AIM(SZ:300446) Xin Lang Cai Jing·2025-12-26 10:52Group 1 - The company serves as the only listed platform for the Aerospace Seventh Academy, focusing on high-performance electronic functional materials, automotive interior and exterior parts, and oil and gas equipment, with expectations for continuous asset injection from the Academy [1] - The Aerospace Seventh Academy has a strong track record in national aerospace projects, contributing significantly to China's space and defense modernization efforts, which positions the company favorably for future growth [1] Group 2 - The core subsidiary, Aerospace Molding, is expanding into new energy self-owned brands and high-end products like smart cockpits, benefiting from favorable policies in the automotive industry, with a 13.2% increase in vehicle production and sales in 2025 [2] - The market share of self-owned brand passenger vehicles has reached 69.4%, with new energy vehicles showing a robust growth of 33.1% in production and sales, accounting for 46.7% of total new vehicle sales [2] - Aerospace Molding has achieved a 61% share of new energy orders in the first half of 2025, indicating a strong alignment with market trends [2] Group 3 - The core subsidiary, Aerospace Energy, is focusing on unconventional oil and gas development, which is a long-term trend, with a market share of 65% in unconventional oil and gas equipment [3] - The company is adjusting its military explosive device production line to accommodate new production tasks, with an expected annual revenue of 150 million from the new high-volume explosive production tasks [3] Group 4 - Profit forecasts for the company indicate a net profit of 938 million, 1.119 billion, and 1.393 billion for the years 2025 to 2027, with corresponding PE ratios of 23, 19, and 15 times, leading to a strong buy recommendation [4]