HYATECH(SH:688510) Xin Lang Cai Jing·2025-12-23 08:25Core Viewpoint - The company, Hangya Technology, is positioned as a key player in the aviation engine and medical device sectors, benefiting from its advanced manufacturing capabilities and international client base, while also gaining from the depreciation of the Chinese yuan. Group 1: Company Overview - Hangya Technology is a domestic enterprise capable of mass-producing compressor blades using precision forging technology, supplying major international engine manufacturers such as Safran, Rolls-Royce, and GE Aviation [2] - The company has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, indicating its strong market position and technological capabilities [3] - The company has established a manufacturing system for medical orthopedic joint forgings and is gradually entering the finished product processing field for orthopedic joints [4] Group 2: Financial Performance - As of the 2024 annual report, overseas revenue accounts for 53.54% of total revenue, benefiting from the depreciation of the yuan [4] - For the period from January to September 2025, the company achieved operating revenue of 530 million yuan, a year-on-year increase of 1.95%, while net profit attributable to shareholders decreased by 16.04% to 77.87 million yuan [9] Group 3: Market Position and Trading Activity - The company operates in the midstream of the aviation supply chain, directly selling key components such as blades and structural parts to engine manufacturers [2] - The stock has a current average trading cost of 24.46 yuan, with recent trading activity showing a decrease in holdings but at a slowing rate, indicating potential for range trading between resistance at 25.31 yuan and support at 22.80 yuan [7]