研报掘金丨国泰海通：予中航机载“增持”评级，目标价15元

Group 1 - The core viewpoint of the article is that China Aviation Industry Corporation (中航机载) plans to acquire a stake in Hangtou Yuhua Partners, which holds equity in five core enterprises within the airborne industry chain, aiming to enhance its industry chain layout and strengthen synergies [1] - The company's revenue for the first three quarters showed a slight increase, indicating potential for dual-driven growth [1] - Short-term focus should be on cash collection management, while long-term prospects look promising due to the dual-driven growth from its main business and acquisitions, which may support its growth potential [1] Group 2 - Based on comparable company PE valuations and its technological advantages in electronic information technology and intelligent systems, the company is estimated to have a target price of 15 yuan, with a "buy" rating based on a 2025 PE of 65.22 times [1]