Group 1: Company Overview and Strategic Goals - The company aims to ensure aircraft safety as its primary strategic goal, focusing on agile support systems and comprehensive diagnostic technologies for aircraft [2] - The aviation maintenance business is highly correlated with industry indicators such as fleet size and aircraft daily utilization rates, which are expected to recover alongside the civil aviation industry's revival [2] Group 2: Business Segments and Market Position - The company's main domestic businesses are aircraft equipment manufacturing and maintenance services, each accounting for approximately 50% of revenue, with recent increases in manufacturing due to new aircraft models [3] - The company is a leading supplier of flight parameter recording systems and the first certified supplier of health management and monitoring systems (HUMS) in China, holding significant market share and intellectual property [3][4] Group 3: Data and Technology Initiatives - The company has been developing aviation big data services since 2017, aiming to enhance equipment management capabilities and improve operational efficiency through a data-driven ecosystem [3] - The VR technology is applied in aviation maintenance and flight training, with plans to expand its use in training and maintenance support based on the 2022-2026 action plan for VR and industry integration [4] Group 4: Financial Performance and Future Prospects - The company's VR business generated approximately RMB 60 million in annual revenue [5] - The company has plans to increase its investment in the C919 project, with a focus on automatic testing platforms for components as production scales up [5] Group 5: Shareholder and Investor Relations - The company plans to raise up to RMB 300 million through a private placement, with a share price of RMB 11.42 per share, which will increase the major shareholder's stake [6] - The company has conducted two equity incentive plans in 2017 and 2019, with future plans for new incentive programs [6]

证券代码：300424 证券简称：航新科技 广州航新航空科技股份有限公司 投资者关系活动记录表 编号：2015-03 | --- | --- | --- | --- | |-------------------------|-------------------------------------------|-------|-------------------------------------| | | | | | | | | | √特定对象调研 □分析师会议 □媒体采 | | 投资者关系活动类别 | 访 □业绩说明会 □新闻发布会 | | | | | □路演活动 □现场参观 □其他 | | | | | 广发证券：金凡 | | | | 参与单位名称及人员 | 中国银河证券：王华君 方正证券：黄艳、石康 | | | | 姓名 | 华商基金：段中喆 诺安基金：赵勇 | | | | 时 间 | 2015 年 7 月 6 日、10 | 日 | | | | | | | | 地 点 | 公司会议室 | | | | 上市公司接待人员姓 | 董事、董事会秘书：李凤瑞 | | 董事会办公室主任：陈茜茜 证券事务代 | | ...

Group 1: Industry Trends and Development - The ATE industry is experiencing significant growth due to advancements in information technology, network technology, and computer technology, leading to increased complexity in aircraft onboard equipment maintenance [3] - The demand for maintenance of onboard electronic devices is expected to rise, highlighting the importance of ATE in future maintenance operations [3] - The growth of civil aviation, general aviation, and military aviation in China is driven by economic growth, rising income levels, and modernization of national defense, providing a broad development space for the ATE market [5] Group 2: Company Advantages and Strategies - The company possesses several competitive advantages, including continuous technological and management innovation, high-quality talent, and a leading position in onboard equipment and testing device development [4] - The company has a rolling three-year business development plan focusing on onboard equipment, testing devices, and maintenance services across civil, military, and general aviation sectors [5] - The company aims to evolve from a single maintenance service provider to a comprehensive supplier of onboard equipment support services, including maintenance and material supply [6] Group 3: Future Considerations and Market Dynamics - The company is considering strategic acquisitions and mergers aligned with its development strategy, rather than pursuing growth for its own sake [5] - The development cycle for the flight reference system is typically 3-5 years due to high reliability requirements [5] - The aviation maintenance industry features a non-competitive landscape among airlines, original equipment manufacturers, and third-party maintenance providers, which is expected to persist [6]

证券代码：300424 证券简称：航新科技 广州航新航空科技股份有限公司 投资者关系活动记录表 编号：2015-06 | --- | --- | --- | --- | |--------------------|---------------------------|--------------------------------|-----------------------------------| | | | | | | | | | √特定对象调研 □分析师会议 □媒体采 | | 投资者关系活动类别 | | 访 □业绩说明会 □新闻发布会 | | | | | □路演活动 □现场参观 □其他 | | | | 民生证券：陈龙 | | | | | 广发基金：程锦 | | | | 参与单位名称及人员 | 平安大华基金：胡昆明 | | | | 姓名 | 上海人寿：董亮 | | | | | | 珠江资产：张俊齐、李艺芬、廖刚 | | | | 蒲公英资本:曾卉劼、尤宜 | | | | | | | | | 时 间 地 点 | 2015 年 10 公司会议室 | | | | | | | 董事会秘 | | 上市公司接待人 ...

