GLAVI(SZ:300900) Zheng Quan Shi Bao Wang·2025-12-15 02:31Core Viewpoint - Guanglian Aviation is actively expanding its business into the commercial aerospace sector through strategic acquisitions and partnerships, focusing on high-potential and high-value areas while maintaining its core operations in the aerospace industry [1][3]. Group 1: Company Overview - Guanglian Aviation is involved in multiple large aircraft development projects, including being a supplier for the C919 large passenger aircraft and the AG600 amphibious aircraft assembly line [1]. - The company has established a comprehensive production base in key aerospace cities such as Harbin, Shenyang, Xi'an, and Chengdu, creating a nationwide industrial support network [1]. Group 2: Strategic Initiatives - The company aims to transition from a high-end component supplier to a full-space equipment solution provider, focusing on technology integration across various fields [2]. - Guanglian Aviation signed a share acquisition agreement to acquire 51% of Tianjin Yuefeng, a move to solidify its position in the commercial aerospace sector [2][3]. Group 3: Market Position and Competitive Landscape - The commercial aerospace sector is characterized by a competitive landscape where state production leads, and private enterprises are emerging, focusing on reliability, lightweight, low-cost, and scalable delivery capabilities [3]. - Tianjin Yuefeng is positioned as a leading private supplier in the aerospace sector, with strong capabilities in technology maturity, delivery assurance, and customization [3]. Group 4: Future Outlook - The company has established strategic partnerships with industry leaders like Gongda Satellite, providing core structural components for satellites and aiming to cover major domestic rocket models [4]. - Guanglian Aviation is focused on expanding its capabilities in rocket structural components and satellite core parts, leveraging its expertise in composite materials and precision manufacturing [4]. - The C929 project is currently in the research and development phase, with the company working closely with key partners to secure large orders as the project progresses towards industrialization [4].