Fuyao Glass stock trading strategy: 2022.3.17 From the technical chart, the stock price has fallen below the previous consolidation platform, the medium-to-long-term downtrend continues to be established, and there are signs of stabilization in the short-term, you can rely on 34 yuan to move in and out quickly, and fall below 34 yuan Stop loss, investment advice is to avoid trading.
From a fundamental point of view, according to the 2021 annual report, the operating income was 23.603 billion yuan, an increase of 18.57% year-on-year, the net profit attributable to shareholders of the parent company was 3.146 billion yuan, an increase of 20.97% year-on-year, and the net profit after deduction was 2.816 billion yuan, year-on-year. An increase of 22.22%, EPS 1.23 yuan. The weighted average return on equity is 12.96%.
The company’s operating income and net profit have been tepid in recent years, and the current stock price does not have room for medium and long-term holdings. A reasonable valuation is 12 times the price-earnings ratio is more reasonable, and the reasonable fluctuation range is between 18-30 yuan. As of February 28, the number of shareholders: more than 178,500, the retail investors are serious, the shareholding is scattered, the number of institutions is small, and the hot money is mainly speculation.
Historical forecast records:
2022.3.17 The 2021 annual report will be released. In 2021, the operating income will be 23.603 billion yuan, an increase of 18.57% year-on-year. The net profit attributable to shareholders of the parent company is 3.146 billion yuan, an increase of 20.97% year-on-year. An increase of 22.22%, EPS 1.23 yuan. The weighted average return on equity is 12.96%. Cash dividend of 1 yuan per share. The research and development expenses were 997 million yuan, a year-on-year increase of 22.27%.
It is worth noting that the growth rate of Q4 performance in 2021 has slowed down significantly, with operating income of 6.450 billion yuan, an increase of 5.22% year-on-year, and a net profit attributable to shareholders of the parent company of 550 million yuan, an increase of -37.30% year-on-year, and net profit after deduction. 437 million yuan, a year-on-year increase of -44.94%.
2021.11.02 From the perspective of technical graphics, the stock price is on the upper track of the rebound trend, and there is no trending market for the time being. It is recommended to stay away from the market.
2021.10.28 Fuyao Glass announced that in the third quarter of 2021, its operating income was 5.610 billion yuan, an increase of -0.80% year-on-year, and the net profit attributable to shareholders of the parent company was 827 million yuan, an increase of 8.91% year-on-year. 717 million yuan, an increase of -0.12% year-on-year, and an EPS of 0.32 yuan. The weighted average return on equity was 2.96%.
2021.10.28 Fuyao Glass announced that in the first three quarters of 2021, its operating income was 17.153 billion yuan, a year-on-year increase of 24.51%. The net profit attributable to shareholders of the parent company was 2.596 billion yuan, a year-on-year increase of 50.66%. The net profit after deduction was 23.79 yuan. 100 million yuan, an increase of 57.54% year-on-year, and an EPS of 1.02 yuan. The weighted average return on equity is 10.05%.
2021.10.2 From the technical chart, the stock price is in a downward trend, and there is no sign of stabilizing and stabilizing. It is recommended to leave the market with multiple orders to avoid it. In the near future, focus on the strength of the support of 40 yuan. If it falls below 40 yuan, the downward fluctuation range is 35. Between yuan and 40 yuan, there should be some shocks.
From a fundamental point of view, the company’s business and operating income have not changed much, and the key business is automotive glass, which is weakly related to the recent surge in photovoltaic glass. The current position of the stock price is not recommended for long-term holding, and can only rely on technical graphics for trend trading.
2021.8.7 From the perspective of technical graphics, the stock price fluctuates around the 60-day moving average as a whole. It is recommended to go long above the 60-day moving average. If it falls below, pay attention to the risk of callback.
From a fundamental point of view, the company’s business and operating income have not changed much, and the key business is automotive glass, which is weakly related to the recent surge in photovoltaic glass. The current position of the stock price is not recommended for long-term holding, and can only rely on technical graphics for trend trading.
Stock code: 600660.SH
Company Name: Fuyao Glass Industry Group Co., Ltd.
English name: Fuyao Glass Industry Group Co.,Ltd.
Company website: www.fuyaogroup.com
Main business: Provide complete solutions for safety glass and automotive trim for various transportation vehicles.
Number of employees: 26,532 (as of September 30, 2021: 25,759)
Total number of shareholders (households): 178,500 (deadline 2022-2-28)
Tel: 86-0591-85383777
Chairman: Cao Dewang
Auditor: PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership)
Office address: Zone II, Fuyao Industrial Village, Fuqing City, Fuzhou City, Fujian Province
Income statement for the last 5 years
The main business of Fuyao Glass Industry Group Co., Ltd. provides complete solutions for safety glass and automotive trims for various transportation vehicles, including automotive-grade float glass, automotive glass, locomotive glass, luggage racks, and window trims. Design, production, sales and service. The company’s product logo “FY” trademark is the only “China Famous Brand” and “China Famous Brand” in China’s automotive glass industry so far.
