On July 22, Runbei Hangke fell 0.97%. Trading value was 74.90 million yuan, turnover rate was 2.05%, and total market value was 3.932 billion yuan.
Anomaly analysis
Aero engine + large aircraft + commercial space + disinfectant + low-altitude economy
1. Aviation lubricating oil mainly provides lubrication and heat dissipation for aero engines, directly affecting aviation safety. Similarly, downstream airlines need to select the appropriate aviation lubricating oil for specific aircraft models according to the aircraft maintenance manuals. At present, domestic airlines mainly use two aviation lubricating oil brands: ExxonMobil and Esstman. ExxonMobil’s brand influence is stronger than Esstman’s. The company has a long cooperation history with ExxonMobil and a stable, good relationship with it. As ExxonMobil’s sole authorized aviation lubricating oil distributor in China, the company has a certain pricing power with downstream customers.
2. The company is a service-oriented aviation materials distributor. Its main products include civil aviation fuel, aviation raw materials, and aviation chemical products, etc. The company has deeply participated in the selection of aviation chemical products and composite materials for domestically made commercial aircraft projects, as well as in the formulation of standards and certification. It has contributed its own strength to the domestically made big aircraft R&D and selection process, and therefore, after the successful first flight of the C919 aircraft, it was awarded by COMAC the title of “C919 Project First-Flight Advanced Group.” Some products of the subsidiary Runhe New Materials have already obtained China COMAC’s approval documents for process materials products.
3. Research activity information as of November 23, 2023: The company’s controlling subsidiary, Hangzhou Qingyun, will mainly be responsible for the R&D and production of advanced composite materials for aviation and aerospace.
4. According to research activity information dated December 8, 2022: The company’s domestically produced certified aviation materials currently include the following categories. First category: Aviation chemical products, such as various aviation interior/exterior surface cleaning agents and parts cleaning agents, aviation disinfection series products, pre-wetting and wiping series products, etc.
5. On September 27, 2024, it was published on the company’s WeChat account. Runbei Aviation Technologies, as a leading comprehensive aviation materials solution provider, made its first appearance at the 2024 Shenzhen eVTOL exhibition with the mission of “continuously improving the quality of flight.” Runbei brought an all-round integrated solution covering eVTOL exterior coating, fuselage, wings, interior materials, wire harness protective conduits, flooring materials, cleaning agents, pilots’ earphones, and wireless ground personnel earphones, among others.
(Disclaimer: The analysis content is sourced from the internet and does not constitute investment advice. Investors should make independent judgments based on different market conditions.)
Capital/funds analysis
Today’s main players’ net inflow is -RMB 7.0093 million, accounting for 0.09%. Industry ranking: 23/30. There is currently no continuous increase or decrease in positions/holdings for this stock, and the main players’ trend is not obvious. For the industry, main players’ net inflow is RMB 213 million; there is currently no continuous increase or decrease in positions/holdings, and the main players’ trend is not obvious.
Over the interval today (last 3 days / last 5 days / last 10 days / last 20 days): main players’ net inflow was -RMB 7.0093 million / -RMB 10.0774 million / -RMB 16.8420 million / -RMB 30.1343 million / -RMB 64.4812 million. Main players’ positions
The main players have not controlled the market; the share distribution is very dispersed. The main players’ trading value was RMB 22.4385 million, accounting for 4.85% of the total trading value.
Technical analysis: The chips’ average trading cost is RMB 34.76.
The stock’s average trading cost for chips is RMB 34.76. Recently, the chips have quickly escaped; it is suggested to rebalance holdings and switch stocks. The current stock price is between the pressure level of 27.20 and the support level of 22.85, so range-bound trading can be considered.
Company profile
The information shows that Runbei Aviation Technology Co., Ltd. is located at Room 3901, Building A, Tanglang Cheng Plaza (West Section), near the Tanglang Vehicle Depot, Fuguang Community, Taoyuan Subdistrict, Nanshan District, Shenzhen, Guangdong, with the incorporation date of March 14, 2005 and the listing date of June 24, 2022. The company’s main business involves the distribution of aviation materials such as civil aviation fuels, aviation raw materials, and aviation chemical products, etc. The revenue structure of the main business is: distribution products 92.49%, and self-developed products 7.51%.
Runbei Aviation Technology is in the Shenwan industry classification: Petroleum & Petrochemicals—Refining and Trading—Oil and Petrochemical Trading. The concept sectors it belongs to include: General Aviation, small-cap, the Belt and Road, small-cap value, the low-altitude economy, etc.
As of June 20, the number of shareholders of Runbei Aviation Technologies was 15,400, up 1.49% from the previous period. Shares held per capita were 9,750, down 1.47% from the previous period. From January to March 2026, Runbei Aviation Technologies achieved operating revenue of RMB 298 million, up 25.21% year over year; and net profit attributable to the parent company was RMB 60.6065 million, up 78.03% year over year.
Regarding dividends: After Runbei Aviation Technologies’ A-share listing, the company has cumulatively paid out RMB 223 million in cash dividends. In the past three years, cumulative cash dividends paid were RMB 173 million.
Regarding institutional holdings: As of March 31, 2026, among the top ten circulating shareholders of Runbei Aviation Technologies, GF Value Leading Hybrid A (008099) is the second-largest circulating shareholder, holding 3.4817 million shares, down 181,600 shares from the previous period. GF Ruiyi Leading Hybrid A (005233) is the fourth-largest circulating shareholder, holding 1.4125 million shares, down 102,600 shares from the previous period. Great Wall Prosperous Growth Hybrid A (018939) is the fifth-largest circulating shareholder, holding 1.2000 million shares, newly entered as a shareholder. GF Juf—? (270001) is the sixth-largest circulating shareholder, holding 0.8168 million shares, down 456,800 shares from the previous period. China Post Rui Xin Enhanced Bond A (002474) is the seventh-largest circulating shareholder, holding 0.6877 million shares, newly entered as a shareholder. Jinxin Transformation and Innovation Hybrid A (002810) is the eighth-largest circulating shareholder, holding 0.6800 million shares, up 70,000 shares from the previous period. Great Wall Innovation-Driven Hybrid A (009623) is the tenth-largest circulating shareholder, holding 0.5071 million shares, newly entered as a shareholder. GF Multi-Strategy Hybrid (001763) and GF Ruihe Hybrid A (014734) have exited the list of the top ten circulating shareholders.
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