Core Insights - Songyuan Safety has secured a project contract worth 440 million yuan from a well-known domestic automobile manufacturer, marking a significant enhancement in the company's technical strength and market competitiveness [1][2] - The project involves supplying safety systems for multiple new vehicle models, which is expected to positively impact future performance growth [1][2] Company Performance - Songyuan Safety has experienced continuous revenue and net profit growth for five consecutive years, with a reported revenue of 536 million yuan in Q1 2025, representing a year-on-year increase of 45.34% [4] - The main revenue driver is the safety belt assembly, accounting for 64.16% of total revenue in 2024, while airbag and steering wheel products have also seen significant growth [4] Market Expansion - The company is actively expanding its market presence, having successfully established partnerships with several domestic electric vehicle manufacturers, including BYD, NIO, and Li Auto [1][2] - Songyuan Safety is also accelerating its international strategy, having received a project notification from a European automobile manufacturer, marking its first contract with a foreign client [3] Research and Development - The company has significantly increased its R&D investment, totaling 288 million yuan from 2020 to 2024, with a steady annual growth trend [5] - As of December 31, 2024, Songyuan Safety holds 113 valid patents, covering core technologies such as safety belt pre-tensioners and smart buckles [5]

5月19日晚间，浙江松原汽车安全系统股份有限公司（以下简称"松原安全"）发布公告称，公司近日收 到了国内某知名汽车制造商的定点通知书，公司获得该客户的项目定点，作为该客户合格供应商，公司 将为该客户D平台部分车型提供安全带产品。此次定点项目生命周期5年，生命周期内产量总计约190万 台至200万台，销售额折合人民币约4.4亿元。 深度科技研究院院长张孝荣在接受《证券日报》采访时表示，此次定点项目对松原安全来说意义深远。 短期来看，新增订单将推动公司营收增长，为公司业绩提升提供有力支撑。长期来看，这将推动公司更 深入地融入新能源汽车供应链体系。 此外，松原安全还获得了欧洲某知名车企的全球平台订单，公司"出海"战略初显成效。公告显示，2024 年，公司两度获得该客户的项目定点，合计销售额折合人民币约56亿元。 松原安全良好的发展态势也体现在其财务数据中。2024年，公司实现营业收入19.71亿元，同比增长 53.94%；归属于上市公司股东的净利润2.60亿元，同比增长31.65%。 进入2025年，松原安全的业绩增长态势仍在延续。第一季度，公司实现营业收入5.36亿元，同比增长 45.34%；归属于上市公司股东的 ...