025, with expectations for a stable profit margin of 14.7% for the year, reflecting a year-on-year increase of 1.5 percentage points [3]. - Cost factors remain stable, with soda ash prices expected to average around RMB 1,500 per ton for the year, and shipping costs anticipated to continue declining [3]. - A new management team has taken over, with a focus on maintaining a clear long-term strategy, which is expected to support continued growth [3].

格隆汇10月20日丨根据联交所最新权益披露资料显示，2025年10月15日，福耀玻璃(03606.HK)遭 Mitsubishi UFJ Financial Group, Inc.在场内以每股均价73.8368港元减持好仓57.72万股，涉资约4261.86万 港元。 减持后，Mitsubishi UFJ Financial Group, Inc.最新持好仓数目为3615.84万股，持好仓比例由6.05%下降至 5.95%。 | SURE | 大發東/鹽聯產高行政人員名稱作出發體的 廣入 / 青田或多及的 每股勢平均價 | | | | | 持有哪些的股份數目 佔已發行的 有關事件的日期 相談法蘭股份 價權簡單益 | | --- | --- | --- | --- | --- | --- | --- | | | | 1999 | 加固原日 | | | (網動製上班*註 有投團權股(日/月/年) 經臣 | | | | | | | | 司司分比 | | GS20251017E00041 | Mitsubishi UFJ Financial | 1201(L) | | 577,200(L) | HKD 73 8368 ...

Group 1 - As of October 20, a total of 79 A-share listed companies have disclosed their Q3 2025 reports, with 66 companies reporting profits and 13 companies reporting losses [1][2] - The total revenue of these companies reached 833.56 billion yuan, representing a year-on-year increase of 10.61%, while the total net profit was 89.86 billion yuan, reflecting a year-on-year increase of 40.79% [1] - From the perspective of net profit changes, 59 companies reported an increase in net profit year-on-year, while 20 companies reported a decline [1] Group 2 - Among the companies reporting, 21 companies achieved a net profit growth exceeding 50%, with Guanghua Technology, Shijia Photon, and Shentong Technology leading the way with growth rates of 1233.70%, 727.74%, and 584.07% respectively [2] - Twelve companies reported net profits exceeding 1 billion yuan, with Zijin Mining, Hikvision, and Fuyao Glass at the forefront, reporting net profits of 37.86 billion yuan, 9.32 billion yuan, and 7.06 billion yuan respectively [2] - Notably, companies such as Xingwang Yuda, Yangjie Technology, and Darui Electronics reported significant net profit growth rates of 260.00%, 45.51%, and 26.84% respectively [1]