The Pacific Securities Co.Ltd(601099) 0408 released the research report, saying that it maintained the buying rating of Aecc Aero-Engine Control Co.Ltd(000738) ( Aecc Aero-Engine Control Co.Ltd(000738) .sz, latest price: 22.67 yuan). The reasons for rating mainly include: 1) focus on the core main business, increase the growth rate of revenue, and deduct the non parent net profit, with a year-on-year growth rate of 50%; 2) During this period, the cost rate decreased significantly and the R & D investment increased; 3) Contract liabilities increased explosively and orders in hand were full; 4) The fixed increase will be implemented, and the raised investment projects will release the production capacity; 5) The amount of related party transactions in 2022 is expected to increase significantly; 6) The expectation of military aircraft accelerated loading is strong, and policy support helps high growth; 7) The domestic substitution of civil aviation engines is imperative and is expected to break the performance ceiling in the long run; 8) The customer base is solid, and the international cooperation business is expected to recover. Risk warning: military aircraft train loading is not as expected; The expansion of civil products business was less than expected.
AI comments: Aecc Aero-Engine Control Co.Ltd(000738) in the past month, it has received the attention of 6 research reports of securities companies, bought 5 and increased its holdings of 1. The average target price is 31.42 yuan, which is 8.75 yuan higher than the latest price of 22.67 yuan, and the average target price increases by 38.6%.
