继峰股份：从长期来看，随着座椅基地建成投产，定点项目逐步进入稳定量产阶段，资产周转水平将会得到提升

Core Viewpoint - The company's asset turnover efficiency has declined due to the rapid expansion of its passenger vehicle business, which requires significant investment in long-term assets before achieving stable production levels [1] Group 1: Financial Metrics - The company's total asset turnover rate is reported at 0.76 times, showing a year-on-year decline [1] - The inventory turnover rate stands at 7.72 times, also reflecting a year-on-year decrease [1] Group 2: Reasons for Decline - The decline in asset turnover efficiency is attributed to the ongoing expansion of the passenger vehicle business, which necessitates continuous investment in long-term assets such as factories and equipment for seat base construction [1] - During the initial production ramp-up phase of new projects, asset utilization rates have not yet reached stable levels [1] Group 3: Future Outlook - In the long term, as the seat base construction is completed and projects enter stable production phases, asset turnover levels are expected to improve [1]