HAXC (SZ:300928) He Xun Wang·2025-07-02 13:15Core Insights - Huazhong Xinchang has received a significant project designation from a leading domestic eVTOL manufacturer, which is expected to enhance its operational performance [1] - The project involves the development and supply of a multimedia display system for electric vertical takeoff and landing aircraft, with the first generation of products anticipated to be completed by the end of 2026 [1] Company Performance - For 2024, the company forecasts revenue of 1.035 billion yuan, representing a year-on-year increase of 7.65%, while the net profit attributable to shareholders is projected to be a loss of 76 million yuan, a decline of 88.08% year-on-year [1] - In Q1 of this year, the company reported revenue of 192 million yuan, a year-on-year increase of 3.71%, but a net loss of 22.14 million yuan, which is an increase of 128.04% in losses compared to the previous year [1] Project Development and Future Outlook - The project designation is seen as a comprehensive recognition of the company's capabilities and represents a significant breakthrough in the emerging industry [1] - The company has received multiple project designations since April 24, involving 11 products with project cycles of 3 to 5 years, indicating a strong pipeline for future orders [1] - The company is actively planning products in the low-altitude sector and is increasing business development efforts, with expectations for gradual commercialization as the low-altitude market develops [1]