Ge Long Hui A P P·2025-12-18 07:24Core Viewpoint - The report from Guojin Securities highlights that AVIC Chengfei has laid out plans for the Haolong spaceplane, marking a significant advancement for the leading aerospace manufacturer in the commercial space sector [1] Group 1: Company Overview - Haolong is China's first independently developed reusable cargo spaceplane, designed and developed by Chengfei, aimed at creating a low-cost transportation system for commercial space stations [1] - The Haolong spaceplane possesses unique advantages of low cost, high efficiency, and flexibility, positioning the company favorably in the aerospace market [1] Group 2: Industry Implications - As a leading aerospace manufacturer, the company is expected to leverage the Haolong spaceplane to successfully enter a new layout in the commercial aerospace field [1] - The integration of research and production within the company, with Chengfei responsible for design and the company handling large-scale commercial production, enhances its competitive edge [1] - The company is identified as a rare innovative aerospace manufacturer in China, with prospects for accelerated development in both domestic and military trade sectors [1]