Group 1 - Guanglian Aviation held a roadshow on September 2, 2025, with participation from various investors, showcasing its involvement in major aircraft manufacturing projects approved by the state, including being a supplier for the C919 large passenger aircraft and the AG600 amphibious aircraft assembly line [1] - The company has established a comprehensive production base in key aviation provinces such as Harbin, Shenyang, Xi'an, and Chengdu, embedding itself deeply into the regional aviation industry ecosystem and aligning with local manufacturers' R&D needs [1] - In the first half of 2025, Guanglian Aviation reported stable growth, achieving operating revenue of 577 million yuan, a year-on-year increase of 26.64%, and a net profit attributable to shareholders of 55.84 million yuan, up 36.97%, with R&D investment reaching 33.59 million yuan [1] Group 2 - The company focuses on high-end, intelligent, and green transformation in manufacturing, emphasizing a dual-driven approach with aerospace tooling and components, as well as drone business, while also expanding into emerging fields like marine and commercial aerospace [2] - Guanglian Aviation leverages its precision manufacturing technology and integrated R&D capabilities to deepen its industrial layout and resource integration, particularly in the commercial aerospace sector, developing key components for launch vehicles and spacecraft [2] - The company aims to enhance its core technological advantages and optimize its business structure to capture industry development dividends, striving for a synergistic increase in operational scale and profitability [2] Group 3 - The marine business is a key area for expansion in 2025, focusing on unmanned vessels and underwater vehicles, utilizing lightweight design and composite materials for innovative applications in hull structures [3] - Guanglian Aviation's competitive advantage stems from its dual barriers of cross-domain technology transfer and full-chain capability construction, applying aerospace technology to marine equipment to improve performance and reduce development cycles [3] - The company plans to enhance its research and development investment in line with business progression, aiming to overcome material and process bottlenecks in lightweight and corrosion-resistant marine structures, supporting the upgrade of national marine equipment towards high-end and intelligent solutions [3]

Core Insights - Guanglian Aviation announced on September 3 that its marine business will be a key area of expansion by 2025, focusing on cutting-edge fields such as unmanned ships and unmanned submersibles [1] Group 1 - The company aims to explore lightweight design and innovative applications of composite materials in hull structures and superstructures [1] - It has already developed capabilities in the research and manufacturing of surface and underwater vessel structural components [1]

Core Viewpoint - Guanglian Aviation announced on September 3 that it expects stable growth in performance in the first half of 2025, with continuous optimization of operational quality [1] Financial Performance - The company anticipates achieving operating revenue of 577 million yuan, representing a year-on-year increase of 26.64% [1] - The net profit attributable to the parent company is projected to be 55.84 million yuan, reflecting a year-on-year growth of 36.97% [1] R&D Investment - Guanglian Aviation plans to invest 33.59 million yuan in research and development, indicating a commitment to enhancing technological innovation [1]

Core Viewpoint - Guanglian Aviation announced its strategic focus on high-end, intelligent, and green transformation in manufacturing, emphasizing a comprehensive layout across "sea-land-air-space" equipment systems [1] Group 1: Business Strategy - The company is driving its business towards high value-added areas through dual engines of aviation tooling and aerospace components, as well as drone business [1] - Guanglian Aviation is expanding into emerging fields such as marine and commercial aerospace, aiming to build a diversified development pattern [1]

Core Viewpoint - Guanglian Aviation announced on September 3 that it is actively seizing industry development opportunities by deepening its presence in the aerospace sector and expanding market boundaries, leading to stable growth in operating revenue [1] Group 1: Revenue and Growth - The company is experiencing stable growth in operating revenue due to continuous improvement of its product service matrix and strengthening customer cooperation [1] - The revenue growth is attributed to the acquisition of corresponding orders in line with industry development opportunities [1] Group 2: Profitability and Margin - The gross margin is undergoing a phase adjustment, primarily due to the dynamic evolution of industry competition, increased investment in new business segments for research and capacity building, which is characteristic of the company's scale capacity ramp-up period [1] - Future profitability is expected to gradually improve as the company enhances the efficiency of core technology transformation and optimizes the proportion of high value-added products [1] Group 3: Strategic Focus - The company is implementing a refined cost control system, which, combined with the long-term development dividends of the aerospace industry, is anticipated to create more sustainable value returns for all shareholders [1]

（编辑 王雪儿） 证券日报网讯 广联航空9月3日发布公告，在公司回答调研者提问时表示，公司将以"战略需求为基、市 场潜力为翼"拓展场景边界，重点聚焦复合材料在船体结构的创新应用，突破轻量化、高耐蚀、抗极端 海洋环境的材料工艺瓶颈，研发投入将随业务进阶逐步提升，以持续的技术迭代筑牢行业领先地位，助 力国家海洋装备向高端化、智能化升级。 ...

