Ge Long Hui A P P·2026-01-12 07:55Core Viewpoint - The report from China Merchants Securities indicates that AVIC Xifei has announced related party transaction forecasts, with related procurement remaining at a high level, and demand is expected to continue at elevated levels [1] Group 1: Related Procurement and Sales - The company anticipates related procurement for 2026 to be 21.637 billion, reflecting a slight decrease of 3.78% compared to the expected amount for 2025, yet still maintaining a high operational level [1] - Related sales are projected to be 1.305 billion, which represents a significant decline of 32.7% compared to the previous year's expected amount [1] Group 2: Future Developments - On January 2, 2026, Xinhua News Agency reprinted a commentary from a CCTV special commentator discussing the expected debut of the H-20, suggesting that new models may achieve progress in 2026, potentially bringing new growth opportunities for the company [1] - The company, as the sole manufacturer of transport and bomber aircraft in China, focuses on continuous improvement and series development of aviation products, while enhancing operational efficiency through cost reduction and comprehensive value chain cost management [1] Group 3: Investment Rating - The report maintains a "strongly recommended" rating for the company, reflecting confidence in its future performance and market position [1]