Core Viewpoint - General Electric Singapore plans to reduce its stake in China Xidian by up to 3%, which amounts to a maximum of 154 million shares, due to its operational needs [2] Group 1: Shareholding Changes - As of the announcement date, General Electric Singapore holds 359 million shares in China Xidian, representing 7% of the total share capital [2] - The planned reduction includes a maximum of 51.26 million shares through centralized bidding and 103 million shares through block trading [2] - From October 2024, General Electric Singapore has been continuously reducing its stake, with a total reduction of 3% in 2024, exceeding 150 million shares [3] Group 2: Market Performance - China Xidian's stock price was reported at 8.84 yuan per share as of November 20, with a market capitalization of 45.3 billion yuan [5] - The stock price had previously experienced a significant increase from October to early November 2025, breaking out of a long-term decline since its IPO price of 7.9 yuan per share in 2010 [4]

【导读】通用电气新加坡公司拟减持中国西电不超过3%股份 中国基金报记者 卢鸰 中国西电第二大股东又拟大减持。 中国西电11月20日盘后发布公告称，公司股东GE SMALLWORLD（SINGAPORE）PTE LTD（以下简称通用电气新加坡公司）因自身经营发展需要，拟于公告披露之日起十五个交易 日后的三个月内，即2025年12月12日至2026年3月11日期间，合计减持公司股份不超过 1.54亿股，即不超过公司总股本的3%。其中，拟通过集中竞价交易方式减持不超过5125.88 万股，通过大宗交易方式减持不超过1.03亿股。 通用电气新加坡公司是通用电气公司全资控制的下属公司。通用电气公司成立于1892年，是 世界上最大并且拥有最多样化技术和金融服务的公司之一，其产品和服务分布于从飞机发动 机、发电机、水处理和家用电器到医疗造影、商业和消费者融资和工业产品的不同领域。 从2024年10月开始，通用电气新加坡公司持续减持中国西电。据Wind统计，通用电气新加 坡公司2024年减持比例为3%，减持股份超过1.5亿股；从2025年初至2025年9月13日，其 减持股份已超过2.5亿股，远超去年的减持数量。 | 202 ...

证券日报网讯钢研高纳（300034）11月20日在互动平台回答投资者提问时表示，公司高温合金产品已用 于飞机发动机中。 ...

格隆汇11月20日丨钢研高纳(300034.SZ)在互动平台表示，公司高温合金产品已用于飞机发动机中。 ...

新华社记者 夏晓 吴宝澍 2025迪拜航展17日至21日在阿联酋迪拜举办。中国国产C919大飞机参展，首次在中东亮相。 迪拜航展是全球最大航展之一，每两年举办一次。本届航展吸引1500多家参展商，展出逾200架各型飞机，预计接待14.8万名业内观众。中国商用 飞机有限责任公司和中国南方航空公司各携一架C919飞机参展，受到广泛关注。 航展期间，中国商飞进行了C919飞行演示，白色机身、蓝绿涂装的C919在航展举办地迪拜阿勒马克图姆国际机场上空平稳翱翔，划出优美弧线。 在中国商飞展台，沙特阿拉伯阿迪尔航空公司工程主管阿里·扎赫拉尼告诉记者，他注意到C919参展，有意了解更多情况。他说，中国大飞机给国 际航空市场带来了新选择，随着运营经验积累和更多航司采购，将有更好发展，"前景广阔"。 在航展户外展区，中国南航的C919客机静态展示，频频迎来业内人士登机参观。南航工作人员不时向访客介绍C919客舱设计和运营情况。 巴基斯坦锡亚尔科特航空公司企业规划高级主管达乌德·阿卜杜拉参观后说，这款中国研制的客机具有新的设计理念和创新之处，虽然尚处推出初 期阶段，但"一定会给行业带来新的活力，取得成功，并促进市场良性竞争"。 ...

Core Insights - The C919 aircraft made its debut at the Dubai Airshow, marking its first appearance in the Middle East, which has generated significant interest in the international aviation market [1][2] - Industry experts express optimism about the C919's potential to enhance competition and provide new options in the global aviation sector [2] Group 1: C919 Aircraft Presentation - The Dubai Airshow, one of the largest in the world, features over 1,500 exhibitors and is expected to attract 148,000 industry visitors [1] - The C919, showcased by China Commercial Aircraft Corporation and China Southern Airlines, performed a flight demonstration, impressing attendees with its design and performance [1] - Saudi Arabian Adil Airlines' engineering supervisor noted the C919's potential to bring new choices to the international market, indicating a promising future as operational experience accumulates [1] Group 2: Industry Reception and Competitiveness - A senior planner from Pakistan's Sialkot Airlines highlighted the innovative design of the C919, predicting it will invigorate the industry and foster healthy competition [2] - The general manager of a Dubai-based aircraft leasing company praised the internal space experience of the C919, suggesting it could gain adoption from more airlines within the next five years [2] Group 3: Broader Chinese Aviation Presence - In addition to the C919, various Chinese-developed products, including drones and electric vertical takeoff and landing vehicles, were also showcased at the airshow [2] - China Aviation Engine Group presented a comprehensive display of 19 types of power products, marking a significant overseas exhibition of domestic aviation engines [2] - A representative from Safran Aircraft Engines expressed astonishment at the advanced Chinese engines that are already in mass production [2]

