Finework Technology: Commercial Aerospace Business in Early

Finework (Changde) New Energy Technology Co., Ltd. recently issued an announcement regarding unusual fluctuations in its stock trading. The company acknowledged heightened market attention to the commercial aerospace sector and provided clarification on its business composition, particularly its progress in commercial aerospace.

The announcement clearly states that the company's core business remains the R&D, production, and sale of high-strength fasteners for wind power equipment. As a strategic expansion direction, Finework is actively extending into other high-end equipment manufacturing fields such as aerospace and gas turbines, aiming to develop corresponding fastener and precision component markets.

Regarding the highly anticipated commercial aerospace sector, Finework frankly stated that this business is still in the early stages of development and cultivation. From a financial contribution perspective, commercial aerospace currently accounts for less than 1% of the company's total main business revenue. This data indicates that this business segment has not yet had a material impact on the company's operating performance.

Through this announcement, Finework aims to clearly communicate its actual business development situation, emphasizing both the stability of its fundamental operations and the prudent pace of its strategic advancement. While maintaining its advantageous position in the wind power fastener market on one hand, the company is steadily progressing with its long-term expansion into high-end fields such as aerospace on the other.

Market analysts believe that Finework's early-stage positioning in commercial aerospace demonstrates its potential for technological upgrading and market expansion. However, these related businesses will take time to mature and meaningfully contribute to revenue. Investors are advised to focus on the company's long-term development trajectory.