北摩高科拟定增募资不超19.7亿元 加码起降系统全产业链及民航市场

Core Viewpoint - The company is undertaking a key initiative to respond to the aerospace industry's upgrade and seize market opportunities through a planned capital increase of up to 1.97 billion yuan [4]. Group 1: Investment Projects - The company plans to invest 888 million yuan in the "Takeoff and Landing System Capacity Expansion Project," aiming to enhance high-end forging and precision processing capabilities by extending upstream in the supply chain [1]. - An additional 304 million yuan will be allocated to the "Civil Aviation Product Industrialization Project," which focuses on accelerating the certification and mass production of civil aviation brake and landing gear products [1]. - The total amount to be raised from the issuance of A-shares is not to exceed 1.97 billion yuan, with net proceeds after issuance costs directed towards the aforementioned projects and working capital [4]. Group 2: Strategic Transition - The implementation of these fundraising projects signifies the company's transition from a single "component supplier" to a "system integrator" with full industry chain delivery capabilities [2]. - The company is expected to benefit significantly from three industry boons: military aircraft upgrades, domestic aircraft production, and the explosion of commercial aerospace [2]. Group 3: Market Positioning - The capacity upgrades will help the company reduce intermediate costs and achieve cost reduction and efficiency improvement through a full industry chain layout, thereby consolidating its market share and profitability in the military aircraft takeoff and landing system sector [1]. - The company's technological foundation in carbon-carbon composite materials and high-temperature components will support its future entry into emerging markets such as commercial rocket engine components and satellite structures [1].