通达股份(002560) - 通达股份调研活动信息-1

Company Overview - Henan Tongda Cable Co., Ltd. has over 30 years of experience in the production and R&D of wires and cables, specializing in overhead conductors, power cables, and special cables [3] - The company is a major supplier of overhead conductors for ultra-high voltage transmission lines in China and has a strong position in the niche market of bare overhead conductors [3] - In 2016, Tongda acquired 100% of Chengdu Hangfei, which supports its strategy of focusing on its core business and deepening military industry involvement [3] Chengdu Hangfei Overview - Chengdu Hangfei specializes in precision machining services for military and civilian aircraft components and medical device parts, with a strong reputation in the industry [3] - The company has established a state-of-the-art flexible processing production line for aircraft components, significantly improving production efficiency and quality [4] - The DST intelligent flexible production line is expected to enhance manufacturing precision and efficiency by 5-10 times compared to traditional methods [4] Investment and Capacity Expansion - The production capacity for aluminum and titanium alloy products will significantly increase with the launch of the DST intelligent production line, laying a solid foundation for further development in military and civilian aircraft manufacturing [4] - Chengdu Hangfei aims to expand its market presence and profitability by leveraging its advanced production capabilities and strong brand recognition [4] Competitive Advantages - Chengdu Hangfei's main competitors include Chengdu Aileida, Sichuan Mingri Aerospace, and Chengdu Dekun [4] - Key competitive advantages include: - Brand recognition for stable quality and timely delivery [5] - Strong R&D capabilities and efficient product development processes [5] - A stable and efficient management team with deep industry understanding [5] - Ownership of the only advanced intelligent flexible processing line for aluminum alloy components in the domestic private sector [5] Future Plans - Chengdu Hangfei plans to enhance its intelligent manufacturing technologies and gradually shift from precision machining to component assembly [5] - The company aims to deepen its engagement with domestic military aircraft manufacturers and engine producers to increase production scale and profitability [5] - The acceleration of China's defense equipment development presents significant growth opportunities for Chengdu Hangfei [5]