Core Viewpoint - Tiancheng Control's wholly-owned subsidiary, Wuhan Tiancheng Control Automotive Seat Co., Ltd., has received a designated notification from a leading domestic automotive enterprise, becoming a supplier of passenger car seats [1] Group 1: Project Details - The seat project is a platform project that includes three vehicle models, with mass production expected to start in October 2026 [1] - The project has a lifecycle of five years, with an estimated total value of 2.3 billion yuan [1] Group 2: Company Recognition and Market Impact - This collaboration signifies the client's recognition of the company's innovation capabilities, research and development strength, product quality, and full industry chain support capabilities [1] - The partnership is expected to enhance the company's influence and market share in the passenger vehicle sector [1]

Group 1 - The company, Tiancheng Automation, announced an expected net profit attributable to shareholders of 80 million to 95 million yuan for the fiscal year 2025, indicating a turnaround from a loss to profitability compared to the previous year [2]

每经AI快讯，天成自控1月26日晚间发布业绩预告，预计2025年度归属于上市公司股东的净利润为8000 万元到9500万元，与上年同期相比，将实现扭亏为盈。业绩变动主要原因是，本期公司核心业务延续稳 健增长态势。乘用车座椅业务订单增加，工程机械和商用车座椅、飞机座椅业务市场回暖，主营产品销 量增长，销售收入增长；公司持续优化产品结构，布局高附加值产品，盈利能力持续改善。 （记者 曾健辉） 每经头条（nbdtoutiao）——国际金价冲破5000美元！7年涨了280%，什么时候才见顶？专家：关键还 看美元，重点关注国际货币体系、降息和科技革命 ...

本期业绩预盈的主要原因：1、本期公司核心业务延续稳健增长态势。乘用车座椅业务订单增加，工程 机械和商用车座椅、飞机座椅业务市场回暖，主营产品销量增长，销售收入增长；2、公司持续优化产 品结构，布局高附加值产品，盈利能力持续改善。 格隆汇1月26日丨天成自控(603085.SH)公布，经财务部门初步测算，预计2025年度归属于上市公司股东 的净利润为8,000万元到9,500万元，与上年同期相比，将实现扭亏为盈。预计2025年度归属于上市公司 股东的扣除非经常性损益后的净利润为7,150万元到8,650万元。 ...

Core Viewpoint - Tiancheng Control (603085.SH) is expected to achieve a net profit of between 80 million and 95 million yuan for the fiscal year 2025, marking a turnaround from losses in the previous year [1] Group 1: Financial Performance - The company anticipates a significant improvement in net profit compared to the previous year, indicating a recovery in financial health [1] - The projected net profit range of 80 million to 95 million yuan represents a positive shift for the company [1] Group 2: Business Operations - Core business segments continue to show steady growth, with an increase in orders for passenger car seats [1] - The market for construction machinery, commercial vehicle seats, and aircraft seats is experiencing a rebound, contributing to increased sales volume [1] - The company is focusing on optimizing its product structure and expanding into high-value-added products, which is enhancing its profitability [1]

本期公司核心业务延续稳健增长态势。乘用车座椅业务订单增加，工程机械和商用车座椅、飞机座椅业 务市场回暖，主营产品销量增长，销售收入增长;公司持续优化产品结构，布局高附加值产品，盈利能 力持续改善。 智通财经APP讯，天成自控(603085.SH)发布2025年度业绩预盈公告，经财务部门初步测算，预计2025 年度归属于上市公司股东的净利润为8,000万元到9,500万元，与上年同期相比，将实现扭亏为盈。 ...

Financial Performance - The company expects a net profit attributable to shareholders for 2025 to be between 80 million and 95 million yuan, marking a turnaround from a loss in the previous year[4]. - The estimated net profit after deducting non-recurring gains and losses for 2025 is projected to be between 71.5 million and 86.5 million yuan[4]. - In 2024, the total profit was -6.1953 million yuan, with a net profit attributable to shareholders of -16.4813 million yuan[5]. Business Growth - The core business continues to show steady growth, with increased orders in passenger car seat business and a market recovery in engineering machinery and commercial vehicle seats[7]. - The company is optimizing its product structure and focusing on high value-added products, leading to improved profitability[7]. Earnings Forecast - The earnings forecast is based on preliminary calculations by the finance department and has not been audited by a registered accountant[8]. - There are no significant uncertainties affecting the accuracy of this earnings forecast[8]. - The data provided is preliminary and the final audited financial data will be disclosed in the official 2025 annual report[9].

