The annual net profit of Fuyao Glass will exceed 800million yuan
Fuyao Glass [14.826.85%] (600660) released a performance forecast on the 30th. It is expected that the net profit conversion, change and innovation profit of the company in 2009 will increase by more than 330% compared with 246.05 million yuan in the same period of the previous year. Simply calculated, the annual net profit of the company will exceed 800million yuan The detailed data are based on the 2009 annual speech to be presented by the company to protect the standardized, orderly and healthy development of the industry
in 2008, Fuyao Glass achieved a net profit of 2.465 million yuan and a earnings per share of 0.12 yuan. However, Fuyao Glass bucked the trend in the first three quarters of this year and achieved a net profit of 617.86 million yuan and a basic earnings per share of 0.31 yuan
Fuyao Glass said that the substantial growth of the company's performance mainly benefited from the rapid development of China's automotive industry, the expansion of the automotive glass export market, the optimization of the debt structure and the reduction of financial expenses. In addition, the adjustment of the company's business structure also had a positive impact on the performance Fuyao Glass has faded out of architectural float glass and focused more on the development of automotive glass
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