消息面上，大陆航空科技控股拟于8月28日举行董事会会议批准中期业绩。公司此前预期上半年将录得 除税后溢利不少于5500万港元，去年同期为705万港元，主要由于随着新厂房建成、新生产设备投入与 新企业资源规划系统逐步稳定运行，以及"世界级制造"生产管理体系的持续推进，上半年通用航空飞机 活塞发动机业务产能显着提升，订单量交付同比增长，从而推动集团整体营收及毛利表现。 软库中华今年5月曾发布研报称，大陆航空科技为全球领先的通用航空活塞发动机制造商，按2024年新 活塞飞机发动机交付量计，市场份额达到28%，较2023年增加2个百分点，全球排名第二。该行指出， 大陆航空科技为香港上市通用航空产业链的稀缺标的。公司拥有现金约8亿港元，未持有银行贷款，手 持现金约为市值的80%。扣除现金值往绩市盈率为3.5倍。现估值相信过度反映国企公司美国本土营运 政治风险。公司全球排名第二，为美国市场主要供应商，相信受干扰机会不大。 本文源自：智通财经网 智通财经获悉，大陆航空科技控股(00232)早盘涨超15%，截至发稿，涨15.19%，报0.182港元，成交额 1573.38万港元。 ...

Group 1 - The core point of the article is that Dalu Aviation Technology Holdings (00232) experienced a significant stock price increase of over 15% due to positive expectations regarding its mid-term performance, with a projected after-tax profit of at least 55 million HKD for the first half of the year, compared to 7.05 million HKD in the same period last year [1] - The increase in profit is attributed to the completion of new facilities, the introduction of new production equipment, and the stabilization of a new enterprise resource planning system, which have all contributed to a significant enhancement in the production capacity of general aviation piston engines [1] - The company is recognized as a leading global manufacturer of general aviation piston engines, holding a market share of 28% in 2024 new piston aircraft engine deliveries, an increase of 2 percentage points from 2023, ranking second globally [1] Group 2 - Dalu Aviation Technology Holdings has approximately 800 million HKD in cash and no bank loans, with cash representing about 80% of its market value [1] - The company's historical price-to-earnings ratio, after excluding cash, is 3.5 times, indicating a potentially undervalued position in the market [1] - The company is considered a rare asset in the Hong Kong-listed general aviation industry, with expectations that its operations in the U.S. market will not be significantly disrupted despite political risks [1]

Core Viewpoint - Dalian Aviation Technology Holdings (00232) is experiencing a significant stock price increase, attributed to strong anticipated mid-year earnings driven by enhanced production capacity and operational improvements in its piston engine business [1] Financial Performance - The company expects to report a post-tax profit of no less than 55 million HKD for the first half of the year, compared to 7.05 million HKD in the same period last year, indicating a substantial growth [1] - The increase in profit is primarily due to the completion of new facilities, the introduction of new production equipment, and the stabilization of a new enterprise resource planning system [1] Market Position - Dalian Aviation Technology is recognized as a leading global manufacturer of general aviation piston engines, holding a market share of 28% in new piston aircraft engine deliveries for 2024, an increase of 2 percentage points from 2023, ranking second globally [1] - The company is noted as a rare investment opportunity within the Hong Kong-listed general aviation industry [1] Financial Health - The company has approximately 800 million HKD in cash and no bank loans, with cash holdings representing about 80% of its market value [1] - The price-to-earnings ratio, after accounting for cash, is reported at 3.5 times, suggesting a potentially undervalued position in the market [1] Risk Assessment - The company is perceived to be less affected by political risks associated with its operations in the U.S. market, where it serves as a major supplier [1]