China Aviation Science and Industry (02357) announced its 2023 results, achieving revenue of RMB 84.725 billion, a year-on-year increase...
According to the Zhitong Finance App, China Aviation Technology (02357) announced its 2023 results, achieving revenue of RMB 84.725 billion, up 7.57% year on year; net profit attributable to owners of the parent company was RMB 2,447 billion, up 5.47% year on year; basic earnings per share were 0.311 yuan.
Among them, the aviation engine business achieved revenue of RMB 22.252 billion, an increase of RMB 1.95 billion over the same period last year of RMB 20.302 billion, an increase of 9.60%, mainly due to increased sales of helicopter products and price adjustments for some helicopter products in the current period. In 2023, aviation machinery business revenue accounted for 26.26% of the Group's revenue, an increase of 0.48 percentage points over the same period last year.
Revenue from aviation supporting systems and related businesses was RMB 54.792 billion, an increase of RMB 4.861 billion over revenue from aviation supporting systems and related businesses of RMB 49.931 billion in the same period last year, an increase of 9.74%, mainly due to the increase in revenue from avionics products in the current period. In 2023, aviation supporting systems and related business revenue accounted for 64.67% of the Group's revenue, an increase of 1.27 percentage points over the same period last year.
The aviation engineering service business achieved revenue of RMB 7.681 billion, a decrease of RMB 847 million from the aviation engineering service business revenue of RMB 8.528 billion in the same period last year, a decrease of 9.93%. The main reason was that the aviation engineering service business improved its business structure and completed the disposal of new energy and other businesses at the end of the previous year. Aeronautical engineering services revenue accounted for 9.07% of the Group's revenue in 2023, down 1.75 percentage points from the same period last year.
According to the announcement, the increase in revenue was mainly due to the increase in revenue from helicopters and avionics products in this period. The main reason for the increase in net profit was the year-on-year increase in revenue from helicopters and avionics products in the current period. At the same time, some helicopter products were affected by price adjustment factors, and gross profit increased year-on-year.