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Fuyao Glass Industry Group Co., Ltd. Class H (4FG) Receives a Hold From J.P. Morgan
Hong Kong Stock Market Movement | JinkoSolar Holdings Plunges 14%, Leading Declines in the Photovoltaic Sector Amid U.S. Ban and Growth Slowdown Concerns
Gelonghui, July 13 | Hong Kong-listed photovoltaic (PV) stocks collectively declined, with Junday New Energy plunging over 14%, Xinte Energy dropping nearly 5%, Flat Glass Group, Shandong Hi-Speed New Energy, and Xinyi Solar each falling close to 3%, Kaiseng New Energy down 2.6%, Rainbow New Energy and Xinyi Solar declining more than 2%, and Fuyao Glass, Suntech Power, and Xinyi Solar also following lower. Market sentiment remains weak in the short term amid ongoing concerns about a slowdown in PV installation growth. Earlier, Xinjiang released its mechanism-based PV tariff for the first half of 2027, showing a significant 73% increase to RMB 0.259 per kWh, indicating ongoing price recovery in the sector.
Express News | Cao Hui, Chairman of Fuyao Glass, led a delegation to visit and exchange with Olight.
Fuyao Glass (03606): The issuance interest rate for '26 Fuyao Glass MTN003 (Sci-Tech Innovation Bond)' is 1.69%.
Fuyao Glass Industry Group Co., Ltd. (HKEX: 3606) announced that on July 3, 2026, the company publicly issued its third tranche of 2026 science and technology innovation bonds in the national interbank market (short name: '26 Fuyao Glass MTN003 (Sci-Tech Innovation Bond)'). The medium-term note has the code 102682436, with a total issuance amount of RMB 400 million. The tenor of this medium-term note is three years, issued at a price of RMB 100 per RMB 100 face value, and carries an annual interest rate of 1.69%. Industrial Bank Co., Ltd. acted as the lead underwriter and bookrunner, and the Export-Import Bank of China served as the joint lead underwriter. The interest accrual date is July 6, 2026. Interest will be paid annually, with the final interest payment made together with the principal at maturity.
Hong Kong Stock Market Movement | Solar stocks decline collectively as weak demand persists, potentially exerting further downward pressure on prices and profitability across the supply chain.
Photovoltaic stocks declined collectively. As of the time of writing, Flat Glass Group (06865) fell 4.1% to HK$6.32; Xinyi Solar (00968) dropped 3.33% to HK$2.03; Lens Technology (06613) declined 3.04% to HK$24.24; and Fuyao Glass (03606) decreased 1.29% to HK$53.6.
Fuyao Glass Industry Group Co., Ltd. Class H (4FG) Gets a Buy From UBS