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CTP Signs Deal With Grammer Jifeng Automotive Seating CZ for New 21,000 Sqm Industrial Facility in Czech Republic
Ningbo Jifeng Auto Parts (SHSE:603997) May Have Issues Allocating Its Capital
Research Report Gold Digging丨China Merchants: Maintain Ningbo Jifeng Auto Parts "Shareholding" rating, with clear long-term and short-term development logic.
China Merchants Research Reports point out that Ningbo Jifeng Auto Parts (603997.SH) has a clear short-term and long-term development logic. The short-term performance relies on the improvement of Grammer's performance. With the continued mass production of passenger vehicle seat projects, the exploration of new projects, the gradual expansion of various new businesses of the headquarters, and the improvement of profitability in Grammer's overseas regions, the company's leading and growth attributes remain bullish. Expected net income attributable to the parent company from 2024 to 2026 is -0.45/0.78/1.11 billion yuan, maintaining a "Shareholding" investment rating. Since 2024, the company has been reorganizing internally, and Grammer will systematically implement measures to improve efficiency and reduce costs.
Jifeng Auto Parts Secures Front Seat Assembly Supply Deal; Shares Up 4%
Ningbo Jifeng Auto Parts (603997.SH): has been designated for the Passenger Vehicle seat assembly project.
On December 10th, Gelonghui reported that Ningbo Jifeng Auto Parts (603997.SH) announced that its wholly-owned subsidiary Ningbo Jifeng Seats (Hefei) recently received a "Notice of Designation" from a customer. Ningbo Jifeng Seats (Hefei) has been selected for the seat assembly project of a leading OEM (name cannot be disclosed due to confidentiality agreement) and will develop and produce front seat assembly products for the customer. According to the customer’s plans, mass production of this project is expected to start in August 2025, with a project lifecycle of 5 years and an estimated total lifecycle amount of 0.74 billion yuan. This newly awarded project is for the customer’s new vehicle model being designated to the company once again.
It's A Story Of Risk Vs Reward With Ningbo Jifeng Auto Parts Co., Ltd. (SHSE:603997)
Ningbo Jifeng Auto Parts Co., Ltd. (SHSE:603997) Stock Catapults 25% Though Its Price And Business Still Lag The Industry
