The main engine units of the aviation industry ended successfully, and the “14th five year plan” high-quality development won the first victory: on December 28, Chengdu Airlines successfully completed the scientific research and production task in 2021 five days ahead of schedule, and achieved the “2323” balanced production goal; On December 26, Jiangxi Hongdu Aviation Industry Co.Ltd(600316) completed the annual production flight test seven days in advance, and Shaanxi Airlines completed the flight test batch production seven days in advance. Previously, Avic Shenyang Aircraft Company Limited(600760) was 16 days in advance, Changfei was 16 days in advance, Avic Xi’An Aircraft Industry Group Company Ltd(000768) was 9 days in advance, and Hafei completed the annual batch production test flight task one week in advance. The advance payment received by the main engine factory + contract liabilities verified the explosive growth of downstream demand, expanded production in all links of the aviation industry chain, achieved the goal of “guaranteed delivery”, and the prosperity transmission was orderly. Under the “1 + 1 + n” development mode, we have strengthened military civilian integration and industrial integration, effectively created a number of aviation manufacturing agglomeration platforms and built a new system of aviation industry.
The transformation and upgrading of military training has been promoted, and a new situation has been opened in military training in the new era: in a speech made by the Ministry of national defense on December 30, it was pointed out that since this year, the whole army has adhered to the implementation of the Xi Jinping training mobilization order and the spirit of the military training conference of the Central Military Commission, focused on war preparation, accelerated the transformation and upgrading of military training, and opened a new situation and made new steps in military training in the new era. Vigorously promote the in-depth coupling and integrated operation of combat training, focus on intensive training for emergency response, make it more targeted, and form a normal for front-line military training in military struggle. Military training aims at the future battlefield, deeply study major key issues of the overall situation, explore “science and technology +” and “network +” training methods, optimize the layout of training support system, and expand and deepen foreign military training exchanges and cooperation. The 14th five year plan is the key five years to achieve the Centennial goal of building a strong army. There is an urgent need for iteration of advanced weapons and equipment. Under the pattern of “small core and large cooperation”, the market space of military civilian integration equipment is broad.
Grasp the main line of aviation equipment investment, and the independent and controllable growth of military electronics is high: 1) the contract liabilities of the main engine factory + verification of advance receipts, and the growth of the aviation industry chain will continue to be realized. The performance transmission is effective. From the main engine plant and engine system, to the engine body system and parts, and then to the upstream raw material plate, the whole industry chain has strong momentum and certainty. The OEM pays attention to Avic Shenyang Aircraft Company Limited(600760) , Avic Xi’An Aircraft Industry Group Company Ltd(000768) , Jiangxi Hongdu Aviation Industry Co.Ltd(600316) , Avicopter Plc(600038) , Aecc Aviation Power Co Ltd(600893) ; Body system concerns Avic Electromechanical Systems Co.Ltd(002013) , China Avionics Systems Co.Ltd(600372) , Aecc Aero-Engine Control Co.Ltd(000738) , Beijing Beimo High-Tech Frictional Material Co.Ltd(002985) ; Aviation parts focus on Avic Heavy Machinery Co.Ltd(600765) , Wuxi Paike New Materials Technology Co.Ltd(605123) , Guizhou Aviation Technical Development Co.Ltd(688239) , Chengdu Ald Aviation Manufacturing Corporation(300696) ; Metal materials focus on Western Superconducting Technologies Co.Ltd(688122) , Baoji Titanium Industry Co.Ltd(600456) , Gaona Aero Material Co.Ltd(300034) , Jiangsu Toland Alloy Co.Ltd(300855) . 2) The certainty of missile weapons and equipment benefits from practical military training. The independent control of military electronics in the field of high-end equipment brings high growth. We pay attention to Chengdu Tianjian Technology Co.Ltd(002977) , Beijing Relpow Technology Co.Ltd(300593) , Avic Jonhon Optronic Technology Co.Ltd(002179) , Guizhou Space Appliance Co.Ltd(002025) , Beijing Yuanliu Hongyuan Electronic Technology Co.Ltd(603267) , Beijing Fjr Optoelectronic Technology Co.Ltd(688272) .
Risk warning: the epidemic situation fluctuates and the military expenditure investment is less than expected; Equipment R & D progress and procurement progress are less than expected; Mass production leads to price decline; Industry competition intensifies.