证券日报网讯广联航空（300900）9月3日发布公告，在公司回答调研者提问时表示，公司的核心竞争优 势源于"跨领域技术迁移+全链条能力构建"的双重壁垒，通过将航空航天领域积淀的复合材料技术、精 密制造工艺与系统集成经验，创新性迁移至海洋装备领域，实现船体结构轻量化与性能跃升，构建"工 艺设计-工装研发-零件试制-整体装配-检测验证"的全链条交付能力，解决传统金属船体耐蚀性差、能耗 高的痛点，快速响应客户定制化需求，缩短产品研发与交付周期。同时，通过与国内船舶领域权威院校 共建联合创新中心，持续强化产学研协同创新能力，将技术优势转化为产品竞争力，进而构筑市场竞争 力。 ...

（文章来源：证券日报） 证券日报网讯广联航空9月3日发布公告，在公司回答调研者提问时表示，2025年上半年，公司依托在航 空航天领域长期沉淀的精密制造技术、一体化研发设计能力及严苛的质量管控体系，持续推进产业布局 深化与资源整合，聚焦商业航天产业链关键环节，在运载火箭结构部件、航天器配套组件等领域开展技 术攻关与产品研发，将商业航天纳入战略发展核心版图，已构建起覆盖设计、生产、检测的一体化业务 能力，形成与商业航天产业快速发展相适配的服务体系。未来，公司将持续强化核心技术优势，优化业 务结构，积极把握产业发展红利，力争实现经营规模与盈利水平的协同提升，为商业航天产业高质量发 展注入动力。 ...

Core Viewpoint - The company emphasizes the importance of high-end, intelligent, and green transformation in manufacturing as a core guiding principle for high-quality industrial development and a key aspect of its strategic layout [2] Group 1: Company Strategy - The company leverages its technological accumulation in the aerospace high-end equipment manufacturing sector to implement sustainable development concepts [2] - Continuous introduction of digital control systems, automated production equipment, and intelligent detection technologies is aimed at enhancing production efficiency, product precision stability, and flexible manufacturing capabilities [2] Group 2: Environmental Initiatives - The company is optimizing production processes, promoting energy-saving equipment, and using environmentally friendly raw materials to reduce energy consumption and environmental impact during production [2] - Strengthening resource recycling and controlling pollutant emissions are part of the company's efforts to build a production operation system that aligns with green development requirements [2]

Core Viewpoint - Guanglian Aviation Industry Co., Ltd. reported stable growth in its operating performance for the first half of 2025, achieving revenue of 577 million yuan, a year-on-year increase of 26.64% [1] Group 1: Business Performance and Core Strategy - The company focuses on high-end, intelligent, and green transformation in manufacturing, emphasizing a comprehensive equipment system across air, land, sea, and space [1] - The dual drivers of the company's strategy are the aviation tooling and aerospace components, along with the drone business, targeting high value-added sectors and expanding into emerging fields like marine and commercial aerospace [1] Group 2: Marine Business Expansion - The marine business is a key focus for 2025, concentrating on unmanned surface vessels and underwater vehicles, with established R&D capabilities for surface and underwater vessel components [2] - The competitive advantage lies in "cross-domain technology transfer + full-chain capability construction," applying aerospace technology to marine equipment to address traditional metal hull challenges [2] - The company collaborates with authoritative domestic shipbuilding institutions to establish joint innovation centers, enhancing industry-academia-research collaboration [2] Group 3: Commercial Aerospace Sector - In the first half of 2025, the company leveraged its aerospace technology to engage in technical breakthroughs and product development in the commercial aerospace sector, establishing integrated business capabilities and adaptive service systems [3] - Future plans include strengthening technological advantages to capture industry benefits and enhance operational scale and profitability [3] Group 4: Revenue and Profit Margin Analysis - The company has experienced revenue growth over the past four years, but profit margins have declined due to changes in industry competition, increased investment in new business R&D, and capacity construction [4] - This decline is characterized as a transitional phase during the scaling-up of production capacity, with expectations for improved profitability as core technology conversion efficiency increases and the proportion of high value-added products optimizes [4] Group 5: Smart Factory and Green Production Initiatives - The company adheres to national manufacturing transformation guidelines, utilizing technological foundations to introduce digital control systems, automation equipment, and intelligent detection technologies to enhance production efficiency and flexible manufacturing capabilities [5] - Efforts include optimizing processes, promoting energy-saving equipment, and applying environmentally friendly materials to strengthen resource recycling and pollution control, embodying the green production philosophy [5]