方正证券：予福耀玻璃“推荐”评级，国内成长稳健可控，欧美价量齐升持续

Core Viewpoint - Fuyao Glass is expected to maintain stable domestic growth and experience price and volume increases in Europe and the United States, driven by the trend of electric intelligence and product upgrades [1] Group 1: Company Performance - The company is projected to achieve a product price increase of 6-7% by 2026, despite potential disruptions in downstream demand [1] - Fuyao Glass is anticipated to maintain robust profitability, indicating strong operational resilience [1] Group 2: Market Outlook - The global growth logic for the company continues, and valuation adjustments have been sufficient, highlighting the investment value of leading companies in overseas markets [1] - The company has a high dividend payout attribute, with an average dividend rate of nearly 60% since its listing, currently corresponding to a dividend yield of 4.35% based on the PE ratio [1] Group 3: Investment Recommendation - A "recommended" rating is given, emphasizing the stable investment value of leading companies in overseas markets [1]