天成自控年内多次获乘用车座椅相关项目定点

Core Insights - Zhejiang Tiancheng Self-Control Co., Ltd. has received a project confirmation from a leading domestic electric vehicle manufacturer for passenger car seat assembly, expected to start mass production in June 2026 with a total of 540,000 units over a 3-year lifecycle [1] - The company has secured multiple project confirmations this year, including a core component project for another well-known joint venture automotive company, with a total of 433,500 units expected to start production in December 2025 [1] - Tiancheng's subsidiaries have also performed well, with significant projects awarded, including a total of 75,600 units from a domestic car manufacturer and another project with a lifecycle value of 828 million yuan [2] Company Performance - Tiancheng Self-Control reported a revenue of 1.156 billion yuan in the first half of 2025, representing a year-on-year increase of 31.40%, with net profit rising by 47.55% to 23.27 million yuan, driven primarily by increased orders in the passenger car seat business [2] - The company anticipates further growth in production and sales revenue as more projects commence mass production in the second half of the year, supporting its annual performance targets [3] Capacity and Market Position - The company has established multiple production bases in Zhengzhou, Ningde, and Tiantai, with additional bases in Wuhan, Chuzhou, and Jinan under construction, enhancing its capacity to meet growing orders [3] - Tiancheng plans to raise up to 892 million yuan through a private placement to invest in smart production base construction, ensuring capacity for domestic and international order fulfillment [3] - The increasing demand for comfort, intelligence, and lightweight features in passenger car seats presents opportunities for companies with technological capabilities and production capacity, positioning Tiancheng favorably in the competitive landscape [3]