ZONGSHEN POWER(001696)2025-04-21 07:22Group 1: Impact of Tariffs - The company's domestic sales accounted for 51.99% of total revenue, while export sales made up 48.01%, indicating a higher reliance on domestic markets [1] - The company has shifted its export capacity to Vietnam to mitigate the impact of U.S. tariffs, resulting in minimal effects on its overall operations [1] - The tariff situation may accelerate industry consolidation, as smaller manufacturers lacking international capabilities may lose orders, prompting clients to seek more stable suppliers [2] Group 2: Aviation Engine Sector - The company entered the aviation engine sector in 2014 and has developed five major aviation power platforms, launching over 20 derivative products [2] - The company aims to become a leading domestic and internationally recognized player in the small to medium-sized aviation power market [2] Group 3: Technological Transformation - The company believes that there are no sunset industries, only sunset enterprises, and has solidified its leadership position through digitalization and smart manufacturing [3] - Efforts to enhance production management efficiency and core competitiveness are ongoing, with significant growth potential anticipated [3] Group 4: Stock Performance and Market Perception - The company's strong fundamentals and continuous profitability have not yet been reflected in its stock price, which is influenced by broader market sentiment and expectations [3] - The company projects a 70%-100% increase in net profit attributable to shareholders for Q1 2025, showcasing its operational efforts and industry context [3]