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Hangyu Technology (688239.SH): Has already supplied components to commercial aerospace clients such as LandSpace.
Gelonghui, June 9 — Hangyu Technology (SHA: 688239) stated on an investor interaction platform that the global commercial aerospace industry is in a phase of rapid development, with commercial aerospace companies both domestically and internationally scaling up and becoming increasingly capitalized, which is expected to drive sustained demand for supporting products over the medium to long term. The company currently supplies commercial aerospace clients such as LandSpace with aerospace engines and ring forgings for launch vehicle structures. Going forward, it will continue to strengthen its manufacturing processes and delivery capabilities to seize industry opportunities. However, uncertainties remain, including technological iteration and client project timelines, and the company will prudently expand its related business operations.
Express News | Gas turbine-related stocks weakened collectively, with Weichai Power hitting the daily trading limit down.
Hangyu Technology (688239): Q1 Earnings Beat Expectations, Highlighting Success of Global Expansion
Event: The company released its 2025 annual report and Q1 2026 report. In 2025, the company generated revenue of RMB 2.03 billion, an increase of 12.6% year-over-year; net profit attributable to shareholders was RMB 190 million, a decrease of 1.4% year-over-year.
Q&A with the Company | Hangyu Technology: The company's new construction and capacity expansion projects both domestically and internationally are proceeding steadily according to plan, with overall progress meeting expectations.
Gelonghui May 12th | An investor asked Hangyu Technology on an interactive platform: What is the current capacity load of Hangyu Technology's various production lines? Are the new project schedules proceeding as expected? When are they planned to reach full production? Hangyu Technology replied that its existing production lines are currently operating normally, and production and deliveries are proceeding in an orderly manner. The company’s new and expanded projects both domestically and internationally are advancing steadily according to plan, with overall progress meeting expectations. In the future, the additional capacity will gradually ramp up and be released based on project construction progress, equipment debugging, and market demand conditions. Due to various objective factors affecting project construction and capacity release, there remains a certain degree of uncertainty.
Q&A with the Company | Hangyu Technology: Chengdu Chenghangfa is currently incurring losses, primarily due to being in the post-merger integration phase and strategic investment period, representing a temporary loss.
Gelonghui May 12 | An investor asked Hangyu Technology on an interactive platform: Why is the newly acquired Chengdu Hangfa operating at a loss? Is there confidence in turning a profit this year, and what is the basis for this? Hangyu Technology responded that Chengdu Hangfa is currently incurring losses primarily due to being in the post-acquisition integration phase and a period of strategic investment. Increased investments in new production lines, R&D, and market expansion have been made, but business synergies and capacity benefits have yet to be fully realized, resulting in temporary losses. Moving forward, efforts will focus on deepening internal collaboration, strictly controlling costs, fulfilling orders, and accelerating capacity utilization. For specific operational updates, please refer to the company's subsequent announcements and periodic reports.
Hangyu Technology (688239) 2025 Annual Report and 2026 Q1 Earnings Commentary: Orders in hand as of the end of 2025 increased by 33% year-on-year; foreign trade market maintains high prosperity.
Event: Recently, the company released its 2025 annual report, achieving full-year revenue of 2.03 billion yuan, YOY +12.6%; net profit attributable to shareholders was 190 million yuan, YOY -1.4%. The company also released its Q1 2026 report.