Core Viewpoint - The 7th China Tianjin International Helicopter Expo showcases advancements in helicopter technology and promotes international cooperation in the aviation industry, featuring nearly 400 companies from over 30 countries [3][6]. Group 1: Event Overview - The expo is themed "Open Innovation, Integrated Development, Cultivating New Quality Productivity" and has become the second-largest helicopter exhibition globally [3][6]. - The event spans four days, covering approximately 160,000 square meters, with a dedicated 5,000 square meter low-altitude economy pavilion and nearly 250 exhibition booths [6]. Group 2: Participation and Collaboration - Major global helicopter manufacturers such as Airbus, Russian Helicopters, and Bell, along with renowned engine and service companies like China Aviation Engine Corporation and Safran, are participating [3][6]. - The event includes over 20 business meetings and signing activities, fostering collaboration between domestic and international enterprises [2][3]. Group 3: Local Government Support - Local government officials express strong support for the aviation industry, emphasizing the importance of the expo in showcasing China's helicopter development achievements and promoting international exchanges [4][5]. - The Tianjin government aims to strengthen practical cooperation with various parties to enhance the aviation industry's growth and contribute to high-quality development [4][5]. Group 4: Future Directions - The Aviation Industry Corporation of China (AVIC) aims to build a world-class helicopter enterprise and enhance the low-altitude economy, while also deepening strategic cooperation with Tianjin [5][6]. - The expo serves as a platform to connect China with the global aviation industry, promoting awareness of aviation and national defense [4][5].

Core Points - The 7th China Tianjin International Helicopter Expo opened on October 16, lasting for four days, featuring a new low-altitude economy display area and showcasing multiple military and civilian helicopters and low-altitude flying vehicles [1][3] Industry Overview - The expo is co-hosted by the Aviation Industry Corporation of China and the People's Liberation Army Ground Force, themed "Open Innovation, Integrated Development, Cultivating New Quality Productivity," attracting nearly 400 enterprises from over 30 countries and regions, including major global helicopter manufacturers like Airbus, Russian Helicopters, and Bell [3][6] - The event aims to promote global helicopter industry cooperation and enhance China's aviation industry's core competitiveness by showcasing new technologies, products, and achievements in the helicopter and drone sectors [3][6] Company Highlights - The Aviation Industry Corporation of China presented a series of helicopter products under the theme "Soaring Together, Sharing the Future," focusing on user needs and professional application scenarios, with exhibits organized into five units: "System Operations," "Emergency Rescue," "Technological Innovation," "System Support," and "Comprehensive Services" [5][6] - The expo featured real aircraft such as the Z-10ME, AC311A, and AC312E, as well as models and immersive virtual reality demonstrations of advanced design, manufacturing, and integrated service capabilities [6][7] - New products like the AR-E40, AR-E300, and AR-E300A eVTOLs were showcased, with the AR-E800 entering the research and test flight phase and securing orders for 160 units [6][7] Event Details - The total exhibition area is approximately 160,000 square meters, with nearly 250 booths across 10 categories, and the event will include high-level forums, new product launches, project signings, business negotiations, and cultural events [7]

Summary of Key Points from Conference Call Industry Overview - The conference call discusses the **controlled nuclear fusion** industry, particularly focusing on the **BEST project** and its implications for the market. The industry is entering a new phase with accelerated bidding for key components like power supplies and superconducting materials in the second half of the year [1][2][3]. Core Insights and Arguments - The **BEST project** has made significant progress, with the successful installation of the **Dewar base** into the main device, marking a new stage for the project [2][3]. - Other notable projects in the controlled nuclear fusion sector include those by **China Nuclear Group** and **Chengdu and Jiuyuan**, which are expected to have more bidding activities next year, impacting the market from 2026 onwards [1][4]. - The **controlled nuclear fusion supply chain** is centered around structural components such as vacuum chambers, divertors, blanket cold screens, magnets, and Dewars, along with upstream materials like low-temperature superconducting wires and tungsten materials [1][5]. - The **module power supply industry** is benefiting from the recovery of defense demand and the growth of AI applications, with the military market projected to reach **59 billion RMB** by 2028 [1][12][13]. - The demand for **AI servers** has significantly increased power consumption, leading to a need for high-performance, high-density, and reliable power supply systems, which in turn accelerates the application of modular and integrated power systems [1][14][16]. Additional Important Insights - The **magnet system** is crucial in controlled nuclear fusion, accounting for approximately **28%** of the experimental pile's value, with a shift towards high-temperature superconductors expected to reduce cooling requirements and costs [1][7]. - The **power supply system** plays a significant role, comprising about **8%** of the overall system, with domestic and international companies likely to secure contracts in upcoming bidding processes [1][8]. - The **controlled nuclear fusion supply chain** includes upstream materials, midstream equipment, and downstream research institutions, with key players identified in each segment [1][9]. - **West Superconducting** is a key supplier of low-temperature superconducting wires, with a projected market value of **500 million RMB** in 2025, despite currently lower market attention [1][10][11]. - The **module power supply industry** is expected to enter a high-growth cycle, driven by defense and AI applications, with the military module power supply market projected to exceed **10 billion RMB** by 2025 and **15 billion RMB** by 2028 [1][12][13]. - The global AI market is anticipated to exceed **11 trillion USD** by 2030, with related supply equipment markets growing even faster, indicating significant investment opportunities [1][17][18]. Conclusion - The controlled nuclear fusion industry is poised for growth with ongoing projects and increasing demand for related technologies. The module power supply sector is also expected to thrive due to rising defense and AI needs, presenting various investment opportunities in the coming years [1][12][13][17].