Core Insights - The 2025 Asia General Aviation Exhibition opened in Zhuhai, Guangdong, showcasing China Aviation Engine Corporation's (AVIC) advancements in general aviation power solutions with a focus on new technologies and products [1][2] Group 1: Product Showcase - AVIC presented 58 types of general aviation power products, including 29 new products such as the ATP120 engine and various hybrid and electric propulsion systems [1] - The ATP120 engine is a 1200 kW dual-rotor turboprop engine designed for various applications, including general aviation aircraft and unmanned reconnaissance vehicles, with potential for hybrid and hydrogen fuel engine adaptations [1][2] - The AEP60E and AEP100 turboprop engines meet international performance standards and are suitable for drones and general aviation aircraft [2] Group 2: New Technologies - The exhibition featured a pure electric propulsion system designed for vertical takeoff and landing, consisting of multiple components including a variable pitch propeller and power battery system [3] - A megawatt-level hybrid power system was introduced, targeting future green low-carbon electric vertical takeoff and landing aircraft, characterized by high power density and low emissions [3][4] - The intelligent drone inspection system includes a relay drone and task drone, equipped with high-resolution cameras for real-time data transmission [4] Group 3: New Energy Solutions - AVIC highlighted hydrogen fuel and hybrid power products aimed at providing high-quality, low-cost, and environmentally friendly aviation power solutions [4][5] - The megawatt-level hydrogen fuel turboshaft engine has achieved performance benchmarks and is expected to lead to a series of hydrogen-powered products [5] - The 800 kW turbine hybrid energy system is designed for low-altitude urban transport and other applications, while the 3 megawatt turbine hybrid energy system is suitable for various high-performance scenarios [5] Group 4: Innovations in Materials and Processes - The exhibition showcased significant innovations in advanced materials and key components for the general aviation power industry, many of which were presented for the first time [6] - The integrated rotary tilt actuator offers a new architecture for eVTOL systems, enhancing reliability and simplicity compared to traditional systems [6] - A low-cost fuel and control system for unmanned platforms was introduced, significantly reducing costs while improving safety [6]

Group 1 - The company,航发控制, reported that as of November 20, 2025, the number of shareholders is 67,398 [2]

Core Viewpoint - The company clarified that the United Aircraft T1400 is not equipped with the AES100 engine, despite having signed sales and leasing contracts for the AES100 engine with United Aircraft Group and others [1] Group 1: Company Information - The company's wholly-owned subsidiary, China Aviation Engine Southern Industry Co., Ltd., has entered into sales and leasing contracts for the AES100 engine [1] - The company's engine products are expected to enter the market alongside flight platforms as the national low-altitude environment gradually opens up [1] Group 2: Industry Outlook - The development of the company's engine products is anticipated to promote the growth of the low-altitude economy and the general aviation industry [1]

Core Viewpoint - The company, China Aviation Engine Corporation, has approved a proposal for its subsidiary, China Aviation Engine Southern Industrial Co., Ltd., to transfer up to 25 million shares of China Aviation Engine Control Co., Ltd. through a block trade to its controlling shareholder, China Aviation Engine Group Co., Ltd. [2][8] Summary by Sections Meeting Details - The 10th meeting of the 11th Board of Directors was held on November 14, 2025, with all 10 directors present, fulfilling the required quorum [1][3]. Proposal Approval - The board approved the proposal regarding the transfer of shares, with 4 votes in favor and no votes against or abstentions [3][18]. - The proposal had already been reviewed and approved by the independent directors prior to the board meeting [4][17]. Transaction Overview - The subsidiary plans to transfer up to 25 million shares of China Aviation Engine Control Co., Ltd., which represents approximately 13.78% of the total shares held by the subsidiary [8][11]. - The transaction will be conducted as a block trade and does not constitute a major asset restructuring as defined by regulations [8][15]. Related Party Information - The transaction involves China Aviation Engine Group Co., Ltd., which is the actual controller and major shareholder of the company, thus qualifying as a related party transaction [9][10]. Financial and Regulatory Aspects - The transfer price will be determined based on market conditions, with a minimum price set at 90% of the previous day's closing price [13]. - The transaction is expected to improve the cash flow and financial condition of the subsidiary without significantly impacting the company's overall operations [15].

Group 1 - The company announced that its subsidiary, China Aviation Engine Southern Industry Co., Ltd., plans to transfer up to 25 million shares of Aviation Power Control Co., Ltd. to its controlling shareholder, China Aviation Engine Group Co., Ltd. [1]

Core Viewpoint - The company announced that its subsidiary, Southern Company, will transfer up to 25 million shares of Aviation Power to its controlling shareholder, China Aviation Power, through a block trade [1] Group 1: Company Actions - The board of directors approved the transfer of shares at the tenth meeting of the eleventh session on November 14, 2025 [1] - Southern Company currently holds 18.12 million shares of Aviation Power, accounting for 13.78% of the total share capital [1] Group 2: Financial Performance - Aviation Power reported a revenue of 5.481 billion yuan and a net profit of 755 million yuan for the year 2024 [1] - For the first nine months of 2025, the company achieved a revenue of 3.968 billion yuan and a net profit of 405 million yuan [1] Group 3: Transaction Details - The share transfer does not constitute a major asset restructuring [1] - There are risks associated with the transaction, including the possibility of it not being implemented or fully executed due to market price fluctuations [1]

