According to the Guohai Securities Research Report, the net profit of China Airlines Shen Fei's 2026Q3 surged 137% year on year, and performance improved quarter by quarter; emphasis was placed on the development of new quality businesses such as military trade. The first three quarters of 2026 achieved net profit of 1.01 billion yuan, YoY -26.0%. Actively develop military trade business, and gradually release dual-line production capacity in old and new factories. Currently, major changes that have not occurred in the world in 100 years are evolving at an accelerated pace, global geographical uncertainty is increasing, and new industries and new business formats are being iterated at an accelerated pace. The China Aviation Industry Group has also made military trade its core business, promoting the construction of a new pattern of military trade development where domestic and international dual cycles promote each other. China Airlines Shen Fei belongs to the China Aviation Industry Group and is China's “cradle of fighter jets.” The company focuses on the main aviation defense equipment industry. The factory collaborates to promote high-quality development, while actively developing military trade, civil aircraft, maintenance and other businesses. It is committed to speeding up the cultivation of new quality productivity, and there may be plenty of room for future development. The company's 2026-2028 revenue is estimated to be 421.07/491.36/57.177 billion yuan, and net profit to mother is 28.54/34.586 billion yuan. Corresponding to 2027-2028 PE is 39.40x/29.71x, respectively. It is covered for the first time, giving it a “buy” rating.

According to the Guohai Securities Research Report, the net profit of China Airlines Shen Fei's 2026Q3 surged 137% year on year, and performance improved quarter by quarter; emphasis was placed on the development of new quality businesses such as military trade. The first three quarters of 2026 achieved net profit of 1.01 billion yuan, YoY -26.0%. Actively develop military trade business, and gradually release dual-line production capacity in old and new factories. Currently, major changes that have not occurred in the world in 100 years are accelerating, global geographical uncertainty is increasing, and new industries and new business formats are being iterated at an accelerated pace. The China Aviation Industry Group has also made military trade its core business, promoting the construction of a new pattern of military trade development where domestic and international dual cycles promote each other. China Airlines Shen Fei belongs to the China Aviation Industry Group and is China's “cradle of fighter jets.” The company focuses on the main aviation defense equipment industry. The factory collaborates to promote high-quality development, while actively developing military trade, civil aircraft, maintenance and other businesses. It is committed to speeding up the cultivation of new quality productivity, and there may be plenty of room for future development. The company's 2026-2028 revenue is estimated to be 421.07/491.36/57.177 billion yuan, and net profit to mother is 28.54/34.586 billion yuan. Corresponding to 2027-2028 PE is 39.40x/29.71x, respectively. It is covered for the first time, giving it a “buy” rating.