AviChina Maintain Steady Growth by Being Innovative and Enterprising
JCN Newswire - Wed Aug 21, 8:05AM CDT
In the first half of 2013, AviChina Industry & Technology Company Limited ("AviChina" or the "Company", HKEx stock code: 2357; together with its subsidiaries) continued its good performance amid unfavorable conditions of declined domestic GDP growth and difficulties in the business operation of manufacturing industry. The Company recorded revenue of RMB 8.675 Billion, representing an increase of 18.66% over the corresponding period in 2012. The increase was mainly attributable to the growth in helicopter and aero-parts and components business. Among which, revenue of helicopter business was RMB 4.24 billion, representing an increase of 17.16% over the corresponding period in 2012, revenue of avionic and optronic business was RMB 2.914 billion, representing an increase of 10.40% over the corresponding period in 2012. While witnessing steady growth in sales revenue, AviChina also maintained a stable gross margin. For the first half of 2013, the net profit attributable to equity holders of AviChina amounted to RMB 348 million, representing an increase of 11.18% as compared to that of 2012.