AECC Aero Science and Technology Co Ltd

AECC Aero Science and Technology released its 2026 interim report. Total operating revenue was 1.703 billion yuan, up 2.65% year on year. Net profit attributable to the parent company was 6.0461 million yuan, down 40.81% year on year. Net cash inflow from operating activities was 222 million yuan, down 10.98% year on year. The company's asset-liability ratio was 64.29%, gross margin was 16.71%, ROE was 0.34%, and diluted earnings per share was 0.02 yuan. The number of shareholders was 47,200, and the top ten shareholders held 43.59% of the total share capital.

AVIC Aero-Engine Technology announced that Chairman Cong Chunyi submitted his resignation due to work adjustments, ending his term about 11 months early. A company securities department source said the departure was arranged by Aero Engine Corporation of China, and Cong will be reassigned. Cong had been at the helm since March 2022. In 2025, the company achieved revenue of 4.323 billion yuan, up 12.27 percent year-on-year, but net profit attributable to the parent fell 11.51 percent to 60.877 million yuan, reflecting higher revenue without higher profit. In the first quarter of 2026, revenue was 721 million yuan, down 4.65 percent year-on-year, and net profit attributable to the parent swung from profit to a loss of 11.3477 million yuan, which the company attributed mainly to the appreciation of the renminbi. AVIC Aero-Engine Technology has set a 2026 revenue target of 4.553 billion yuan. The new chairman has yet to be named, and the market is watching whether the company can meet this target amid exchange rate fluctuations and pressure on domestic trade deliveries.