Haige Communications(SZ:002465) Xin Lang Cai Jing·2025-12-11 14:24Group 1 - The "Jiutian" drone successfully completed its maiden flight on December 11, 2023, and is recognized as a new generation model that fills the market gap for heavy dual-use drones in China [1] - The drone has a length of 16.35 meters, a wingspan of 25 meters, a maximum takeoff weight of 16 tons, and a payload capacity of 6 tons, capable of carrying various types of munitions and has a unique "heterogeneous hive mission cabin" [1] - The drone is produced by Xi'an Chida, a subsidiary of Haige Communication, which has transitioned from a focus on military applications to include civil products [1][2] Group 2 - Xi'an Chida has established a complete industrial chain and has capabilities in the production of large drones and general aviation aircraft [3] - The company has developed a "two locations, five factories, and one center" industrial layout, including several established parks and a planned industrial park and engineering research center [3] - In 2024, Xi'an Chida is expected to hold a 16.1% market share in the core precision structural components for large civil aviation transport aircraft [5] Group 3 - Xi'an Chida's revenue reached 250 million yuan in the previous year, reflecting a year-on-year increase of 38.1%, with a total profit of 69.1025 million yuan, up 23.5% [5] - The company has undergone multiple changes in its shareholding structure and has faced a complex listing process, with Haige Communication becoming the controlling shareholder in 2017 [9][10] - Xi'an Chida was delisted from the New Third Board in 2019 to reduce operational costs and focus on enhancing competitive advantages [12]