Avic Aviation High-Technology Co., Ltd. (SHA:600862)

SHA:600862 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	5,191	4,993	4,681	4,346	3,730	2,860
Other Revenue	82.15	79.37	98.16	100.19	77.27	51.35
Revenue	5,273	5,072	4,780	4,446	3,808	2,912
Revenue Growth (YoY)	7.30%	6.12%	7.50%	16.77%	30.77%	17.72%
Cost of Revenue	3,256	3,145	3,056	3,090	2,677	2,053
Gross Profit	2,017	1,927	1,724	1,357	1,130	858.45
Selling, General & Admin	368.5	365.83	360.32	294.69	277.7	291.07
Research & Development	230.98	197.87	175.52	163.32	151.24	90.64
Other Operating Expenses	16	20.02	23.73	33.77	31.45	22.19
Operating Expenses	635.97	593.11	566.79	509.79	490.43	427.24
Operating Income	1,381	1,334	1,157	846.75	639.77	431.21
Interest Expense	-8.33	-6.33	-4.02	-3.18	-13.41	-17.48
Interest & Investment Income	16.1	23.17	57.16	37.49	42.35	36.4
Currency Exchange Gain (Loss)	0.99	1.67	0.92	0.04	0.01	-0.02
Other Non Operating Income (Expenses)	-4.64	-3.12	-1.39	-4.37	-3.17	3.66
EBT Excluding Unusual Items	1,385	1,349	1,210	876.73	665.55	453.77
Gain (Loss) on Sale of Investments	-23.53	-7.01	-	-	-	-
Gain (Loss) on Sale of Assets	19.33	14.68	0.25	3.01	1.55	-0.21
Asset Writedown	-0.01	-0.01	-0.53	-	-0.09	-
Legal Settlements	-0.3	-0.3	-0.53	-0.3	-0.92	-0.5
Other Unusual Items	-1.61	0.95	4.19	14.16	39.67	63.41
Pretax Income	1,379	1,357	1,213	893.59	705.76	516.48
Income Tax Expense	209.12	187.82	175.42	126.88	114.48	86.63
Earnings From Continuing Operations	1,170	1,169	1,038	766.71	591.28	429.85
Minority Interest in Earnings	-15.63	-16.8	-6.17	-2.07	0.13	1.05
Net Income	1,154	1,153	1,031	764.64	591.41	430.9
Net Income to Common	1,154	1,153	1,031	764.64	591.41	430.9
Net Income Growth	6.50%	11.75%	34.90%	29.29%	37.25%	-21.88%
Shares Outstanding (Basic)	1,390	1,389	1,394	1,390	1,408	1,390
Shares Outstanding (Diluted)	1,390	1,389	1,394	1,390	1,408	1,390
Shares Change (YoY)	-1.14%	-0.37%	0.26%	-1.27%	1.30%	0.80%
EPS (Basic)	0.83	0.83	0.74	0.55	0.42	0.31
EPS (Diluted)	0.83	0.83	0.74	0.55	0.42	0.31
EPS Growth	7.73%	12.16%	34.54%	30.95%	35.48%	-22.50%
Free Cash Flow	813.37	340.42	194.85	172.07	271.11	64.24
Free Cash Flow Per Share	0.58	0.24	0.14	0.12	0.19	0.05
Dividend Per Share	0.249	0.249	0.223	0.165	0.128	0.093
Dividend Growth	11.66%	11.66%	35.15%	28.91%	37.63%	-41.88%
Gross Margin	38.25%	37.99%	36.07%	30.51%	29.68%	29.48%
Operating Margin	26.19%	26.29%	24.21%	19.05%	16.80%	14.81%
Profit Margin	21.89%	22.73%	21.58%	17.20%	15.53%	14.80%
Free Cash Flow Margin	15.43%	6.71%	4.08%	3.87%	7.12%	2.21%
EBITDA	1,541	1,477	1,291	974.56	799.36	565.22
EBITDA Margin	29.23%	29.13%	27.01%	21.92%	20.99%	19.41%
D&A For EBITDA	160.48	143.71	133.94	127.81	159.59	134.01
EBIT	1,381	1,334	1,157	846.75	639.77	431.21
EBIT Margin	26.19%	26.29%	24.21%	19.05%	16.80%	14.81%
Effective Tax Rate	15.17%	13.84%	14.46%	14.20%	16.22%	16.77%
Revenue as Reported	5,273	5,072	4,780	4,446	3,808	2,912
Advertising Expenses	-	7.55	1.43	0.15	0.87	1.74

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.