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Fuyao Glass Industry Group Co., Ltd. Class H
(3606)
Select Model
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Rating:76Outperform
Price Target:
HK$64.00
▲(2.15% Upside)
Action:Reiterated
Date:08/19/26
The score is driven primarily by strong fundamental profitability and multi-year growth, offset by increasing leverage and only moderate free-cash-flow conversion. Technicals are mixed (short-term strength but below the 200-day average), while valuation is supported by a mid-teens P/E and a solid dividend yield.
Positive Factors
Sustained Revenue Growth
Consistent multi-year expansion indicates durable demand for Fuyao’s automotive glazing products. The stronger TTM growth suggests continued market penetration, production scale benefits, and capacity to grow across OEM and replacement channels.
Negative Factors
Rising Leverage
Debt has grown materially faster than the company’s recent equity base, reducing financial flexibility. Although profitability currently supports the balance sheet, higher leverage could amplify pressure during weaker vehicle production or margin conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Consistent multi-year expansion indicates durable demand for Fuyao’s automotive glazing products. The stronger TTM growth suggests continued market penetration, production scale benefits, and capacity to grow across OEM and replacement channels.
Read all positive factors
Fuyao Glass Industry Group Co., Ltd. Class H (3606) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$168.36B
Dividend Yield4.17%
Average Volume (3M)2.96M
Price to Earnings (P/E)17.6
Beta (1Y)0.57
Revenue Growth13.06%
EPS Growth-0.41%
CountryHK
Employees42,541
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)4.73
Shares Outstanding606,757,200
10 Day Avg. Volume3,285,163
30 Day Avg. Volume2,957,310
Financial Highlights & Ratios
PEG Ratio0.83
Price to Book (P/B)4.19
Price to Sales (P/S)3.52
P/FCF Ratio27.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$69.62Price Target Upside11.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)3.76
Revenue Forecast (FY)HK$50.43B
Fuyao Glass Industry Group Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Fuyao Glass Industry Group Co., Ltd., along with its subsidiaries, stands as a prominent global supplier of safety glass and various accessories for the transportation industry, serving both Chinese and international markets. The company's activit...
How the Company Makes Money
Fuyao primarily makes money by manufacturing and selling automotive glass products, generating revenue when it delivers glass to customers under supply contracts and purchase orders. Key revenue streams include: (1) OEM automotive glass sales to g...
Fuyao Glass Industry Group Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.76B | 44.73B | 39.25B | 33.16B | 28.10B | 23.60B |
| Gross Profit | 17.09B | 16.52B | 14.22B | 11.74B | 9.56B | 8.47B |
| EBITDA | 18.81B | 12.89B | 11.35B | 8.92B | 7.67B | 5.83B |
| Net Income | 8.24B | 9.07B | 7.50B | 5.63B | 4.76B | 3.15B |
Balance Sheet | ||||||
| Total Assets | 74.57B | 70.78B | 63.25B | 56.63B | 50.77B | 44.78B |
| Cash, Cash Equivalents and Short-Term Investments | 22.46B | 22.22B | 18.79B | 18.52B | 17.03B | 14.33B |
| Total Debt | 25.32B | 21.70B | 12.15B | 14.33B | 11.71B | 10.40B |
| Total Liabilities | 35.43B | 32.24B | 27.57B | 25.22B | 21.78B | 18.49B |
| Stockholders Equity | 38.18B | 37.58B | 35.69B | 31.43B | 29.00B | 26.31B |
Cash Flow | ||||||
| Free Cash Flow | 7.73B | 5.70B | 3.08B | 3.15B | 2.76B | 3.35B |
| Operating Cash Flow | 15.76B | 11.41B | 8.56B | 7.62B | 5.89B | 5.68B |
| Investing Cash Flow | -9.79B | -5.97B | 55.73M | -4.45B | -7.66B | -1.86B |
| Financing Cash Flow | 3.86B | -4.70B | -3.36B | -2.28B | -1.24B | 1.95B |
Fuyao Glass Industry Group Co., Ltd. Class H Technical Analysis
Positive
62.65
Price Trends
55.05
Positive
56.11
Positive
59.62
Negative
Market Momentum
0.04
Positive
53.82
Neutral
66.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3606, the sentiment is Positive. The current price of 62.65 is above the 20-day moving average (MA) of 56.16, above the 50-day MA of 55.05, and above the 200-day MA of 59.62, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 53.82 is Neutral, neither overbought nor oversold. The STOCH value of 66.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3606.
Fuyao Glass Industry Group Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$168.36B | 17.59 | 22.56% | 4.17% | 13.06% | -0.41% | |
72 Outperform | HK$12.39B | 12.66 | 5.82% | 2.90% | 5.98% | 13.92% | |
70 Outperform | HK$29.12B | 8.80 | 12.03% | 6.04% | 14.21% | 14.88% | |
64 Neutral | HK$9.55B | 29.87 | 6.10% | ― | 15.91% | -37.62% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | HK$17.60B | 11.36 | 7.18% | 3.19% | 0.22% | -23.29% | |
46 Neutral | HK$5.42B | -90.41 | -5.52% | 5.59% | -2.65% | 69.13% |
* Consumer Cyclical Sector Average
HK:3606
Fuyao Glass Industry Group Co., Ltd. Class H
55.55
-16.55
-22.95%
HK:0179
Johnson Electric Holdings
18.58
-11.10
-37.39%
HK:0425
Minth Group
25.04
-5.25
-17.33%
HK:2339
BeijingWest International
4.07
3.56
698.04%
HK:1316
Nexteer Automotive Group
4.86
-1.71
-26.07%
HK:9690
TUHU Car Inc. Class A
12.75
-7.25
-36.25%
Fuyao Glass Industry Group Co., Ltd. Class H Corporate Events
Fuyao Glass Targets Robust Interim Payout on Strong First‑Half Profit
Aug 18, 2026
Fuyao Glass Industry Group released its unaudited interim results for the six months to June 30, 2026, reporting net profit attributable to ordinary shareholders of about RMB3.97 billion under both PRC and IFRS standards. Management affirmed the a...
Fuyao Glass Declares RMB 1 Interim Dividend for 2026 H Shares
Aug 18, 2026
Fuyao Glass Industry Group has announced an interim ordinary cash dividend for the first half of 2026 of RMB 1 per share for the financial year ending 31 December 2026, with payment to Hong Kong shareholders scheduled for 6 November 2026. Key date...
Fuyao Glass Sets August Board Meeting to Approve Interim Results
Aug 4, 2026
Fuyao Glass Industry Group has scheduled a board meeting for August 18, 2026, in Fuzhou, Fujian, to review and approve the interim results for the six months ended June 30, 2026. The announcement signals upcoming disclosure of the company’s ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.