经*ST立航财务部门初步测算，*ST立航预计2025年年度营业收入为32,000.00万元到35,000.00万元，扣 除与主营业务无关的业务收入和不具备商业实质的收入后的营业收入为32,000.00万元到35,000.00万元， 预计2025年年度实现利润总额-15,300.00万元到-19,300.00万元，预计归属于母公司所有者的净利润 为-15,000.00万元到-19,000.00万元，预计扣除非经常性损益后的净利润为-15,300.00万元到-19,300.00万 元，预计归属于母公司所有者的扣除非经常性损益后的净利润为-15,200.00万元到-19,200.00万元。 立航科技首次公开发行股票的发行费用总额为4450.37万元，其中，保荐与承销费用2966.98万元。 (责任编辑：马欣) MACD金叉信号形成，这些股涨势不错！ 2023年至2024年，立航科技营业收入分别为2.35亿元、2.90亿元，归属于上市公司股东的净利润分别 为-6,831.02万元、-9,393.56万元，归属于上市公司股东的扣除非经常性损益的净利润分别为-6,214.00万 元、-9,881.33万元，经营活动产生的 ...

转自：河北长城网 【#廊坊这位保健医生不一般# 】#他为航天模拟器把脉问诊# 在廊坊，有这样一位特别的"医生"，专为 航空模拟器"把脉问诊"。1月4日，中国（河北）自由贸易试验区大兴机场片区廊坊区域内，北京星光凯 明智能装备有限公司训练中心维护工程师梁枫，正专注地检查波音737模拟器驾驶舱内的仪表盘，他的 手指划过设备，动作沉稳。"这里就是我们工作的地方，航空模拟器是按照1:1还原飞机制造的，主要是 对飞行员进行训练和航空安全的提升以及对航空设备的研发，简单地说，航天模拟器就是航天航空领域 的'全能教练+研发助手'。"梁枫介绍道。梁枫是航空模拟器的专属"医生"，为航空模拟器"把脉问诊"。 他早年学的是艺术，一次偶然机会结缘航空航天产业，被它的前景吸引，便转身跨行、走进了北京星光 凯明智能装备有限公司，当起了航天模拟器的"保健医生"。面向2026，"现在廊坊大力发展航天航空产 业，我们赶上了美好时代，希望越来越多的航空模拟器落户廊坊，继续守护好这些航空模拟器，为培养 更多的飞行人才和每一段飞行安全的起落保驾护航。"梁枫的愿望朴实而坚定。#2025河北的家国事# （冀云）@河北长城网 （编辑：麦片） （来源：河北 ...

Core Viewpoint - Hubei Hangyu Jiatai Aircraft Equipment Co., Ltd. has successfully secured an order for 11 Airbus A350 wide-body aircraft seats from Ethiopian Airlines, marking its first entry into the African market and a significant milestone in its global expansion strategy [1][3]. Group 1: Company Achievements - The company has achieved a breakthrough in overseas orders this year, with clients across Southeast Asia, the Middle East, Central Asia, and Africa, indicating widespread recognition of its products in the global market [3]. - Ethiopian Airlines has selected the newly developed economy class seat JT1122E, designed for long-haul aircraft, which offers flexible configurations such as 3-3-3, 2-4-2, and 3-4-3 layouts, enhancing passenger comfort with limited recline [3]. Group 2: Future Strategy - The company plans to continue advancing its "internationalization pivot" strategy, focusing on overseas markets as a core engine for growth, while aiming to deepen its global presence [3]. - The company is committed to achieving its "14th Five-Year Plan" development goals, emphasizing high-quality development in its operations [3].

Core Viewpoint - Andavil Technology Co., Ltd. has been recognized as a national-level "specialized, refined, distinctive, and innovative" small giant enterprise by the Beijing Municipal Bureau of Economy and Information Technology, enhancing its market position and credibility in the aviation equipment sector [1]. Group 1: Company Recognition - Andavil's wholly-owned subsidiary, Beijing Andavil Aviation Equipment Co., Ltd., has been included in the seventh batch of national-level specialized and innovative small giant enterprises [1]. - The company has received a certificate from the Ministry of Industry and Information Technology, valid for three years, confirming its status as a national-level specialized and innovative small giant enterprise [1]. Group 2: Financial Performance - For the year 2024, Andavil's revenue composition is entirely derived from aviation equipment manufacturing and services, accounting for 100% of its revenue [1]. - As of the announcement date, Andavil's market capitalization stands at 4.6 billion yuan [1].

