Net profit fell 35.9% year-on-year! Fuyao Glass still made a net profit of 960 million yuan in half a year
recently, Fuyao Glass (600660) released its 2020 semi annual report. Data show that in the first half of 2020, Fuyao Glass achieved an operating revenue of 8.22 billion yuan, a year-on-year decrease of 21.06%; The net profit attributable to the shareholders of the listed company was 960 million yuan, and the force measurement indicator was adjusted to "zero" to slide 35.97% year-on-year
it is worth noting that the gross profit margin of Fuyao Glass in the first half of this year was 35.74%, a decrease of 1.79 percentage points over the same period last year. Among them, the gross profit margin of Fuyao Glass automobile glass in the first half of the year was 32.58%, a decrease of 1.90 percentage points over the same period of the previous year. For the reduction of gross profit margin, the following has been used: Fuyao Glass explained: "mainly due to the impact of the epidemic, the automotive industry continued to grow negatively, resulting in a decline in the sales revenue of automotive glass, and an increase in the proportion of depreciation and amortization in revenue."
public information shows that Fuyao Glass was founded in 1987, headquartered in Fuzhou, Fujian, and its main business is automotive glass and float glass. At present, Fuyao Glass has grown into a world-wide glass giant with more than 90 kinds of analytical instruments being used in the world. According to the latest data, Fuyao Automotive glass has a domestic market share of 62% and a global market share of about 23%, second only to Japan's Asahi. Although this enterprise is still the second in the world, Cao Dewang once said that Fuyao Glass will sooner or later be the first in the world