Core Viewpoint - Fuyao Glass Industry Group Co., Ltd. has announced significant changes in its leadership structure, including the resignation of founder and chairman Cao Dewang, who will continue to serve as honorary chairman, and the election of Cao Hui as the new chairman and legal representative of the company [18][19][24]. Financial Data - The third quarter financial report for 2025 has been released, indicating that the financial statements are unaudited [3][9]. - The report includes key financial data and indicators, although specific figures are not detailed in the provided documents [3][4]. Shareholder Information - As of September 30, 2025, the total number of shareholders is 85,733, comprising 85,688 A-share shareholders and 45 H-share registered shareholders [5]. Corporate Governance Changes - Cao Dewang has submitted his resignation as chairman but will remain a board member and continue to contribute to the company's strategic planning as honorary chairman [18][24]. - Cao Hui has been elected as the new chairman and legal representative, with a term lasting until the end of the current board's tenure [19][25]. Investor Communication - The company will hold an investor performance briefing on October 29, 2025, to discuss the third quarter results and address investor questions [10][11][15]. - Investors can submit questions in advance through the Shanghai Stock Exchange's online platform [13][16]. Related Party Transactions - The company has approved expected daily related party transactions with Ternary Wang Packaging (Fuzhou) Co., Ltd. for the year 2026, which do not require shareholder approval as they do not meet the threshold set by the Shanghai Stock Exchange [47][48]. - The transactions are intended to support the company's normal production and operations, adhering to principles of fairness and transparency [49][50].

曹德旺 从2015年至2024年，福耀玻璃的营业收入从136亿元增长到392亿元，归属于上市公司股东的净利润从26 亿元增长到75亿元。这段业绩持续增长的时期，正是曹晖逐渐担起重任的过程。 当时，曹德旺正全身心投入福耀科技大学的建设中。他立志要将这所学校办成"前所未有的大学"，"要 把它变成世界一流名校"。今年9月，福耀科技大学迎来首届本科生，曹德旺也将重任交给了王树国校 长。 曹德旺是中国最具知名度的企业家之一，他的退休引起市场广泛关注。 回顾2017年，曹德旺在接受上海证券报记者采访时，就曾聊到退休的问题。当时曹德旺表示："我是 想，为国家为人民为自己的员工做更多的事情。眼下，对个人来说，最佳的选择肯定是退休，不仅少操 心，还可以增加自己的寿命。但是，我认为（这样）太可惜了，国家培养一个人，社会培养一个人，把 他培养到现在这个程度上，你突然停下来，太可惜了！" ◎记者 覃秘 10月16日晚，福耀玻璃发布公告称，公司董事长曹德旺向公司提交了辞去董事长职务的报告。公司同时 宣布，董事会已选举曹晖为公司董事长。这位中国知名企业家终于正式"交班"。 这一交接平稳有序，早在预料之中。 曹德旺曾多次公开表态，曹晖是未 ...

Core Viewpoint - Fuyao Glass has reported record high performance for the third quarter, coinciding with a leadership transition as founder Cao Dewang steps down as chairman but remains involved in the company [2][4]. Group 1: Leadership Transition - Cao Dewang has resigned as chairman to focus on strategic optimization and sustainable development, while continuing as a board member and holding various leadership roles in subsidiaries [2][3]. - Cao Hui, son of Cao Dewang, has been elected as the new chairman and appointed as the legal representative of the company [2][3]. - Cao Dewang has been named the lifetime honorary chairman, continuing to contribute to the company's strategic planning and long-term development [2][3]. Group 2: Financial Performance - For the first nine months of the year, Fuyao Glass achieved revenue of 33.302 billion yuan, a year-on-year increase of 17.62%, and a net profit attributable to shareholders of 7.064 billion yuan, up 28.93% [4]. - In the third quarter alone, the company reported revenue of 11.855 billion yuan, a growth of 18.86%, and a net profit of 2.259 billion yuan, increasing by 14.09% [4]. - The growth in net profit is attributed to rapid revenue growth, quality improvement, and increased foreign exchange gains [4]. Group 3: Shareholder Changes - As of the end of the third quarter, there were notable changes in the shareholder structure, with Hong Kong Central Clearing Limited significantly increasing its holdings by 24.5111 million shares, moving to the second position among shareholders [4]. - Individual investors Bai Yongli and Li Haiqing also increased their stakes in the third quarter, with estimated investments exceeding 100 million yuan each [4].

