Core Viewpoint - Fuyao Glass Industry Group Co., Ltd. announced the resignation of its chairman, Cao Dewang, to optimize the company's governance structure and promote sustainable development, while he will continue to serve as a director and hold other positions within the company [1][5]. Group 1: Leadership Changes - Cao Dewang submitted his resignation as chairman effective October 16, 2023, but will remain a director and continue to serve in various roles within the company [1][5]. - Cao Hui has been elected as the new chairman and legal representative of the company, effective immediately, while also serving as the head of the Strategic Development Committee [5]. - The transition of responsibilities between Cao Dewang and Cao Hui will be managed according to company procedures, ensuring no adverse impact on normal operations [5]. Group 2: Company Background - Fuyao Glass was founded in 1987 by Cao Dewang and has grown from a small joint venture to a global leader in the automotive glass industry, currently holding nearly 34% of the global market share [7]. - The company has expanded internationally, establishing production and sales bases in 12 countries, including the United States, Russia, Germany, Japan, and South Korea [7]. - Fuyao Glass employs approximately 37,000 people and supplies products to renowned automotive brands such as Bentley, Rolls-Royce, Mercedes-Benz, BMW, Audi, Volkswagen, General Motors, Ford, Chrysler, Toyota, and Honda [7].

Core Viewpoint - Fuyao Glass (600660.SH) announced a leadership change with Chairman Cao Dewang resigning to optimize the company's governance structure and sustainable development, while his son, Cao Hui, has been elected as the new chairman. Cao Dewang will continue as a lifetime honorary chairman, and the changes will not adversely affect the company's operations [1][3]. Group 1: Leadership Transition - Cao Dewang, the founder and leader of Fuyao Glass, has made significant contributions to the company, transforming it into a global leader in the automotive glass industry. He will now serve as the lifetime honorary chairman and continue to contribute to the company's strategic planning and long-term development [3]. - Cao Hui has been elected as the new chairman and will also serve as the legal representative and head of the board's strategic development committee. His term will last until the current board's term ends [3]. Group 2: Market Reaction - On October 16, Fuyao Glass's stock rose by 0.47%, closing at a market capitalization of 117.36 billion with a price-to-earnings ratio of 19.8 [6].

格隆汇10月16日丨福耀玻璃(600660.SH)公布，公司2025年第三季度实现营业收入118.55亿元，同比增长 18.86%；实现归属于上市公司股东的净利润22.59亿元，同比增长14.09%。前三季度公司实现营业收入 333.02亿元，同比增长17.62%；实现归属于上市公司股东的净利润70.64亿元，同比增长28.93%。本报 告期收入增长较快，提质增效，同时汇兑收益同比增加所致。 ...

智通财经APP讯，福耀玻璃(600660.SH)发布2025年三季度报告，前三季度，公司实现营业收入333.02亿 元，同比增长17.62%。归属于上市公司股东的净利润70.64亿元，同比增长28.93%。归属于上市公司股 东的扣除非经常性损益的净利润69.22亿元，同比增长24.70%。 ...

Core Viewpoint - Fuyao Glass announced the resignation of Chairman Cao Dewang, who will continue to serve as a director and hold positions in some subsidiaries. Cao Hui has been elected as the new Chairman of the Board [2] Group 1 - Cao Dewang submitted his resignation as Chairman, effective immediately upon receipt of the written report, and he will also resign from his roles as legal representative and Chairman of the Strategic Development Committee [2] - Cao Dewang has been appointed as the company's lifetime honorary chairman [2] - Cao Hui has been elected as the Chairman of the 11th Board of Directors and will also serve as the legal representative and Chairman of the Strategic Development Committee [2]

Core Viewpoint - Fuyao Glass announced the resignation of its chairman, Cao Dewang, to optimize the company's governance structure and promote sustainable development, while he will continue to serve as a director and hold other positions within the company [1][3]. Group 1: Leadership Changes - Cao Dewang submitted his resignation as chairman but will remain a director and continue to serve in various roles within subsidiary companies [1][3]. - The board meeting approved the appointment of Cao Hui as the new chairman and legal representative of the company, effective immediately [3]. - The transition of responsibilities between Cao Dewang and Cao Hui will be managed according to company procedures, ensuring no adverse impact on normal operations [3]. Group 2: Company Performance - As of the close on October 16, Fuyao Glass shares increased by 0.47%, reaching 66.88 CNY per share, with a market capitalization exceeding 170 billion CNY [3][5]. - The company's price-to-earnings ratio (TTM) stands at 19.83, indicating its valuation in the market [5].

