独立董事 2024 年度述职报告 福耀玻璃工业集团股份有限公司 独立董事 2024 年度述职报告 作为福耀玻璃工业集团股份有限公司（以下简称"公司"、"本公司"）的 独立董事，2024年度，本人严格按照《中华人民共和国公司法》（以下简称"《公 司法》"）、中国证券监督管理委员会（以下简称"中国证监会"）发布的《上 市公司治理准则》《上市公司独立董事管理办法》、上海证券交易所（以下简称 "上交所"）发布的《上海证券交易所股票上市规则（2024年4月修订）》（以下 简称"《上交所股票上市规则》"）、《上海证券交易所上市公司自律监管指引第1 号——规范运作（2023年12月修订）》（以下简称"《规范运作》"）、香港联合交 易所有限公司（以下简称"香港联交所"）发布的《香港联合交易所有限公司证 券上市规则》（以下简称"《香港联交所上市规则》"）等相关法律、法规、规范性 文件和《福耀玻璃工业集团股份有限公司章程》（以下简称"《公司章程》"）、 《福耀玻璃工业集团股份有限公司独立董事制度》《福耀玻璃工业集团股份有限 公司独立董事年度报告工作制度》等要求，本着对全体股东负责的态度，勤勉尽 责，审慎行使公司和股东所赋予的权利 ...

独立董事 2024 年度述职报告 独立董事 2024 年度述职报告 席4次；公司召开2次独立董事专门会议，本人亲自出席2次；公司召开3次股东大 会，本人亲自出席3次。 对于需经上述相关会议审议的各个议案，本人本着勤勉务实和诚信负责的原 则，首先对公司提供的议案材料和有关情况介绍进行认真审核，充分了解与议案 相关的各项情况，提出专业的意见和建议，并在此基础上，独立、客观、审慎地 行使表决权，努力使公司各项决策不损害投资者的合法权益。本人对 2024 年度 召开的上述会议审议的议案全部赞成，未提出反对或弃权的情形。 福耀玻璃工业集团股份有限公司 独立董事 2024 年度述职报告 作为福耀玻璃工业集团股份有限公司（以下简称"公司"、"本公司"）的 独立董事，2024年度，本人严格按照《中华人民共和国公司法》（以下简称"《公 司法》"）、中国证券监督管理委员会（以下简称"中国证监会"）发布的《上 市公司治理准则》《上市公司独立董事管理办法》、上海证券交易所（以下简称 "上交所"）发布的《上海证券交易所股票上市规则（2024年4月修订）》（以下 简称"《上交所股票上市规则》"）、《上海证券交易所上市公司自律监管指引第1 ...

董 事 局 福耀玻璃工业集团股份有限公司 董事局关于独立董事独立性情况的专项意见 二○二五年三月十八日 福耀玻璃工业集团股份有限公司 根据中国证券监督管理委员会发布的《上市公司独立董事管理办法》、上海 证券交易所发布的《上海证券交易所上市公司自律监管指引第 1 号——规范运作 (2023 年 12 月修订)》等有关法律、法规、规章、规范性文件的相关要求，福耀 玻璃工业集团股份有限公司（以下简称"公司"）董事局就公司在任独立董事刘 京先生、薛祖云先生和达正浩先生的独立性情况进行评估并出具如下专项意见： 经核查独立董事刘京先生、薛祖云先生和达正浩先生的任职经历及其签署的 相关自查文件，在报告期内（2024 年度）及自 2025 年 1 月 1 日起至本专项意见 出具日止，上述人员未在公司担任除独立董事以外的其他职务，未在直接或间接 持有公司已发行股份 5%以上的股东或者在公司前五名股东担任任何职务，未在 公司控股股东、实际控制人的附属企业担任任何职务，不存在《上市公司独立董 事管理办法》第六条、《上海证券交易所上市公司自律监管指引第 1 号——规范 运作(2023 年 12 月修订)》第 3.5.4 条规定的不得 ...

