Huaxi Securities Co.Ltd(002926) maintain Ningbo Jifeng Auto Parts Co.Ltd(603997) buy rating: performance turns loss into profit, passenger car seats from 0 to 1

Huaxi Securities Co.Ltd(002926) on January 28, the research report said that the purchase rating of Ningbo Jifeng Auto Parts Co.Ltd(603997) (603997. SH) was maintained. The reasons for rating mainly include: 1) turning loss into profit and waiting for continuous improvement; 2) Comprehensive coordination refers to the global leader of intelligent cockpit. Risk tip: the sales volume of passenger car industry is lower than expected; The progress of integration is less than expected; Customer expansion is not as expected; Industry competition intensifies; Increase of raw material cost, etc.