AviChina Industry & Technology Company (2357) H1 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 reached RMB37,465 million, up 11.43% year-over-year, driven by growth in helicopter and aviation ancillary system products.

• Net profit attributable to owners was RMB1,030 million, down 17.67% year-over-year due to a shift in revenue structure and lower gross margin.

• The company advanced its strategy in the low-altitude economy, helicopter innovation, and digital transformation.

• The group maintained a stable financial position and continued to invest in R&D and digital transformation.

• No interim dividend was declared for the period.

Financial highlights

• Gross profit was RMB7,576 million, down 5.85% year-over-year; gross margin fell to 20.22% from 23.93%.

• Basic and diluted EPS were RMB0.129, compared to RMB0.157 in the prior year.

• Cash and cash equivalents stood at RMB30,390 million as of June 30, 2025.

• Gearing ratio increased to 9.62% from 8.79% at year-end 2024.

• R&D expenses rose 6.84% to RMB2,170 million, reflecting increased investment in innovation.

Outlook and guidance

• The company plans to strengthen its position in the low-altitude economy, enhance helicopter competitiveness, and accelerate digital and green transformation.

• Strategic focus includes optimizing industrial structure, expanding emerging industries, and intensifying R&D.

• The group will continue to modernize governance, promote green aviation, and strengthen brand value.