近日，搭载AES100发动机的6吨级倾转旋翼无人飞行器镧影R6000在四川省德阳什邡市首飞成功。 倾转旋翼机可谓飞机中的"多面手"，兼具直升机的垂直起降能力与固定翼飞机的高速巡航性能。一颗什 么样的"心脏"可以支撑它既"直上直下起降"，又"保持高速飞行"？ 据中国航空发动机集团有限公司专家介绍，倾转旋翼机的动力系统必须满足两种"截然不同"的飞行模式 和飞机瞬间变化的功率需求，这就对发动机的响应速度以及综合控制能力提出严苛要求。 AES100发动机是我国第一型自主创新研制的1000千瓦级先进民用涡轴发动机，具有高效率、低油耗、 长寿命、高安全性等优势，综合性能达到国际先进水平。 研发团队瞄准通航市场对高性能动力的迫切需求，在设计之初前瞻性地考虑了多种复杂场景，并在镧影 R6000等飞机上成功应用，打破了国外在该领域的垄断局面。 这颗"心脏"能稳定工作提供可靠动力。 AES100发动机总设计师李概奇指出，经过充分试验验证，AES100发动机在结冰、暴雨、强电磁环境等 复杂条件下均可安全稳定工作，为6至12座的直升机或倾转旋翼飞行器提供可靠动力；配装的飞行器可 在6000米高空以下执行巡逻、救援、观光、公务飞行等多 ...

Core Viewpoint - The AES100 engine represents a significant advancement in China's aviation industry, showcasing the country's capability in developing high-performance aviation engines that meet diverse operational requirements [2][5]. Group 1: Engine Development and Features - The AES100 engine is China's first independently developed 1000 kW class advanced civil turboshaft engine, featuring high efficiency, low fuel consumption, long lifespan, and high safety, with performance reaching international advanced levels [2][3]. - The engine has been tested under complex conditions such as icing, heavy rain, and strong electromagnetic environments, ensuring reliable power for helicopters and tilt-rotor aircraft [3]. - The engine has received certification from the Civil Aviation Administration of China, allowing for further development into variants such as a 900 kW turboprop engine and a 1000 kg thrust turbofan engine [4]. Group 2: Market Applications and Future Prospects - The AES100 engine can support various missions including patrol, rescue, sightseeing, and official flights at altitudes below 6000 meters [3]. - Future applications of the engine include efficient logistics transportation across regions and point-to-point personnel transport between cities [4]. - The development of other domestic engines, such as a 3D-printed lightweight micro turbojet engine and a 1100 kW gas turbine engine for helicopters, indicates a broader trend of innovation in China's aviation sector [5].

"镧影R6000倾转旋翼飞行器在直升机模式下长约11.832m，高约5.326m，宽约17.5m，桨叶直径7.5m，其巡航速度达到550km/h，是传统直升机的2倍。最 大商载2000 kg，远超同吨位直升机。最大航程长达4000km，是传统直升机的4倍。实用升限7620m，是传统直升机的2倍。"镧影R6000项目负责人赵凤明 28日在接受《环球时报》记者采访时介绍称，镧影R6000采用的是中国航发自主研制的AES100发动机。其通过高集成度的机电作动系统与先进飞控系统 协同，实现旋翼姿态在垂直起降与高速平飞模态之间的无缝、安全平稳切换，完美融合传统直升机的垂直起降与精准悬停能力，以及固定翼飞机的长航 程、大载重、高速巡航优势，形成"双模态飞行"的独特性能飞行平台。 据了解，作为迄今为止我国成功首飞的最大倾转旋翼机，镧影R6000采用先进的倾转旋翼轴，非完全旋转整个发动机短舱的构型，在飞控和动力系统设计 方面实现了跨越。该构型设计可以避免发动机尾喷产生的高温气流，在起降阶段对飞机机身侧面的上下机活动人员造成伤害，同时不会对不具备防烧蚀层 的海上动平台表面产生高温烧蚀，这将有利于该款飞机未来在普通海上动平台起降 ...

