The Zhitong Finance App learned that China Aviation Technology (02357) is now up more than 4%. As of press release, it has risen 4.26% to HK$3.67, with a turnover of HK$409.68 million.
According to the CITIC Securities Research Report, the performance of the 2023 and 2024Q1 low-altitude economic sector is under pressure, and the current industry valuation is close to the 3-year average valuation level. The low-altitude economy is China's new economic development engine, and it is also a member of the new quality of productivity. Among them, eVTOL is also a bright spot in the low-altitude economy, and its development is expected to drive technological progress and demand for core materials and components such as upstream motors, structural parts, and batteries.
Ping An Securities Hong Kong stated that China Aviation Technology is the only aviation high-tech military and civilian general product and service flagship company in the Hong Kong capital market. It holds four A-share listed companies: Zhongzhi Co., Ltd., Hongdu Airlines, China Aviation Electronics, and China Aviation Optoelectronics. The bank pointed out that the company's holding subsidiary Zhongzhi Co., Ltd. is the main force with the largest scale, highest output value, and most complete product range in the domestic helicopter manufacturing industry. The company's helicopter products are more compatible with the civilian market. At the same time, the company is entering the H-eVTOL field. The long-term commercial space may be better than comparable companies in the industry, and it is expected to accelerate development in the next few years.