Core Viewpoint - The company expects to achieve a net profit attributable to shareholders of 80 million to 95 million yuan for the year 2025, marking a turnaround from a loss of 16.4813 million yuan in 2024 [1] Financial Performance - The projected net profit for 2025 represents a significant improvement compared to the previous year's loss, indicating a recovery in financial performance [1] - The non-recurring net profit is estimated to be between 71.5 million and 86.5 million yuan, also an improvement from a loss of 16.2552 million yuan in 2024 [1] Business Growth - The anticipated profit increase is attributed to the steady growth of core business operations, with an increase in sales volume and revenue of main products [1] - The company has optimized its product structure, leading to improved profitability [1]

Group 1 - Yongda Automotive shows strong recovery potential in luxury car dealership performance, supported by cash flow and dividend yield attractiveness [1] - The company benefits from BMW's support in new car gross profit, alongside the clearing of inefficient dealerships in the luxury car sector [1] - The new energy business is expected to contribute significantly, with a projected net cash flow exceeding 1.1 billion yuan in the first half of 2025 [1] Group 2 - Tianzhun Technology's core business is experiencing strong growth, but the industry faces cost pressures due to memory shortages [2] - The company focuses on intelligent driving and embodied intelligence, with significant growth momentum [2] - The shortage of high-end DDR5 memory and rising DRAM prices are impacting the cost structure for automotive manufacturers [2] Group 3 - Longsheng Technology has significant untapped potential in the commercial aerospace sector, with its subsidiary positioned in precision welding components [3] - The traditional business remains a core pillar of performance, while the robotics segment has clear long-term growth logic [3] - Yinxun shares are expected to see substantial market value elasticity due to the data center liquid cooling module as a core growth driver [3] Group 4 - Fuda shares have issued convertible bonds, signaling positive developments, with strong performance expected in 2026 due to scarce production capacity [3] - The company is involved in the drafting of national standards for robotic components, with overseas client validation progressing [3] - Tiancheng Self-Control is positioned as a key player in the low-altitude economy, with significant market share potential as the industry matures [3]

Investment Rating - The report maintains a positive outlook on the automotive industry, indicating an "Overweight" rating, suggesting that the industry is expected to outperform the overall market [2][12]. Core Insights - Yongda Automotive shows strong recovery signals with cash flow and dividend yield attractiveness, benefiting from support from manufacturers like BMW, and is expected to see significant performance improvements in 2025 [3]. - Tianzhun Technology's core business is experiencing robust growth, but the industry faces cost pressures due to memory shortages, particularly in high-end DDR5 memory [4]. - Longsheng Technology has significant untapped potential in the commercial aerospace sector, with a solid market position in satellite components and a clear growth trajectory in its robotics business [5]. - Yinlun Technology is positioned to benefit from the growth of data center liquid cooling solutions, with expected significant market elasticity by 2027 [5]. - Fuda Co., Ltd. has issued convertible bonds, indicating positive signals for business certainty and valuation support, with a focus on expanding production capacity [6]. - Tiancai Control is strategically positioned in the low-altitude economy, with ongoing efforts to secure key clients and certifications, which could lead to substantial market share gains [6]. Summary by Relevant Sections Yongda Automotive - The company is a key dealer for BMW, showing strong recovery signals with a projected net cash flow exceeding 1.1 billion yuan in the first half of 2025, supported by manufacturer subsidies and a reduction in inefficient dealerships [3]. Tianzhun Technology - The company focuses on intelligent driving and embodied intelligence, with strong growth momentum, but faces challenges from memory supply shortages impacting vehicle production costs [4]. Longsheng Technology - The company has significant growth potential in the commercial aerospace sector, with a strong foothold in satellite components and a clear growth strategy in its robotics business [5]. Yinlun Technology - The company is focusing on data center liquid cooling modules, with expectations for significant market growth by 2027, while also being a key supplier in the robotics sector [5]. Fuda Co., Ltd. - The issuance of convertible bonds at a conversion price of 17.5 yuan signals positive business prospects, with a focus on expanding production capacity and addressing market concerns regarding client structure [6]. Tiancai Control - The company is well-positioned in the low-altitude economy, actively working on client acquisition and technical certifications, which could lead to significant market share in the future [6].