TongDa Cable(SZ:002560)2022-11-22 03:04Group 1: Company Overview - Chengdu Hangfei, acquired by Tongda Co., Ltd. in 2016, is a key support for the company's strategy focused on military and aerospace sectors [2][3] - The company specializes in precision processing services for military and civilian aircraft components, as well as medical device parts [2][3] - Chengdu Hangfei has established a strong reputation in the aircraft component manufacturing field, serving multiple military aircraft manufacturers and research institutes [3] Group 2: Investment and Production Plans - The company is investing in two bases, with no changes to the fundraising project due to market conditions [3][4] - The construction of the aviation component manufacturing base is complete, and the project is expected to enhance production efficiency significantly [3][4] - The company plans to utilize existing production capacity while accelerating the introduction of new capacity to meet growing demand in the defense equipment sector [4] Group 3: Equipment and Technology - The company is focused on acquiring advanced imported equipment, with procurement channels currently unobstructed despite international trade restrictions [4][5] - The introduction of the DST intelligent flexible processing production line is expected to transform traditional manufacturing methods, leading to digital, unmanned, and efficient production [3][4] - Chengdu Hangfei aims to enhance automation and production capacity significantly with the installation of new equipment [5] Group 4: Competitive Positioning - Chengdu Hangfei has rapidly increased its market share since its acquisition, becoming a significant competitor in the industry [5] - The company boasts several competitive advantages, including strong technical expertise, a stable team, and a unique standardized management model [5] - Future plans include expanding into new business areas and enhancing the aviation component supply chain to establish a respected position in the market [5]