Guangdong Hongda (SZ:002683)2022-12-03 09:06Group 1: Project Overview - The HD-1 project has a total research funding of 1.3 billion RMB, which includes over 800 million RMB for research and facility construction [3] - The project aims to shorten the development cycle from the conventional 3-5 years to approximately 1 year by utilizing mature technologies and resources [1][3] - The project employs a collaborative model with the National University of Defense Technology, sharing research funding and intellectual property [3] Group 2: Production and Delivery - The production line construction is expected to take about 1 year, with equipment installation following the completion of the facility [1] - The delivery cycle for the product is generally around 1 year after receiving orders [4] - The order model involves collecting a deposit from customers before production begins [3] Group 3: Market and Financial Aspects - The company has a strong presence in the mining service sector, generating an annual revenue of approximately 3-4 billion RMB [3] - In the explosives sector, the company ranks fourth nationally with a production capacity of 25.6 million tons [3] - The project is recognized as a key initiative by the Guangdong provincial government, which has provided financial support of 100 million RMB [4] Group 4: Technological Innovations - The core technology of the HD-1 project includes integrated design technology, solid ramjet engine technology, and advanced flight control technology [3] - The solid ramjet engine offers advantages such as high energy density, compact size, and low maintenance requirements [4]