Fuyao Glass: The net profit in the first half of 2023 was about 2.836 billion yuan, an increase of 19.07% over the same period last year.

17, Fuyao Glass disclosed its semi-annual report for 2023. In the first half of the year, it achieved a revenue of 15.031 billion yuan, an increase of 16.49% over the previous year, and a net profit of 2.836 billion yuan, an increase of 19.07% over the previous year.

In terms of products, during the reporting period, the Company's revenue from automobile glass was RMB13.368 billion, representing a year-on-year increase of 14.22%, and the revenue from float glass was RMB2.569 billion, representing a year-on-year increase of 24.85%. During the

reporting period, the company accelerated the research and development of new products, new technologies and new materials, vigorously developed high value-added products with independent intellectual property rights, such as intelligent panoramic skylight glass, dimmable glass, head-up display glass, ultra-isolated glass, lightweight ultra-thin glass, coated heatable glass, chemical toughened glass and other high value-added products. The proportion increased by 10.08 percentage points compared with the same period last year.

Regarding the outlook for the second half of the year, Fuyao Glass said that in the second half of 2023, global economic risks and uncertainties still exist, and the global economy is under great downward pressure. The company will closely focus on the group's business strategy and carry out the following main tasks:

1. Improve the global security and service system, increase market expansion efforts, constantly expand new markets and new customers, and help Fuyao to a new level.

2. Strengthen quality management, improve the quality management system of the whole staff, the whole process and the whole value chain, and strictly manage and control the new product development, process control, service quality, supplier quality and other links.

3. Continue R & D and innovation, integrate and innovate in the three major areas of automotive glass, intelligent accessories and aluminum parts, and become bigger and stronger.

4. Continue to promote the construction of "digital green factory" to optimize the industrial structure and energy structure of leading industries.

5. Continue to promote intelligent manufacturing, build a powerful production system, realize the standardization and intensification of the supply chain, and establish a flexible and agile production management system to cope with the rapid changes in the market.

6. Further sort out and improve various management systems, continuously optimize business processes, improve management level, and implement production safety.

7. Continue to carry forward the core values of "diligence, simplicity, learning and innovation", cultivate Fuyao's international talent echelon, enhance organizational efficiency and value creation ability, and realize the synchronous development of enterprises and teams.