Fangzheng Securities Research Report pointed out that Fuyao Glass's domestic growth is steady and manageable, and prices in Europe and the US continue to rise sharply. With the continuous upgrading of automotive and glass products under the trend of electric intelligence and product inflation under the US tariff policy, we expect the company's product unit price to maintain 6-7% growth in 2026, with the ability to exceed expectations. Despite being disrupted by downstream demand in 2026, the company's profitability is expected to maintain steady performance. The global growth logic continues, valuations have been fully adjusted, and attention is being paid to the steady investment value of overseas leaders. Considering that the company has defensive attributes with high dividends, according to the stable cashout level since listing, PE currently corresponds to a dividend rate of 4.35% for the past 12 months. It is recommended to focus on the steady investment value of overseas leaders. Give it a “Recommended” rating.

Fangzheng Securities Research Report pointed out that Fuyao Glass's domestic growth is steady and manageable, and prices in Europe and the US continue to rise sharply. With the continuous upgrading of automotive and glass products under the trend of electric intelligence and product inflation under the US tariff policy, we expect the company's product unit price to maintain 6-7% growth in 2026, with the ability to exceed expectations. Despite being disrupted by downstream demand in 2026, the company's profitability is expected to maintain steady performance. The global growth logic continues, valuations have been fully adjusted, and attention is being paid to the steady investment value of overseas leaders. Considering that the company has defensive attributes with high dividends, according to the stable cashout level since listing, PE currently corresponds to a dividend rate of 4.35% for the past 12 months. It is recommended to focus on the steady investment value of overseas leaders. Give it a “Recommended” rating.