AVIC Airborne Systems Co., Ltd. provided earnings guidance for the year 2023. For the year, the company expects to record an estimated net profit attributable to its shareholders of approximately RMB 1,761.05 million during the year of 2023, representing an estimated increase of approximately 102.0% in comparison with that of the year of 2022 (statutory disclosure data), and an estimated increase of approximately 30.3% in comparison with that of the year of 2022 (restated financial data). Such increase is mainly attributable to the substantial increase in asset size and sales revenue upon the completion of the share swap and absorption of AVIC Airborne with AVIC Electromechanical Systems Co., Ltd, leading to a substantial growth in operating results as compared with the corresponding period of the previous year before the share swap and absorption.
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26/04 | AVIC Airborne Systems Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
18/03 | AVIC Airborne Systems' 2023 Profit Rises 40% | MT |
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