The year 2023 has just begun, the helicopter flagship listed company called!
China straight shares on the evening of January 9 disclosure of major asset reorganization plan. The company intends to buy Changhe Aircraft Industry (Group) Limited Liability Company (referred to as "Changfei Group") 100% equity, Harbin Aircraft Industry Group Limited Liability Company (referred to as "Hafei Group") 100% equity. After the completion of the transaction, Changfei Group and Hafei Group will become wholly-owned subsidiaries of CSC. After the completion of the transaction, will realize the aviation industry group helicopter business A share overall listing.
When the news came out, the stock bar was abuzz, some shareholders said: "resumed trading, began to count the board".
Industry insiders said, the reorganization of China's direct shares, the two helicopter assembly of high-quality assets into the domestic helicopter assets will actively promote the integration of helicopter assets, to create a helicopter with core competitiveness and market influence of the flagship of the listed company, significantly improve the quality of the company's assets and operational efficiency.
Injection of high-quality assembly assets
Central straight shares is the largest domestic helicopter manufacturing industry, the highest output value, the most complete product series of leading enterprises. The company's existing core products not only involve helicopter parts manufacturing business, but also covers the civil helicopter machine, aviation subcontract production and customized services, builds the system and integration level solution advantages, and becomes the domestic leading helicopter and general aviation system integration and machine product suppliers.
Public information shows that Changfei Group is China's helicopter research and production base and aviation industry backbone enterprises. The company's main products are straight 8, straight 10, straight 11, AC313, AC311, AC310 and other series of helicopters, with strong research and production and technical strength.
Hafei Group is also one of the main helicopter research and production bases in China. In recent years, Hafei Group has accelerated the upgrading of its aviation products and has formed the "Direct 9 series, Direct 19" military helicopters, "AC312 series, AC352" civil helicopters and "Transport 12E" helicopters. In recent years, the company has accelerated the upgrading of aviation products and formed a product system represented by "D-9 series and D-19" military helicopters, "AC312 series and AC352" civil helicopters, and "YUN12E and YUN12F" fixed-wing airplanes, and constructed a product pattern of multiple types and series development. It is worth mentioning that the company's composite material design and verification of a number of technologies in the domestic leading position, is the largest aviation composite parts production base. The company also undertook the transportation 20, C919 aircraft large parts development and production tasks.
The reorganization proposal shows that Changfei Group in 2020, 2021, respectively, to achieve revenue of 10.702 billion yuan, 13.718 billion yuan, respectively, to achieve net profit attributable to the owners of the parent company 202 million yuan, 264 million yuan.
Hafei Group will realize revenue of 8.158 billion yuan and 10.231 billion yuan in 2020 and 2021, respectively, and net profit attributable to owners of the parent company of 123 million yuan and 103 million yuan, respectively.
It is reported that AVIC is the controlling shareholder of Changfei Group and Hafei Group, and Aviation Industry Group is the actual controller of Changfei Group and Hafei Group.
This time, CSC intends to issue shares to AVIC to purchase its 92.43% equity interest in Changfei Group and 80.79% equity interest in Hafei Group, and intends to issue shares to Aviation Industry Group to purchase its 7.57% equity interest in Changfei Group and 19.21% equity interest in Hafei Group.
Zhongzhi shares said, this transaction will inject the aviation industry group helicopter field quality assets, further realize the aviation industry group helicopter business integration, enhance the listed company's research and development and innovation ability, resource integration ability, through the specialization of the integration, to support the helicopter industry as a whole structural system, stronger and more sophisticated main business, to create a specialized leading listed companies.
Helicopter industry market
In recent years, the state has introduced a number of policies to actively promote the development of strategic emerging industries, including aviation equipment manufacturing, and to encourage the construction of aviation emergency rescue system and the development of the general aviation industry, for the helicopter industry has brought about a good opportunity for development.
The "14th Five-Year Plan" for the construction of emergency rescue forces puts forward the promotion of the normalization of the deployment of aviation emergency rescue forces, improve the layout of heavy helicopters, small and medium-sized helicopters.
The Outline of the Strategic Plan for Expanding Domestic Demand (2022-2035) clearly puts forward, in terms of emergency rescue, to strengthen the construction of emergency rescue forces, improve the aviation emergency rescue system, and promote the research and development of new intelligent equipment, aviation firefighting aircraft, special rescue equipment, special engineering machinery and equipment; and in terms of the active development of service consumption, to release the potential of general aviation consumption.
It is worth mentioning that the helicopter as a rotary-wing aircraft, with special flight performance, with fixed-wing aircraft irreplaceable advantages, is an important class of civilian and military general aviation equipment. It has a key role in general aviation, emergency rescue, medical rescue, police, national defense and other application areas. Relevant industry insiders said that with the development of related applications, the helicopter industry will also usher in a good opportunity for development.
Central Pacific Securities believes that the helicopter industry chain has a good long-term outlook. As the largest domestic helicopter manufacturing industry, the highest output value, the most complete product series of the main force, is expected to give priority to benefit from the advanced helicopter batch production, optimistic about the long-term development of the company.