Changes in Hong Kong stocks | Fuyao Glass (03606) fell by more than 5%, management transitioned ahead of schedule, and the company's Q3 net profit to mother increased 14.09% year-on-year

The Zhitong Finance App learned that Fuyao Glass (03606) fell by more than 5%. As of press release, it was down 5.03% to HK$68, with a turnover of HK$43,294,600.

According to the news, on October 16, Fuyao Glass announced that Cao Dewang, the chairman of the company, resigned as chairman due to the need to promote strategic optimization and sustainable development of the company's governance structure, but will continue to serve as a director, chairman and legal representative of the company's directors and some subsidiaries. At the same time, the company elected Cao Hui as the new chairman and appointed him as the legal representative and director of the Board's Strategic Development Committee. Cao Dewang was appointed as the company's lifetime honorary chairman.

On the same day, Fuyao Glass announced its results for the third quarter of 2025, with operating revenue of about 11.855 billion yuan, up 18.86% year on year; net profit attributable to shareholders of listed companies was about 2,259 billion yuan, up 14.09% year on year. Huatai Securities believes that the company continued to grow rapidly in the third quarter, and that the chairman achieved a smooth handover ahead of schedule, which is expected to push Fuyao into a new stage of development; the company's new round of capital expenditure projects will soon be put into operation, which is expected to support the sustainable growth of the company's performance and increase in the level of dividends.