Core Viewpoint - Aerospace Universe (688523) announced that its subsidiary, Hunan Feiyu Aviation Equipment Co., Ltd., won a bid for a project with a value of 246 million yuan, focusing on aviation equipment for the domestic market [1][2]. Group 1: Company Overview - Aerospace Universe specializes in aerospace products, satellite communication, and testing equipment, providing technical solutions and manufacturing services for research and production tasks in the aerospace sector [1]. - The company is involved in the domestic aircraft industry chain, participating in the delivery of equipment and components for commercial aircraft such as C909, C919, and C929, as well as military and unmanned aircraft [1]. Group 2: Partnership and Financial Performance - Hunan Feiyu, a joint venture established in 2019 between Aerospace Universe (65% ownership) and Shanghai Aircraft Manufacturing Co., Ltd. (35% ownership), focuses on aircraft component production and assembly [2]. - Hunan Feiyu's revenue exceeded 100 million yuan in 2023, with a net profit of 11.07 million yuan, and is projected to achieve 194 million yuan in revenue and 28.61 million yuan in net profit in 2024 [2]. Group 3: Project Details - The recent project involves the production of metal/composite material component forming equipment, integrated forming equipment for large composite parts, assembly frames, and automated production lines, among other services [2]. - Hunan Feiyu aims to enhance its research in tooling and address long-term development challenges while meeting market demands through high-precision manufacturing and complex structure testing capabilities [2]. Group 4: Future Outlook - The successful completion of the project is expected to positively impact the company's operating performance, although a formal contract has yet to be signed, and the execution may be subject to unforeseen circumstances [3].