中新网北京12月28日电 (记者 孙自法)记者12月28日从中国航空发动机集团(中国航发)获悉，作为中国第 一型自主创新研制的1000千瓦级先进民用涡轴发动机，中国航发AES100发动机双发配装联合飞机公司 的全球首款6吨级倾转旋翼机镧影R6000，当天在四川什邡成功首飞，圆满完成起降、爬升、悬停、近 地面机动等试飞科目。 AES100发 动机配装6吨级镧影R6000倾转旋翼机成功首飞。中国航发 供图 在新兴低空经济领域，倾转旋翼机作为一种发展前景广阔的新构型飞行器，其技术瓶颈的突破高度依赖 于其动力装置与传动系统。此次镧影R6000成功首飞，验证了国产自主创新AES100发动机与倾转传动 系统、旋翼系统的良好匹配性能。测试数据显示，AES100发动机耗油率低、起动性能好、可靠性高， 性能优异、功率储备强，为镧影R6000的高载荷和高性能提供了可能，实现中国在民用涡轴发动机工程 领域的重大突破。 此次AES100发动机配装镧影R6000倾转旋翼机的顺利首飞，深刻体现出先进动力与主机装备协同创 新、快速迭代的高效模式。这不仅是倾转旋翼机这一新构型飞行器的里程碑时刻，更是AES100发动机 工程应用与市场拓展的重 ...

全球首款6吨级倾转旋翼飞行器成功首飞。 1 2月2 8日从联合飞机集团获悉，当天，由该集团自主研制的全球首款6吨级倾转旋翼飞行 器镧影R60 0 0在四川圆满完成了首次飞行。这标志着我国在倾转旋翼这一关键技术实现了 重大突破，为全球倾转旋翼技术产业化落地提供了首个大规模应用级解决方案。 据了解，倾转旋翼机兼具直升机的垂直起降能力与固定翼飞机的高速巡航性能，其动力系 统必须在直升机模态与固定翼模态这两种截然不同的飞行模式下，均能提供可靠且高效的 动力输出。这对发动机的响应速度、可靠性以及综合控制能力提出了极为严苛的要求，使 得飞发系统匹配呈现出高度集成化与复杂化的技术特征。 长期以来，这一领域的动力技 术由国外极少数国家主导。 "镧影R6 0 0 0倾转旋翼飞行器在直升机模式下长约11.832m，高约5.326m，宽约1 7 . 5m， 桨叶直径7 . 5m，其巡航速度达到5 5 0 km/ h，是传统直升机的2倍。最大商载2000 kg，远 超同吨位直升机。最大航程长达4000km，是传统直升机的4倍。实用升限7 6 2 0m，是传 统直升机的2倍。"镧影R60 00项目负责人赵凤明28日在接受《环球时报》记 ...

"镧影R6000倾转旋翼飞行器在直升机模式下长约11.832m，高约5.326m，宽约17.5m，桨叶直径7.5m，其巡航速度达到550km/h，是传统直升机的2倍。最大 商载2000 kg，远超同吨位直升机。最大航程长达4000km，是传统直升机的4倍。实用升限7620m，是传统直升机的2倍。"镧影R6000项目负责人赵凤明28日 在接受《环球时报》记者采访时介绍称，镧影R6000采用的是中国航发自主研制的AES100发动机。其通过高集成度的机电作动系统与先进飞控系统协同， 实现旋翼姿态在垂直起降与高速平飞模态之间的无缝、安全平稳切换，完美融合传统直升机的垂直起降与精准悬停能力，以及固定翼飞机的长航程、大载 重、高速巡航优势。形成"双模态飞行"的独特性能飞行平台。 来源：环球时报-环球网 【环球时报-环球网报道 记者 樊巍】《环球时报》记者12月28日从联合飞机集团获悉，当天，由该集团自主研制的全球首款6吨级倾转旋翼飞行器镧影R6000 在四川圆满完成了首次飞行。这标志着我国在倾转旋翼这一关键技术实现了重大突破，为全球倾转旋翼技术产业化落地提供了首个大规模应用级解决方案。 据《环球时报》记者了解，倾转旋翼机 ...

