9月29日，2025辽宁省航空产业发展大会暨沈阳法库国际飞行大会的重要子活动——先进航空制造 技术与装备发展专题会议在沈阳召开。 本次会议以"做强航空产业，壮大发展动能"为主题，由辽宁省航空产业发展促进会主办，中国航空 工业集团沈飞承办，邀请众多行业内顶尖专家，围绕先进制造技术突破，在航空复合材料、先进制造技 术、智能装配等关键领域分享前沿技术成果与实践经验，旨在广泛汇聚智慧、激发创新活力，携手共促 产业技术升级，加快培育更多航空新质生产力，为航空强国，东北、辽宁全面振兴贡献更大力量。 辽宁是新中国航空工业的重要发源地，航空产业基础雄厚、创新活力充沛、区位优势突出，拥有较 为完善的航空装备产业链和丰富的人才资源。近年来，辽宁坚持科技创新与产业创新深度融合，加快产 业转型升级，发展航空产业时至势成、前景无限。 副省长王利波出席活动并致辞。 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [2] Core Views - The company reported a revenue of 19.416 billion yuan in the first half of 2025, a year-on-year decrease of 4.49%, while the net profit attributable to shareholders was 689 million yuan, an increase of 4.83% year-on-year [7] - The company is a core supplier of civil aircraft components and is actively participating in international cooperation and subcontracting work [7] - The company is expected to achieve revenues of 45.809 billion yuan, 49.473 billion yuan, and 53.926 billion yuan for the years 2025, 2026, and 2027 respectively, with net profits of 1.108 billion yuan, 1.174 billion yuan, and 1.270 billion yuan for the same years [7] Financial Performance - In the first half of 2025, the company achieved a gross profit margin of 7.27%, an increase of 2.36 percentage points year-on-year, and a net profit margin of 3.55%, an increase of 0.32 percentage points year-on-year [7] - The company's revenue growth rates are projected to be 7.0% in 2023, 7.2% in 2024, 6.0% in 2025, 8.0% in 2026, and 9.0% in 2027 [6][8] - The earnings per share (EPS) are expected to be 0.40 yuan in 2025, 0.42 yuan in 2026, and 0.46 yuan in 2027 [6][8] Market Performance - The company's stock price closed at 28.09 yuan as of August 27, 2025 [2] - The company has shown a market performance of -9% over the last 12 months compared to the CSI 300 index [4]