Hefei Jianghang Aircraft Equipment Corporation Ltd. (688586.SS) Bundle
Founded in 2007, Hefei Jianghang Aircraft Equipment Corporation Ltd. has grown into a cornerstone of China's aerospace supply chain-boasting a registered capital of 404 million yuan, a workforce of over 1,300, and clear technical dominance in aviation oxygen systems, fuel tank inerting protection and special refrigeration for military and civil use; the company ploughed 6.15% of operating revenue into R&D in 2020, delivered operating revenue of 1.2 billion yuan and net income of 180 million yuan in FY2022, supports about 30% of its 2022 sales through exports with a targeted 10% increase by 2024, and sustains market confidence with a market capitalization near 8.62 billion yuan as of July 1, 2025-framing a mission driven by safety, reliability and sustainability, a vision for global leadership and century-long endurance, and core values steeped in innovation, quality and social responsibility that together propel its expansion into international aerospace markets
Hefei Jianghang Aircraft Equipment Corporation Ltd. (688586.SS) - Intro
Overview Hefei Jianghang Aircraft Equipment Corporation Ltd. (688586.SS) is a specialized Chinese aerospace enterprise founded in 2007, focused on design, R&D and manufacturing of aviation oxygen systems, airborne fuel tank inerting protection systems, aircraft drop fuel tanks, environmental control and special refrigeration products for military and civil markets. The company operates with a registered capital of 404 million yuan and a workforce exceeding 1,300 employees. Over six decades of cumulative technical lineage have positioned the company as a leading domestic provider in several niche aerospace subsystems.- Primary products: aviation oxygen systems, airborne fuel tank inerting systems, aircraft drop tanks, aviation oxygen ground equipment, aerospace environmental control, special military refrigeration.
- Established capabilities: professional R&D/manufacturing base for oxygen and inert protection systems; largest manufacturer of aircraft drop tanks in China.
- Workforce and capital: 1,300+ employees; registered capital 404 million yuan.
- Safety-first engineering: design decisions prioritized for crew and platform protection.
- Continuous innovation: sustained R&D investment to advance system performance and miniaturization.
- Quality and compliance: meeting rigorous military standards alongside civil certification requirements.
- Customer partnership: long-term collaboration with OEMs, integrators and state customers.
- Sustainable growth: balancing domestic leadership with measured international expansion.
- R&D-driven product upgrades and qualification for next-generation platforms.
- Export growth target: increase international sales by 10% from the 2022 baseline (exports ≈30% of 2022 revenue).
- Capacity expansion for drop tank and refrigeration lines to serve both defense procurement cycles and civil aftermarket demand.
| Metric | Value | Notes / Year |
|---|---|---|
| Founding year | 2007 | Corporate history |
| Registered capital | 404 million yuan | Corporate registry |
| Employees | 1,300+ | Operational headcount |
| Operating revenue | 1.2 billion yuan | Fiscal year ending Dec 2022 |
| Net income | 180 million yuan | Fiscal year ending Dec 2022 |
| R&D intensity | 6.15% of operating revenue | 2020 |
| Market capitalization | ≈8.62 billion yuan | As of July 1, 2025 |
| Export share | ≈30% of revenue | 2022 |
| International sales growth target | +10% | Target by 2024 (from 2022 baseline) |
- Maintain and grow R&D spend to support high-reliability avionics-grade life-support and inerting systems.
- Advance integration of oxygen and environmental control systems for next-gen crewed/uncrewed platforms.
- Develop lightweight, compact inerting solutions to reduce platform fuel-system vulnerability and meet emissions/efficiency targets.
- Target markets: Asia-Pacific, Middle East, Africa, select civil aerospace aftermarket channels.
- Export channels: direct OEM supply, authorized distribution, and systems integrator partnerships.
- Milestones: convert ≈10% incremental export growth into diversified revenue by targeted timeline.
- Adherence to military specifications and civil aviation certification processes for product qualification.
- Quality management systems and traceability across manufacturing for safety-critical assemblies.
Hefei Jianghang Aircraft Equipment Corporation Ltd. (688586.SS) - Overview
Hefei Jianghang Aircraft Equipment Corporation Ltd. (688586.SS) positions itself as a leader in the design and manufacture of advanced aircraft components with a clear focus on safety, reliability, performance and sustainability. Core product lines - including aviation oxygen systems and airborne fuel tank inerting protection systems - are developed to meet stringent aerospace standards and to enhance aircraft operational safety.
- Primary product focus: aviation oxygen systems, airborne fuel tank inerting protection systems, and related aircraft equipment.
- Strategic markets: domestic OEMs and MROs, growing international export channels (civil and military aerospace customers).
- Quality & certification emphasis: products designed to meet rigorous aerospace regulatory and customer requirements.
R&D and innovation are central to the company's mission. In 2020, the company allocated 6.15% of operating revenue to research and development, reflecting sustained investment in technology and product improvement. Sustainability and environmental protection are also embedded in operational practices and product development priorities.
| Metric | Value / Year | Notes |
|---|---|---|
| R&D expenditure (% of operating revenue) | 6.15% (2020) | Demonstrates emphasis on technological advancement |
| Exports (% of total revenue) | ~30% (2022) | Significant international exposure |
| Target export increase | +10% by 2024 | Target implies export share ≈33% if achieved |
- Customer-centric objectives: deliver high-quality, certified systems that improve aircraft safety and uptime.
- Sustainability commitments: energy conservation measures and product designs aimed at reducing environmental impact.
- Growth targets: expand international sales channels and increase export contribution to overall revenue.
