603997 Ningbo Jifeng Auto Parts
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Ningbo Jifeng Auto Parts News
Jifeng Co., Ltd. (603997): Steady improvement of operations, development of seats, BMW enters the world
Revenue continued to rise year-on-year. Deepening global management integration is expected to usher in an inflection point in performance. The company released its 23-year annual report and 24Q1 quarterly report, with 23-year revenue of 21,571 billion yuan (yoy +20.06%), and a net profit of 2.04 billion yuan (yoy +20.06%)
Jifeng Co., Ltd. (603997): Accelerated passenger car and chair business for the first time in a high-end overseas project
Incident: On April 29, Jifeng Co., Ltd. released its 2024 quarterly report. The company achieved operating income of 5.29 billion yuan in the first quarter, an increase of 3.5% over the previous year; realized net profit of 119 million yuan, a year-on-year decrease of 68.2%; in fact
Comments on the 2023 Annual Report and 2024 Quarterly Report of Jifeng Co., Ltd. (603997): 2023Q4 and 2024Q1 results are in line with expectations, and long-term growth of the seat business can be expected
Key investment events: The company released its 2023 annual report and 2024 quarterly report. In 2023, the company achieved operating income of 21.571 billion yuan, an increase of 20.06% over the previous year; achieved net profit of 204 million yuan to mother.
Jifeng Co., Ltd. (603997): Significant improvement in gross margin, opening up space for globalization of seat assemblies
Incident: The company released its annual report for the year 23 and the quarterly report for '24. It achieved revenue of 21.57 billion yuan, +20.1% year over year, and achieved net profit of 200 million yuan to mother, +114.4% year over year; achieved in 1Q24
Jifeng Auto Parts' German Unit to Supply Auto Seats to BMW
Jifeng Auto Parts' (SHA:603997) German subsidiary, Grammer Jifeng Automotive Seating, will supply 12 billion yuan worth of auto seats to German automaker BMW, according to a Monday filing with the Sha
Jifeng Co., Ltd. (603997) 2024 Quarterly Report Review: Short-term pressure on first-quarter results to obtain German BMW passenger car seat designation
Event: On April 29, 2024, Jifeng Co., Ltd. released its 2024 quarterly report: the company achieved operating income of 5.287 billion yuan in Q1 of 2024, +3.45% year-on-year; achieved zero net profit attributable to the parent company
Jifeng Co., Ltd. (603997): Profitability improvement in 23 years may have begun to globalize seats
The subsidiary Grammer turned a loss into a profit in '23, and the net profit of the Jifeng division returned +166.3% year-on-year. According to the annual report, the company achieved revenue of 21.57 billion yuan in '23, +20.1% year-on-year; net profit before or after deducting 2.0
Jifeng Co., Ltd. (603997) Annual Report Review Report: Passenger Car Seats Open a New Chapter of Globalization Grammer Integration Gradually Arrives
Incident: 1) The company achieved revenue of 21.57 billion yuan in 2023, +20.1% year-on-year; net profit to mother was 200 million yuan, reversing losses over the previous year. 2) 2024Q1 achieved revenue of 5.29 billion yuan, +3.5% YoY
Jifeng Co., Ltd. (603997): 24Q1 performance is under short-term pressure and is newly targeted by BMW to open up global space
Key investment points: The company released its 2024 quarterly report. The first quarter achieved operating income of about 5.287 billion yuan, an increase of 3.5% over the previous year; net profit attributable to shareholders of listed companies was about 119 million yuan, a decrease of 68.2% over the previous year; deducted
Jifeng Co., Ltd. (603997): Short-term performance is under pressure, passenger car seat global strategy breaks 0 to 1
Incident 1: On April 29, 2024, the company released its report for the first quarter of 2024. The report showed that in the first quarter of 2024, the company achieved operating income of 5.287 billion yuan, an increase of 3.45% year-on-year and a decrease of 6.1% over the previous year; net return to mother
Jifeng Co., Ltd. (603997) Company Brief Review Report: The gradual increase in passenger car seats has achieved a breakthrough in BMW's designated global strategy
Key investment events: The company released its 2023 annual report, achieving full year revenue of 21,571 billion yuan, +20% year-on-year, net profit to mother of 204 million yuan, deducting non-net profit of 222 million yuan, reversing year-on-year losses. Company Announces 2024
Jifeng Co., Ltd. (603997): Steady growth in performance in 2023, and the seat business is about to expand
Event: On April 25, 2024, Jifeng Co., Ltd. released its 2023 annual report: the company achieved operating income of 21,571 billion yuan in 2023, +20.06% over the same period last year. Achieving ownership as a shareholder of a listed company
Jifeng Co., Ltd. (603997.SH) announced first-quarter results, net profit of 19.07 million yuan, a year-on-year decrease of 68.23%
Jifeng Co., Ltd. (603997.SH) disclosed its report for the first quarter of 2024. The company achieved 52 revenue during the reporting period...
