研报掘金丨方正证券:维持中航西飞“推荐”评级,盈利能力保持稳定
Ge Long Hui A P P·2025-12-18 08:13

Core Viewpoint - The report from Founder Securities indicates that AVIC Xi'an Aircraft Industry Group is expected to achieve 23 billion in related transactions over the next 26 years, with stable profitability maintained [1] Group 1: Financial Performance - The company has maintained steady growth in its performance for the first three quarters, with military aircraft tasks completed on schedule and civil aircraft products delivered as planned [1] - Projected net profits attributable to shareholders for the years 2025 to 2027 are estimated to be 1.131 billion, 1.321 billion, and 1.592 billion respectively, with corresponding EPS of 0.41, 0.47, and 0.57 [1] Group 2: Product Strength and Market Position - The company's military aircraft products are well-recognized, and its civil aircraft products have received high praise from customers, enhancing its brand image both domestically and internationally [1] - The company is actively involved in the development of new domestic large aircraft models, being selected as a supplier for key components of the C929 aircraft [1] Group 3: Future Outlook - The company is expected to open up opportunities for military trade exports due to its strengthened market position and product recognition [1] - The projected price-to-earnings ratios for the years 2025 to 2027 are 59.14, 50.63, and 42.00 respectively, maintaining a "recommended" rating [1]

Founder Securities-研报掘金丨方正证券:维持中航西飞“推荐”评级,盈利能力保持稳定 - Reportify