NJEC(SH:600699) Ju Chao Zi Xun·2025-10-21 03:26Core Insights - Ningbo Joyson Electronic Corp. has secured a significant automotive smart electrification project, with an estimated total order value of approximately 5 billion yuan, set to commence mass production by the end of 2026 [2][3] Group 1: Project Details - The project involves the development and supply of smart auxiliary driving domain controllers and smart cockpit multi-screen systems, including features like active privacy protection [2] - The project is a result of the company's strong technical foundation in smart driving, smart cockpit, and new energy management, showcasing its competitive advantage in the global automotive smart electrification sector [2] Group 2: Future Business Strategy - The company plans to enhance its business layout in smart cockpit multi-screen systems by achieving deep software and hardware collaboration among screens, chips, algorithms, and operating systems, aiming to increase supply chain value and profit margins [3] - The project is expected to provide robust support for future revenue growth, although it will not significantly impact the company's current year operating performance [3] Group 3: Risk Management - The company acknowledges potential risks, including uncertainties regarding the actual procurement amounts from downstream customers and the impact of macroeconomic factors on production plans and purchasing needs [3] - To mitigate these risks, the company will maintain real-time communication with customers and strengthen its risk management mechanisms to minimize adverse effects from market fluctuations [3]