Express News | Jifeng Co., Ltd.: Secured target for BMW passenger car seat assembly project in Germany
Jifeng Co., Ltd. (603997): Q1 met expectations and received an order from BMW to achieve seat globalization 0 to 1
Incident: The company released its 2024 quarterly report. In 24Q1, the company achieved revenue of 5.29 billion yuan, +3.5% year-on-year, and net profit to mother of 0.2 billion yuan, -68.2% year-on-year. At the same time, the company issued an announcement and the subsidiary Grammer
Jifeng Co., Ltd. (603997): Record annual results for 23 years, mass production of high seats accelerated implementation
Event: On April 25, 2024, the company released its 2023 annual report. The report shows that in 2023, the company achieved operating revenue of 21,571 billion yuan, exceeding 20 billion yuan for the first time, an increase of 20.06% over the previous year; achieved
Zhongtai Securities released a research report on April 28 stating that it gave Jifeng Co., Ltd. (603997.SH) a purchase rating. The main reasons for the rating include: 1) revenue: the incremental contribution of new businesses such as seats & stock busin
Zhongtai Securities released a research report on April 28 stating that it gave Jifeng Co., Ltd. (603997.SH) a purchase rating. The main reasons for the rating include: 1) revenue: the incremental contribution of new businesses such as seats & stock business followed the downstream recovery; 2) profit: financial expenses dragged down profits, and the operating performance of headquarters and Grammer continued to improve; 3) the inflection point of global seat replacement & scale has reached; 4) autonomous seat leaders, leading the way in local substitution, global replacement can be expected in the future. (Mainichi Keizai Shimbun)
Jifeng Co., Ltd. (603997): The 2023 performance is in line with expectations, and the seat business continues to advance
Incident: The company released its 2023 annual report and achieved net profit of 204 million yuan in 2023 (a performance report was previously issued). Special matters in 2023 include 119 million yuan in passenger car seat expenses and 0.36
Minsheng Securities released a research report on April 27 stating that it gave Jifeng Co., Ltd. (603997.SH) a recommended rating. The main reasons for the rating include: 1) smooth mass production of seats and gradual integration; 2) the domestic replace
Minsheng Securities released a research report on April 27 stating that it gave Jifeng Co., Ltd. (603997.SH) a recommended rating. The main reasons for the rating include: 1) smooth mass production of seats and gradual integration; 2) the domestic replacement space for smart electric breakout seats is vast; 3) comprehensive collaboration refers to the world's leading smart cockpit. (Mainichi Keizai Shimbun)
Jifeng Co., Ltd. (603997): Smooth release of passenger car seats, steady improvement in operating quality
Incident: On April 25, the company released its 2023 annual report. In 2023, the company achieved revenue of 21,571 billion yuan, an increase of 20% over the previous year; achieved net profit of 204 million yuan and net profit of 2.22 million yuan after deducting non-return to mother
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