Core Viewpoint - Fuyao Glass has announced a leadership transition with founder Cao Dewang resigning as chairman but remaining involved in the company, while Cao Hui has been elected as the new chairman. This change is aimed at optimizing the company's governance structure and ensuring sustainable development [2][3]. Group 1: Leadership Transition - Cao Dewang will continue to serve as a director and hold various positions in subsidiaries, while being appointed as the lifetime honorary chairman of Fuyao Glass [2]. - Cao Hui, the new chairman, has been with the company since 1998 and has held various roles, including vice chairman and general manager [3]. - The board of directors has recognized Cao Dewang's significant contributions to the company's growth and strategic vision since its inception [2][3]. Group 2: Financial Performance - For the first nine months of the year, Fuyao Glass reported revenue of 33.302 billion yuan, a year-on-year increase of 17.62%, and a net profit attributable to shareholders of 7.064 billion yuan, up 28.93% [4]. - In the third quarter alone, the company achieved revenue of 11.855 billion yuan, reflecting an 18.86% increase, and a net profit of 2.259 billion yuan, which is a 14.09% rise [4]. - The growth in net profit is attributed to rapid revenue growth, quality improvement, and increased foreign exchange gains [4]. Group 3: Shareholder Changes - Significant changes in the shareholder structure were noted, with Hong Kong Central Clearing Limited increasing its holdings by 24.5111 million shares, becoming the second-largest shareholder [4]. - Individual shareholders Bai Yongli and Li Haiqing also increased their stakes, with estimated investments exceeding 100 million yuan each [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, taking over the role [1][2]. Group 1: Leadership Changes - Cao Dewang has submitted his resignation as Chairman but will continue to serve as a director and hold other positions within the company [1]. - Cao Hui has been elected as the new Chairman and will also serve as the legal representative and head of the strategic development committee [2]. - The transition of responsibilities between Cao Dewang and Cao Hui will be managed according to company procedures, ensuring no adverse impact on normal operations [2]. Group 2: Contributions and Future Roles - Cao Dewang is recognized as the founder and key figure in Fuyao Glass's growth, leading the company to become a global leader in the automotive glass industry [2]. - He has been appointed as the lifetime honorary chairman, continuing to contribute to the company's strategic planning and long-term development [2]. Group 3: Financial Performance - Fuyao Glass has shown steady growth, with revenue reaching 33.3 billion yuan in the first three quarters of 2025, a year-on-year increase of 17.62%, and a net profit of 7.064 billion yuan, up 28.93% [3].

10月16日晚，福耀玻璃发布公告称，公司董事长曹德旺向公司提交了辞去董事长职务的报告。公司同时 宣布，董事会已选举曹晖为公司董事长。这位中国知名企业家终于正式"交班"。 这一交接平稳有序，早在预料之中。 曹德旺曾多次公开表态，曹晖是未来的接班人。他在一次采访中直言不讳："就因为他是我的儿子。"这 份坦率，正是曹德旺一贯的风格。 曹晖并非突然走到台前。自2015年起，他已担任福耀玻璃副董事长。这些年来，他成功地将自己隐藏在 荣誉之后，除了作为全国政协委员履职建言外，几乎从不对外发声。 去年4月底，福耀玻璃年度股东大会上，曹德旺就流露出退休意愿："公司的事，我不管的，他们做得很 好。"这个"他们"，指的就是曹晖和福耀的管理团队。 从2015年至2024年，福耀玻璃的营业收入从136亿元增长到392亿元，归属于上市公司股东的净利润从26 亿元增长到75亿元。这段业绩持续增长的时期，也正是曹晖逐渐担起重任的过程。 当时，曹德旺正全身心投入到福耀科技大学的建设中。他立志将这所学校办成"前所未有的大学"，要把 它变成"世界一流名校"。今年9月，福耀科技大学迎来首届本科生，曹德旺也将重任交给了王树国校 长。 2017年，曹 ...

