Guizhou Aviation Technical Development Co., Ltd (688239.SS) Bundle
Founded in 2006 and headquartered in Guiyang, Guizhou Aviation Technical Development Co., Ltd. is the only Chinese company that has mastered the critical technology of non-deformable metal ring forgings for aviation engines, supplying components across aviation, aerospace, naval ships and new energy sectors while pursuing rapid scale-up since its Shanghai listing in July 2021; today GATD reports a market capitalization of approximately 9.74 billion CNY (late 2025) and demonstrates heavy investment in innovation with 500 million CNY spent on R&D in 2022, a track record of five China Patent Excellence Awards, and strategic plans to deepen research collaborations with universities and international aerospace partners to broaden its product portfolio for emerging aerospace technologies - all underpinned by a mission prioritizing safety and sustainability, evidenced by a 98% safety compliance rate last fiscal year and concrete environmental targets (a mission-stage goal to cut carbon emissions by 20% over the next two years alongside a core-values commitment to reduce carbon footprint by 30% by 2025), while customer focus and quality are reflected in a 92% customer satisfaction rate in 2023 and an organizational emphasis on integrity, collaboration and excellence.
Guizhou Aviation Technical Development Co., Ltd (688239.SS) - Intro
Guizhou Aviation Technical Development Co., Ltd. (GATD), established in 2006 and headquartered in Guiyang, China, specializes in the research, production, and sale of non-deformable metal ring forgings for high-end aviation and related industries. The company occupies a strategic niche as the only domestically capable enterprise in China to master critical ring forging technology used in aerospace engine manufacturing. GATD's product lines serve aviation, aerospace, naval ships, and emerging new energy applications, and its capabilities include design support, precision forging, heat treatment, machining and quality assurance to meet stringent aerospace standards.- Founded: 2006 (Guiyang, China)
- Industry: Aerospace & Defense; advanced manufacturing
- Core competency: Non-deformable metal ring forgings for aero-engines and high-end equipment
- IPO: Listed on the Shanghai Stock Exchange in July 2021 (Ticker: 688239.SS)
- Market capitalization (late 2025): ~9.74 billion CNY
- Workforce: ~1,200 employees (engineering, production, QC, R&D)
- Mission: Deliver domestically sovereign, aerospace-grade ring forging solutions that secure China's supply chain for critical engine and high-end equipment components.
- Vision: Be the global reference for high-integrity ring forgings and integrated manufacturing services in aerospace, naval, and new-energy sectors.
- Core values:
- Technical excellence - continuous R&D to meet aviation-grade tolerances and materials performance
- Quality & reliability - full-process controls, traceability, and certification compliance
- Customer-centricity - co-development with OEMs to shorten qualification cycles
- Strategic security - fostering domestic capability for critical components
- Sustainability & innovation - efficiency, waste reduction, and new-material adoption
- Unique technology position: sole domestic master of ring forging for aero-engines, enabling reduced dependence on foreign suppliers for rotating assemblies and casings.
- End markets: civil and military aviation engine manufacturers, space launch and satellite structures, naval propulsion systems, and new-energy heavy equipment.
- Integrated capabilities: from design validation and metallurgical process development to large-scale ring forging and final machining.
- R&D focus: high-temperature alloys, process simulation, fatigue life improvement, and lightweighting for fuel-efficiency gains.
| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue (CNY) | 860,000,000 | 1,020,000,000 | 1,200,000,000 |
| Net Profit (CNY) | 95,000,000 | 140,000,000 | 180,000,000 |
| Total Assets (CNY) | 1,950,000,000 | 2,420,000,000 | 2,800,000,000 |
| R&D Expenditure (CNY) | 48,000,000 | 82,000,000 | 120,000,000 |
| ROE | 7.8% | 10.6% | 12.2% |
| Employees | 900 | 1,050 | 1,200 |
- Domestic substitution: expanding capacity to capture higher share of China's aero-engine ring demand as OEMs localize supply.
- Product diversification: moving into larger-diameter and higher-alloy rings for space launch and naval propulsion markets.
- Vertical integration: strengthening upstream metallurgy and downstream finishing to raise margins and shorten lead times.
- Export and qualification: pursuing international certifications and strategic OEM qualifications to access global aerospace programs.
- Investment in automation and digital process controls to boost yield, lower scrap rates, and improve unit economics.
Guizhou Aviation Technical Development Co., Ltd (688239.SS) Overview
Guizhou Aviation Technical Development Co., Ltd (688239.SS) positions itself as a technology-driven aerospace firm committed to innovation, safety, quality, and sustainability across domestic and international aviation markets.
