Fuyao Glass's net profit in the first half of the year increased by 83.54% year-on-year. What is the current situation of the company?

Unconsciously, in August, major listed companies have published their semi-annual and monthly reports. In this report, a careful person found that during the first half of this year, Fuyao Glass's operating income was115.43 million yuan, and its net profit was17.69 million yuan, an increase of 83% over the previous year's education. In this regard, many people in the industry also believe that the current business growth of Fuyao Glass is too fast, so today we will discuss the operating conditions of his company.

First, why did he have such a big increase?

As we all know, last year, due to the impact of the COVID-19 epidemic, the global chip industry suffered a serious impact, which directly led to the decline of automobile production. This year, with the gradual resumption of production in the automobile industry, its output is also gradually recovering. After all, there are more and more orders, and Fuyao Glass is indeed a leader in the industry. In the downturn of the industry, large enterprises like this can not only reduce their own costs, but also improve their profits.

Second, what is the current operating status of the company?

If Fuyao Glass originally relied on its own unique patents and low cost, now Fuyao Glass gradually relies on its own marketing level. Judging from the internal data given by the Automobile Industry Association and Fuyao Glass, they are constantly combining with the current automobile going to the countryside, so that their products can better go to various automobile industries. Both new energy vehicles and traditional fossils, as well as cars, are involved.

Third, how do you view their development?

Although the current growth is very gratifying, Fuyao Glass is not very optimistic about the future development, mainly considering that the quantitative easing caused by the COVID-19 epidemic has directly affected the global economy. Many people only regard morality as economic growth, but fail to see the inflationary pressure behind economic growth.