独立董事 2024 年度述职报告 福耀玻璃工业集团股份有限公司 独立董事 2024 年度述职报告 作为福耀玻璃工业集团股份有限公司（以下简称"公司"、"本公司"）的 独立董事，2024年度，本人严格按照《中华人民共和国公司法》（以下简称"《公 司法》"）、中国证券监督管理委员会（以下简称"中国证监会"）发布的《上 市公司治理准则》《上市公司独立董事管理办法》、上海证券交易所（以下简称 "上交所"）发布的《上海证券交易所股票上市规则（2024年4月修订）》（以下 简称"《上交所股票上市规则》"）、《上海证券交易所上市公司自律监管指引第1 号——规范运作（2023年12月修订）》（以下简称"《规范运作》"）、香港联合交 易所有限公司（以下简称"香港联交所"）发布的《香港联合交易所有限公司证 券上市规则》（以下简称"《香港联交所上市规则》"）等相关法律、法规、规范性 文件和《福耀玻璃工业集团股份有限公司章程》（以下简称"《公司章程》"）、 《福耀玻璃工业集团股份有限公司独立董事制度》《福耀玻璃工业集团股份有限 公司独立董事年度报告工作制度》等要求，本着对全体股东负责的态度，勤勉尽 责，审慎行使公司和股东所赋予的权利 ...

Investment Rating - The report maintains a "Recommend" rating for Fuyao Glass [1] Core Views - Fuyao Glass is expected to continue its growth trajectory in 2025, driven by increasing domestic demand and export sales, rising average selling prices (ASP), and significant profit potential in the U.S. market [4][5][6] - The company is well-positioned to capitalize on opportunities in both the U.S. and European markets, with a focus on expanding production capacity and enhancing market share [5][6][41] Summary by Sections Historical Performance - Fuyao Glass has shown a performance trend with a 11% decline compared to the benchmark index [2] Revenue and Profit Outlook - Revenue is projected to reach 377.47 billion RMB in 2024, 437.59 billion RMB in 2025, and 500.65 billion RMB in 2026, with net profits expected to be 73.86 billion RMB, 86.29 billion RMB, and 99.56 billion RMB respectively [9][4] - The company’s EPS is forecasted to grow from 2.83 RMB in 2024 to 3.81 RMB in 2026 [9] U.S. Market Opportunities - The U.S. automotive market is projected to have a production of 10.66 million vehicles in 2023, with 5.47 million vehicles relying on imports, creating a significant opportunity for Fuyao Glass [5][13] - Fuyao Glass aims to increase its market share in the U.S. to 40% by 2024, benefiting from the return of manufacturing and tariff policies under the Trump administration [5][20] European Market Dynamics - The European automotive market has faced challenges, but Fuyao Glass is positioned to increase its market share, especially if major competitors like Saint-Gobain exit the market [6][33][41] - The report highlights that Fuyao Glass's market share in Europe has already surpassed 30%, driven by supply chain disruptions and increased demand from European automakers [41][43] Production Capacity and Cost Management - Fuyao Glass has invested significantly in expanding its production capacity, with plans to increase output to 48.8 million units by 2026 [7][9] - The company is expected to benefit from declining raw material costs, particularly in soda ash and natural gas, which will enhance profit margins [6][9]

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。 （股份代號：3606） 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 （於中華人民共和國註冊成立的股份有限公司） 董事局會議召開日期 福耀玻璃工業集團股份有限公司（「本公司」）董事局（「董事局」）謹此 宣佈，董事局將於二零二五年三月十八日（星期二）舉行董事局會議，以考 慮及通過（包括其他事項）本公司及其附屬公司截至二零二四年十二月三十 一日止的全年業績及建議派發年度股息（如有）。 中國福建省福州市 2025年3月4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。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 福耀玻璃工業集團股份有限公司 呈交日期: 2025年3月4日 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03606 | 說明 | H股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 606,757,200 | | 0 | | 606,757,200 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 606,757,200 | | 0 | | 606,757,200 | | 2. 股份分類 | 普通股 | 股份類 ...

