光大證券:C919飛機產業鏈綿長,國產化率及國內附加值具備提升空間
光大證券發佈研報稱,據不完全統計,截至2025年2月,中國商飛累計獲得C919訂單近1500架,其中確認訂單累計近1000架。根據南方航空、中國國航相關公吿,C919基本型、增程型的平均採購價格分別為0.99億美元/架、1.08億美元/架,據此估算,目前C919累計已確認訂單對應價值量高達近千億美元。此外,中國商飛正積極開拓歐美、東南亞國際市場。供給方面,2024年下半年交付明顯提速,截至2025年2月,已累計交付16架。據中國商飛,2025年C919產能將達到50架,預計下線量達到30架。展望未來,據中國商飛預測,未來20年,預計將有9323架飛機交付中國市場,市場價值約1.4萬億美元。光大證券認為,C919飛機產業鏈綿長,國產化率及國內附加值具備提升空間。
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