Andawell(SZ:300719)2026-02-04 13:26Group 1: Company Overview and Strategic Planning - The company introduced its basic situation and future strategic planning during the site visit [2] - The company plans to promote existing aviation products to low-altitude economy-related enterprises and has signed contracts with several eVTOL manufacturers [3] Group 2: Financial Performance and Projections - The company expects a decline in gross margin in 2025 due to changes in product structure, but aims for recovery and stability in 2026 through cost control [3] - The company’s operating cash flow is currently secure, with good receivables from civil aviation business, and is expected to improve in 2026 with the settlement of key defense projects and support from national policies [3] Group 3: Market Expansion and International Plans - The company has applied for ETSOA certification with EASA and plans to start Airbus supplier training, indicating intentions to enter international markets [3] - The company is also planning to support related export products in the defense trade sector [3] Group 4: Risk Management - The company advises investors to make rational decisions and be aware of investment risks, particularly regarding industry forecasts and strategic planning [4]