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Downstream demand adjustments affecting profits, aviation materials company plans to optimize product structure. Titanium alloy intermediate cases have already entered mass production. | Direct hit earnings conference
1. Ye Zhongming introduced that the fastest growing business sector in the company is basic materials, and will actively respond to changes in market demand to ensure the completion of the annual operation tasks; 2. Yang Hui stated that in the international aerospace field, the company's titanium alloy intermediate machine casings and other products have achieved mass production in the civil aviation field, and generated revenue, with revenue exceeding 0.1 billion yuan in the first three quarters.
A-shares and Hong Kong stocks are all up! The gem rose by 4%, the SSE 50 rose by 6.3%, defense stocks led the gains, with Avic Shenyang Aircraft hitting the limit up.
On Tuesday, November 5th, A-shares opened low and went high, with the sse composite index up 1.03%; the shenzhen component index up 1.52%; the chinext price index up more than 4%. Beixin 50 rose by 6.3%. The military industry, cni xiangmi lake fintech index, and lithium battery sectors are active. The 15th China International Aviation and Aerospace Exhibition is about to kick off, and the medium-sized stealth multi-purpose fighter jet J-35A will have the opportunity to make an appearance.
Sinofibers technology's senior management faced a 'earthquake': the general manager was fired after conflicting with the director, accusing the director of illegal activities and violations | Quick read announcement.
①Sinofibers Technology announced that Wen Yuefang is no longer suitable to serve as the company's general manager and has decided to dismiss her from the position of general manager; ② This afternoon, a Douyin account named 'Wen Yuefang' posted multiple contents directly accusing her of having conflicts with Chairman Yang Yonggang, and also accusing Yang Yonggang of violating laws and disciplines; ③ The motion to dismiss Wen Yuefang had 2 votes against, and the company claimed that due to poor management at the operational level, the company seal and the legal representative's seal were lost.
Avic Shenyang Aircraft: Established demand did not sign contracts as scheduled, net income in the first three quarters decreased by more than 20% year-on-year | Interpretations
Due to the impact of the contract signing progress, avic shenyang aircraft's Q3 performance slowed down; The company's net income in the first three quarters decreased by more than 20% year-on-year.
Market demand leads to reduced product deliveries, with the drone's Q3 net profit hitting a new low for a single quarter in nearly two years.
1. Due to reduced market demand and increased research and development investment, the company has been operating at a loss for three consecutive quarters, with net income in the third quarter of this year hitting a nearly two-year low; 2. In the third quarter of this year, its total research and development investment amounted to 63.534 million yuan, a year-on-year increase of 163.72%.
It is expected that relevant national authorities will establish a low-altitude economic regulatory bureau.
①The establishment decision has been approved, and the new bureau is currently in preparation; ② The low-altitude economy set up a dedicated bureau, which can better coordinate resources at all levels to promote industrial development.