证券代码：300424 证券简称：航新科技 广州航新航空科技股份有限公司 投资者关系活动记录表 编号：2015-05 | --- | --- | --- | --- | |--------------------|----------------------------|-----------------------------------|-------| | | | | | | | | √特定对象调研 □分析师会议 □媒体采 | | | 投资者关系活动类别 | | 访 □业绩说明会 □新闻发布会 | | | | | □路演活动 □现场参观 □其他 | | | | 中信证券：胡正洋、康凯 | | | | | 中信建投：翟相栋 | | | | | 南方基金：魏萌 | | | | 参与单位名称及人员 | 冠丰资产：黄升科 | | | | 姓名 | 华美国际投资：沈磊、豆晓莹 | | | | | 巴沃资产:韩强 | | | | | 康祺资产：卞玉宝 | | | | | 佳友集团：甘卫国 | | | | 时 间 | 2015 年 9 月 | | | | 地 点 | 公司会议室 | | | | 上市公司接待人员姓 | ...

证券代码：300424 证券简称：航新科技 广州航新航空科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |--------------------|------------------------------|----------------------------------------------------|----------------| | | | | 编号： 2015-02 | | | | √特定对象调研 □分析师会议 □媒体采 | | | 投资者关系活动类别 | | 访 □业绩说明会 □新闻发布会 | | | | | □路演活动 □现场参观 □其他 | | | 参与单位名称及人员 | | 博时基金：张雪川、罗景、蔡滨、刘锴、郭晓林、欧阳凡 | | | 姓名 | 富国基金：安倩 | | | | 时 间 | 2015 年 6 月 10 日 | | | | 地 点 | 公司会议室 | | | | 上市公司接待人员姓 | | 董事、董事会秘书：李凤瑞 董事会办公 | | | 名 | | 室主任：陈茜茜 证券事务代表：吴妙君 | | | 投资者关系活动主要 | ...

证券代码：300424 证券简称：航新科技 广州航新航空科技股份有限公司 投资者关系活动记录表 编号： | --- | --- | --- | --- | --- | --- | |-------|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------|-------|---------| | | | | | | 2016-01 | | | | | | | | | | 投资者关系活动类别 | √特定对象调研 □媒体采访 □新闻发布会 □现场参观 | □分析师会议 □业绩说明会 □路演活动 □其他 | | | | 姓名 | 参与单位名称及人员 | 民生证券：陈龙 吉富创投：傅建 广发基金：程锦 易方达：向志辉 广发证券：真怡 广发证券：胡正洋 安信证券：邹润芳 ...

证券代码：300424 证券简称：航新科技 广州航新航空科技股份有限公司 投资者关系活动记录表 编号：2017-01 | --- | --- | --- | --- | |--------------------|--------------------|----------------------------|-----------------------------------| | | | | | | | | | √特定对象调研 □分析师会议 □媒体采 | | 投资者关系活动类别 | | 访 □业绩说明会 □新闻发布会 | | | | | □路演活动 □现场参观 □其他 | | | 参与单位名称及人员 | 方正证券：石康 | | 国信证券：张俊波 | | 姓名 | 国泰基金：高亮 | | 红筹投资：彭昭昱 | | | 华泰柏瑞基金：董辰 | 招商证券：何亮 | | | | 天风证券：经纬 | | 长城基金：翁煜平 | | | 民生证券：李建伟 | | 南方基金：郑小溪 | | | 正圆投资：罗经伟 | | 东北证券：李恒光 | | | 海通证券：蒋俊 | | 方正富邦基金：关旭 | | | 银河证券：傅 ...

Financial Performance - In 2019, the company's operating revenue increased by 98.07% year-on-year, reaching 1.494 billion CNY, while net profit grew by 34.54% to 67.68 million CNY [3] - Operating cash flow for the company was 190 million CNY, a significant increase of 590.83% compared to the previous year [3] - The performance in the equipment research and support sector reached 327 million CNY in 2019, marking a 113% increase year-on-year [3] Business Development - The company has focused on the aviation sector since its establishment in 1994, providing safety and support products and services [3] - In 2017, the company expanded into the aviation asset management field, establishing a core competency in "comprehensive assessment, quality maintenance, and channel resources" [3] - The company successfully won a bid for the automatic testing platform for the domestically produced C919 aircraft, breaking foreign manufacturers' monopoly in this area [4] Impact of COVID-19 - The overall performance in 2020 showed a slight decline compared to the previous year due to the pandemic [4] - Domestic airline operations have begun to recover, with flight numbers in March reaching 42% of pre-pandemic levels [4] - The equipment research and support business was less affected by the pandemic, as it operates on an order basis with deliveries concentrated in the second half of the year [5] Strategic Initiatives - The company is updating its financial reports to advance its refinancing process for issuing convertible bonds [4] - MMRO, a subsidiary, achieved a net profit of 21.98 million CNY in 2019, although it experienced a decline due to high operational costs associated with new business ventures [5] - The company plans to introduce financial investors to MMRO to enhance its aviation asset management business, which currently accounts for approximately 45% of MMRO's total revenue [6]