【导读】曹德旺辞去董事长职务，选举曹晖为新董事长 "玻璃大王"曹德旺提前辞职！他的本届董事长任期原本要到2027年1月才到期。 10月16日，福耀玻璃（600660）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，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。 据每日经济新闻报道，10月16日晚间，曹德旺在接受采访时表示："我八十岁了，（该）退休了。""我想，退下来对福耀更有好处，让新一代人（去接 手）。" 曹德旺表示，目前身体没有问题，想开启退休生活，"不会把精力放在（福耀科技）大学上面，大学由王树国接手去管了。" 公开信息显示，曹德旺直接及间接持有福耀玻璃15.66%股份，为公司的实控人和最终控制人。曹德旺自1999年8月起任福耀玻璃董事局执行董事兼董事 长，亦为公司主要创办人、经营者和投资人之一。 曹晖自1998年8月起任公司董事，自2015年8月起任公司副董事长，2006年9月至2015年7月任公司总经理。曹德旺是福耀玻璃此次选举 ...

Core Viewpoint - The chairman of Fuyao Glass, Cao Dewang, announced his intention to retire, believing that stepping down would benefit the company by allowing a new generation to take over [1] Company Leadership Transition - Cao Dewang, aged 80, has submitted his resignation as chairman but will continue to serve as a director of the company [1] - He will also maintain his roles as a director, chairman, and legal representative in some subsidiaries [1] Future Plans - Cao Dewang expressed that he does not plan to focus on Fuyao University and has handed over its management to Wang Shuguo [1] - He indicated a desire to start his retirement life, emphasizing that his health is currently good [1]

Core Viewpoint - Fuyao Glass has undergone significant leadership changes with founder Cao Dewang resigning as chairman while remaining a board member, emphasizing the need for new leadership at the age of 80 [2][4] Leadership Changes - Cao Dewang has stepped down as chairman but will continue as a board member and hold various positions in subsidiaries, while being appointed as honorary chairman for life [3][6] - The board has elected Cao Hui as the new chairman of the board [2] Financial Performance - Fuyao Glass reported strong financial results for the first three quarters of 2025, achieving revenue of 33.302 billion yuan, a year-on-year increase of 17.62% [6] - The net profit attributable to shareholders reached 7.064 billion yuan, reflecting a year-on-year growth of 28.93% [6] - The company attributed the profit growth to rapid revenue increase, efficiency improvements, and higher foreign exchange gains [7] Cash Flow - The net cash flow from operating activities for the first three quarters was 9.885 billion yuan, a significant increase of 57.29% compared to the previous year [8] Market Outlook - Research institutions are optimistic about the future of the automotive glass market, with Goldman Sachs noting significant improvements in product structure and gross margin for Fuyao Glass [9] - UBS has recently raised the target price for Fuyao Glass, indicating positive market sentiment [9]

Core Points - The founder of Fuyao Glass, Cao Dewang, has officially handed over the leadership to his son, Cao Hui, as he steps down from the chairman position at the age of 79, while still remaining a board member and involved in some subsidiary roles [1][2] - Fuyao Glass has become the world's largest automotive glass manufacturer, holding nearly 34% of the global market share, with products used by renowned automotive brands [4][5] Leadership Transition - Cao Dewang submitted his resignation as chairman but will continue to serve as a board member and in other capacities, while Cao Hui has been elected as the new chairman [1][2] - The transition has been in preparation for over three years, with Cao Dewang expressing confidence in the management team and the readiness of the next generation [5][6] Company Background - Fuyao Glass was founded by Cao Dewang in 1983, evolving from a small local factory to a multinational corporation with production bases in 12 countries [4] - The company employs approximately 37,000 people and has 61 subsidiaries, showcasing significant growth and international presence [4] Educational Initiatives - Cao Dewang has invested heavily in establishing Fuyao University, with a commitment of 10 billion yuan, of which 4.3 billion yuan has already been spent [6] - The university aims to foster new talent and is seen as part of Cao Dewang's legacy, as he prepares to step back from corporate responsibilities [5][6] Philanthropic Efforts - Cao Dewang has donated nearly 20 billion yuan to various social causes, emphasizing the importance of corporate social responsibility and the role of entrepreneurs in society [5][6] - He believes that true entrepreneurs should contribute to national strength, social progress, and the prosperity of the people [6]

