According to news on November 2, Tongyi Aerospace, a company listed on the Beijing Stock Exchange, held a performance briefing for the third quarter of 2023.
At the performance briefing meeting, Tongyi Aerospace introduced the research and development expenses. The company stated that it adheres to the business philosophy of “innovation and development” and its investment in research and development expenses has increased year by year in recent years.
As of September 2023, the company’s R&D investment was 14,507,608.05 yuan, a year-on-year increase of 16.49%. The company stated that the main reason for the increase in R&D expenses was to expand the types of high-performance membrane products, enhance product innovation capabilities and technological content, and enhance the company’s core competitiveness. In this period, the company increased R&D personnel and strengthened cooperative development with other companies.
In addition, the company also introduced military aviation polyurethane protective films. According to reports, the company’s current military aviation films are mainly used in two aspects, one is the protection of aircraft surface substrates, and the other is engine high-temperature resistant films (consumables in the customer’s production process).
Tongyi Aerospace stated that the company has accelerated the innovative development of related products, improved the technical content of products, and at the same time actively explored the market to improve the sales capabilities of military aviation films.
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