Fuyao: Domestic Auto Glass Market Share Exceeds 65%

2023-01-17 15:55:18

Fuyao Group has become the largest professional supplier of automotive glass in the world.

Digital Building Materials DataBM. Com reported on January 17 that Fuyao Glass responded to investors on the interactive platform today that, according to the company's internal data, the company's market share in the global automotive glass industry in 2021 was nearly 31%, and its market share in China was over 65%.

It is reported that Fuyao Glass Fuyao's revenue in the third quarter of 2022 was 7.536 billion, up 34.34% year-on-year, and its net profit was 1.519 billion, up 83.77% year-on-year. Basic earnings per share was 0.58 yuan, up 81.25% year on year. Diluted earnings per share was 0.58 yuan, up 81.25% year on year. Total revenue in the first three quarters from January to September 2022 was 20.44 billion, up 19.16% year-on-year. The total operating cost was 15.962 billion yuan, an increase of 11.49% over the previous year. Gross margin was 21.9%, up 537 basis points. Among them, sales expenses were 960 million, an increase of 15.62%, management expenses were 1.548 billion, an increase of 10%, and R & D expenses were 890 million, an increase of 23.76%.

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Fuyao Group has become the largest professional supplier of automotive glass in the world.

2023-01-17 15:55:18

With the continuous outbreak of phosphoric acid demand, the total amount of imported sulfur can not match the increment, the acid-making project is strictly controlled by the policy of the chemical industry park, and the high boom cycle of sulfuric acid is expected to maintain a long-term industry pattern of 7-10 years, the head phosphorus chemical enterprises have a batch layout of 800000 tons of sulfuric acid + 1 million tons of clinker super-large single-line co-production plant, and the total amount of imported sulfur can not be matched. It is the core starting point to fill the gap of at least 10 million tons of circulating sulfuric acid in China every year and to fully enjoy the dividend of this round of long-term prosperity. It will reconstruct the competition pattern of industry cost and supply, and become the standard core supporting process to support the long-term sustainable expansion of phosphoric acid and lithium iron phosphate industry.