Jifeng Shares announced on the evening of August 13 that its controlling subsidiary Jifeng Seating Fuzhou has received a passenger car seat assembly project nomination from a leading automaker. Mass production is expected to begin in June 2027, with a project life cycle of four years and an estimated total life cycle value of 2.12 billion yuan. The company sold 705,900 sets of passenger car seats in 2025, generating operating revenue of 5.619 billion yuan from this business. By the end of 2025, it had secured a cumulative total of 27 passenger car seat project nominations, with corresponding full life cycle sales expected to exceed 100 billion yuan. Recently, an overseas controlling subsidiary also obtained a passenger car seat assembly project nomination worth about 270 million yuan. The two projects are expected to begin mass production in August 2027 and September 2027 respectively, each with a four-year life cycle. The company expects net profit attributable to the parent company of 332 million to 398 million yuan in the first half of 2026, an increase of 115.78 percent to 158.67 percent year on year. Passenger car seat business revenue is expected to exceed 4 billion yuan, up more than 100 percent year on year, and to turn from loss to profit.
Ningbo Jifeng Auto Parts CoSecured 2.12 billion yuan seat assembly project nomination from leading automaker, boosting future revenue.
