Sifang Optoelectronics (688665.SH) announced that the company recently received an order from a well-known domestic manufacturer (according to an agreement with the above...
According to the Zhito Finance APP, Sifang Optoelectronics (688665.SH) announced that the company recently received a project designation notification from a well-known domestic manufacturer (the specific name of the customer cannot be disclosed due to the confidentiality agreement signed with the customer), confirming that the company will supply automotive-grade fragrance module assemblies. According to the customer's forecast, this project includes two vehicle platforms and is expected to commence delivery in 2026, with a lifecycle of about 8 years and a total amount of approximately RMB 0.113 billion (excluding tax).
This project designation reflects the customer's recognition of the company's R&D capabilities, supply chain capabilities, and product quality, further enhancing the company's market competitiveness; this project designation will not have a significant impact on the company's performance for this year. If subsequent Orders are successfully transformed, it is expected to have a positive impact on the company's operating performance in future years, with the specific impact amount and timing depending on the specific circumstances of the Orders.
The company's automotive product line extends from automotive comfort systems and in-vehicle air improvement devices to safety systems and energy-saving purification fields. The company passed the IATF16949:2016 automotive quality management system certification in 2017. The receipt of the project designation notification from the manufacturer is beneficial for the company to accumulate service experience and customer resources, enhance technological innovation capabilities, and also supports the expansion of the business for in-vehicle air improvement devices.