HAXC (SZ:300928) Xin Lang Cai Jing·2025-07-02 09:52Core Viewpoint - Huazhong Xinchang has secured a significant project for the development and supply of multimedia display systems for eVTOL aircraft, marking a strategic entry into the burgeoning low-altitude economy sector [1][2]. Group 1: Project Announcement - The company received a project confirmation from a leading domestic eVTOL manufacturer, with expectations to complete the first generation of products by the end of 2026 [1]. - This project signifies Huazhong Xinchang's continued commitment to the low-altitude economy, following its previous collaboration with Xiaopeng Huitian [1]. Group 2: Market Potential - The global urban air mobility (UAM) market is projected to exceed $1.5 trillion by 2040, with eVTOL expected to capture over 60% of this market share [1]. - Domestic policies are increasingly supportive of low-altitude economic development, with pilot projects already initiated in 15 cities [1]. Group 3: Technical Capabilities - The eVTOL display systems require advanced integration of flight data monitoring, weather alerts, and navigation, necessitating high reliability, lightweight, and low power consumption [2]. - Huazhong Xinchang has developed a multimedia display terminal that combines both hardware and software tailored for the complex conditions of eVTOL operations [2]. Group 4: Competitive Advantage - The company has transitioned to a tier 1 supplier status and has established a complete supply chain for display systems, enhancing its ability to provide customized solutions for eVTOL manufacturers [3]. - Huazhong Xinchang is constructing its own production capacity at the Nantong smart manufacturing base, which is expected to further strengthen its competitive edge in the smart cockpit product market [3]. Group 5: Future Outlook - Successful conversion of project orders is anticipated to have a positive and profound impact on the company's future performance [4]. - With the eVTOL market on the brink of mass production, the company aims to leverage its automotive electronics expertise and early mover advantage in the low-altitude economy to create long-term value for shareholders [4].