CATEC(600879) 长江商报· Chang Jiang Shang Bao·2025-05-26 00:53Core Viewpoint - Aerospace Electronic announced two major new project investments aimed at enhancing future development, including a 420 million yuan investment in the second phase of the Yanqing drone equipment industrial base and a 250 million yuan investment in the intelligent perception industrial base [1][5]. Group 1: Project Announcements - The company plans to invest 420 million yuan in the second phase of the Yanqing drone equipment industrial base to address production capacity shortfalls and enhance market competitiveness [1][2]. - The first phase of the Yanqing drone equipment industrial base had a total investment of 831 million yuan, with 340 million yuan already invested as of April 2025, and construction is nearly complete [2][3]. - The second phase will focus on developing production capabilities for various unmanned systems and digital simulation capabilities, adding 48,811.55 square meters of building area and 22 sets of equipment [2][3]. Group 2: Intelligent Perception Industrial Base - The company’s subsidiary, Aerospace Long March Rocket Technology Co., plans to invest 250 million yuan in the intelligent perception industrial base to enhance digital capabilities and adapt to future commercial aerospace demands [5]. - The investment will include 187 million yuan for construction and 42.08 million yuan for other engineering costs, with the site already prepared for development [5]. Group 3: Financial Performance - In 2024, the company reported revenue of 14.28 billion yuan, a decrease of 23.75% year-on-year, while net profit attributable to shareholders increased by 4.42% to 548 million yuan [5][6]. - The decline in revenue was attributed to a decrease in the delivery of aerospace products and the exclusion of certain entities from consolidation [6]. - As of the end of 2025, total assets were 46.25 billion yuan, a decrease of 0.39% year-on-year, with inventory and accounts receivable ratios showing slight improvements [6].