机构评级来看，近5日共有1家机构给予该股评级，预计目标价最高的是国泰海通证券，12月17日国泰海 通证券发布的研报预计公司目标价为15.00元。 据天眼查APP显示，中航机载系统股份有限公司成立于1999年11月26日，注册资本483889.663万人民 币。（数据宝） 12月19日中航机载大宗交易一览 | 成交量（万 | 成交金额（万 | 成交价格 | 相对当日收盘折溢价 | 买方营业 | 卖方营业 | | --- | --- | --- | --- | --- | --- | | 股） | 元） | （元） | （%） | 部 | 部 | | 99.00 | 1149.39 | 11.61 | -11.51 | 机构专用 | 机构专用 | （文章来源：证券时报网） 中航机载12月19日大宗交易平台出现一笔成交，成交量99.00万股，成交金额1149.39万元，大宗交易成 交价为11.61元，相对今日收盘价折价11.51%。该笔交易的买卖双方均为机构专用席位。 进一步统计，近3个月内该股累计发生3笔大宗交易，合计成交金额为2146.09万元。 证券时报·数据宝统计显示，中航机载今日收盘价为13.12元，上涨 ...

Core Viewpoint - The article discusses the development and market potential of aircraft onboard inert gas generation systems (OBIGGS), highlighting the growth in demand driven by the aviation industry's expansion and safety regulations [6][9]. Industry Overview and Statistics - The global market size for aircraft onboard inert gas generation systems was $55.268 million in 2020, projected to reach $92.551 million by 2024, with a compound annual growth rate (CAGR) of 16.02% from 2020 to 2025 [6]. - By 2031, the market is expected to grow to $238.586 million, with a CAGR of 12.74% from 2025 to 2031 [7]. Market Demand and Trends - Global air passenger traffic is expected to exceed 10 billion by 2025, a 6% increase from 2024 and over 16% from 2019, indicating a strong demand for new aircraft [9]. - Boeing forecasts a need for nearly 44,000 new aircraft from 2024 to 2043, while Airbus predicts a demand for 42,430 aircraft during the same period [9]. - The increasing demand for maintenance, repair, and overhaul (MRO) services due to the aging fleet also presents opportunities for OBIGGS systems [9]. Technology and Market Structure - The OBIGGS market is characterized by high technical barriers and limited production companies, with major players including Eaton, Safran Group, Jianghang Equipment, and Air Liquide [10]. - Eaton is the largest producer, with a revenue of $617.54 million in 2024, accounting for 66.72% of the global market [10]. Product Types and Applications - The market is primarily divided into hollow fiber membrane (HFM) OBIGGS, pressure swing adsorption (PSA) OBIGGS, and other systems, with HFM OBIGGS dominating the market at $877.36 million in 2024, representing 94.80% of the total [13]. - HFM OBIGGS systems are noted for their compact structure, lightweight, and high reliability, making them suitable for onboard applications [13]. Industry Characteristics - The industry is highly technology-intensive, requiring deep expertise in air separation and gas purification technologies [14]. - Market demand is closely tied to military and civil aviation sectors, influenced by the number of military aircraft and the delivery of new commercial aircraft [14]. - High entry barriers exist due to stringent safety certifications and significant capital investment required for research and development [14]. Favorable Factors - The recovery of the global civil aviation market and the increase in new aircraft deliveries are driving demand for OBIGGS systems [15]. - Regulatory support from aviation authorities emphasizes the importance of OBIGGS for fuel tank safety, leading to mandatory upgrades [15]. - Technological advancements in materials and processes enhance system efficiency and reliability, stimulating demand for upgrades [15]. Policy Environment in China - The Chinese government supports the aviation industry through funding for research and development, tax incentives, and the establishment of industry standards [17][19]. - Policies encourage innovation and collaboration, enhancing the competitive landscape for domestic companies in the OBIGGS market [17].

Core Viewpoint - The company plans to re-sign the "Entrustment Agreement" with the related party, which involves managing certain enterprises and institutions on behalf of the related party, constituting a related party transaction [1][2][11]. Summary by Sections 1. Overview of Related Party Transaction - The company intends to re-sign the "Entrustment Agreement" with the related party, which is a subsidiary of China Aviation Industry Group, to manage certain enterprises and institutions [1][2]. - This transaction does not constitute a major asset restructuring and requires approval from the shareholders' meeting [1][3]. 2. Transaction Details - The previous "Entrustment Agreement" was terminated due to changes in the signing entity following a merger and name change, as well as internal business integration and strategic adjustments by the related party [2][11]. - The company held a board meeting on June 26, 2025, to approve the re-signing of the agreement, with certain directors abstaining from the vote due to their related party status [2][12]. 3. Related Party Information - The related party, China Aviation Industry Group, holds 100% equity in the related company, which directly owns 25.68% of the company's shares [3][4]. - The related party has a registered capital of 8,881.83 million yuan and is involved in various aviation-related manufacturing and service activities [4][5]. 4. Main Content of the Entrustment Agreement - The agreement includes provisions for managing the entrusted units, with the management fee set at 0.03% of the audited annual revenue of the entrusted units [9][10]. - The agreement will not charge management fees for units that incur losses in 2025 [10]. 5. Impact on the Company - The transaction is expected to enhance the company's operational management capabilities and facilitate further integration of related businesses [10][11]. - It will not change the scope of the company's consolidated financial statements or adversely affect its independent operations and financial results [10][11].