Core Viewpoint - The company, Lian Shi Aviation Technology Co., Ltd., has undergone a restructuring process, resulting in a significant increase in its registered capital and total share capital following the approval of its restructuring plan by the Chengdu Intermediate People's Court [1][2]. Group 1: Restructuring Process - On September 23, 2025, the company received a civil ruling from the Chengdu Intermediate People's Court accepting its restructuring application [1]. - On November 12, 2025, the court approved the restructuring plan, leading to the termination of the restructuring process and the commencement of the execution phase [1]. - As of November 27, 2025, the company completed the transfer of 522,987,424 shares, increasing its total share capital from 873,100,876 shares to 1,396,088,300 shares, and its registered capital from 873,100,876 yuan to 1,396,088,300 yuan [1]. Group 2: Changes in Corporate Structure - On December 12 and December 23, 2025, the company held board and shareholder meetings to approve changes to its registered capital and amendments to its articles of association [2]. - The company completed the necessary business registration changes on January 6, 2026, and received a new business license from the Xi'an Administrative Approval Service Bureau [2]. - The updated corporate registration information includes a registered capital of 13,960,883,300 yuan and a business scope that encompasses the development, manufacturing, and sales of various aviation components and related services [2].

Group 1 - The core viewpoint of the news highlights the significant increase in the financial performance of Aileda, with a notable rise in revenue and net profit for the period from January to September 2025 [2] - Aileda's stock price increased by 3.07% on January 6, with a trading volume of 776 million yuan, indicating strong market interest [1] - The financing data shows that Aileda had a net financing purchase of 12.07 million yuan on January 6, with a total financing balance of 383 million yuan, which is at a high level compared to the past year [1] Group 2 - As of September 30, 2025, Aileda's total revenue reached 350 million yuan, representing a year-on-year growth of 75.75%, while the net profit attributable to shareholders was 46.75 million yuan, reflecting a substantial increase of 350.82% [2] - The number of Aileda's shareholders decreased by 2.74% to 28,700, while the average number of circulating shares per person increased by 2.80% to 9,275 shares [2] - Aileda has distributed a total of 223 million yuan in dividends since its A-share listing, with cumulative distributions of 87.95 million yuan over the past three years [2]

眉山资阳以特色布局拓展产业维度 在成都都市圈航空航天产业版图中，眉山与资阳立足自身优势，分别在卫星产业与航天装备制造领域形 成特色布局，成为产业协同发展的重要支撑极。眉山凭借"成都区位、眉山成本"的叠加优势，聚焦卫星 产业生态构建；资阳则依托临空经济区，在火箭总装、卫星制造等领域持续发力，共同推动都市圈产业 布局不断完善。 "此次环天智慧与星元空间的深度合作，以卫星联合发射与数据应用为抓手，完善成都都市圈空天信息 产业链条，旨在把天上的数据真正用起来，形成'卫星发射—数据采集—智能分析—场景应用'的完整闭 环。"成都锦江区星元空间副总经理阳艳介绍。 转自：成都日报锦观 航空航天产业"星耀都市圈" 在核心零部件制造领域，德阳已形成成体系的配套能力，涵盖飞机框、梁、肋、壁板等结构件加工，航 空发动机锻件制造、精密加工，以及航空材料检验检测等全链条环节。 深耕航空航天高端锻件领域的四川德兰航宇就是其中典型代表。该公司在德阳建成智能化生产线，实现 制造全过程可控化与数字化，产品已应用于超70个航空发动机型号，其中就包括世界推力最大的商用航 空发动机GE9X，同时为国产大飞机长江1000发动机等重点项目提供核心配套支持 ...

Core Viewpoint - The successful acquisition of the CAAC-PMA certificate by Aviation Industry Electric Measurement marks a significant milestone, allowing the company to enter the civil aviation parts market [1] Group 1: Certification Achievement - The Civil Aviation Administration of China (CAAC) has granted the PMA certificate for the ball transfer unit product to Aviation Industry Electric Measurement [1] - This is the first PMA certificate obtained by Electric Measurement, symbolizing its official entry into the civil aviation parts market [1] Group 2: Implications of the Certification - The certificate represents authoritative recognition of Electric Measurement's design and research capabilities, quality control systems, and production processing levels by the Civil Aviation Northwest Regional Administration [1] - This achievement lays a solid foundation for Electric Measurement to expand its presence in the civil aviation parts market and supports its ongoing efforts in the localization process within the aviation manufacturing sector [1]

证券日报网讯12月26日，神剑股份（002361）在互动平台回答投资者提问时表示，公司3D打印技术主 要应用于航空零部件产品，目前未涉及火箭发动机领域。 ...

