Research Report Gold Digging丨China Merchants: Maintain Ningbo Jifeng Auto Parts "Shareholding" rating, with clear long-term and short-term development logic.

Gelonghui Finance · Dec 12 01:51

China Merchants' Research Reports indicate that Ningbo Jifeng Auto Parts (603997.SH) has a clear long-term and short-term development logic. The short-term performance depends on the improvement of Grammer's performance. With the continuous mass production of Passenger Vehicle seat projects, the development of new projects, the gradual expansion of various new businesses in the headquarters, and the improvement of Grammer's profitability in overseas regions, the bullish view on the company's leading attributes and growth potential continues. It is estimated that the net income attributable to the parent company from 2024 to 2026 will be -0.45/0.78/1.11 billion yuan, maintaining a 'Shareholding' investment rating. Since 2024, the company has streamlined internally, and Grammer will systematically implement measures to improve efficiency and reduce costs, fundamentally driving the recovery of core business profitability. In addition, Grammer has also helped the company to initiate the globalization of Passenger Vehicle seat assemblies, opening up long-term performance growth space.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

研报掘金丨招商证券：维持继峰股份“增持”评级，长短期发展逻辑清晰

Research Report Gold Digging丨China Merchants: Maintain Ningbo Jifeng Auto Parts "Shareholding" rating, with clear long-term and short-term development logic.

Risk Disclaimer

Statement