NBJF(SH:603997) Zhong Zheng Wang·2025-12-22 00:57Core Viewpoint - The company, Jifeng Co., Ltd. (603997), has announced that its subsidiary, Grammer Jifeng (Germany), has received a "pointing letter" from a European luxury automotive brand for a passenger car seat assembly project, marking a significant step in its transition to a global supplier of automotive seating products [1] Group 1: Project Details - The project involves the development and production of front, middle, and rear seat assemblies for a global sales model, expected to commence in September 2028, with a total project lifecycle value estimated at 9.8 billion yuan [1] - The project has a lifecycle duration of 8.5 years, indicating a long-term revenue stream for the company [1] Group 2: Market Position and Recognition - The acquisition of this project follows the company's previous success in securing a similar project with BMW AG, highlighting the recognition of the company's capabilities in product development, design, technical quality, and production assurance by overseas luxury automotive brands [1] - This new order signifies an increase in the company's overseas high-end seating orders, reflecting its gradual transition from a domestic supplier to a global player in the passenger car seating market [1] Group 3: Future Implications - The company believes that this project will enhance its future annual business revenue and have a positive and far-reaching impact on its operational performance [1] - The project is expected to facilitate the company's expansion into overseas markets and create favorable conditions for achieving economies of scale in production within Europe [1]