FW(SH:600742) Zheng Quan Shi Bao Wang·2025-09-24 02:33Core Insights - The article discusses the recent issuance of the "Automobile Industry Stabilization and Growth Work Plan (2025-2026)" by eight national ministries, emphasizing the promotion of intelligent connected technology and the approval of L3-level vehicle production [1] - Fuwei Co., Ltd. (富维股份) is highlighted as a leading enterprise in the automotive parts sector, demonstrating strong growth potential and resilience through strategic industry positioning and shareholder returns [1][2] Financial Performance - In the first half of 2025, Fuwei achieved revenue of 9.301 billion yuan and a net profit of 265 million yuan, with a year-on-year growth of 13.33% in net profit excluding non-recurring items, indicating solid internal growth momentum [1] - The company announced a mid-term dividend plan, proposing a cash dividend of 2.80 yuan per 10 shares, totaling 208 million yuan, which represents 78.44% of its net profit [2] Strategic Initiatives - Fuwei is aligning its strategic focus with national policies by investing in intelligent cockpit and driving technology, which are in line with the government's push for "intelligent connected technology industrialization" [2] - The company has made significant advancements in various fields, including fourth-generation front-end integration systems and self-developed vehicle-grade controllers, with some products entering pre-installation testing phases [2] Market Expansion - Fuwei has secured multiple interior and exterior project notifications from luxury, joint venture, and well-known new energy vehicle manufacturers, with an expected total sales amount exceeding 16 billion yuan over the product lifecycle [1] - The company is actively transferring its automotive expertise to new sectors such as embodied intelligent robotics and low-altitude economy, showcasing its commitment to embracing new production capabilities [4] Industry Recognition - Fuwei was recognized at the 2025 National New Energy and Intelligent Connected Vehicle Supply Chain Exhibition and received the "2025 Future Manufacturing Award" at the China Listed Companies Industry Development Forum, highlighting its leadership in high-end manufacturing [6][9] Innovation and Product Development - The company introduced the "Intelligent Dynamic Cabin" at the recent aviation exhibition, which integrates advanced automotive NVH engineering and ergonomic design into eVTOL cabin development, enhancing urban air mobility experiences [8] - Fuwei's continuous innovation in research and development is driving its transformation from a traditional automotive parts supplier to a technology-driven enterprise for the intelligent mobility era [9]