AECC AVIATION POWER (600893) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 20.75 billion, up 47.21% year-over-year, marking a record high for a half-year period since listing.

• Net profit attributable to shareholders was RMB 146 million, up 59.32% year-over-year; adjusted net profit (excluding non-recurring items) was RMB 202 million, up 424.91% year-over-year.

• The company maintained stable operations, improved production balance, and increased product deliveries, driving both revenue and profit growth.

• Cash dividends for 2025 were distributed, with a payout ratio of 30.26% of 2025 net profit.

Financial highlights

• Operating income: RMB 20.75 billion (+47.21% YoY).

• Net profit attributable to shareholders: RMB 146 million (+59.32% YoY).

• Adjusted net profit (excluding non-recurring items): RMB 202 million (+424.91% YoY).

• Basic and diluted EPS: RMB 0.05 (+66.67% YoY); adjusted EPS: RMB 0.08 (+700% YoY).

• Net cash flow from operating activities: -RMB 7.46 billion (improved from -RMB 9.17 billion YoY).

Outlook and guidance

• The company aims to further optimize its product structure, accelerate digital transformation, and cultivate new profit growth points.

• Continued focus on high-quality development, investor returns, and information disclosure.

• Action plans for quality and efficiency improvement are subject to macroeconomic and policy uncertainties.