The Zhitong Finance App learned that China Aviation Technology (02357) announced the results in the afternoon, and the results fell by more than 5% after that. As of press release, it decreased by 4.73% to HK$3.22, with a turnover of HK$39.711 million.
According to the news, AVIC announced its annual results up to the end of December last year. According to Chinese corporate accounting standards, total operating revenue was RMB 84.725 billion, up 7.57% year on year; net profit was RMB 2,447 billion, up 5.47% year on year. According to the company's mid-term performance estimates, the company's net profit for the second half of the year was about 904 million yuan, down about 41% from the first half of the year.
According to the announcement, in 2023, the aviation machine business achieved revenue of RMB 22.252 billion, an increase of 9.60%; the revenue from aviation supporting systems and related business was RMB 54.792 billion, an increase of 9.74%; and the aviation engineering service business achieved revenue of RMB 7.681 billion, a decrease of 9.93% year on year.