通达股份(002560) - 通达股份调研活动信息

Group 1: Company Overview - Henan Tongda Cable Co., Ltd. acquired 100% of Chengdu Hangfei Aviation Equipment Manufacturing Co., Ltd. in 2016, making it a key support point for the company's military strategy [2][3] - Chengdu Hangfei specializes in precision processing services for military and civilian aircraft components, with a strong reputation in the industry [3] Group 2: Operational Performance - In Q1 2020, Chengdu Hangfei achieved a net profit of approximately 14 million yuan [4] - The company resumed operations on February 10, 2020, after receiving government approval, and has since restored production capacity to pre-holiday levels [4] Group 3: Impact of COVID-19 - The company established a special task force on February 1, 2020, to manage the pandemic response and ensure safe production [4] - Despite some impact on foreign trade due to the pandemic, recent improvements have led to a gradual normalization of export operations [4] Group 4: Future Development and Market Trends - The company anticipates continued growth in production capacity over the next 3-5 years, driven by increased defense spending and new project developments [5] - Chengdu Hangfei plans to focus on high-voltage power and urban rail transit sectors, which align with national infrastructure initiatives [4][5] Group 5: Competitive Advantages - Chengdu Hangfei has established a strong brand reputation and technical expertise in the aviation parts manufacturing sector [5] - The company operates the only advanced aluminum alloy flexible processing production line in the domestic private sector, significantly enhancing manufacturing precision and efficiency [6] Group 6: Market Outlook - As of the end of 2018, there were 53,953 military aircraft globally, with China having significant room for growth in military aircraft numbers [6] - China's defense spending is expected to continue increasing, leading to stable demand growth for military aircraft components [6]