NBGF(SH:603788) Zheng Quan Shi Bao Wang·2025-08-26 05:36Group 1 - The core viewpoint of the article highlights Ningbo Gaofa's strong performance in the automotive parts sector, achieving revenue and profit growth while maintaining a high dividend payout to shareholders [1][3] - In the first half of 2025, Ningbo Gaofa reported operating revenue of 787 million yuan, a year-on-year increase of 7.83%, and a net profit attributable to shareholders of 104 million yuan, up 11.93% year-on-year [1] - The company has distributed a cash dividend of 7.00 yuan per 10 shares, totaling 156 million yuan, which accounts for 81.93% of the net profit attributable to shareholders for the fiscal year 2024 [1] Group 2 - The automotive industry in China saw significant growth in the first half of 2025, with production and sales reaching 15.62 million and 15.65 million vehicles, respectively, marking year-on-year increases of 12.5% and 11.4% [2] - New energy vehicles (NEVs) showed remarkable performance, with production and sales of 6.97 million units, both exceeding 40% year-on-year growth, and NEVs accounting for 44.3% of new car sales [2] - Chinese brand passenger vehicles achieved a record market share of 68.5%, with sales of 9.27 million units, reflecting a year-on-year growth of 25% [2] Group 3 - Ningbo Gaofa has implemented a "quality improvement and efficiency enhancement" action plan to adapt to the competitive landscape post-price war in the automotive industry [3] - The company has improved its production management system and introduced advanced testing equipment to ensure product quality, while also engaging in internal quality improvement activities [3] - Key products such as gear shifters and pedal products have seen strong sales, with 2.63 million gear shifters and 5.31 million pedal units sold, positioning the company among the top in the domestic industry [3] Group 4 - Ningbo Gaofa's competitive advantages in the automotive parts sector include a diverse customer base covering major automakers like Geely, BYD, and Volkswagen, as well as a focus on lean production and real-time quality control [4] - The company aims to deepen its core business in automotive control systems while increasing product development investment in the domestic market and expanding its international presence [4] - Future strategies include launching new production bases and products in line with long-term development plans and market demands to strengthen its competitive position in the automotive parts market [4]