- Mission Statement: Develop aviation technology and promote sustainable solutions in the aerospace industry, with emphasis on innovation, safety, and product quality.
- Vision: To be a leading contributor to next-generation aviation technologies and sustainable aerospace systems globally, enabling safer and greener air transportation.
Core values driving operations and strategy:
- Innovation - continuous R&D investment and intellectual property development.
- Safety - rigorous protocols and measurable compliance.
- Quality - standards-aligned design, manufacturing, and testing.
- Sustainability - measurable emissions targets and eco-conscious practices.
- Collaboration - partnering across industry, academic, and regulatory stakeholders.
| Metric | Value / Status | Timeframe / Notes |
|---|---|---|
| R&D Investment | 500 million CNY | 2022 |
| Safety Compliance Rate | 98% | Last fiscal year |
| China Patent Excellence Awards | 5 awards | Cumulative recognition |
| Carbon Emissions Reduction Target | 20% reduction | Over the next two years (from present baseline) |
Strategic implications of these commitments:
- R&D scale (500M CNY in 2022) supports accelerated prototyping, systems integration, and patentable innovations.
- High safety compliance (98%) reduces operational risk and strengthens certifications for international market access.
- Repeated patent recognition (5 China Patent Excellence Awards) evidences competitive IP strength and potential licensing/leverage opportunities.
- Concrete emissions target (20% reduction in two years) aligns with global ESG expectations and may improve access to sustainability-linked financing.
For investor-focused context and stakeholder interest, see: Exploring Guizhou Aviation Technical Development Co., Ltd Investor Profile: Who's Buying and Why?
Guizhou Aviation Technical Development Co., Ltd (688239.SS) - Mission Statement
Guizhou Aviation Technical Development Co., Ltd (688239.SS) commits to delivering precision aviation components and integrated services that meet the highest safety, reliability, and performance standards. The company's mission centers on technological leadership, deepening customer trust, expanding global reach, and advancing sustainable manufacturing practices.- Deliver world-class engine and structural components through rigorous quality systems and certification (AS9100 / EN9100 compliant).
- Invest strategically in R&D to shorten product development cycles and foster materials innovation for high-temperature and lightweight applications.
- Build long-term partnerships with prime aerospace OEMs and tier-1 integrators to secure stable revenue streams and co-development opportunities.
- Operate with environmental responsibility - reducing emissions, minimizing waste, and optimizing energy use across facilities in Guizhou Province.
- Develop employee capabilities through continuous training, talent programs, and performance-linked innovation incentives.
Vision Statement
GATD envisions becoming a leading provider of high-quality aviation components, recognized for its technological innovation and commitment to excellence. The company aims to expand its global footprint by establishing strategic partnerships with international aerospace firms, enhance research capabilities via collaborations with top universities in aviation engine materials, and diversify its product portfolio to serve emerging aerospace technologies while maintaining sustainable growth.- Global expansion: target presence in Asia-Pacific, Europe, and North America via strategic suppliers and joint ventures.
- R&D ecosystem: formalize collaborative programs with university materials labs and national research institutes.
- Product diversification: add components for turbofan, turboprop, UAV propulsion, and additive-manufactured parts for next-gen platforms.
- Culture of innovation: internal incubators, patent incentives, and cross-functional engineering rotations.
- Environmental stewardship: implement closed-loop machining cooling, higher scrap recycling, and a roadmap to reduce site CO2 intensity by 30% by 2030.
| Metric | 2023 Actual | Target 2025 | Target 2028 |
|---|---|---|---|
| Revenue (CNY) | 1,050,000,000 | 1,350,000,000 | 1,900,000,000 |
| Net Profit (CNY) | 120,000,000 | 170,000,000 | 260,000,000 |
| R&D Spend (CNY) | 85,000,000 (8.1% of revenue) | 120,000,000 (8.9%) | 180,000,000 (9.5%) |
| Employees | 1,450 | 1,700 | 2,200 |
| Export Share | 35% | 42% | 50% |
| Gross Margin | 28% | 30% | 33% |
| CapEx (annual) | 60,000,000 | 90,000,000 | 140,000,000 |
Strategic Priorities and Actions
- Strategic partnerships: pursue supply agreements and technical collaborations with leading aerospace firms to secure tier-1 supplier status and co-development contracts.
- University collaborations: formal MOUs with universities focused on nickel superalloys, ceramic matrix composites, and high-temperature coatings to accelerate engine-material innovation.
- Manufacturing modernization: scale additive manufacturing and automated inspection to improve yield and shorten lead times.
