"Glass King" Cao Dewang's Fuyao Glass recently issued a 2022 annual performance forecast. Compared with the market's wailing pre-reduction, Fuyao Glass is profitable against the market, and its 2022 annual performance may reach 5 billion RMB.
According to the latest performance forecast, Fuyao Glass's net profit attributable to shareholders of listed companies in 2022 is 4.719 billion to 5.034 billion yuan, which is expected to increase by 1.573 billion to 1.888 billion yuan compared with the same period last year, an increase of 50% to 60%. It is estimated that the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses will be 4.608 billion to 4.923 billion in 2022, an increase of 1.792 billion to 2.107 billion compared with the same period last year, an increase of 64% to 75%.
For the unexpected profitability in 2022, Fuyao Glass said that the company gave full play to the advantages of the global production base layout, and built a global comprehensive competitive advantage with cost-effective products, stable quality assurance and all-weather supply capacity. The Company will adhere to technological and management innovation, grasp the new four trends of the automotive industry, fully apply cross-border technology on glass carriers, provide customers with comprehensive solutions, and build a moat for the continuous growth of the Company's business with intellectual property rights and supply ecosystem.
Recommended Reading: Fuyao Glass Earns 40 Billion yuan