Wuzhou Spring Festival expects the revenue of automobile safety parts to be 100 million yuan in 2021
Financial Associated Press, September 8 (Xinhua) the auto airbag gas generating parts of Wuzhou Spring Festival have been equipped with Autoliv, Junsheng electronics, Tesla, BYD, Weilai and other auto enterprises. Zhang Feng, chairman of the company, said that the revenue is expected to be 100 million yuan in 2021, and the target is to increase to 500 million yuan by 2024. At the same time, benefiting from the improvement of product yield and scale effect, the gross profit margin will increase to more than 20% by the end of this year.
This text is a result of machine translation.
Related companies：
Briefing Updated 5 hours ago
· Consumer Staples
Baijiu stocks rose, gold seed wine rose over 5%
Briefing Updated 6 hours ago
· Automotive
BYD responded to the "lithium battery price increase of 20%": internal verification is under way
In depth
Technology
Apple and China: A Mutually Beneficial Relationship
In 2019, around 46% of Apple's suppliers were Chinese companies or China-based factories. Not only do Chinese firms rely on Apple's sizable orders, but Apple also sees benefits from the country’s high cost-efficiency and growing innovation.
Aug 24, 2020 12:11 AM
Briefing Yesterday 09:38 PM
· Consumer Staples
China Baijiu liquor three quarterly report: scale increased by 27 billion to 92 billion 900 million to become the largest fund holding Moutai
Research
Automotive, TechnologyGlobal Auto Chip Shortage: Challenges, Opportunities and Implications for OEMs
Aug 04, 2021 03:41 PM
Jun 29, 2021 11:48 PM
Dec 09, 2020 02:51 PM
Research
Consumer Staples, Technology, HealthcareWIA2020 | Rising Tech Stars 2020: Global & China's 100
Dec 09, 2020 09:57 AM
Briefing Yesterday 11:05 AM
A-share BYD rose nearly 6%, a record high
Briefing Yesterday 07:23 AM
· Consumer Staples
The policy of 100% unpacking has been cancelled for some Maotai liquor products
Briefing Oct 22, 2021 08:51 PM
Most of the popular Chinese stocks rose before the U.S. stock market, and Netease rose nearly 3%
Briefing Oct 22, 2021 08:39 AM
· Healthcare
October 22 stock market lightning rod
Briefing Oct 19, 2021 09:55 AM
· Consumer Staples
Diamond stocks fell in early trading
Briefing Oct 18, 2021 08:48 PM
· Automotive
Most of the popular Chinese stocks fell before the US stock market, and futu holdings fell more than 8%
See more
Read next
Automotive · Analysis
Volkswagen's EVs Are Taking Off in China, May Soon Surpass NIO's Market Share
Yesterday 02:08 PM
In depth
Consumer Staples, Consumer Discretionary
What's 'New' about the New Consumer Brands in China?
Oct 19, 2021 10:15 AM
Technology · Analysis
SMIC, China's Rising TSMC Competitor, Makes a Strategic Business U-Turn
Oct 18, 2021 04:46 PM
In depth
Technology
China Chips: Will China Dominate the World Semiconductor Market in 5 Years? [1/2]
Oct 18, 2021 03:14 PM
EqualOcean is an information service provider and investment research company that aims to become a global platform for industrial innovation. Founded in February 2014 and headquartered in Beijing, with a client network covering over 50 countries, the firm provides comprehensive professional services, including industry research, investment analysis, innovation consulting, data products, corporate branding and international strategy.