Core Viewpoint - The company has announced its third-quarter financial report and the appointment of an auditing firm for the year 2025, highlighting its commitment to transparency and governance [10][26]. Financial Data - The financial report for the third quarter indicates that the company has not undergone an audit for this period [3]. - The report includes significant non-recurring gains and losses, which are to be disclosed if applicable [4]. - The company has confirmed that the financial information presented is accurate and complete, with no significant omissions [2][10]. Shareholder Information - The total number of ordinary shareholders and the status of major shareholders have been documented, with no changes reported in the top ten shareholders [5]. - The company has received supplier qualifications from 46 clients, including major players in the aviation industry, and aims to expand its market presence in aviation components and gas turbine sectors [6][7]. Corporate Developments - The company has established an "Aviation Forging and Casting Innovation Center" to enhance its technological capabilities in the aviation sector [6]. - A subsidiary has successfully delivered samples for micro-channel heat exchangers to a domestic data center and has completed testing for a photovoltaic inverter client, indicating potential growth in the civilian heat exchanger market [7]. Audit Firm Appointment - The company has proposed to appoint Da Xin Accounting Firm as its auditor for the year 2025, pending approval from the shareholders' meeting [10][31]. - Da Xin has extensive experience in auditing listed companies and has a strong track record in investor protection and compliance [12][22]. Board Meeting Resolutions - The board of directors has approved the third-quarter report and the appointment of the auditing firm, with unanimous support from all directors present [26][30]. - The board has also approved the transfer of assets by a subsidiary and proposed amendments to the company’s articles of association, which will be submitted for shareholder approval [34][38]. Upcoming Shareholder Meeting - The company will hold its fifth extraordinary general meeting on November 17, 2025, where shareholders will vote on the proposed resolutions [50][52]. - The meeting will utilize both on-site and online voting methods to facilitate participation [53][66].

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]