Trade Fuyao Glass Industry Group Co. Ltd. - 3606 CFD

About Fuyao Glass Industry Group Co Ltd

FUYAO GLASS INDUSTRY GROUP CO., LTD. is a China-based company, principally engaged in the manufacture and distribution of float glasses and automobile glasses. The Company's products portfolio consist of automobile glasses, such as coating glasses and others, which are applied in passenger cars, buses, limousines and others, and float glasses. The Company distributes its products within domestic markets and to overseas markets.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Fuyao Glass Industry Group Co Ltd revenues increased 19% to RMB23.6B. Net income increased 21% to RMB3.15B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Selling expenses decrease of 22% to RMB1.15B (expense), G/L on Sale of Tangible & Intangible FA decrease from RMB79.5M (expense) to RMB103M (income).