Core Viewpoint - The article discusses the establishment of a joint venture between Guangwei Composite Materials and Shangong Feiren General Aviation, focusing on the development and manufacturing of carbon fiber composite components for civil aircraft, aiming to enhance domestic production capabilities and international competitiveness in the aviation materials sector [2]. Group 1: Joint Venture Details - Guangwei Composite Materials' subsidiary, Weihai Guangwei Energy New Materials Co., Ltd., signed a contract with Shangong Feiren, with a registered capital of 80 million RMB, where Shangong Feiren contributes 60 million RMB for a 75% stake, and Guangwei contributes 20 million RMB for a 25% stake [2]. - The joint venture will concentrate on the research, manufacturing, and sales of lightweight aircraft carbon fiber composite structural components and related products, supporting the domestic manufacturing of low-altitude aircraft [2]. Group 2: Company Background - Shangong Feiren General Aviation was established in June 2025 with a registered capital of 550 million RMB, focusing on general aviation services, maintenance, and design and production of civil aircraft components [3]. - The parent company, Shangong Shenbei Group, specializes in various material connection processing equipment, including sewing, ultrasonic welding, and carbon fiber composite light sport aircraft [3][4]. Group 3: Strategic Acquisitions - Shangong Group has made several strategic acquisitions, including the purchase of German companies and entry into the light sport aircraft manufacturing sector, significantly enhancing its capabilities in the aviation field [4]. - The company is recognized as the first publicly listed company in China's sewing machinery industry, leading in industrial sewing technology and global sewing equipment [4].