The weak of auto industry in the first half year have brought great influence on related industries. FuYao Glass, which is the leading enterprise in domestic auto glass industry announced interim report, the operation revenue in first half year was 4.657 billion yuan, increased 19.79% compared over the same period last year. The net profit was 800 million yuan, dropped by 8.74%, earning of per share was 0.4 yuan.
The revenue of the company’s main products auto glass increased by 21.83% compared with same time last year, the overseas auto glass revenue was 1.444 billion yuan, increased by 44.60%, its market share continued to improve. Besides, Chongqing Float Glass had produced high quality float glass, which reduced the company’s cost and improved domestic supply ability. And it is the rising of price of materials and fuel that made net profit dropped. The company announced that they will further strengthen the sales of international market, and improve domestic management of maintenance channels to promote sales and improve market share. At the same time, the company will continue to develop its potential, saving energy and reducing consumption, using replacement material and other measures to relieve the pressure of price rising on materials and fuel.
