Core Viewpoint - A major passive component manufacturer will moderately adjust prices for certain products starting January 1, 2026, with increases in resistors, inductors, and other components due to rising material costs and increased demand from AI applications [1] Group 1: Price Adjustments - The manufacturer will increase prices for conventional resistors and inductors, including magnetic beads and ferrite inductors, while other products like sensitive components, protective components, and ceramic capacitors will be adjusted based on material cost increases [1] - Domestic passive component manufacturers have implemented two price hikes in the fourth quarter, expanding the range of products and customers affected by these increases [1] Group 2: Market Dynamics - The price increases are primarily aimed at cost transmission, but the significant rise in passive component usage driven by AI is expected to enhance overall industry utilization rates [1] - Currently, passive component prices are at a low level, and with demand recovering alongside rising raw material prices, manufacturers are likely to have strong motivation for further price increases, potentially initiating a new price increase cycle [1]

Group 1 - The company Jianghang Equipment primarily produces aviation equipment, including aviation oxygen systems, onboard fuel tank inerting protection systems, auxiliary fuel tanks, sensitive components, and oxygen ground equipment [2] - The company's products and services are mainly provided to major domestic manufacturers and the military, supporting all research and operational military aircraft as well as some civil and general aviation aircraft with equipment needs [2]

Core Viewpoint - The company, Jianghang Equipment, is actively involved in providing various aviation-related products and services, focusing on both military and civil aviation sectors, and plans to increase its investment in the civil aviation market to support national aircraft development strategies [1] Group 1: Product Offerings - The company offers products including aviation oxygen systems, onboard fuel tank inerting systems, auxiliary fuel tanks, sensitive components, and ground oxygen equipment [1] - It supplies these products to major domestic manufacturers and military forces, covering all in-development and operational military aircraft as well as some civil aircraft [1] Group 2: Future Plans - The company is engaged in the integration and development of oxygen systems for multiple civil aviation aircraft types, including passenger and portable complex systems [1] - It aims to enhance resource allocation in the civil aviation sector to support the national large aircraft strategy and promote the development of various passenger aircraft [1] - The company plans to fulfill PMA product order deliveries and expand its maintenance business for Boeing 737NG series aircraft, thereby increasing its market share and influence in the civil aviation sector [1]