Huachuang Securities: The potential of China's commercial aviation engine market is huge, focusing on three clues of the industrial chain.

Huachuang Securities research report stated that China's commercial aviation engine market has huge potential. It is estimated that in the next 20 years, the total size of China's commercial aviation engine market will exceed 2.6 trillion yuan, with a simple annual growth rate of over 130 billion yuan; and the aftermarket will further open up, with an estimated size of approximately 100 billion yuan per year; the total of the two will reach 240 billion yuan per year. It is recommended to focus on three clues of the domestic commercial engine industry chain. The first is core supporting companies, focusing on AviChina Industry & Technology, AECC Aviation Power, and AECC Aviation Control; the second is suppliers of basic components such as high-temperature alloys, continuing to recommend AVIC International Holding Corporation, and paying attention to Wanze Shares, Hangya Technology, and Hangyu Technology; the third is raw material suppliers, focusing on AVIC High-Technology Corporation.