Investment Rating - The investment rating for the company is "Buy (Maintain)" [1] Core Insights - The report emphasizes that the market's concerns regarding the company's automotive glass pricing are unfounded, as the acceleration of smart driving technology will drive further upgrades in glass products, particularly in the context of intelligent cockpit enhancements [5][6] - The company is expected to benefit from the increasing penetration of smart features in vehicles, which will enhance the complexity and value of automotive glass products [5][6] - The forecast for the company's net profit is adjusted upwards, with expected figures of 77.8 billion, 92.2 billion, and 108.1 billion for the years 2024 to 2026, respectively [3] Summary by Sections 1. Electrification Phase: Upgrades in the "Light" Domain - The report highlights the cost advantages and aesthetic appeal of panoramic glass roofs compared to traditional sunroofs, with a significant increase in penetration rates in new energy vehicles [6][7] - The average cost of a panoramic glass roof is estimated to be between 1500 to 2000 yuan, which is 33% to 167% lower than traditional sunroofs [6] 2. Intelligentization Phase: Enhancements in Human-Machine Interaction - The report discusses the rise of HUD (Head-Up Display) technology, which is expected to increase the value of front windshields as they serve as information display mediums [17][30] - The penetration rate of HUD systems has risen from 4% in 2020 to 15.3% by November 2024, indicating a growing trend in the automotive industry [30] - The integration of antennas into automotive glass is highlighted as a significant trend, with the company developing solutions for 5G antenna integration [37][41] 3. Potential for ASP (Average Selling Price) Increase - The report suggests that the ASP for automotive glass is expected to rise due to the increasing complexity and functionality of products driven by smart technology [5][6] - The company is positioned to benefit from the ongoing trends in electrification and intelligentization, which are anticipated to enhance product value and market demand [5][6] 4. Investment Recommendations - The report maintains a "Buy" rating based on the expected growth in net profit and the company's strategic positioning in the automotive glass market [3][5] - The anticipated launch of new models by leading automotive manufacturers is expected to further drive demand for the company's innovative glass products [5][6]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 福耀玻璃工業集團股份有限公司 呈交日期: 2025年2月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03606 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 606,757,200 | RMB | | 1 RMB | | 606,757,200 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 606,757,200 | RMB | | 1 RMB | | 606,757,200 | | 2. 股份分類 | 普通股 | 股份類別 | A ...

Summary of Conference Call Notes Industry Overview - The automotive sector is currently at a low point but presents opportunities for growth and defensive investments, particularly in commercial vehicles and quality passenger cars [1] - The call highlighted the importance of policy expectations, operational cycles, and technological effects in the automotive industry, suggesting a potential upward price movement post-Chinese New Year [1] Key Companies Discussed Fuyao Glass - Fuyao Glass has seen its market share in Europe increase from approximately 10% to 20% over the past decade, driven by pandemic-related demand and production capacity expansion [5][6] - The company is expected to achieve a market share of around 24% in Europe by 2024, with a potential increase in market share by 20% to 30% over the next 3 to 5 years [6][7] - Fuyao's production capacity in the U.S. is anticipated to benefit from local manufacturing growth, with a projected capacity of 55 million units by the end of 2025 [10] - The company maintains a strong dividend policy, distributing over 60% of profits as dividends historically [11] Other Companies Mentioned - Yutong Bus and BYD were also mentioned as key players in the automotive sector, with updates on their performance and market positioning expected in future reports [1] Financial Performance and Projections - Fuyao Glass is projected to release significant profits, with estimates suggesting a profit margin increase from 17% to around 30% [4] - The company is expected to achieve a market capitalization target of $1.94 billion by 2025, indicating a potential 25% upside from current levels [11] - The anticipated wholesale growth rate for the domestic market is 4.5%, with exports expected to grow by 15% [2] Market Dynamics - The U.S. automotive market is heavily reliant on imports, with approximately 5.5 million vehicles imported annually, primarily from Mexico and Japan [8] - The potential impact of tariffs on imports is a concern, particularly for competitors with manufacturing bases in Mexico [9] - The call emphasized the importance of local production capabilities in mitigating tariff impacts and enhancing competitive positioning in the U.S. market [9] Conclusion - The automotive industry, particularly companies like Fuyao Glass, is poised for growth driven by market share expansion, production capacity increases, and favorable economic conditions in both domestic and international markets [1][10]