Group 1 - The core viewpoint of the article is that Shenjian Co., Ltd. (002361.SZ) primarily applies its 3D printing technology to aerospace component products and has not yet ventured into the rocket engine sector [1]

证券日报网讯 12月25日，西子洁能在互动平台回答投资者提问时表示，西子航空是大股东西子电梯旗 下的重要业务板块，主要从事飞机零部件制造，包括机体结构件、复合材料制件、钣金零件、航空新型 紧固件等，也是C919大型客机机体结构一级供应商，并为空客、波音、庞巴迪、中国商飞、中航工业 等国内外优秀的飞机制造商提供优质的产品与服务。 （编辑 任世碧） ...

Group 1 - The core viewpoint of the article highlights that Xiling Power (300733.SZ) specializes in the processing of aviation components, which include structural parts, sheet metal parts, system components, shaft components, and drone fuselages [1] - The company's products are primarily used in both civil and military aircraft applications [1]

Investment Rating - The report gives a "Buy" rating for the company, Hangya Technology (688510.SH), with a target price of 31.2 yuan based on a 40x valuation for 2026 [2][4][15]. Core Insights - Hangya Technology focuses on precision forging technology, specializing in key components for aircraft engines and medical orthopedic implants. The company has established a strong position in the aircraft engine parts sector since its listing on the Sci-Tech Innovation Board in 2020 [1][4][17]. - The company reported revenues of 530 million yuan and a net profit of 78 million yuan for the first three quarters of 2025, reflecting a year-on-year increase of 1.95% in revenue but a decrease of 16.04% in net profit [1][31]. - The demand for international commercial aircraft engines is increasing, and Hangya Technology has positioned itself advantageously to meet this demand by becoming a reliable supplier for major players like CFM [1][39][44]. Summary by Sections 1. Company Overview - Hangya Technology is centered on precision forging technology, focusing on critical components for aircraft engines and medical implants. The company has made significant advancements in manufacturing techniques since its establishment in 2013 [1][17][20]. 2. Market Demand and Positioning - The international commercial aircraft engine market is characterized by a few dominant players, with CFM leading in delivery volumes. Hangya Technology has successfully positioned itself as a key supplier amid supply chain disruptions [1][39][44]. - CFM is actively seeking domestic suppliers to alleviate supply chain pressures, which presents opportunities for Hangya Technology to expand its market share [1][45][47]. 3. Growth Drivers - The company is experiencing growth across multiple sectors, including domestic aircraft engines, gas turbines, and medical products. Collaborations with major clients like GE and domestic aerospace firms are expected to drive future revenue growth [1][2][11][57]. - The domestic aviation market is projected to grow significantly, with increasing demand for new aircraft, which will benefit Hangya Technology's operations [1][57][59]. 4. Financial Projections - Revenue forecasts for Hangya Technology indicate growth from 817 million yuan in 2025 to 1.512 billion yuan by 2027, with corresponding net profits expected to rise from 130 million yuan to 290 million yuan during the same period [2][15][31]. - The company's earnings per share (EPS) are projected to increase from 0.51 yuan in 2025 to 1.13 yuan by 2027, reflecting strong growth potential [2][15]. 5. Strategic Collaborations - Hangya Technology has established strategic partnerships with key industry players, enhancing its production capabilities and market reach. The collaboration with CFM and other international clients is expected to solidify its position in the market [1][49][54].

Group 1 - The export value of high-tech products in China reached 5.7 trillion yuan in the first 11 months, showing a year-on-year growth of 7.4%, with notable performance in biotechnology, electronics, and aerospace technology [1] - In Suzhou, over 100 aerospace-related enterprises are concentrated in the industrial park, contributing to the growth of high-value-added product exports [1] - A local aircraft parts company reported an increase in high-difficulty, high-value orders, leading to a steady rise in export scale [3] Group 2 - A Suzhou-based aircraft maintenance company is engaged in "bonded maintenance," allowing them to inspect and repair foreign aircraft within a special customs supervision area, effectively reducing capital occupation and operational costs [5] - The vice president of Jet Aviation highlighted that a mature engineering team has led to stable production efficiency, accelerating the growth of bonded aviation maintenance and increasing the export of aviation parts [7] - The general manager of Safran's maintenance service in Suzhou noted a doubling of maintenance numbers in 2024 compared to 2023, with a 90% increase in business volume year-on-year, indicating optimism for the future [9] Group 3 - The deputy director of customs in Suzhou Industrial Park reported that the total import and export value of related enterprises reached 16.8 billion yuan from January to October, with a year-on-year growth of 9.7%, maintaining a stable growth trend [11] - The export structure is evolving, with a focus on core products such as aircraft structural components and engine parts, which account for 90% of exports [11]