Smart energy: entering into smart airport services to open up a trillion-dollar market for military-civilian integration

China Securities Network News (Intern reporter Zhang Xian) Recently, Wisdom Energy (600869) announced that it and the controlling shareholder Far East Holding Group Co., Ltd. acquired Beijing Jinghangan Airport Engineering Co., Ltd. (referred to as : Jinghangan) 51%, 49% shares, to enter the trillion-level general aviation field, strategically deploy military-civilian integration airport construction, and accelerate military business to achieve major breakthroughs. It is reported that Jinghangan promises that the net profit after deducting non-recurring gains and losses from 2017 to 2019 will not be less than 110 million yuan, 143 million yuan and 172 million yuan respectively.

Jinghangan, formerly an enterprise affiliated to the Air Force of the Beijing Military Region, has a 15-year history of development in the field of airport engineering construction and airport smart energy control. engineering case. According to the announcement and Jinghangan’s official website, Jinghangan’s main business includes airport visual aid engineering, air traffic control engineering, terminal weak current system engineering, flight area perimeter alarm engineering, and electromechanical equipment installation engineering. Covering Beijing Capital Airport, Shanghai Pudong and Hongqiao Airport, Nanjing Lukou Airport and other civil airports, Beijing Nanyuan Airport and other military-civilian airports, Beijing Xijiao Airport and other air force airports and some naval airports, as well as overseas airports such as Angola New Luanda Airport . In the future, Jinghangan will strive to become the world's leading provider of comprehensive solutions for smart airports. According to the analysis of Zheshang Securities, through the equity acquisition of Jinghangan, the company is expected to accelerate the expansion of cable, energy storage, distributed energy and other businesses in the airport field, and play a synergistic effect to benefit the growth of the original main business.

As the frontline of military-civilian integration, the field of general aviation has developed rapidly in recent years. As of the end of 2015, there were more than 300 general-purpose airports in my country, 281 general-purpose aviation companies, and 1,874 registered general-purpose aircraft. In 2015, the flight volume reached 732,000 hours. But overall, the scale of my country's general aviation industry is still small, and infrastructure construction is relatively lagging behind. According to the "13th Five-Year Development Plan for General Aviation", by 2020, more than 500 general-purpose airports will be built in my country, more than 5,000 general-purpose aircraft will be built, the annual flight volume will be 2 million hours, and the overall scale of the industry will exceed 1 trillion Yuan. Thanks to the "Thirteenth Five-Year Plan" and people's travel needs, the construction of military-civilian integration airports will show a blowout growth in the next few years.

Industry insiders believe that after military-civilian integration has become a national strategy, the progress of integration will be accelerated and the level of integration will be strengthened. Military-civilian integration will become the focus of future military investment. From the perspective of the specific field of military-civilian integration, general aviation, which has a relatively mature technical level and policy environment, is expected to become a key breakthrough field.

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