① In the first half of this year, Aerospace Huanyu's revenue increased 55.34% year on year, and net profit increased 28.67% year on year; ② Judging from its product revenue structure, aerospace process equipment revenue constituted the main contribution, accounting for 67.71% of total revenue, and a year-on-year increase of 20%; ③ Aerospace Huanyu said that its 132-acre drone industrial park project in Zigong, Sichuan is currently in the inspection stage and is expected to be gradually put into operation in October.
“Science and Technology Innovation Board Daily”, August 21 (Reporter Huang Xiumei) Aerospace Huanyu announced this evening (August 21) that with the increase in aviation process equipment revenue, in the first half of this year, the company achieved revenue of 0.168 billion yuan, an increase of 55.34%. In the same period, Aerospace Huanyu achieved net profit of 22.83 million yuan, an increase of 28.67% over the previous year; R&D investment accounted for 15.10% of revenue, a decrease of 6.74 percentage points.
Aerospace Huanyu specializes in R&D, production, sales and supporting services for aerospace products, aerospace process equipment, aviation products and communication products. It is one of the main suppliers to research institutes and general units under large central enterprises such as Aerospace Science and Technology, Aerospace Science and Industry, China Aviation Industry, COMAC, and Starnet Group. It is also one of the major enterprises in the commercial aerospace satellite industry chain that has received much attention from the market.
(Aerospace Huanyu's quarterly results)
Looking at the company's revenue by product in the first half of the year, aerospace process equipment revenue was 0.114 billion yuan, an increase of 20% over the previous year, accounting for 67.71% of total revenue, making it the largest revenue product. Its revenue from aerospace and communications products was 48.5 million yuan, accounting for 28.92% of total revenue; revenue from aviation products was 5.396 million yuan, accounting for 3.22% of total revenue.
According to Space Huanyu's response on the investor interactive platform on June 11 this year, it participated in product packages such as low-orbit Internet satellite space-borne antennas, low-orbit Internet ground station antenna packages, star structures, and solar wings.
Its semi-annual report shows that among the space huanyu research projects, a total of 4 major projects are related to the commercial space satellite field. As of the end of the first half of this year, all of the above R&D projects are in the design phase.
Aerospace Huanyu said that in the first half of this year, many R&D work in the company's four major business segments made progress.
Among them, in the satellite communication and measurement and control testing equipment sector, the company has mainly completed the development and delivery of products such as the “Thousand Sails” constellation 4.5 meter measurement and control sky feedback, the “Thousand Sails” constellation 1.8 meter feeder, and large static area compression field reflective surfaces;
In the aerospace product segment, the company mainly completed the production and delivery of products such as space-borne feedstocks, space-borne communication antennas and devices, space-borne laser terminal structural parts, space expansion arm structural parts, navigation enhancement antennas, and flexible solar wing substrates;
In the aerospace process equipment sector, the company mainly completed the development and delivery of products such as C919 batch auxiliary tooling, C929 wing wall plate curing and bonding tooling, multi-type intake channel molding tooling, wing skin molding tooling, and engine blade molding tooling;
In the aviation products sector, the company mainly completed the production and delivery of products such as intake channels, short cabin fan covers, airframe structural parts, wing, V-tail, and chassis parts for various models.
It is worth mentioning that Aerospace Huanyu has begun construction of the Aerospace Huanyu Aviation Industrial Park in Changsha, Hunan. The industrial park plans industrialization capabilities for satellite communication antennas, measurement and control test antennas, high-end composite components, and large-scale high-precision testing equipment.
Its semi-annual report shows that by the end of the first half of this year, the Aerospace Global Aviation Industrial Park had completed construction of more than 0.1 million square meters. Relevant high-end R&D, production, and testing equipment was being procured, and some of the equipment had already been installed and commissioned.
Aerospace Huanyu said that the industrial park's industrialization capabilities in the satellite communications and measurement and control testing equipment sector and composite material product sector have begun to bear fruit.
In addition, Aerospace Huanyu's 132-acre drone industrial park project in Zigong, Sichuan, has also completed groundbreaking and construction work has been successfully carried out. The construction of the park is currently in the project acceptance stage and is expected to be gradually put into operation in October.