Summary

Revenue : 000,000 M USD
Finance : 000,000 M USD
Earning Cap : 000,000 M USD
Invest : 000,000 M USD
R & D : 0000 People
Growth : 00% AGR

DIGDAL CAP

Overview

General Introduction Ningbo Jifeng Automotive Parts Co., Ltd. was established in 1996 and is a leading global supplier of cabin interior components. In 2015, the company was listed and traded on the Shanghai Stock Exchange (stock abbreviation: Jifeng Shares; stock code: 603997). In 2019, the company acquired German century old automotive interior giant Grammer and achieved a global strategic layout through enterprise innovation and upgrading. The company's products cover two major fields: passenger cars and commercial vehicles. In the field of passenger cars, the company's main products include passenger car seat headrests, seat armrests, central control systems, interior components, operating systems, and innovative thermoplastic solutions; In the field of commercial vehicles, the company's main products are truck seats, non road vehicle seat components (tractors, construction machinery, and forklifts), as well as train and bus seats. With advanced innovative design, production manufacturing, quality management, and excellent services, the company has developed into one of the few automotive parts suppliers that can simultaneously provide supporting services for European, American, Japanese, and domestic brand manufacturers. It has established long-term partnerships with main engine manufacturers such as BMW, Audi, Volkswagen, Daimler, Tesla, and seat manufacturers such as Johnson, Lear, and Faurecia. To better serve customers, the company has nearly 70 holding subsidiaries in 20 countries worldwide, forming a global production, logistics, and marketing network. The company adheres to independent innovation, has a professional R&D team, advanced testing equipment, effective quality control system, and strong production capacity. After acquiring Grammer, by integrating Grammer's excellent R&D resources, the company further enhances its R&D strength. At present, the company has nearly 2000 core technology patents and is a patent demonstration enterprise in Zhejiang Province and a national intellectual property advantage enterprise. In 2004, the company passed the ISO/TS16949:2002 certification of BVQI in France, and in 2009, it passed the ISO14001 international environmental system certification. The company's testing center has passed ISO/IEC17025:2005 laboratory accreditation, and has also obtained laboratory testing qualifications from multiple domestic and foreign OEMs such as Volkswagen, BMW, Ford, Citroen, and Geely. The company has successively won multiple important honorary titles such as "National Advanced Group of Machinery Industry", "Top 100 Enterprises with Technological Innovation Ability in Zhejiang Province", "Top 100 Automobile Industry Enterprises in Zhejiang Province", "Top 100 High tech Enterprise Innovation Ability in Zhejiang Province", "2020 Fortune China 500", "2020 Top 100 Automobile Parts Enterprises in China", etc. With the increasingly clear trend of electrification and intelligence in the automotive industry, the company's products are not limited to vehicle energy sources and have stable configurations in traditional fuel vehicles and electric vehicles. The company is closely following industry trends and has not only synchronously switched new energy vehicle matching orders among existing customers, but also expanded product matching orders for emerging brands such as Tesla, Ideal, and Weimar. Looking ahead to the future industry trend of gradually improving intelligence, the interior of vehicles will become another brand new living space for people. The interior determines the pleasure and comfort of drivers and passengers, and significantly upgrades and expands the functionality and integration of the interior. Since its establishment, the company has always been committed to improving the comfort experience inside the cabin. After further integrating Grammer R&D resources, the product category will continue to expand. In the future, the company will continue to uphold the core values of "simplicity, pragmatism, and efficiency", and continuously improve its research and development capabilities and process technology level in the field of cabin interior decoration. We will strive to provide customers with comprehensive solutions with high cost-effectiveness, and create a globally leading high-end automotive component brand with technological innovation as the core.
Headquarter Ningbo
Establish Date 7/11/2003
Listed Code 603997.SH
Listed Date 3/2/2015
Chairman Wang Yiping.
CEO Feng Ding.
Website www.nb-jf.com

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