老有所养，事关民生福祉。2025年初发布的《中共中央 国务院关于深化养老服务改革发展的意见》明 确提出，巩固居家养老基础作用。近年来，各地不断推进居家适老化改造工作，老年人居家生活的安全 性、便利性和舒适性逐步增强。 当前的居家适老化改造如何更好满足社会需求？如何让老年人从"安居"走向"优居"？"新华视点"记者进 行了调查。 居家适老化改造成效初显 铺设防滑垫、更新老旧电线、加装智能马桶和扶手，家住浙江省杭州市和睦社区的80岁居民王渭英家里 今年迎来大变样。"改造后真是安全又方便，心里踏实多了！"王渭英由衷感慨。近年来，杭州市大力推 进居家适老化改造工作，大大提高了老年人生活品质。 数据显示，截至2024年底，全国60周岁及以上老年人口超3.1亿人。据了解，约90%的老年人倾向于居 家养老。 2024年2月1日，江苏省常州市钟楼区荷花池街道居民钱金秀老人在经过适老化改造的卫生间内洗脚。新 华社发（陈暐 摄） 比如，有的适老化产品功能眼花缭乱、操作界面复杂，老年人的学习成本较高；有的产品虽然实用但能 耗较大，不符合许多老年人的节俭习惯；还有的改造方案千篇一律，不能满足不同老年人的个性化需 求。 从推出多个老龄事 ...

Summary of the Conference Call for Jifeng Group Industry and Company Overview - The conference call discusses Jifeng Group, a company involved in the automotive seating industry, particularly focusing on passenger car seats and commercial vehicle seats following its acquisition of Grammer, enhancing its global presence and product line [2][8][9]. Core Insights and Arguments - **Revenue Growth**: Jifeng Group's revenue is projected to reach approximately 30 billion yuan from passenger car seats and over 70 billion yuan from central control and interior businesses in 2024. Emerging businesses like hidden electric air vents and car refrigerators are expected to become new growth points, with a performance release cycle anticipated in 2025 [2][3]. - **Historical Performance**: The company experienced significant revenue growth from 20 billion yuan in 2018 to over 200 billion yuan in 2023, despite a loss in 2020 due to the pandemic and acquisition impacts. Post-2021, the company turned profitable through cost reduction and efficiency improvements [2][10][11]. - **Market Trends**: The passenger car seat market is large, with a high unit value. Trends towards comfort, functionality, smart features, and lightweight materials are expected to increase the unit value of seats by approximately 5,000 yuan by 2025 and further to around 5,200 yuan by 2027 [12][13]. - **Domestic Market Dynamics**: The domestic passenger car seat market is undergoing changes due to the rise of domestic brands and supply chain restructuring, providing opportunities for local suppliers who have advantages in response speed and cost control [16]. Financial Projections - **Future Revenue and Profit**: Revenue is expected to reach 26 billion yuan in 2025, 29.1 billion yuan in 2026, and 32.1 billion yuan in 2027, with profits projected at 600 million yuan, 1 billion yuan, and 1.4 billion yuan respectively [3][25]. Company Development Stages - Jifeng Group's development can be categorized into three stages: foundational business establishment (1996-2018), expansion and acquisition (2019-2020), and strategic new business breakthrough (2021-present) [6]. Governance and Financial Health - As of the end of 2024, the controlling shareholder holds a 42.22% stake, indicating a concentrated and stable ownership structure. The company has regained profitability and is positioned for growth following the integration of Grammer [7][11]. Globalization Efforts - The acquisition of Grammer has allowed Jifeng Group to expand its product line and customer base significantly, enhancing its international competitiveness and establishing a solid foundation for future growth [8][9]. Competitive Landscape - The automotive seating industry is characterized by a few dominant foreign players, with local suppliers facing challenges in market entry due to technological and resource barriers. However, local suppliers are gaining ground due to their cost advantages and faster response times [15][16]. Emerging Business Opportunities - New business areas such as electric air vents and car refrigerators are gaining traction, with significant order volumes indicating a positive outlook for revenue growth in these segments [20][21]. Conclusion - Jifeng Group is positioned for a promising future with strong revenue growth projections, a solid market position, and strategic initiatives aimed at enhancing its competitive edge in the automotive seating industry [25].

Group 1 - The core viewpoint of the article is that the integration of Grammer is deepening, and the overseas performance inflection point has been basically established [1][9][10] - The company has completed the acquisition of Grammer and is advancing integration from multiple aspects, despite challenges such as the global pandemic and chip shortages [1][20][23] - In 2024, the company will continue to deepen the integration of Grammer overseas, with measures including the divestiture of the loss-making North American TMD subsidiary and strategic adjustments in the European region [1][28][29] Group 2 - The passenger car seat market is accelerating, with a market size exceeding 100 billion yuan in China, driven by consumer upgrades [2][39][43] - The industry has high barriers to entry, creating a favorable competitive landscape, with major players being foreign and joint ventures [2][47][51] - The company has secured a substantial number of high-quality seat projects, covering major OEMs, and an employee stock ownership plan is expected to enhance profitability [2][57][59] Group 3 - The company forecasts a significant improvement in performance, with net profits projected to reach 6.46 billion yuan, 10.97 billion yuan, and 13.84 billion yuan from 2025 to 2027 [4][61] - The company is positioned as a leading player in the passenger car seat industry, benefiting from a broad market space and accelerated domestic substitution [4][64] - The company maintains a "buy" rating due to its performance reversal and expected valuation premium [4][64]

Core Insights - Daimei Co., Ltd. reported a revenue of 6.377 billion yuan for 2024, representing an 8.8% year-on-year increase, and a net profit attributable to shareholders of 802 million yuan, up 22.66% year-on-year [1] - The company plans to distribute a cash dividend of 3.50 yuan per 10 shares (tax included) and issue 3 bonus shares for every 10 shares held [1] Business Overview - Daimei Co., Ltd. specializes in the research, production, and sales of automotive interior components, with key products including sun visors, headrests, roof systems, and central controllers [1] - The revenue breakdown for major product segments in 2024 includes: - Sun visors: 3.938 billion yuan (up 1.99%) - Headrests: 1.203 billion yuan (up 19.6%) - Central controllers: 524 million yuan (up 4.24%) - Roof systems: 603 million yuan (up 80.57%) [1] Strategic Initiatives - The company aims to expand into the new energy vehicle market and transition from individual interior components to integrated roof system products, focusing on the North American market while also targeting domestic and European markets [1] - Daimei Co., Ltd. has been expanding its overseas operations, establishing production bases and R&D centers in various countries, and has built a global marketing and service network covering 18 countries [2] - For 2025, the company plans to continue its globalization strategy, enhancing its global trade risk response capabilities and increasing its influence and competitiveness in international markets [2]