Core Viewpoint - Beijing Andavil Technology Co., Ltd. has initiated a series of organizational adjustments to enhance operational efficiency and optimize internal structure, including departmental integration, subsidiary business layout, and governance structure improvements [1][4]. Group 1: Department Integration - The company will dissolve the existing Operations Management Department, transferring its personnel and information management tasks to the Technology Management Department. This aims to concentrate technical management resources, reduce departmental layers, and enhance internal collaboration efficiency [2]. Group 2: Subsidiary Business Strengthening - The wholly-owned subsidiary, Beijing Andavil Aviation Equipment Co., Ltd., is establishing a new manufacturing center focused on production and delivery processes. This center will enhance standardization in production and improve delivery efficiency, supporting the subsidiary's ability to handle aviation equipment orders and expand in the civil aviation sector [3]. Group 3: Governance Structure Adjustment - A significant change in governance structure includes the dissolution of the Supervisory Board, with its responsibilities being transferred to the Audit Committee of the Board of Directors. This adjustment aims to simplify decision-making and oversight processes, enhancing governance efficiency and allowing the Audit Committee to perform its supervisory role with greater professionalism and specificity [4].

Core Viewpoint - The company, Beimo High-Tech, has announced a joint investment in Saini Aviation Equipment (Hebei) Co., Ltd. with an affiliated party, Beijing Saini Ruichi Technology Consulting Center (Limited Partnership), while waiving its preferential subscription rights for the new registered capital of Saini Aviation [1] Group 1 - The registered capital of Saini Aviation has been increased to 10 million yuan [1] - The company has completed the industrial and commercial registration procedures for the capital increase and obtained a business license [1]

Financial Data and Key Metrics Changes - Third quarter revenue increased by 14% to $46.2 million, up from $40.5 million in the same period last year, with year-to-date revenue growth exceeding 18% [9] - Gross profit increased by 37%, with gross margin expanding by 410 basis points to 25.1% compared to 21% in the third quarter last year [10] - Operating income reached $5.2 million, up by 52.6% year-over-year, while net income for the quarter was $4.8 million compared to $2.9 million a year ago [10] - Adjusted EBITDA increased by 34% to $6.8 million, translating to a record adjusted EBITDA margin of 14.6%, up from 12.4% in the same period last year [12] Business Line Data and Key Metrics Changes - APU revenue increased by 39% year-over-year and 27% sequentially, with year-to-date revenue up by 26% [14] - Heat exchanger revenue grew by 6% year-over-year, with a 14% increase on a year-to-date basis [14] - Landing gear revenue more than doubled year-over-year and nearly doubled sequentially, reflecting a surge in intake [15] - Trading and leasing revenue was down both sequentially and year-over-year, but up by 17% year-to-date [15] Market Data and Key Metrics Changes - The broader aviation market continues to benefit from high fleet utilization and lower aircraft retirements, driving sustained demand for maintenance, repairs, and overall activities [5] - The company maintains a backlog and LTA value at $520 million, indicating durable customer demand [9] Company Strategy and Development Direction - The company is focused on identifying strategic opportunities to accelerate growth, including potential acquisitions to expand capabilities [8] - TAT aims to leverage its strong balance sheet to pursue acquisitions that deepen customer relationships and expand its addressable market [16] - The company has added experienced corporate development executives to evaluate strategic M&A activities [8] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the future, citing a strong backlog and a large pipeline of opportunities [66] - The company is well-positioned to capture more market share, with operational discipline driving greater earning power [17] - Supply chain dynamics require active management, but significant progress has been made in inventory levels [17] Other Important Information - The company ended the quarter with $47.1 million in cash and $12.1 million in total debt, resulting in a low debt-to-EBITDA ratio of 0.5x [13] - Shareholders elected three new independent directors to enhance governance and leadership capabilities [8] Q&A Session Summary Question: How did TAT manage the change in demand this quarter, particularly the increase in landing gear? - Management emphasized the importance of viewing TAT's MRO business on a year-over-year basis rather than quarterly, noting that the increase in landing gear was expected due to entering a new cycle [22] Question: Can you discuss the characteristics of the underserved MRO opportunities? - Management highlighted that the post-COVID crisis and part shortages have created opportunities for flexible companies that can adjust to market needs and provide timely service [24] Question: Can you comment on the recent decline in backlog? - Management stated that the decline is a non-issue, as the backlog is still significantly higher than at the beginning of the year, and they have a strong opportunity pipeline [28] Question: How are operations affected by external disruptions like government shutdowns? - Management noted that while short-term hiccups may occur, there has been no major impact on growth patterns, thanks to a diverse customer base [30] Question: What is the outlook for cash flow sustainability? - Management expressed confidence in sustainable cash flow, citing improved collections and reduced inventory needs moving forward [44] Question: How do gross margins vary across business lines? - Management explained that gross margins can fluctuate due to product mix and operational leverage, emphasizing the importance of looking at long-term trends rather than quarterly comparisons [61]

