20240304-华创证券-继峰股份-603997.SH-重大事项点评_贷款置换落地_整椅业务放量在即_6页_667kb

The report analyzes Jiefang Shares (603997) focusing on a loan restructuring and growth in self-propelled car seats. Key highlights include:

• Company provides €80 million guarantee for subsidiary, aiming to reduce financial costs and risk.
• Grä高尔 2023 performance shows strong revenue growth, with Asia-Pacific leading, while Europe is improving and Americas continue losing.
• Self-propelled car seat business is poised to expand significantly in 2024, contributing estimated €2.7 billion in revenue from new projects.
• Investment recommendation remains "strong buy" with a target price of €167, supported by phased valuation adjustments from €194 billion for 2025.