Core Viewpoint - The company is establishing a new subsidiary, Aviation Power General Aviation Power Technology (Shanghai) Co., Ltd., with a registered capital of 3.5 billion yuan to enhance its competitiveness in the aviation engine and related products market [1] Group 1: Investment Details - The subsidiary will be jointly funded by six institutions, including both related and non-related parties, with the company contributing 931 million yuan in cash and intangible assets for a 26.5938% stake [1] - The investment aims to support the national low-altitude economy development strategy and promote the industrialization and marketization of general aviation power [1] Group 2: Operational Impact - The new company will focus on the research, development, manufacturing, sales, and related technical services of aviation engines and derivative products, as well as aviation aircraft [1] - The investment has been approved by the company's board and military-related review, and it is expected to have a positive impact on the company's future operations without harming the interests of minority shareholders or causing industry competition [1]

Group 1 - Hongdu Aviation experienced a decline of 5.19% on September 3, with a stock price of 39.08 CNY per share, a trading volume of 347 million CNY, a turnover rate of 1.21%, and a total market capitalization of 28.025 billion CNY [1] - Hongdu Aviation, established on December 16, 1999, and listed on December 15, 2000, is located in Nanchang High-tech Development Zone, Jiangxi Province, and specializes in the research, development, manufacturing, sales, and services of aviation aircraft [1] Group 2 - Morgan Stanley's fund has a significant position in Hongdu Aviation, with the Morgan Stanley Innovation Mixed A Fund (002885) increasing its holdings by 48,900 shares in the second quarter, totaling 236,400 shares, which represents 4.26% of the fund's net value, making it the fourth-largest holding [2] - The Morgan Stanley Innovation Mixed A Fund (002885) was established on December 4, 2017, with a current size of 41.8771 million CNY, achieving a year-to-date return of 36.09% and ranking 1535 out of 8180 in its category, while its one-year return is 84.07%, ranking 662 out of 7967 [2]