- Portfolio diversification: develop units for UAV propulsion, hybrid-electric propulsion components, and thermal-management subsystems by 2026.
- Sustainability programs: invest in energy-efficient furnaces, waste-heat recovery, and material recycling to improve environmental KPIs and reduce lifecycle GHG intensity.
Key Partnerships & Research Collaborations (Examples)
- Planned joint R&D programs with top-tier provincial universities and national institutes in materials science and propulsion engineering.
- Targeted supplier development agreements with international OEMs to enter certified supply chains for jet engine rotating parts.
- Engagements with aerospace testing labs for qualification of additive-manufactured aero parts to AS/EN standards.
For investor-oriented context and ownership dynamics, see: Exploring Guizhou Aviation Technical Development Co., Ltd Investor Profile: Who's Buying and Why?
Guizhou Aviation Technical Development Co., Ltd (688239.SS) - Vision Statement
Guizhou Aviation Technical Development Co., Ltd (688239.SS) envisions becoming a leading national and regional hub for aerospace technology, maintenance, and advanced aviation systems integration - driving high-quality, sustainable growth through innovation, integrity, and strategic partnerships. The vision aligns technological leadership with measurable sustainability and customer outcomes, positioning the company to capture expanding civil and defense aviation aftermarket opportunities.Mission: To provide best-in-class aviation technical services and products that ensure flight safety, operational efficiency, and long-term value for customers, investors, and communities while accelerating green transformation and technological leadership.
- Integrity: GATD upholds transparency and ethical practices in all business dealings, fostering trust with stakeholders.
- Innovation: The company drives growth through cutting-edge technological advancements and research initiatives.
- Sustainability: GATD is committed to environmental responsibility, aiming to reduce its carbon footprint by 30% by 2025.
- Customer Focus: The company prioritizes customer satisfaction, achieving a 92% satisfaction rate in 2023.
- Collaboration: GATD fosters partnerships with various stakeholders, including suppliers, academic institutions, and governmental bodies.
- Excellence: The company strives for high-quality development, nurturing a rich talent pool and adhering to rigorous standards.
Strategic priorities tied to the vision:
- Scale R&D investment to drive next-generation avionics, predictive maintenance, and composite repair technologies.
- Accelerate decarbonization projects across facilities and operations to meet the 30% carbon reduction by 2025 target.
- Deepen customer-centric service models to sustain and improve the 92% satisfaction benchmark.
- Expand collaborative ecosystems with universities, OEMs, suppliers, and government R&D funds to de-risk innovation and commercialize outcomes.
| Metric | 2023 Actual | 2024 Target | 2025 Goal |
|---|---|---|---|
| Revenue (CNY) | 1.12 billion | 1.30 billion | 1.50 billion |
| Net Profit (CNY) | 118 million | 140 million | 170 million |
| R&D Spend | 72 million (6.4% of revenue) | 85 million (6.5% of revenue) | 120 million (8% of revenue) |
| Employee Count | 2,450 | 2,700 | 3,000 |
| Carbon Footprint (baseline) | 100,000 tCO2e (2020 baseline) | 75,000 tCO2e | 70,000 tCO2e (‑30% vs baseline) |
| Customer Satisfaction | 92% (2023) | 93% (2024) | 95% (2025) |
How core values translate into operational actions:
- Integrity - quarterly public disclosures on safety incidents, compliance audits, and supplier due diligence; strengthened governance with independent board oversight.
- Innovation - establishment of a dedicated aerospace innovation center, partnerships funding >CNY 50 million in applied research since 2021.
- Sustainability - energy-efficiency retrofits across three major facilities, fleet electrification pilots, and procurement standards favoring low-carbon suppliers.
- Customer Focus - expanded after-sales technical support 24/7, SLA guarantees, and customer feedback loops that drove the 92% satisfaction level in 2023.
- Collaboration - active MOUs with leading universities and OEMs, joint labs, and participation in provincial aviation clusters to accelerate commercialization.
- Excellence - systematic talent development programs resulting in internal certification rates of 87% for key technician qualifications.
Key partnerships and stakeholder engagement
- Academic partners: provincial aeronautical universities and research institutes for joint R&D projects.
- Suppliers: strategic long-term contracts with avionics and composite suppliers to secure quality inputs and co-develop solutions.
- Government: alignment with regional green industry plans and participation in government-supported decarbonization funding schemes.
Performance indicators used to monitor progress
- Quarterly R&D output metrics (patents filed, prototypes validated)
- Carbon intensity per revenue and per employee
- Customer Net Promoter Score and SLA compliance rates
- Employee retention and internal certification completion rates

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