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中航重机:三季度业绩短期承压 航空装备列装提速长期潜力可期
Zheng Quan Shi Bao Wang· 2025-10-30 12:22
Core Insights - 中航重机 reported a revenue of 7.776 billion yuan and a net profit of 616 million yuan for the first three quarters of 2025, with R&D investment reaching 458 million yuan, a year-on-year increase of 9.43%, laying a solid foundation for future development [1] - The company inaugurated the "Advanced Aviation Forging and Casting Technology Innovation Center," aiming to support high-quality development in the modern aviation industry and advance research in cutting-edge aviation technology [1] Group 1 - 中航重机 signed a cooperation memorandum with Jintian Technology to deepen their collaboration, which has lasted for 12 years, starting from the aviation titanium material supply business [2] - The partnership will expand to cover material R&D, industry chain integration, and capital cooperation, effectively reducing production costs and enhancing overall competitiveness [2] - Despite short-term fluctuations in operational data, the company is expected to benefit from the accelerated deployment of aviation equipment and potential reforms in the aviation supply chain, which may enhance market share [2] Group 2 - 中航重机 is actively advancing the layout and mass production of large and medium-sized high-value-added forgings, which are expected to gradually improve overall profitability [3] - The company has gained supplier qualification from 46 clients, including major players like COMAC and Safran, and aims to further expand its market presence in aviation forgings and gas turbine markets [3] - The expected production capacity for the C919 aircraft has been raised to 75 units per year, reflecting a positive long-term trend in the global civil aviation market [3]