The jianghu is you chasing me.
Fuyao Glass responded to being overtaken by Xinyi Glass: automotive glass ranked first in the world.
In 2021, the revenue of Fuyao Glass was surpassed by Xinyi Glass. This news has attracted a lot of attention these days.
On March 22, Fuyao Glass held a 2021 annual performance briefing, at which investors even asked questions on this topic.
Li Xiaoxi, secretary of the board of directors of Fuyao Glass, specifically replied to this. She introduced that at present, the company mainly produces and sells automotive glass, ranking first in the world. According to Fuyao Glass's internal data, the company's market share in the global automotive glass industry last year was nearly 31%.
Li Xiaoxi also said that he congratulated Xinyi Glass on its achievements in its field.
Behind this reply, there are two meanings:
First, in its main business of automotive glass, Fuyao Glass still maintains its global advantages, both in terms of revenue and profit, maintaining double-digit growth.
Second, in the glass industry, Xinyi Glass has also maintained a high-speed development, and from the overall profitability of 2021, it has won the first place in this industry.
The automotive glass industry has been fully developed in the past few decades, and several giants have caught up with me, and it is difficult for latecomers to keep up.
In 2021, in the field of automotive glass, Fuyao Glass's global market share exceeded 30%, which is a strong performance and a manifestation of strength.
And the report card of Fuyao Glass in 2021 is also quite beautiful: the revenue was about 23.603 billion yuan, an increase of 18.57% year-on-year; the annual net profit attributable to the mother was 3.146 billion yuan, an increase of 20.97% year-on-year.
Cao Dewang is also quite satisfied with this achievement, he said in the 2021 annual report that the market share has reached a new height in the industry and sales have reached a new level.
Fuyao Glass's double-digit growth in revenue and profit, compared with the single-digit growth rate of China's auto industry, has shown the ability to grasp the market.
Although the epidemic is still continuing, 2021 is still the new year of China's new energy vehicles, and it still maintains a vigorous development momentum when many industries are depressed.
Let's take a look at the specific data: in 2021, China's automobile production was 26.08 million units, and sales were 26.28 million units, an increase of 3.4% and 3.8% respectively year-on-year.
The development of China's automobile industry is still climbing upwards, and it is full of kinetic energy.
As an important supporting automotive glass, it will naturally also be bustling.
In the past year, the overall unit price of Fuyao Glass has risen, which has the reasons for the rise in raw material prices and the reasons for product price optimization.
The accelerated development of new energy vehicles has also led to the accelerated development of the functionalization of the automobile industry. This impact is the whole industry chain, of course, including automotive glass.
We can note that in the past year, the proportion of high value-added products such as Fuyao Glass Intelligent Panoramic Canopy Glass, Dimmable Glass, Head-Up Display Glass, and Ultra-Isolated Glass has increased.
The improved demand of the automobile market is even more obvious than that of the property market, and the price level of the main demand is raised, providing greater development space for high value-added products.
The "four modernizations" in automobiles, that is, electrification, networking, intelligence and sharing, this trend and trend, have been the focus of Fuyao Glass.
Fuyao Glass said that the development of the new "four modernizations" of automobiles has enabled more new technologies to be integrated into automotive glass.
Although Cao Dewang was pushing the scooter at that time, the car glass business was done. The current automotive glass industry is known as a "high-barrier, asset-heavy industry", that is, large capital occupation and high technical content. No strength can enter this industry.
According to public data, in 2020, the top five global suppliers of global automotive glass are: Fuyao Glass (28%), Asahi Glass (26%), Plate Glass (17%), Saint-Gobain (15%), Xinyi Glass (8%).
In contrast, Fuyao Glass has reached a market share of 30% in 2021, an increase of two points over 2020, and its breakthrough ability at a single point is quite strong.
At present, the category of automotive glass is also quite rich, including: heat insulation, sound insulation, heating, water repellency, dimming, glass antenna, atmosphere lights, etc.
According to the public introduction, Fuyao Glass's products include automotive grade float glass, automotive glass, locomotive glass, luggage rack, car window trim and so on.
In 2021, Cao Dewang's dream of building Fuyao University of Science and Technology (tentative name) for 10 billion yuan has gradually become a reality, which is his more important goal.
At present, from the perspective of net worth, another Fujian "glass king" Xinyi Glass Li Xianyi is worth 51 billion yuan, exceeding Cao Dewang's 24.5 billion yuan.
It's an era of numbers and ideas, and entrepreneurs have a lot to offer.