Group 1: Corporate Leadership Changes - Fuyao Glass's chairman, Cao Dewang, has submitted his resignation but will continue to serve as a director and hold positions in some subsidiaries. His son, Cao Hui, has been elected as the new chairman [1] Group 2: Corporate Transactions - TBEA's subsidiary plans to acquire a 74.19% stake in Shuguang Cable for 946 million yuan to enhance its market share in high-end cable products [2] - Zhiguan Electric intends to purchase minority stakes in its subsidiary, Zhiguan Energy Storage, through a combination of share issuance and cash payment [5] - Yiyi Co. plans to invest 70.2 million yuan in a venture capital fund to strengthen its investment layout in the pet industry [6] Group 3: Corporate Performance - Rongzhi Rixin expects a net profit increase of 871.3% to 908.09% year-on-year for the first three quarters, driven by growth in the power, petrochemical, and non-ferrous industries [7] - Taihe New Materials' subsidiary, Minshida, reported a 28.88% increase in net profit year-on-year for the first three quarters [9] - Fuyao Glass reported a 28.93% increase in net profit year-on-year for the first three quarters, with a revenue growth of 17.62% [10] - Chunfeng Power's net profit increased by 30.89% year-on-year for the first three quarters, attributed to steady business growth [11] - Guobang Pharmaceutical's net profit grew by 23.17% year-on-year in the third quarter, despite a slight decline in revenue [12] - Tianan New Materials reported a 31.12% increase in net profit year-on-year for the third quarter, driven by growth in its subsidiaries [13] - Guangsheng Nonferrous expects to turn a profit in the first three quarters, with a projected net profit of 100 million to 130 million yuan, benefiting from rising rare earth market prices [14] - Aobi Zhongguang anticipates a net profit of approximately 108 million yuan for the first three quarters, marking a return to profitability [15] Group 4: Share Buybacks and Reductions - Jinchuan Group's shareholder, China Railway, plans to reduce its stake by up to 3% [16] - Yinlong Co.'s actual controller plans to reduce its stake by up to 1.96% [17] - Action Education's shareholders plan to collectively reduce their holdings by up to 230,000 shares [18] - Zhijiang Bio plans to repurchase shares worth between 60 million and 120 million yuan for employee stock ownership plans [19] Group 5: Significant Contracts - Buchang Pharmaceutical's subsidiary signed a technical service contract with WuXi AppTec for 10.8 million yuan, enhancing its drug development capabilities [20] - Zhongchao Holdings' subsidiary is involved in a national key project on new materials, focusing on high-temperature alloy casting [20]

Core Viewpoint - Fuyao Glass has undergone significant leadership changes with founder Cao Dewang resigning as chairman while remaining a board member, emphasizing the need for new leadership at the age of 80 [1][2]. Group 1: Leadership Changes - Cao Dewang has stepped down as chairman but will continue to serve as a board member and hold various positions in subsidiaries [2]. - The board has elected Cao Hui as the new chairman of the board [1]. - Cao Dewang has been appointed as the honorary chairman for life [2]. Group 2: Company Performance - Fuyao Glass reported a strong performance for the first three quarters of 2025, achieving a revenue of 33.302 billion yuan, a year-on-year increase of 17.62% [4]. - The net profit attributable to shareholders reached 7.064 billion yuan, reflecting a year-on-year growth of 28.93% [4]. - The company attributed its profit growth to increased revenue, efficiency improvements, and a rise in foreign exchange gains [4]. Group 3: Cash Flow and Market Outlook - The net cash flow from operating activities for the first three quarters was 9.885 billion yuan, a significant increase of 57.29% compared to the previous year [4]. - Research institutions are optimistic about the future of the automotive glass market, with Goldman Sachs noting significant improvements in product structure and gross margin [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 elected as the new chairman [1][4][5]. Group 1: Leadership Changes - Cao Dewang has resigned from his position as chairman, which was originally set to last until January 2027, to facilitate a transition to a new generation of leadership [1][4]. - Cao Hui has been elected as the new chairman and appointed as the legal representative and head of the board's strategic development committee [4][5]. - Cao Dewang will continue to serve as a director and hold various positions in subsidiaries, while being named the lifetime honorary chairman of the company [4][7]. Group 2: Personal Insights - In an interview, Cao Dewang expressed his desire to retire at the age of 80, believing that stepping down would benefit Fuyao Glass and allow new leadership to take over [4][5]. - He confirmed that he is in good health and will not be involved in the management of Fuyao Technology University, which will be overseen by Wang Shuguo [5][7]. Group 3: Company Performance - Fuyao Glass reported a revenue of 33.302 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 17.62% [7]. - The net profit for the same period was 7.064 billion yuan, showing a year-on-year growth of 28.93% [7]. - As of October 16, 2025, Fuyao Glass's stock price increased by 0.47%, closing at 66.88 yuan per share, with a market capitalization exceeding 170 billion yuan [7].