Group 1 - The company, Beimo High-Tech, expects a net profit attributable to shareholders of approximately 125 million to 133 million yuan for the first three quarters of 2025, representing a year-on-year increase of 50% to 60% [1] - The basic earnings per share are projected to be between 0.38 yuan and 0.40 yuan [1] - The main reasons for the performance change include the completion of product deliveries as required, steady business growth, and improved cost control leading to a decrease in costs and expenses year-on-year [1] Group 2 - For the first half of 2025, the revenue composition of Beimo High-Tech is as follows: 68.51% from aviation-related equipment manufacturing and 31.49% from testing services [1] - The company's market capitalization is currently 9.8 billion yuan [2]

Core Points - Chengdu Haoneng Technology Co., Ltd. has approved a bank credit limit application totaling RMB 420 million for 2025, which was authorized by the shareholders' meeting [2] - The company has signed a working capital loan contract with Bank of China Chengdu Jinjing Branch for RMB 50 million with a term of 24 months [3] - The company has cumulative bank credit applications amounting to RMB 3.314 billion, with an unused credit limit of RMB 886 million as of the announcement date [6][7] Credit and Guarantee Details - The company has pledged 100% equity of Chengdu Haoyiqiang Aviation Equipment Manufacturing Co., Ltd. as collateral for the credit, with a maximum guarantee amount of RMB 279.3025 million [4] - The company has also provided guarantees for its subsidiaries, including a maximum liability guarantee of RMB 30 million for Chengdu Haoyiqiang [10] - The total amount of external guarantees provided by the company is RMB 2.332 billion, accounting for 77.11% of the audited net assets for 2024, with no overdue guarantees reported [11] Impact on Company - The credit application is aimed at meeting the daily operational liquidity needs of the company and its subsidiaries, enhancing financial security, and supporting sustainable development [7] - The board of directors believes that the guarantees provided will not harm the interests of the company and its shareholders, and the subsidiaries have stable operations and good credit status [10]

Core Viewpoint - The company *ST Lihang has announced the lifting of the detention measures against its actual controller and chairman, Liu Suiyang, allowing him to resume his duties, while the company's operational performance remains normal [1]. Financial Performance - For the first half of 2025, the company reported a revenue of 54.34 million yuan, a year-on-year decrease of 49.72% [1]. - The net profit attributable to shareholders was -44.57 million yuan, compared to -24.26 million yuan in the same period last year [1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -45.19 million yuan, down from -26.86 million yuan year-on-year [1]. - The net cash flow from operating activities was -41.99 million yuan, an improvement from -67.72 million yuan in the previous year [1]. Historical Financial Data - In 2023 and 2024, the company's revenues were 235 million yuan and 290 million yuan, respectively [2]. - The net profit attributable to shareholders for these years was -68.31 million yuan and -93.94 million yuan, respectively [2]. - The net profit after deducting non-recurring gains and losses was -62.14 million yuan in 2023 and -98.81 million yuan in 2024 [2]. - The net cash flow from operating activities was -52.71 million yuan in 2023 and -20.62 million yuan in 2024 [2]. IPO Information - Lihang Technology was listed on the Shanghai Stock Exchange on March 15, 2022, with an initial public offering of 19.25 million shares at a price of 19.70 yuan per share [2]. - The total amount raised from the IPO was 379 million yuan, with a net amount of 335 million yuan after expenses [2]. - The funds raised are intended for aviation equipment and rotorcraft manufacturing projects, as well as to supplement working capital [2]. Issuance Costs - The total issuance costs for the IPO amounted to 44.50 million yuan, with underwriting and sponsorship fees accounting for 29.67 million yuan [3].