Xin Lang Zheng Quan·2025-08-31 14:52Core Viewpoint - The online performance exchange meeting held by Chengfei on August 29, 2025, highlighted the company's challenges in revenue and profit for the first half of the year, while outlining strategies for cost management and future growth in various sectors, including military trade and supply chain management [1]. Group 1: Financial Performance - In the first half of 2025, Chengfei experienced a year-on-year decline in both revenue and profit, primarily due to low sales in the first quarter when the company was in the component production phase, contrasted with a high delivery base in the first quarter of 2024 [1]. - Although the second quarter saw an improvement in revenue due to the commencement of delivery cycles, the cumulative deliveries for the first half still did not reach the levels of the same period last year [1]. Group 2: Cost Management Strategies - The company emphasizes cost control by developing annual specialized plans integrated into its operational strategy, focusing on enhancing material and equipment utilization through process research and optimization [1]. - Chengfei plans to address cost management pain points and promote cost reduction through multi-business domain collaboration [1]. Group 3: Military Trade Developments - Chengfei has over 40 years of experience in military trade and has seen increased attention on military trade products since the regional conflicts began in May, leading to multiple foreign visits and participation in exhibitions [1]. Group 4: Subsidiary Development - Following its restructuring and listing, Chengfei has shifted its main business focus to aircraft equipment, enhancing its industrial chain and control capabilities, with subsidiaries like Guifei and Guochuang Center forming a comprehensive industrial layout [1]. Group 5: Supply Chain Management - Chengfei has developed an integrated capability of "production, preparation, and maintenance" through its business layout, leveraging its complete equipment to drive the "1+1+N" model for creating an aviation industrial park [1]. - The company is building an efficient supplier management system to ensure supply chain stability [1]. Group 6: "14th Five-Year" Planning - During the "14th Five-Year" period, Chengfei aims to establish a coordinated development framework led by technological innovation across defense equipment, civil aviation, and military product trade, while enhancing organizational transformation to become a world-class high-tech aviation enterprise [1]. Group 7: Capital Operations Plan - The company is attentive to capital market dynamics and plans to strategize refinancing in alignment with its "14th Five-Year" layout, while also establishing long-term incentive mechanisms to align the interests of management, employees, and the company [1].