Core Insights - On November 27, during the opening of the 2025 Asian General Aviation Expo, China Aviation Engine Corporation (CAEC) held a promotional event for its turboprop engines, signing cooperation agreements or intent purchase contracts with 17 clients, totaling over 1 billion yuan [1][2] - The event featured the launch of seven turboprop engines, including AEP20, AEP50E, AEP60E, AEP100, ATP120, turboprop-6, and AEP500, which are competitive products in the general aviation power sector [1] - The promotional event also highlighted various power products, including three types of electric power products, which were publicly introduced for the first time [1] Company Developments - CAEC's research institute signed a 700 million yuan intent order for the AEP20 engine, a 200 kW turboprop engine designed for 1-2 ton single-engine or 3-4 ton twin-engine general aircraft or drones, with the first engine expected to be delivered for test flight by the end of 2026 [2] - Additional agreements included a 160 million yuan cooperation and intent order for the AES100 engine with Southern and Zhejiang Kaibowei Aerospace Technology Co., Ltd., and over 100 million yuan in intent orders for various other engines and systems [2]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Views - The defense industry is expected to benefit from increasing geopolitical uncertainties, leading to a potential acceleration in military orders [4] - The current valuation of the military industry remains relatively high, with a PE-TTM of 67.34 times, which is at the 65.65% percentile since early 2015, down from 70.35 times two weeks ago [22][12] - The military sector has shown resilience, with a 3.84% decline in the military index over the past two weeks, outperforming the Shanghai and Shenzhen 300 index, which fell by 4.81% [12][11] Summary by Sections 1. Market Review - The military index decreased by 3.84% from November 10 to November 21, while the Shanghai and Shenzhen 300 index decreased by 4.81%, resulting in an excess return of 0.97 percentage points [12] - Among the sub-sectors, ground equipment performed relatively well, with a slight increase of 0.02%, while aerospace equipment saw a decline of 7.30% [13] 2. Industry News Dynamics - Internationally, significant developments include the establishment of a new unmanned systems force by the Russian armed forces and the successful launch of a reusable heavy-lift rocket by Blue Origin [25][26] - Domestically, notable advancements include the successful launch of low-orbit satellites and the delivery of China's first manned airship [29][30] 3. Beneficiary Targets - Key companies to watch include: - Aviation: Huayin Technology, Jiachih Technology, Aero Engine Corporation of China, Western Superconducting Technologies - Overseas gas turbine supply chain: Wanzhe Co., Yingliu Co., Aerospace Technology, Triangle Defense - Commercial aerospace: Zhenlei Technology, Alliance Electronics, Guobo Electronics, Shaanxi Huada, Haige Communication [7]

Core Points - The 2025 Dubai Airshow opened on November 17, showcasing over 200 aircraft and featuring more than 1,500 aerospace and defense companies from over 40 countries, with an expected attendance of 148,000 visitors during the five-day event [1] - China Commercial Aircraft Corporation (COMAC) made its debut at the airshow, presenting the C919 aircraft and the C909 business jet, along with various domestic large cargo drones and advanced aircraft engines [1][2] - The theme of the airshow is "The Future is Here," focusing on advancements in sustainable development, artificial intelligence, space exploration, and smart transportation within the aerospace industry [1] Company Highlights - The C919 aircraft, operated by China Southern Airlines, was showcased alongside the C909 business jet, marking a significant step for Chinese civil aviation and manufacturing on the international stage [1] - A Kuwaiti aerospace engineer praised the high construction quality of the C919, indicating its potential competitiveness in terms of economic efficiency, reliability, and service support as COMAC continues to optimize its aircraft and improve international airworthiness standards [1] - China Aviation Engine Group participated for the first time, presenting a comprehensive range of products including the Taihang engine and AES100 engine, highlighting the most extensive and diverse display of Chinese-made aircraft engines abroad [2]

Core Viewpoint - The company clarified that the United Aircraft T1400 is not equipped with the AES100 engine, despite having signed sales and leasing contracts for the AES100 engine with United Aircraft Group and others [1] Group 1: Company Information - The company's wholly-owned subsidiary, China Aviation Engine Southern Industry Co., Ltd., has entered into sales and leasing contracts for the AES100 engine [1] - The company's engine products are expected to enter the market alongside flight platforms as the national low-altitude environment gradually opens up [1] Group 2: Industry Outlook - The development of the company's engine products is anticipated to promote the growth of the low-altitude economy and the general aviation industry [1]