AVIC XAC(SZ:000768)2022-12-03 10:34Group 1: Company Overview - The company primarily engages in the aviation manufacturing industry, focusing on the research, production, and sales of large and medium-sized aircraft and components [3] - It has established long-term partnerships with international aviation companies like Airbus and Boeing for subcontracted production [3] Group 2: Recent Operational Developments - The company has implemented lean manufacturing practices, completing the final phase of lean unit construction, which has begun to show improvements in product quality and delivery timelines [3] - The AOS management system has become a benchmark in the industry, recognized for its continuous optimization and integration of multiple systems and tools [3] Group 3: Pricing Principles for Related Transactions - Transactions with related enterprises are conducted based on general market rules, ensuring fairness and equity [3] - Pricing for services follows national pricing standards when available; otherwise, market prices or negotiated prices are applied [3] Group 4: International Market Expansion - The company is focusing on expanding its subcontracted production business in the civil aviation sector, particularly in Europe and the United States [4] - Its subsidiary in Tianjin has successfully delivered over 400 Airbus A320 wings, demonstrating significant improvements in production rates and quality management [4] Group 5: Impact of U.S.-China Trade Relations - The company's revenue from U.S. sales is relatively small, primarily serving domestic customers, thus the trade tensions have not significantly impacted its operations [4] - The company will continue to monitor U.S. trade policies and assess potential impacts on its business [4]