Group 1 - The Beijing Aircraft Engine Maintenance Project has been completed, covering an area of nearly 60,000 square meters, and is expected to begin maintenance on its first aircraft engine by the end of the year, promoting high-level aviation maintenance, high-end manufacturing, aviation services, and technological research and development in the capital airport's economic zone [1] - The project is a joint investment by Air China and Rolls-Royce, featuring facilities such as the main overhaul workshop, test cell, oil pump room, and storage [1] - The total investment for the project is approximately 2.242 billion yuan, with the capacity to support up to 250 engines for maintenance annually and an expected workforce of 800, providing world-class maintenance, repair, and overhaul services for various Rolls-Royce engine models [1] Group 2 - The project is currently in the final preparation stage for production, with top-tier maintenance and testing equipment set to be installed, and technical and production teams preparing for in-depth training and process rehearsals [1] - The project aims to obtain CAAC/EASA airworthiness maintenance certification by the end of the year, with the first aircraft engine maintenance expected to commence at that time [1] - The Beijing Aircraft Engine Maintenance Project will effectively fill the gap in the maintenance of Rolls-Royce Trent series engines in mainland China [2]

Company Overview - AVIC Xi'an Aircraft Industry Group Co., Ltd. (AVIC Xifei) was established on June 18, 1997, and became the first listed company in China's aviation manufacturing industry on June 26, 1997 [2][3] - The company primarily engages in the research, production, maintenance, and service of large and medium-sized aircraft and aviation components, with significant partnerships with Airbus, Boeing, and COMAC [3][4] Industry Context - The aviation industry is a strategic high-tech sector in China, characterized by high knowledge and technology intensity, with strong employment absorption capacity [4][5] - The company is a major manufacturer of military transport aircraft, bombers, and special-purpose aircraft, focusing on high-quality, efficient, low-cost, and sustainable development [5][6] Future Outlook and Strategic Planning - The company aims to focus on aircraft research, production, maintenance, and services, enhancing technological innovation and achieving breakthroughs in key technologies [6][7] - During the 14th Five-Year Plan period, the company plans to diversify its product structure and strengthen its core capabilities in military and civil aviation, as well as aviation maintenance and service [6][7] Unmanned Aerial Vehicle (UAV) Development - The company has the technical reserves and operational capabilities for UAV development and will conduct research based on national needs while monitoring market conditions [6][7] Composite Materials Advantage - The company has achieved significant advancements in composite materials, leading the industry in various aspects such as products, technology, and production capacity [7] - It aims to expand the application of composite materials in aerospace, deep-sea, railways, and unmanned equipment, enhancing market competitiveness and optimizing industrial structure [7]