Changes in Hong Kong stocks | Fuyao Glass (03606) rose by more than 5% after performance in the first half of the year, excluding exchange rates, actual profit increased 4.78%

The Zhitong Finance App learned that Fuyao Glass (03606) rose more than 5% after the results. As of press release, it had risen 4.32% to HK$59.2, with a turnover of HK$156 million.

According to the news, Fuyao Glass announced its results. Revenue for the first half of the year was 21,971 billion yuan, up 2.44% year on year; net profit attributable to shareholders of listed companies was 3.97 billion yuan, down 17.37% year on year. The company clearly stated that the exchange loss for the current period was about 803 million yuan, while the exchange revenue for the same period last year was about 602 million yuan. Together, the two formed a negative profit fluctuation of about 1.4 billion yuan. Excluding the above exchange factors, total profit for the reporting period actually increased 4.78% year over year.

Huatai Securities released a research report stating that the company's main business operations are still steady. As the global automotive industry becomes more intelligent and electrified, the company's high value-added product penetration rate and ASP are expected to continue to increase; at the same time, with the optimization of the overseas competitive pattern, the company's global layout advantages are highlighted, and the market share is expected to increase steadily.