Core Points - Haikou Ginas successfully completed its first engine test run, marking significant progress in aircraft engine overhaul services in Hainan Free Trade Port [2] - The engine test stand at Haikou Ginas has achieved important milestones, including successful Shakedown and Correlation tests, and has received certifications from FAA and CAAC, indicating it meets international standards [2][3] - The engine test stand has a thrust testing capacity of 150,000 pounds, making it the largest in China and capable of meeting testing needs for all mainstream aircraft engine models globally [2][3] Company Developments - Haikou Ginas is the only company in China authorized with the highest level of GBSA from GE for GEnx-1B engine overhauls, filling a gap in the domestic market [3] - The company plans to develop overhaul capabilities for key modules of the GEnx-1B engine, including high-pressure compressors and low-pressure turbines, by the end of this year [3]

Core Viewpoint - The successful test of the first GEnx-1B engine at Haikou Guinness marks a significant advancement in the aircraft engine repair services in Hainan Free Trade Port, establishing the company as a key player in the international wide-body engine maintenance market [1][4]. Group 1: Engine Testing Achievements - Haikou Guinness completed the first engine test on October 25, 2023, initiating a new chapter in GEnx-1B engine overhaul services [1]. - The engine test facility achieved critical milestones, including Shakedown testing on September 20 and Correlation testing on October 3, 2023 [3]. - The company received testing capability certifications from the FAA and CAAC on October 11 and 17, 2023, confirming that the test facility meets international standards [3]. Group 2: Technical and Operational Capabilities - The engine test facility has a thrust testing capacity of 150,000 pounds, making it the largest in China and capable of testing all mainstream aircraft engine models globally [3]. - A technical team comprising experts from various organizations, including China Construction Second Engineering Bureau and GE Aerospace, overcame numerous technical challenges during the design, manufacturing, and installation phases [4]. Group 3: Future Development Plans - Haikou Guinness plans to develop overhaul capabilities for core modules of the GEnx-1B engine, including high-pressure compressors and low-pressure turbines, by the end of 2025 [5]. - The company aims to enhance its repair service processes and capacity, providing high-quality aircraft engine maintenance services to global clients [5]. - Leveraging the advantages of the free trade port and GE's highest-level authorization, Haikou Guinness is committed to aligning its repair capabilities and service levels with international standards [5].