Fuyao Glass integrates SAM, and horizontal business expansion brings new growth points

Since February 2019, Fuyao Glass has started to integrate SAM, which mainly produces aluminum trim products, and has formed synergies with the company's automotive glass business. Currently, the integration of SAM is progressing steadily, and we expect its profitability to gradually improve. Aluminum trim can be integrated with automotive glass, in line with customers' modular and integrated purchasing trends. In the medium and long term, the integration of SAM is expected to bring new growth points to the company.