Core Viewpoint - The C919 aircraft made its debut at the Dubai Airshow, showcasing China's advancements in aviation manufacturing and attracting significant interest from international industry professionals [1][2]. Group 1: C919 Aircraft Presentation - The C919 aircraft was presented at the Dubai Airshow, marking its first appearance in the Middle East [1]. - The event featured over 1,500 exhibitors and showcased more than 200 aircraft, with an expected attendance of 148,000 industry professionals [1]. - The C919 performed a flight demonstration, impressing attendees with its design and performance [1]. Group 2: Industry Reception and Future Prospects - Industry professionals, such as Ali Zahraani from Adil Airlines, expressed optimism about the C919, noting it provides new options in the international aviation market and has a promising future as operational experience accumulates [1]. - Dawood Abdullah from Sialkot Airlines highlighted the innovative design of the C919, predicting it would invigorate the industry and foster healthy competition [2]. - Garnik Papikyan, a leasing company manager, praised the internal space experience of the C919, suggesting it could gain adoption from more airlines in the next five years [2]. Group 3: Chinese Aviation Industry Participation - The China Commercial Aircraft Corporation (COMAC) has delivered 26 C919 aircraft and opened over 30 flight routes [2]. - The airshow also featured various Chinese-developed products, including drones and electric vertical takeoff and landing vehicles, with nearly 100 Chinese aviation-related companies participating [2]. - The China Aviation Engine Group showcased 19 types of power products, marking a significant presence of Chinese aviation engines at the event [3].

Group 1 - The situation in Ukraine is worsening, with the U.S. halting direct funding and shifting to NATO for weapon supplies, while demanding payment [1] - Europe is urgently restructuring its military capabilities due to ongoing Russian military pressure, but faces a significant obstacle in China's control over critical minerals [1][4] - The EU relies on China for approximately 98% of its critical rare earth imports, significantly higher than the U.S. at 80% [4] Group 2 - The EU's military expansion is heavily dependent on China's fluctuating trade relations, which have been affected by unilateral sanctions and technology restrictions imposed by the EU and the U.S. [2] - The EU has submitted around 2000 applications for export licenses from China, with only half being processed satisfactorily, leading to frustration among European companies [4] - Analysts suggest that China's strict control over rare earth exports is aimed at slowing U.S. military development, inadvertently impacting Europe as well [5] Group 3 - The EU has initiated alternative strategies, including the Critical Raw Materials Act, but acknowledges that replicating China's scale and efficiency in rare earth mining and processing will take 8 to 12 years [6] - European defense industries are ramping up production, with annual ammunition production capacity expected to rise from 300,000 units in 2022 to 2 million by the end of 2024 [8] - German defense companies, such as Krauss-Maffei Wegmann and Rheinmetall, are major beneficiaries of the military expansion, with Rheinmetall's sales projected to reach €9.751 billion in 2024 [8] Group 4 - To achieve military reconstruction, the EU must adopt a diplomatic approach, moving away from a policy of solely aligning with the U.S. against China [9] - European officials are actively engaging with China to ensure the supply of critical minerals remains uninterrupted, although the EU's stance on this issue remains unclear [9]

Core Insights - China Eastern Airlines (CEA) signed 19 procurement agreements totaling $1.211 billion with 15 suppliers from 9 countries and regions during the China International Import Expo [1][2] - The focus of CEA's procurement this year is on high-tech products related to its core aviation business, including aircraft engines, APU maintenance, in-flight meals, aviation materials, aviation fuel, and automotive chassis [1][2] - CEA has been participating in the Import Expo for eight consecutive years, showcasing its commitment to international collaboration and innovation in the aviation sector [1] Procurement Agreements - CEA signed a $615 million procurement agreement for LEAP-1A engines with CFM International, which utilize advanced 3D woven composite materials, resulting in a weight reduction of 500 pounds per engine and a 15% to 20% decrease in fuel consumption and carbon emissions compared to previous models [2] - The company also signed multiple agreements for aviation materials and fuel procurement with Lufthansa Technik, Safran Group, and others, aiming to enhance cost efficiency [2] - One-third of CEA's procurement products, amounting to $160 million, are sourced from countries involved in the Belt and Road Initiative, enhancing trade links with these regions [2] Future Developments - CEA plans to launch a new route from Shanghai Pudong to Auckland and Buenos Aires on December 4, 2025, which will become the longest flight route in the world [3]

Core Insights - The China International Import Expo (CIIE) serves as a significant platform for listed companies to showcase their products and technologies, reflecting the vibrancy and attractiveness of the Chinese market [1][8] - Central enterprises play a crucial role in procurement, facilitating deeper connections within global supply chains and showcasing new products and technologies from multinational companies [2][3] Group 1: Central Enterprises and Procurement - A total of 14 central enterprises participated in the "Central Enterprise Procurement Corridor," leading to numerous procurement agreements that enhance global supply chain connections [2] - China National Offshore Oil Corporation (CNOOC) achieved a record signing amount of over $13 billion at the expo, covering oil, gas, and advanced technology services [2] - China Eastern Airlines signed 19 procurement agreements with suppliers from 9 countries, totaling $1.211 billion, focusing on high-tech products in the aviation sector [3] Group 2: Product Showcases and Innovations - Fosun Pharma showcased innovative products in cancer treatment and other medical fields, including the revolutionary Marie® particle therapy system, which reduces costs and allows for rapid deployment in existing medical spaces [4][5] - Rebeca, a leading company in the wig industry, presented a fashion show to highlight its products, aiming to elevate "Xuchang manufacturing" to an international level [6] Group 3: Operational Support and Safety - The smooth operation of the expo relied on comprehensive support services, with companies like Shanghai Construction Group providing maintenance for over 24,000 facilities and equipment [7] - The "Smart City Cloud Aid" emergency system was implemented to ensure safety, featuring real-time monitoring and rapid response capabilities [7] Group 4: Overall Impact and Collaboration - The active participation of listed companies at the expo illustrates a dynamic scene of openness, innovation, and collaboration, contributing to the integration of the Chinese economy with the global economy [8]