GATD(SH:688239) Ge Long Hui·2026-02-12 08:52Core Viewpoint - The company, Hangyu Technology (688239.SH), has a strong order backlog, with total orders amounting to 5.968 billion yuan as of June 30, 2025, indicating robust business prospects in the aerospace sector [1] Group 1: Order Backlog - The company has a sufficient order backlog, with total orders reaching 5.968 billion yuan [1] - Customer orders total 2.938 billion yuan, reflecting a year-on-year increase of 8.13% [1] - Estimated long-term contract orders amount to approximately 3.030 billion yuan, representing a year-on-year increase of 44.84% [1] Group 2: Business Performance - The aerospace engine business is the core segment of the company, with products applied in key areas of various commercial engines domestically and internationally [1] - The company is a major developer of ring forgings for the CJ1000/2000 series engines, holding significant shares in critical components such as high and low-pressure turbines and combustion chambers [1] - Recently, the company received the "Outstanding Collective Award for Significant Contributions to the Changjiang Project Phase I" from China Aviation Engine Corporation [1] Group 3: Collaborations - In the gas turbine sector, the company collaborates with major firms including Dongfang Electric, Shanghai Electric, Harbin Electric, Baker Hughes, and GE [1]