Annonce • Jun 30
Aecc Aero-Engine Control Co.,Ltd. to Report First Half, 2026 Results on Aug 20, 2026 Aecc Aero-Engine Control Co.,Ltd. announced that they will report first half, 2026 results on Aug 20, 2026 Declared Dividend • Jun 20
Dividend reduced to CN¥0.077 Dividend of CN¥0.077 is 55% lower than last year. Ex-date: 26th June 2026 Payment date: 26th June 2026 Dividend yield will be 0.4%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Director Yunfeng Wei was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 26
Aecc Aero-Engine Control Co.,Ltd., Annual General Meeting, May 19, 2026 Aecc Aero-Engine Control Co.,Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Xi'an, Shaanxi China Annonce • Mar 31
Aecc Aero-Engine Control Co.,Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Aecc Aero-Engine Control Co.,Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Annonce • Dec 31
Aecc Aero-Engine Control Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Aecc Aero-Engine Control Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Annonce • Oct 30
Aecc Aero-Engine Control Co.,Ltd. Approves Election of Wei Yunfeng as an Independent Director Aecc Aero-Engine Control Co.,Ltd. at its Extraordinary General Meeting of 2025 on 28 October 2025, approved Election of Wei Yunfeng as an independent director. Annonce • Sep 30
Aecc Aero-Engine Control Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Aecc Aero-Engine Control Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Annonce • Jul 02
Aecc Aero-Engine Control Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Aecc Aero-Engine Control Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Annonce • Apr 01
Aecc Aero-Engine Control Co.,Ltd. Proposes Final Cash Dividend for 2024 Aecc Aero-Engine Control Co.,Ltd. announced on 31 March 2025 the profit distribution proposal for 2024 as Cash dividend/10 shares (tax included): CNY 1.72000000. Annonce • Mar 31
Aecc Aero-Engine Control Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Aecc Aero-Engine Control Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Annonce • Mar 29
Aecc Aero-Engine Control Co.,Ltd., Annual General Meeting, Apr 28, 2025 Aecc Aero-Engine Control Co.,Ltd., Annual General Meeting, Apr 28, 2025, at 15:00 China Standard Time. Location: No. 168, Zhujiang Road, Huaxi District, Guiyang, Guizhou China Annonce • Dec 31
Aecc Aero-Engine Control Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Aecc Aero-Engine Control Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.11 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.11 in 3Q 2023). Revenue: CN¥1.40b (up 2.8% from 3Q 2023). Net income: CN¥159.2m (up 8.6% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥21.95, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 35x in the Aerospace & Defense industry in China. Total loss to shareholders of 7.7% over the past three years. Annonce • Sep 30
Aecc Aero-Engine Control Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Aecc Aero-Engine Control Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.16 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.16 in 2Q 2023). Revenue: CN¥1.39b (flat on 2Q 2023). Net income: CN¥209.4m (up 1.6% from 2Q 2023). Profit margin: 15% (in line with 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annonce • Jun 29
Aecc Aero-Engine Control Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Aecc Aero-Engine Control Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • Jun 24
Dividend increased to CN¥0.17 Dividend of CN¥0.17 is 213% higher than last year. Ex-date: 28th June 2024 Payment date: 28th June 2024 Dividend yield will be 0.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (384% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jun 23
Aecc Aero-Engine Control Co.,Ltd. Announces Cash Dividend on Share A for 2023, Payable on 28 June 2024 Aecc Aero-Engine Control Co.,Ltd. announced cash dividend/10 shares (tax included): CNY 1.66000000 on share A for 2023. Record date: 27 June 2024, Ex-date: 28 June 2024, Payment date: 28 June 2024. Annonce • Apr 28
