Xin Lang Zheng Quan·2026-01-07 15:38Group 1 - The company held a roadshow on January 7, 2026, in Shanghai, engaging with 32 institutional investors to discuss key issues related to Tianjin Yuefeng's capacity planning, order prospects, customer structure, technical barriers, and progress in commercial aerospace business [1] Group 2 - Tianjin Yuefeng's current production capacity can reach 50-70 tanks annually with full equipment configuration, and the company has established a core team for talent development to support expansion plans [2] Group 3 - The forecast for Tianjin Yuefeng's tank orders from 2025 to 2030 is optimistic due to increasing rocket launch volumes driven by satellite internet constellation construction and commercial aerospace market trends, although risks such as delayed first flights and competition exist [3] Group 4 - The customer structure is diversified, with a high proportion of revenue from national tasks and significant breakthroughs in commercial aerospace, including being a core supplier for Tianbing Technology [4] Group 5 - The company highlighted the technical barriers in the commercial rocket tank manufacturing field, which require long-term accumulation and validation, presenting multiple challenges for new entrants [5] Group 6 - The commercial aerospace business is still in the expansion phase, with revenue contributions yet to be fully realized, and the company is involved in several projects with leading commercial aerospace firms [6]