Ge Long Hui A P P·2025-08-25 05:53Core Viewpoint - Fuyao Glass achieved a net profit attributable to shareholders of 4.805 billion yuan in the first half of the year, representing a year-on-year increase of 37.33%, indicating strong and stable revenue growth and improved profitability [1] Revenue and Profit Performance - The company's revenue growth is driven by global market share, average selling price (ASP), and increased area per vehicle, showing strong certainty in revenue growth [1] - Profit performance is on an upward trend, although it may be affected by fluctuations in foreign exchange gains and losses, SAM losses, and raw material costs such as soda ash and natural gas [1] Future Growth Potential - With the upcoming release of production capacity from expansion projects in the U.S., the Fuzhou export base, and the Hefei base, the company's market share growth rate is expected to exceed expectations [1] - The firm maintains a positive outlook on the company's upward trend and has reiterated an "overweight" rating [1]