Core Viewpoint - The article commemorates Wang Xinmin, the first director of China Aviation Engine Corporation (AVIC) Li Yang Power, highlighting his significant contributions to the development of aviation engines in China and his dedication to the industry throughout his life [1][2][3]. Group 1: Early Life and Career - Wang Xinmin was born in 1925 in Suzhou, Jiangsu, and actively participated in anti-Japanese movements during his youth, later joining the Communist Party in 1945 [1][2]. - In 1954, he responded to the call for building the aviation industry in China and moved to Shenyang to contribute to the nascent aviation engine sector [2][3]. Group 2: Contributions to Aviation Engine Development - In 1966, Wang was appointed to establish the Li Yang Engine Factory in Guizhou, where he led the construction and production efforts under challenging conditions [2][4]. - He emphasized the importance of core technology and innovation, advocating for practical improvements based on frontline production experiences [5][6]. - Wang played a crucial role in the development of the WP-13 engine, which was successfully integrated into the J-7E fighter aircraft, marking a significant achievement for the factory [6][8]. Group 3: Legacy and Impact - Under Wang's leadership, the Li Yang factory became a key player in China's aviation engine production, establishing a comprehensive design, manufacturing, and quality management system over 60 years [8][9]. - Wang's commitment to the workforce included personal sacrifices, such as providing support to employees and their families during difficult times [9][10]. - His vision for the future of the aviation industry in China was encapsulated in his encouragement for the next generation to continue striving for excellence and contributing to national defense and economic development [13][14].

Group 1 - The first flight test of China's self-developed 3D printed turbojet engine has been successfully completed, marking a significant breakthrough in the engineering application of 3D printed engines [2] - Yushu Technology launched its first wheeled humanoid robot, G1-D, which features a high-performance humanoid body and a comprehensive data collection and model training solution, with a height range of approximately 1260-1680mm and a maximum speed of 1.5m/s for the flagship version [2] - Yushu Technology's patent for a multi-floor composite navigation method and device for robots has been authorized, significantly improving the information retention and optimal path planning in multi-floor navigation scenarios [2] - Kailong High-tech introduced the "Huilingjia" robot series at the 2025 International Internal Combustion Engine and Power Equipment Expo, showcasing humanoid robots with high dynamic motion capabilities and multi-legged robots with strong adaptability in harsh environments [2]

Core Viewpoint - The article emphasizes the proactive role of Shenwan Hongyuan Group in supporting national strategies through diversified financial services, focusing on technology finance, inclusive finance, green finance, pension finance, and digital finance, thereby contributing to high-quality economic development [1][19]. Group 1: Technology Finance - Shenwan Hongyuan Group has invested in high-end engine development for commercial aviation, supporting the C919 aircraft's engine projects, which ensures long-term funding for domestic aviation engine independence [3]. - The group is also involved in low-altitude economy initiatives, financing the W5000 unmanned cargo aircraft, which sets a benchmark in low-altitude logistics with its payload and range capabilities [3]. - Additional investments include support for Tianbing Technology, which has achieved significant milestones in commercial spaceflight, enhancing China's capabilities in satellite launches [5]. Group 2: Inclusive Finance - The group has partnered with Shanghai Construction Group to develop over 1,400 affordable rental housing units in Shanghai, benefiting new citizens and young people [10]. - Collaborations in urban renewal projects in Beijing and Chengdu aim to improve living conditions and upgrade old neighborhoods, aligning with the "housing for all" commitment [10]. - Financial support for small and micro enterprises has been emphasized, with investments aiding truck drivers and the logistics sector, as well as healthcare initiatives to support the aging population [12]. Group 3: Green and Digital Finance - Shenwan Hongyuan Group's futures division has implemented risk management strategies for various industries, including a notable case in the food sector that received media recognition for its effectiveness in stabilizing operations [14]. - Investments in companies like Xijing Technology focus on smart and green solutions, enhancing operational efficiency in global logistics [16]. - The group has also engaged in financing projects that align with national carbon neutrality goals, contributing to the development of new energy solutions [16]. Group 4: Consumer and Regional Development - The group participated as a strategic investor in consumer REITs, achieving a record subscription rate, indicating a deepening of the REITs market in China [17]. - Investments in regional development projects, such as the establishment of high-standard factories in Suzhou, support the growth of intelligent manufacturing in the Yangtze River Delta [17]. - The collaboration with e-commerce and offline resources aims to unlock consumer potential in the southwest region [17].

中国航发动研所总师办主任米栋表示，本次单发飞行试验成功，表明发动机在更高飞行高度和更复杂环境下的可靠性得到了进一步验证， 检验了发动机与飞行器的适配性，可为巡飞弹、无人机、靶机等平台提供新型动力解决方案，展现出良好的应用前景。 据介绍，该款发动机采用3D打印制造技术，整机超过四分之三重量的零件均采用3D打印制造，大幅减少了零件数量，实现了轻量化、高 性能的设计目标，为下步更高高度与速度飞行打下坚实基础。 记者今天（13日）从中国航发集团获悉，由中国航发自主研制的3D打印极简涡喷发动机，圆满完成首次飞行试验，标志着3D打印发动机 在工程应用领域取得重要突破。 本次飞行试验持续30分钟，飞行高度达6000米，最大飞行速度0.75马赫，发动机全状态工作，各项工作参数无异常，圆满完成我国自主研 制3D打印极简涡喷发动机，首次唯一动力单发飞行试验。 （总台央视记者 崔霞 李宁 吴天白） ...