Fuyao Glass reports lower profit as UOB cuts target to HKD 77 for Fuyao Glass stock
Published on 10/25/2026 at 01:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSProfit and targets set the tone
- On October 20, 2026, nine-month net income was CNY 6.01 billion, down 14.97 percent.
- UOB Kay Hian cut its target from HKD 84.00 to HKD 77.00 on October 22, 2026.
- Fuyao Glass carried a CNY 137.4 billion market capitalization as of October 23, 2026.
Fuyao Glass reported CNY 34.12 billion in revenue for the first nine months of 2026, up 2.46 percent year over year, while net income fell 14.97 percent to CNY 6.01 billion. MarketScreener reported the figures for the period ended September 30, 2026, on October 20, 2026. The immediate issue for investors is profit quality, not revenue growth alone.
Results expose cost pressure
For the third quarter, UOB Kay Hian said adjusted net profit fell 4.10 percent year over year to CNY 2.22 billion and 13.10 percent quarter over quarter. The research note dated October 22, 2026, attributed the earnings pressure to higher sea freight costs and one-off expenses.
The nine-month comparison is sharper: net income declined from CNY 7.06 billion a year earlier to CNY 6.01 billion, even as sales increased from CNY 33.30 billion to CNY 34.12 billion. That gap makes freight, foreign-exchange effects and exceptional costs the central operating questions for the next report.
What does the target cut mean?
UOB Kay Hian maintained its Buy rating but cut its target from HKD 84.00 to HKD 77.00 on October 22, 2026. Its report also cited CNY 78 million in product-quality compensation and about USD 14.34 million in expenses related to the fire at the second phase of the US plant.
The recent chronology shows how the story has developed. On July 7, 2026, Fuyao Glass issued CNY 400 million of science and technology bonds; on July 23, 2026, it raised CNY 300 million for loan repayment; on October 20, 2026, it reported CNY 34.12 billion in nine-month sales. Each event appears in the MarketScreener company timeline.
Next date is October 28
Fuyao Glass scheduled an online briefing on its third-quarter performance for October 28, 2026. Sina Finance reported that management would discuss the results and financial position with investors.
Shanghai listing keeps valuation in view
Fuyao Glass was last at CNY 52.66 on the Shanghai Stock Exchange on October 23, 2026 at 3:00 p.m. CST. Its market capitalization was CNY 137.4 billion, while the 52-week range was CNY 47.53 to CNY 69.06 on the same market-data snapshot. The figures leave the stock below its yearly high while the latest earnings report puts more weight on margins and cost control.
Fuyao Glass at a glance
- Company: Fuyao Glass Industry Group Co., Ltd.
- Ticker: 600660
- Primary exchange: Shanghai Stock Exchange
- Market capitalization: CNY 137.4 billion (as of October 23, 2026)
- 52-week range: CNY 47.53-CNY 69.06 (as of October 23, 2026)
- Sector / Industry: Consumer Discretionary / Auto, Truck and Motorcycle Parts
Market context: Market report Shanghai Composite.
