FUYAO GLASS (03606.HK) Rebounds ~4% as Interim NP Grows 23%

　　After crashing near 7% yesterday, FUYAO GLASS (03606.HK) +0.400 (+0.970%) Short selling $32.11M; Ratio 6.140% opened 3.52% higher this morning and peaked at $43. It now trades at $42.85, rebounding 3.88%, with 766,700 shares traded, involving a capital of $32.488 million.

　　The company announced that according to Chinese accounting standards, its operating income in 1H24 was RMB18.34 billion, lifting 22% YoY. Net profit attributable to shareholders was RMB3.499 billion, rising 23.4%, with an EPS of RMB1.34.

　　FUYAO GLASS declined yesterday after its wholly-owned US subsidiary cooperated with the local government's investigation. BOCI believed the investigation may disturb the share price in the short term, but the company's fundamentals remain sound and healthy.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-29 16:25.)