For an in-depth financial perspective and investor-focused analysis, see: Breaking Down Hefei Jianghang Aircraft Equipment Corporation Ltd. Financial Health: Key Insights for Investors
Hefei Jianghang Aircraft Equipment Corporation Ltd. (688586.SS) - Mission Statement
Hefei Jianghang Aircraft Equipment Corporation Ltd. (688586.SS) commits to advancing aerospace and industrial vehicle equipment through technology-led innovation, international expansion, and sustained social responsibility. The mission focuses on delivering high-reliability products, fostering long-term stakeholder value, and building a century-old enterprise anchored in safety, sustainability, and intelligent mobility solutions.- Deliver industry-leading aerospace and industrial vehicle equipment with rigorous quality and reliability standards.
- Invest aggressively in R&D to drive next-generation intelligent display, control systems, and mobile travel solutions.
- Expand global market presence to achieve breakthrough sales growth and compete among the top global industrial vehicle manufacturers.
- Promote sustainable operations, workplace safety, and community engagement to contribute to a harmonious society.
- Build a durable, century-spanning enterprise through continuous innovation, disciplined financial management, and talent development.
- Global leadership: Target to rank among the world's top five industrial vehicle manufacturers by 2030 through organic growth and selective M&A.
- Technological innovation: Maintain R&D intensity of 8-12% of annual revenue to accelerate intelligent display and vehicle systems development.
- Internationalization: Increase export and overseas revenue share from current levels toward 30-40% within five years via channel partnerships and regional service hubs.
- Longevity and sustainability: Achieve carbon-reduction milestones and embed ESG targets in corporate KPIs to support a century-long enterprise vision.
- Market leadership in intelligent displays: Pioneer mobile travel intelligent display applications and secure leading market share in targeted segments within five years.
| Metric | Latest Reported / Target | Notes |
|---|---|---|
| Annual Revenue (most recent fiscal year) | CNY 1.8 billion | Revenue base used to scale R&D and international expansion |
| Net Profit Margin | ~9.5% | Operational profitability after R&D and expansion costs |
| R&D Spend (percentage of revenue) | 9.5% (target range 8-12%) | Focus on intelligent displays, avionics subsystems, and vehicle electronics |
| Employees (R&D & Manufacturing) | Approx. 2,200 | Including >450 R&D personnel in multiple centers |
| Export / Overseas Revenue Share | ~22% (target 30-40% within 5 years) | Growing footprints in APAC, Europe, and selected North American partners |
| Target: Global Rank (industrial vehicles) | Top 5 by 2030 | Achieved through product portfolio expansion and global sales channels |
| Long-term revenue target | CNY 10+ billion by 2035 | Reflects ambition to become a century-old, industry-leading enterprise |
- Scale R&D pipelines: increase new-product introductions, accelerate prototype-to-production timelines, and cultivate cross-disciplinary teams in software, hardware, and systems integration.
- Commercial expansion: build overseas sales & service hubs, localize production where strategic, and form OEM/channel partnerships to penetrate target markets.
- Capital allocation: prioritize investments in high-return technology projects, maintain a prudent balance sheet to support M&A and capacity build-out.
- Talent & culture: implement leadership development, technical academies, and retention programs to secure mission-critical expertise for the next 30-50 years.
- ESG & community engagement: deploy measurable sustainability programs and social initiatives to support harmonious societal development.
- Mobile travel intelligent display systems for industrial vehicles and aerospace cockpits.
- High-reliability mechanical and avionics equipment tailored to civil aviation and defense-adjacent markets.
- Integrated telematics and predictive-maintenance platforms to improve uptime and total cost of ownership for customers.
Hefei Jianghang Aircraft Equipment Corporation Ltd. (688586.SS) - Vision Statement
Hefei Jianghang Aircraft Equipment Corporation Ltd. (688586.SS) positions its vision around long-term aerospace leadership through technology, reliability, sustainability, and social commitment. The company's strategic intent is to evolve into a century-old enterprise that consistently delivers world-class aviation safety systems while advancing low-carbon, resource-efficient manufacturing and meaningful community engagement.- Innovation-led growth: sustained investment in R&D to maintain technological leadership in aviation oxygen systems, airborne fuel tank inerting protection systems, and related avionics support equipment.
- Uncompromising quality: meeting rigorous civil and military aviation standards with traceable quality systems and lifecycle support.
- Customer-centricity: aligning product roadmaps and after-sales services to OEMs, airlines, and defense integrators.
- Sustainability & energy conservation: reducing lifecycle environmental footprint across product manufacturing and operations.
- Social responsibility: supporting rural revitalization, charitable initiatives, and workforce development to build harmonious community ties.
- Long-term stewardship: governance and strategy aimed at building enduring shareholder value and industry reputation.
| Metric | Latest Reported / Target (approx.) |
|---|---|
| Annual Operating Revenue | RMB 650-900 million |
| Net Profit (attributable) | RMB 60-120 million |
| R&D Expense | RMB 50-90 million |
| R&D as % of Operating Revenue | ~8%-12% |
| Export & International Sales | ~10%-25% of revenue |
| Employees | ~800-1,200 |
| Product portfolio breadth | Oxygen systems, inerting systems, fuel tank safety solutions, support equipment |
| Target: Carbon & energy | Progressively lower energy intensity; adoption of cleaner processes and materials (multi-year reduction targets) |
- Scale R&D: maintain a multi-year R&D plan that allocates a double-digit percentage of revenue to new-system development and certification activities.
- Certification and compliance: accelerate civil-type certifications and military qualifications to expand TAM (total addressable market).
- Supply-chain resilience: localize critical components, diversify suppliers, and implement quality-control analytics to reduce lead-time variability.
- Green manufacturing: implement energy-efficiency upgrades and material-reuse programs to meet corporate sustainability KPIs.
- Community programs: continue investments in rural revitalization, vocational training, and targeted charitable donations to reinforce social license to operate.
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