Goldman Sachs released a report that Fuyao Glass's revenue and net profit for the second quarter fell short of expectations due to a slowdown in overseas growth and exchange losses. The bank lowered its earnings per share estimate by 6% this year to reflect lower revenue and foreign exchange headwinds, but raised earnings forecasts of 3% and 6% per share for the next two years, based on better profit margins supported by continued application of high value-added products and strong cost control. Although the bank agrees with the company's profit margin strength and continued increase in market share, it is expected that the Group's future revenue and net profit growth will slow as global automobile production prospects stagnate and market penetration is high. The bank downgraded Fuyao Glass's rating from “buy” to “neutral”, and the target prices for A shares and H shares were lowered to HK$65 and HK$64 respectively.

Goldman Sachs released a report that Fuyao Glass's revenue and net profit for the second quarter fell short of expectations due to a slowdown in overseas growth and exchange losses. The bank lowered its earnings per share estimate by 6% this year to reflect lower revenue and foreign exchange headwinds, but raised earnings forecasts of 3% and 6% per share for the next two years, based on better profit margins supported by continued application of high value-added products and strong cost control. Although the bank agrees with the company's profit margin strength and continued increase in market share, it is expected that the Group's future revenue and net profit growth will slow as global automobile production prospects stagnate and market penetration is high. The bank downgraded Fuyao Glass's rating from “buy” to “neutral”, and the target prices for A shares and H shares were lowered to HK$65 and HK$64 respectively.