Movement Alert|FUYAO GLASS Rises 3.61% in Regular Trading, Interim Profit Growth Ex-FX and High Dividend Boost Sentiment

Market Focus
Aug 19

On August 19, FUYAO GLASS rose 3.61% in regular trading, trading at HK$58.8/share, with turnover of HK$95.40 million.

On the news front, the company released its H1 interim results on August 18. Revenue reached RMB 21.971 billion, up 2.44% YoY, while net profit attributable to shareholders was RMB 3.97 billion, down 17.37% YoY. The profit decline was primarily driven by forex losses of RMB 803 million in the current period versus forex gains of RMB 602 million in the prior year. Excluding this factor, total profit grew 4.78% YoY. Notably, Q2 standalone net profit reached RMB 2.259 billion, up 31% QoQ, signaling clear operational improvement. The company simultaneously announced an interim cash dividend of RMB 1.00 per share, totaling approximately RMB 2.61 billion, representing a 65.73% payout ratio. The combination of solid underlying profit growth and a generous dividend distribution attracted buying interest, driving the stock higher against a broadly weaker Auto Parts and Equipment sector.

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