来源：中国基金报 "玻璃大王"曹德旺提前辞职！他的本届董事长任期原本要到2027年1月才到期。 10月16日，福耀玻璃公告称，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。 【导读】曹德旺辞去董事长职务，选举曹晖为新董事长 中国基金报记者 若文 曹德旺表示，目前身体没有问题，想开启退休生活，"不会把精力放在（福耀科技）大学上面，大学由 王树国接手去管了。" 公开信息显示，曹德旺直接及间接持有福耀玻璃15.66%股份，为公司的实控人和最终控制人。曹德旺 自1999年8月起任福耀玻璃董事局执行董事兼董事长，亦为公司主要创办人、经营者和投资人之一。 曹晖自1998年8月起任公司董事，自2015年8月起任公司副董事长，2006年9月至2015年7月任公司总经 理。曹德旺是福耀玻璃此次选举的新任董事长曹晖的父亲及公司董事兼总经理叶舒的岳父。 同日，福耀玻璃发布三季度业绩报，2025年前三季度公司实现营收333.02亿元，同比增长17.62%；净利 润为70.64亿元，同比增长28.93%。 截至10月16日收盘，福耀玻璃 ...

证券日报网讯 10月16日晚间，福耀玻璃发布2025年第三季度报告称，2025年第三季度公司实现营业收 入11，854，516，214元，同比增长18.86%；归属于上市公司股东的净利润为2，259，142，444元，同 比增长14.09%。 （文章来源：证券日报） ...

Core Viewpoint - The announcement of Cao Dewang stepping down as chairman of Fuyao Glass marks a significant transition in the company, with his son, Cao Hui, taking over the role while Cao Dewang remains involved as an honorary chairman and board member [1][2]. Company Transition - Cao Dewang, at 79 years old, has been preparing for a leadership transition for over three years, indicating a strategic move towards optimizing corporate governance and sustainable development [1][3]. - Cao Hui, born in 1970 and a graduate of the University of Baker, has extensive experience within Fuyao Glass, having worked in various roles since 1994, including general manager of Fuyao North America [1][2]. Company Performance - Fuyao Glass holds a remarkable 68% market share in the Chinese automotive glass industry, reflecting its dominance [3]. - In the first half of the year, Fuyao Glass reported revenue of 21.447 billion yuan, a year-on-year increase of 16.94%, and a net profit of 4.805 billion yuan, up 37.33% [3]. - For the third quarter of 2025, the company reported revenue of 33.3 billion yuan, a 17.6% increase year-on-year, and a net profit of 7.06 billion yuan, up 28.9% [3]. Strategic Focus - Fuyao Glass has historically faced challenges, including a crisis in the early 1990s due to diversification into non-core businesses, which led to a strategic refocus on automotive glass [5]. - The company has established a global presence, with factories in 11 countries, and has been proactive in expanding its production capacity, including a recent $400 million investment in the U.S. [5][8]. Future Plans - Fuyao Glass is set to open two new factories in Anhui and Fujian in 2024, with a total investment of nearly 9 billion yuan, aimed at catering to both domestic and export markets [8]. - The company continues to expand its U.S. operations to ensure raw material supply and reduce production costs [8]. Educational Initiatives - In addition to his corporate role, Cao Dewang has initiated the establishment of Fuyao University, focusing on addressing skills gaps in Chinese students and fostering future entrepreneurs and scientists [9][11]. - The university aims to enhance communication, teamwork, practical skills, and innovation among students, reflecting Cao Dewang's vision for contributing to societal development [10][11].