Chaozhuo Aero Science and Technology Reports Revenue of 271 Million Yuan in the First Three Quarters of 2025, with Cold Spray Additive Manufacturing Emerging as Core Business

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October 26, 2025 Materials 151

Hubei Chaozhuo Aero Science and Technology Co., Ltd. (hereinafter referred to as "Chaozhuo Aero Science and Technology") released its third-quarter report for 2025, showing a slight increase in revenue while the company continued to ramp up R&D investment. Its core 3D printing business has become a key pillar supporting its diversified development.

According to the financial report, Chaozhuo Aero Science and Technology achieved an operating revenue of 271 million yuan in the first three quarters of 2025, a year-on-year increase of 0.74%, maintaining stable revenue fundamentals amid intensifying competition in the aviation manufacturing industry. However, due to a decline in gross profit margin, the company faced some pressure on profitability: net profit attributable to shareholders was 11.1406 million yuan, down 44.28% year-on-year, and net profit attributable to shareholders after deducting non-recurring gains and losses was 5.7514 million yuan, a significant decrease of 68.84% year-on-year.

In terms of gross profit margin, the overall gross profit margin for the first three quarters was 22.96%, down 5.80 percentage points year-on-year. However, a quarterly recovery trend was observed—the gross profit margin for the third quarter increased by 4.19 percentage points quarter-on-quarter to 24.80%, while the net profit margin also rose by 3.73 percentage points quarter-on-quarter to 6.37%, indicating initial success in the company's cost control and business structure optimization. Notably, the company demonstrated effective control over period expenses, with the period expense ratio for the first three quarters at 19.42%, a slight decrease of 0.18 percentage points year-on-year. Among these, sales expenses and management expenses decreased by 18.79% and 12.30% year-on-year, respectively, while R&D expenses bucked the trend with a 19.12% increase, highlighting the company's strategic focus on technology-driven development.

In terms of shareholder structure, as of the end of the third quarter, the total number of shareholders decreased by 24.60% compared to the end of the first half of the year, to 3,531 households. The average shareholding value per household increased significantly by 157.26% to 1.4388 million yuan, reflecting a notable improvement in share concentration and investor recognition of the company's long-term value.

Chaozhuo Aero Science and Technology is one of the few domestic companies that have mastered cold spray solid-state additive manufacturing technology and industrialized its application in aircraft maintenance and remanufacturing. The company primarily engages in customized additive manufacturing and airborne equipment maintenance.

Schematic diagram of cold spray technology (Source: Chaozhuo Aero Science and Technology)

At its inception, the company was mainly involved in the maintenance of aircraft pneumatic, hydraulic, fuel, and electrical accessories, focusing primarily on the repair of aviation onboard equipment. After years of R&D and innovation, the company has achieved high-strength deposition of various metal materials, established a cold spray solid-state additive manufacturing technology system, and successfully applied this technology to airframe structure remanufacturing. Leveraging its mature application of cold spray and other additive manufacturing technologies, the company continues to develop and expand the application scenarios and downstream markets for cold spray-dominated additive manufacturing technologies. It has developed products and services such as targets for electronic devices, aviation components for various aircraft models, thermal management system components for new energy vehicles, and thermal reflective coating preparation for polysilicon production equipment interiors. With the continuous advancement of its solid-state additive manufacturing technologies, primarily cold spray, and the ongoing expansion of their application fields, the company now focuses on customized additive manufacturing as its core business direction. This includes additive manufacturing of aerospace components and consumables, new energy vehicle component manufacturing, and industrial mother machine and component manufacturing.

At this stage, the company primarily serves customers such as Party A and its affiliated aircraft overhaul plants, subsidiaries of a certain group, other aviation operators, steel and metallurgical enterprises, and automotive component manufacturers. Due to its leading technical expertise in cold spray solid-state additive manufacturing, stable and reliable product quality, and long-term collaboration history with Party A, the company is the sole supplier for cold spray repair of fatigue cracks in the landing gear beams of multiple aircraft models at A and B depot-level overhaul plants.