Jifeng Auto Parts reports strong Q3 2025 performance

Ningbo Jifeng Auto Parts Co., Ltd. announced robust performance for the third quarter of 2025, driven primarily by cost reductions and efficiency gains from Grammer's ongoing integration, alongside increased profitability from new projects in its automotive seat business. The company's cumulative orders for automotive seats reached 24 projects by July 31, 2025, with an estimated total sales value of RMB 96.0 bn to RMB 100.6 bn over their lifetime.

Grammer's integration efforts have shown significant progress, successfully reducing losses in the Americas and improving profit margins in Europe for 2025. In the first three quarters of 2025, Grammer achieved operating revenue of RMB 11.19 bn, an 11.5% decrease year-over-year, but reported a net profit attributable to parent company of RMB 150m, reversing a RMB -600m loss from the same period last year. This turnaround highlights the positive impact of restructuring initiatives.

Jifeng Auto Parts plans to leverage its existing customer base from headrest and armrest products to expand its automotive seat business, viewing it as a core strategic growth area. The company aims to secure more projects from domestic and international OEMs, further diversifying its client portfolio across new energy and traditional fuel vehicles, and expanding into European and Southeast Asian markets.