On June 2, Haohua Technology recently stated in an investor survey that in 2023, among the key projects, the Shuguang Institute's 100,000 pieces/year high-performance civil aviation tire project and the Southwest Institute's Clean Energy Catalytic Materials Industrialization Base project will be completed and put into operation.
It is understood that Shuguang Institute's high-performance civil aviation tire project plans to have an annual output of 100,000 pieces. Once completed and put into operation, it will bring considerable revenue and profit increase to Haohua Technology. In addition to providing supporting tires for the domestic regional aircraft ARJ21 and the domestic large aircraft C919, the products of this project can also be used in aircraft such as Airbus A320 and Boeing 737-800, and provide tire replacement and tire retreading services. It is expected that after the completion of the project, Haohua Technology will gradually expand its share in China's civil aviation tire market.
The high-performance civil aviation tire project put into operation this time is of great strategic significance to Haohua Technology. With the rapid development of China's civil aviation industry, the demand for high-quality aviation tires continues to grow. The implementation of the project will help meet the demand for high-performance tires in the Chinese air transport market and provide more choices.