FYG,FUYAO GLASS(SH:600660) Zheng Quan Shi Bao Wang·2025-10-23 10:56Core Viewpoint - The recent leadership transition at Fuyao Glass, with Cao Hui taking over as chairman, is seen as a strategic move to enhance the company's governance and sustainable development, while maintaining its commitment to producing high-quality automotive glass for the global market [2][3]. Group 1: Leadership Transition - Cao Hui officially assumed the role of chairman of Fuyao Glass on October 16, 2023, succeeding his father, Cao Dewang, who remains on the board as a director [2]. - The leadership change is viewed positively by institutions, with Huatai Securities noting that Fuyao has become a global leader in automotive glass under the previous chairman's guidance [3][4]. Group 2: Strategic Collaboration - During a recent meeting between Fuyao Group and BAIC Group, both parties discussed collaboration paths in response to the automotive industry's transformation trends [4]. - A strategic cooperation agreement was signed between BAIC's subsidiary, Hainachuan, and Fuyao Group, focusing on material supply, technology collaboration, and supply chain integration to enhance competitiveness [4]. Group 3: Market Reaction - Following Cao Hui's appointment, Fuyao Glass's stock price initially dropped by approximately 5%, but rebounded with over 3% gains on the following days, recovering all losses [4].