每经编辑｜黄胜 10月16日，福耀玻璃（600660.SH）公告称，公司董事长曹德旺因推动公司治理结构战略性优化与可持续发展的需要，辞去董事长职务，但将继续担任公司 董事及部分子公司的董事、董事长和法定代表人职务。同时，公司选举曹晖为新任董事长，并任命其为法定代表人及董事局战略发展委员会主任。曹德旺被 委任为公司终身荣誉董事长。此次职务变动不会对公司正常经营活动产生不利影响。 值得注意的是，根据公告，曹德旺原定任期到期日为2027年1月15日，此次属于提前辞职。 | 姓名 | 离任职务 | 离任时间 | 原定任期 到期日 | 离任) | | --- | --- | --- | --- | --- | | 曹德旺 | 董事长 | | | 推动公i | | | | 2025 年 10 | 2027 年 1 | 结构战l | | | | 月 16 日 | 月 15 日 | 化与可 | | | | | | 展的需要 | | 曹晖 | 副董事长 | | | 经董事) | | | | 2025 年 10 | 2027 年 1 | 为公司 | | | | 月 16 日 | 月 15 日 | 长,故 | | | | | | ...

Core Viewpoint - Fuyao Glass reported strong financial performance in Q3 2023, with significant year-on-year growth in both revenue and net profit, indicating effective operational improvements and increased foreign exchange gains [1] Financial Performance - Q3 2023 revenue reached 11.855 billion yuan, representing an 18.86% increase year-on-year [1] - Revenue for the first three quarters of 2023 totaled 33.302 billion yuan, showing a 17.62% year-on-year growth [1] - Net profit attributable to shareholders in Q3 2023 was 2.259 billion yuan, up 14.09% compared to the same period last year [1] - For the first three quarters of 2023, net profit amounted to 7.064 billion yuan, reflecting a substantial 28.93% year-on-year increase [1] - Basic earnings per share stood at 0.87 yuan per share [1] Operational Factors - The increase in revenue is attributed to rapid income growth, quality enhancement, and improved efficiency during the reporting period [1] - The company also experienced a year-on-year increase in foreign exchange gains, contributing to overall financial performance [1]

10月16日，福耀玻璃公告，公司董事长曹德旺因推动公司治理结构战略性优化与可持续发展的需要，辞 去董事长职务，但将继续担任公司董事及部分子公司的董事、董事长和法定代表人职务。 同时，公司选举曹晖为新任董事长，并任命其为法定代表人及董事局战略发展委员会主任。曹德旺被委任 为公司终身荣誉董事长。 此次职务变动不会对公司正常经营活动产生不利影响。 | 曹德旺 | 董事长 | 2025 年 10 | 2027 年 1 | 结构战略性优 | 是 | 合 | | --- | --- | --- | --- | --- | --- | --- | | | | 月 16 日 | 月 15 日 | 化与可持续发 | | | | | | | | 展的需要 | | | | 曹晖 | 副董事长 | 2025 年 10 | | 经董事局选举 | 是 | 否 | | | | | 2027 年 1 | 为公司董事 | | | | | | 月 16日 | 月 15日 | 长,故辞去副 | | | | | | | | 董事长职务 | | | (二) 离任对公司的影响 曹德旺先生作为公司的创始人和掌舵者,自公司创立以来,始终以非凡的战 略远见和 ...

Core Viewpoint - Fuyao Glass announced a significant leadership change with the resignation of its founder and chairman, Cao Dewang, who will continue to serve as a director and in other roles within the company [1][3]. Group 1: Leadership Transition - On October 16, Fuyao Glass announced that Cao Dewang submitted his resignation as chairman to optimize the company's governance structure and ensure sustainable development [1]. - Following his resignation, Cao Dewang will retain his position as a director and will continue to serve as a director and chairman of several subsidiaries [1][3]. - The company's board has appointed Cao Hui as the new chairman and legal representative, effective immediately, while Cao Dewang will hold the title of honorary chairman for life [3]. Group 2: Company Performance - As of the close on October 16, Fuyao Glass's stock rose by 0.47%, reaching a price of 66.88 yuan per share, with a market capitalization exceeding 170 billion yuan [3].