AVIC XAC(SZ:000768)2025-11-06 10:30Group 1: Company Overview - AVIC Xi'an Aircraft Industry Group Co., Ltd. (referred to as AVIC Xi'an or the Company) was established on June 18, 1997, and listed on the Shenzhen Stock Exchange on June 26, 1997, becoming the first publicly listed company in China's aviation manufacturing industry [2] - The Company primarily engages in the research, production, maintenance, and service of large and medium-sized aircraft and aviation components, including key projects like C909, C919, and AG600 [2][3] - AVIC Xi'an plays a significant role in China's civil aviation industry chain and supply chain, contributing to national large aircraft and emergency rescue equipment systems [3] Group 2: Industry Context - The aviation industry is a strategic high-tech sector in China, characterized by high knowledge and technology intensity, with a broad technological impact and strong employment absorption capacity [4] - The development level of the aviation industry is a crucial indicator of national economic, technological, and defense capabilities, as well as industrialization [4] - The industry is essential for national security and social stability, enhancing China's international competitiveness and maintaining its global image [4] Group 3: Business Achievements - AVIC Xi'an is a major manufacturer of military large and medium-sized transport aircraft, bombers, and special aircraft, with a complete production system for civil aircraft components [5] - The Company has established long-term partnerships with renowned international aviation companies such as Airbus and Boeing, receiving multiple awards for excellence in manufacturing [5] - Key milestones include the delivery of the first aircraft from the third production line of the Airbus A320 series and the signing of new projects during the China International Aviation and Aerospace Exhibition [5][6] Group 4: Efficiency and Cost Control Measures - The Company is focused on improving product profitability and operational efficiency through systematic development of large and medium-sized aircraft product lines and enhancing market expansion capabilities [6] - Cost reduction strategies include design optimization, technological innovation, supply chain management, and operational efficiency improvements [6] - Future plans involve internal controls centered on efficiency, scale, and risk management to enhance profitability and return value to investors [6] Group 5: Contributions to Large Aircraft Development - AVIC Xi'an has made significant contributions to military aircraft development, independently producing the Y-20 strategic transport aircraft, filling a gap in domestic large military transport aircraft production [7] - The Company is actively involved in the development of civil aircraft, participating in key projects like the C919 and C929, and enhancing the domestic supply chain for regional aircraft [7] - Ongoing international cooperation includes manufacturing key components for amphibious aircraft and providing design and manufacturing services for large civil aircraft [7] Group 6: Military Trade Progress - The Company has been advancing its military trade business, showcasing products like large strategic transport aircraft and fighter-bomber export models at international airshows [7] - Efforts to enhance product visibility and engage with international clients are ongoing, facilitating orderly development of military trade [7]