Fuyao Glass appoints new chairman amid strong Q3 2025 financial results

Fuyao Glass Industry Group Co., Ltd. announced a strategic leadership transition, with Mr. Cho Tak Wong tendering his resignation as chairman to facilitate governance optimization. He will continue to serve as a director and has been appointed honorary chairman for life. The board subsequently elected Mr. Tso Fai as the new chairman. Mr. Tso Fai, aged 55, has an extensive history with the company, having joined in November 1989 and previously holding positions as executive director and vice chairman.

The leadership changes align with the release of the company's 2025 third quarterly report, which highlights strong financial performance. For the nine months ended September 30, 2025, operating revenue increased by 17.62% to RMB33,301,907,930, and total profit surged by 32.69% to RMB8,577,135,182 compared to the previous year. Net cash flows from operating activities also saw a substantial increase of 57.29% to RMB9,884,629,654.

The improved financial results are attributed to intensified marketing efforts, a higher proportion of high added-value products, improvements in quality and efficiency, and a year-on-year increase in foreign exchange gains. Total assets as of September 30, 2025, reached RMB70,641,939,363, an 11.68% increase from the end of the previous year.