AECC AP(600893)2024-09-20 09:47Group 1: Market Outlook - The commercial aviation engine market in China is projected to deliver approximately 18,000 units over the next 20 years, with a delivery value exceeding 16 billion annually [1]. Group 2: Company Performance - In the first half of 2024, the company achieved operating revenue of 18.5 billion yuan, representing a year-on-year growth of 4.35% [2]. - The parent company's revenue increased by 17.15% compared to the same period last year, but profitability remained relatively stable due to significant financing needs to meet production tasks [2]. Group 3: Supply Chain Management - The company is enhancing its supply chain by developing supplier cultivation plans, expanding the selection of core suppliers, and implementing quality improvement programs to boost delivery quality [2]. Group 4: Subsidiary Operations - The subsidiary, Lite Company, focuses on international and domestic civil aircraft markets, primarily engaging in foreign trade contracting and domestic civil aviation engine component production [3]. - Lite Company is a key supplier in the global aviation engine supply chain and is expected to gain a significant position in the domestic civil aviation engine market as the development of domestic large aircraft engines progresses [3].