深耕汽车玻璃近四十载，全球化布局成就行业龙头福耀玻璃是全球领先的汽车玻璃解决方案供应商，主 营业务涵盖汽车级浮法玻璃、汽车玻璃、机车玻璃及铝饰件等产品的研发、生产和销售。截至2022 年 末，公司全球市占率超34%，产品销往全球70 个国家，配套客户包括全球前二十大汽车生产商以及中 国前十大乘用车生产商。 量增：国内外市场扩张与全球化产能支撑规模增长截至2022 年末，公司全球市占率约34%，中国市场 占有率约68%，公司目前已是全球规模最大的汽车玻璃专业供应商。深度配套新能源车企，受益国内新 能源汽车产销增长，在国内汽车玻璃市场持续巩固领先地位，为销量增长提供核心支撑。公司加速全球 化产能布局，在美国市场采用"中国出口+美国本土供应"的双轨产能供应模式，且以美国本土供应为 主，美国本土产能持续升级强化供应能力；欧洲市场采用"国内生产+欧洲本地化增值加工"的双端联动 模式，通过强化国内生产端的供应能力与欧洲加工端的服务能力，进一步深化在欧洲市场的布局。 价增：行业智能化升级驱动产品价值跃升 汽车电动化、智能化的发展,有利于更多技术集成于汽车玻璃上，福耀通过HUD、镀膜隔热玻璃、调光 玻璃、带摄像头的ADAS、 ...

Group 1 - In 2024, companies in the Shanghai Stock Exchange achieved a breakthrough in R&D investment, exceeding 1 trillion yuan, accounting for nearly 40% of national R&D expenditure [1] - The total R&D investment of main board entities in Shanghai reached approximately 920 billion yuan, maintaining a growth trend for several consecutive years, with a doubling of investment over five years [1] - 723 companies invested over 100 million yuan in R&D, and 831 companies saw their R&D investment continue to grow, indicating a strong commitment to innovation [1] Group 2 - In the chemical sector, companies are transitioning from traditional chemicals to new materials like electronic chemicals and fine chemicals, driving industry chain upgrades [2] - In the power sector, the construction of new power systems is fostering innovation across the generation, transmission, and distribution chain, exemplified by Guodian NARI's new relay protection principles [2] - In the shipbuilding sector, companies are achieving full-spectrum development, with over 80% of China Shipbuilding's products being high-end vessels, and a global market share of over 20% for large LNG carriers [2] Group 3 - In the field of embodied intelligence, Top Group focuses on self-developed robotic actuators and is actively laying out a platform for robotic body structure components and sensors [3] - In the 6G sector, China Mobile leads the "Intelligent Simplified Internal Network" verification platform, while China Unicom and China Telecom are advancing their respective technologies [3] - Private enterprises are driving innovation across various dimensions, with Fuyao Glass launching the world's first car-mounted 5G communication "antenna glass," addressing challenges in smart vehicle antenna layouts [3]