Understanding the Market | FUYAO GLASS fell over 5% as management transitions ahead of schedule; the company's Q3 net profit attributable to shareholders increased by 14.09% year-on-year

FYG fell over 5%, as of the time of writing, down 5.03% to HKD 68, with a trading volume of HKD 43.2946 million. In terms of news, on October 16, FYG announced that the company's chairman, Cao Dewang, resigned from his position as chairman to promote the strategic optimization of the company's governance structure and sustainable development, but he will continue to serve as a director of the company and as a director, chairman, and legal representative of some subsidiaries. At the same time, the company elected Cao Hui as the new chairman and appointed him as the legal representative and chairman of the board's strategic development committee. Cao Dewang was appointed as the company's lifetime honorary chairman. On the same day, FYG announced its third-quarter performance for 2025, with operating revenue of approximately RMB 11.855 billion, a year-on-year increase of 18.86%; net profit attributable to shareholders of the listed company was approximately RMB 2.259 billion, a year-on-year increase of 14.09%. Huatai Securities believes that the company continued to maintain rapid growth in the third quarter, and the smooth handover of the chairman ahead of schedule is expected to drive FYG into a new stage of development; the company's new round of capital expenditure projects is about to be put into production, which is expected to support the sustainable growth of the company's performance and an increase in dividend levels