Ge Long Hui A P P·2025-12-25 05:32Core Viewpoint - Guokong Precision Engineering's subsidiary, the Axle Research Institute, is a leading manufacturer of special bearings for aerospace, aviation, naval, and nuclear industries in China, achieving a domestic leading technical level with a key product matching rate of approximately 90% in the aerospace sector [1] Group 1 - The company has successfully completed significant milestones in China's space development history, including projects like "Dongfanghong," "Changzheng," "Shenzhou," "Chang'e," and "Tianwen" [1] - Since 2023, the company has started generating revenue from heat dissipation and optical windows, with expectations to exceed 10 million yuan by 2025 [1] - The current application areas are primarily in non-civilian sectors, while civilian applications are in the testing phase with leading domestic manufacturers, indicating potential breakthroughs in the future [1] Group 2 - The company is viewed positively for its long-term development in aerospace special bearings and diamond functional applications, receiving an initial "Buy" rating [1]