Core Points - The article discusses the resignation of Cao Dewang, the chairman of Fuyao Glass, and the succession of his son, Cao Hui, as the new chairman, marking a significant leadership transition for the company [1][3][6] Company Overview - Fuyao Glass is the world's largest automotive glass supplier, holding nearly 34% of the global market share, with 61 subsidiaries and approximately 37,000 employees [5][7] - The company has established production and sales bases in 12 countries, including the United States, Russia, Germany, Japan, and South Korea, becoming a large multinational industrial group [5] Leadership Transition - Cao Dewang, aged 79, submitted his resignation earlier than the originally scheduled date of January 2027, stating that it was time for retirement and to allow his son to take over [3][4] - Cao Hui, aged 55, has been groomed for leadership over the past decade, having served as vice chairman since 2015 and holding various positions within the company [6][9] Financial Performance - Fuyao Glass reported a revenue of approximately 333.02 billion yuan for the third quarter of 2025, a year-on-year increase of 17.62%, with a net profit of about 70.64 billion yuan, up 28.93% [6][7] - The company's revenue and net profit have shown consistent growth from 2022 to 2024, with revenues of approximately 281 billion yuan, 331.6 billion yuan, and 392.5 billion yuan, and net profits of about 47.56 billion yuan, 56.29 billion yuan, and 74.98 billion yuan respectively [6] Market Reaction - Following the announcement of Cao Dewang's resignation, Fuyao Glass's stock price increased by 0.47%, closing at 66.88 yuan per share, with a total market capitalization of 1,745 billion yuan [7]

10月16日晚，福耀玻璃发布公告称，公司董事长曹德旺向公司提交了辞去董事长职务的报告。公司同时 宣布，董事会已选举曹晖为公司董事长。这位中国知名企业家终于正式"交班"。 这一交接平稳有序，早在预料之中。 曹德旺曾多次公开表态，曹晖是未来的接班人。他在一次采访中直言不讳："就因为他是我的儿子。"这 份坦率，正是曹德旺一贯的风格。 从2015年至2024年，福耀玻璃的营业收入从136亿元增长到392亿元，归属于上市公司股东的净利润从26 亿元增长到75亿元。这段业绩持续增长的时期，也正是曹晖逐渐担起重任的过程。 当时，曹德旺正全身心投入到福耀科技大学的建设中。他立志将这所学校办成"前所未有的大学"，要把 它变成"世界一流名校"。今年9月，福耀科技大学迎来首届本科生，曹德旺也将重任交给了王树国校 长。 曹德旺是中国最具知名度的企业家之一，他的退休引起市场广泛关注。 2017年，曹德旺在接受上海证券报记者采访时，就曾聊到退休的问题。当时曹德旺表示："我是想，为 国家为人民为自己的员工做更多的事情。眼下，对个人来说，最佳的选择肯定是退休，不仅少操心，还 可以增加自己的寿命。但是，我认为（这样）太可惜了，国家培养一个人， ...

Group 1 - The core point of the news is the resignation of Cao Dewang as the chairman of Fuyao Glass, with his son Cao Hui taking over the position, which is aimed at optimizing the company's governance structure and ensuring sustainable development [1][2] - Cao Dewang, the founder and key figure in Fuyao Glass's growth, will remain involved as a lifetime honorary chairman, ensuring continuity in strategic decision-making [1][2] - The company reported a third-quarter revenue of 11.855 billion yuan, a year-on-year increase of 18.86%, and a net profit attributable to shareholders of 2.259 billion yuan, up 14.09% [2] Group 2 - For the first three quarters of the year, Fuyao Glass achieved a revenue of 33.302 billion yuan, reflecting a year-on-year growth of 17.62%, and a net profit of 7.064 billion yuan, which is a 28.93% increase [2] - The transition in leadership is expected to provide a stable foundation for the company, as the new chairman Cao Hui has been involved in management as the former vice chairman [2] - The automotive industry is undergoing significant transformation towards electrification and intelligence, presenting opportunities for technological upgrades in automotive glass, which Fuyao Glass aims to leverage through its optimized governance structure [2]

Group 1 - The core point of the news is the resignation of Fuyao Glass's founder and chairman, Cao Dewang, and the appointment of his son, Cao Hui, as the new chairman, which aims to optimize the company's governance structure and ensure sustainable development [2][3] - Cao Dewang will continue to serve as the honorary chairman for life and will remain involved in company decision-making, ensuring a smooth transition and continuity in strategic direction [2][3] - The company reported a third-quarter revenue of 11.855 billion yuan, a year-on-year increase of 18.86%, and a net profit attributable to shareholders of 2.259 billion yuan, up 14.09% [3] Group 2 - Fuyao Glass has shown steady growth, with a total revenue of 33.302 billion yuan for the first three quarters of the year, reflecting a year-on-year increase of 17.62%, and a net profit of 7.064 billion yuan, up 28.93% [3] - The automotive industry is undergoing a critical transformation towards electrification and intelligence, presenting opportunities for technological upgrades in automotive glass, which Fuyao Glass aims to leverage through its governance restructuring [4] - The new management's continuity in global expansion and technological research and development will be key to the company's stable growth [4]