Core Viewpoint - The company has developed aerospace-grade MAM products using proprietary PI composite film technology, which has good dimensional stability and high-temperature sealing performance, filling a domestic gap in the market [1] Group 1: Product Development - The aerospace MAM products are currently applied in China's launch vehicles [1] - The wide PI film for satellites has been certified, and the CPI film for low Earth orbit satellite flexible solar wing packaging has been adopted by leading commercial aerospace companies and is currently under in-orbit evaluation [1] - The company is actively developing atomic oxygen-resistant PI films to enhance the durability of low Earth orbit satellites and spacecraft against atomic oxygen impact, thereby extending their operational lifespan [1] Group 2: Market Position - Despite the advancements, the overall demand in the aerospace sector is limited, resulting in these products currently contributing a small share to the company's revenue, primarily through project collaboration and research and development models [1]

Industry Overview - The ice and snow economy is experiencing significant growth, with domestic ice and snow equipment entering a period of technological breakthroughs, integrating aerospace materials and energy-saving designs [1] - The industry chain is undergoing a comprehensive upgrade as new technologies move from laboratories to snowfields [1] Equipment Development - In the Hebei Xuanhua Economic Development Zone, a specialized company has developed a ski lift that has overcome core technologies such as infinite rope traction, resulting in significant cost advantages, with orders scheduled until July 2026 [4] - The domestic production rate of ski lift equipment has reached over 80%, greatly reducing investment costs for snowfields [6] - A new fan design, developed by a team that previously worked on aircraft propellers, has reduced the motor power by 3000 watts per unit while maintaining the same wind pressure and efficiency, leading to energy savings and lower operational costs [10] Snowmaking Technology - The production facility is preparing to ship snowmaking machines that cover nearly half of the national snowfields, including the development of fully automatic snowmaking machines that consume less energy [11] - A new lightweight ski board has been developed, weighing 1.8 kg compared to the normal 2.5 kg, and is priced at half the cost of foreign brands [13][14] Smart Equipment - A new production line in Harbin has rapidly transitioned from design to operation in under six months, focusing on the latest smart color-changing ski goggles [15] - These goggles utilize aerospace-grade smart materials, allowing the lenses to adjust brightness automatically in less than a second, suitable for various lighting conditions [18] Market Outlook - China has established a comprehensive product system for ice and snow equipment, covering all aspects from individual use to venue requirements, and from competitive sports to recreational activities [20] - According to the "China Ice and Snow Industry Development Research Report (2025)," the scale of China's ice and snow industry is expected to exceed 1 trillion yuan by 2025 [20]

Core Viewpoint - The company has established a partnership with aerospace technology and aerospace industry groups, becoming a qualified supplier of high-temperature alloys and other materials for critical aerospace components [2] Group 1: Company Developments - The company has collaborated with institutions under the aerospace technology and aerospace industry groups [2] - It has become a qualified supplier of high-temperature alloys, which are essential for manufacturing components such as solid rocket engine casings and liquid rocket engine hot-end parts [2] - The company is involved in the trial production and delivery of special alloy products used in various models of aerospace engines and equipment [2]

Core Viewpoint - The company has developed high-strength, high-conductivity copper alloy materials, particularly chromium-zirconium copper and copper-chromium-niobium, which are ideal for the inner wall of liquid rocket engine thrust chambers due to their high-temperature stability, heat resistance, and superior thermal conductivity [2] Group 1 - The liquid rocket thrust chamber inner wall materials must withstand combustion temperatures of thousands of degrees while also having excellent thermal conductivity to protect the engine structure [2] - The company aims to reduce unit costs through large-scale production, which is a crucial strategy to address domestic and international industry competition [2] - Major clients of the company include Blue Arrow Aerospace, Jiuzhou Yunjian, Star Glory, and Deep Blue Aerospace [2]