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AviChina Reports 2024 Financial Results: Revenue Growth Amid Profit Decline

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AviChina Reports 2024 Financial Results: Revenue Growth Amid Profit Decline

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AviChina Industry & Technology Co ( (HK:2357) ) has issued an announcement.

AviChina Industry & Technology Co., Ltd. announced its annual results for the year ended December 31, 2024, showing a steady development in business with a revenue increase of 2.62% to RMB 86,971 million. Despite the revenue growth, the net profit attributable to the parent company decreased by 10.63% to RMB 2,187 million. The board recommended a final dividend of RMB 0.081 per share, slightly lower than the previous year’s RMB 0.088 per share. These results reflect a stable yet challenging financial performance, impacting the company’s profitability and dividend payouts.

More about AviChina Industry & Technology Co

AviChina Industry & Technology Co., Ltd. is a joint stock company incorporated in China, primarily operating in the aviation and technology sectors. The company focuses on the development and production of aviation products and related technology services.

Technical Sentiment Signal: Buy

Current Market Cap: $4.19B

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