Movement Alert｜FUYAO GLASS falls 4.25% in Regular Trading, Q3 revenue rose but profit declined on FX losses

Market Focus10-21

On October 21, FUYAO GLASS fell 4.25% in regular trading, with the shares trading at HK$52.15 and turnover at HK$54.14 million.

The move followed the company’s latest third-quarter results, which showed continued revenue growth but weaker profitability, with foreign-exchange losses cited as a drag on earnings.

For the first three quarters, revenue was RMB34.123 billion, up 2.46% year on year, while net profit attributable to shareholders fell 14.97% to RMB6.006 billion. In the third quarter alone, revenue rose 2.51% to RMB12.152 billion, but attributable net profit declined 9.87% to RMB2.036 billion. The company also approved an increase in its foreign-exchange derivatives limit to US$1 billion from US$500 million, underscoring the impact of currency volatility on operations.

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