Aecc Aero-Engine Control Co.,Ltd., Annual General Meeting, May 24, 2024 Aecc Aero-Engine Control Co.,Ltd., Annual General Meeting, May 24, 2024, at 15:30 China Standard Time. Location: No. 21, Shuiku Road, Changping District, Beijing China Agenda: To consider 2023 work report of the board of directors;to consider 2023 work report of the supervisory committee;to consider 2023 annual report and its summary;to consider 2023 annual accounts report;to consider 2024 financial budget report;to consider 2023 profit distribution plan;to consider 2024 estimated continuing connected transactions;to consider 2023 remuneration for internal directors;to consider Election of non-independent directors; and to consider Election of shareholder supervisors. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.18 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.18 in 1Q 2023). Revenue: CN¥1.42b (up 5.5% from 1Q 2023). Net income: CN¥260.3m (up 6.9% from 1Q 2023). Profit margin: 18% (in line with 1Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annonce • Mar 30
Aecc Aero-Engine Control Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Aecc Aero-Engine Control Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 New Risk • Mar 28
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: CN¥0.55 (vs CN¥0.52 in FY 2022) Full year 2023 results: EPS: CN¥0.55 (up from CN¥0.52 in FY 2022). Revenue: CN¥5.32b (up 7.7% from FY 2022). Net income: CN¥726.6m (up 5.5% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥13.91, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 23x in the Aerospace & Defense industry in China. Total loss to shareholders of 30% over the past three years. Annonce • Dec 30
Aecc Aero-Engine Control Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 27, 2024 Aecc Aero-Engine Control Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 27, 2024 Annonce • Dec 22
Aecc Aero-Engine Control Co.,Ltd. Approves Board Appointments Aecc Aero-Engine Control Co.,Ltd. announced that the 3rd Extraordinary General Meeting of 2023 held on 20 December 2023, has approved election of Suo Jianqin as an independent director and approved election of Yang Weijun and Du Pengjie as non-independent directors. New Risk • Oct 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Annonce • Aug 29
Aecc Aero-Engine Control Co.,Ltd. Approves the Appointment of Li Xiaomin as Non-Independent Director Aecc Aero-Engine Control Co.,Ltd. at its Extraordinary General Meeting held on 25 August 2023, approved the appointment of Li Xiaomin as a non-independent director. Annonce • Jun 15
Aecc Aero-Engine Control Co.,Ltd. Implements Cash Dividend for the Year 2022, Payable on June 20, 2023 Aecc Aero-Engine Control Co.,Ltd. announced implementation of cash dividend/10 shares (tax included) (A shares) of CNY 0.53000000 for the year 2022. Record date: 19 June 2023. Ex-date: 20 June 2023. Payment date: 20 June 2023. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: CN¥0.52 (vs CN¥0.40 in FY 2021) Full year 2022 results: EPS: CN¥0.52 (up from CN¥0.40 in FY 2021). Revenue: CN¥4.94b (up 19% from FY 2021). Net income: CN¥688.4m (up 41% from FY 2021). Profit margin: 14% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 27% per year. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.088 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.10 (up from CN¥0.088 in 3Q 2021). Revenue: CN¥1.20b (up 19% from 3Q 2021). Net income: CN¥134.6m (up 33% from 3Q 2021). Profit margin: 11% (up from 10.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.14 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.14 in 2Q 2021). Revenue: CN¥1.34b (up 21% from 2Q 2021). Net income: CN¥193.9m (up 19% from 2Q 2021). Profit margin: 14% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 30%, compared to a 28% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 25% per year. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥23.80, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 30x in the Aerospace & Defense industry in China. Total returns to shareholders of 77% over the past three years. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.12 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.16 (up from CN¥0.12 in 1Q 2021). Revenue: CN¥1.21b (up 32% from 1Q 2021). Net income: CN¥213.7m (up 60% from 1Q 2021). Profit margin: 18% (up from 14% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 35%, compared to a 28% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: CN¥0.40 (vs CN¥0.32 in FY 2020) Full year 2021 results: EPS: CN¥0.40 (up from CN¥0.32 in FY 2020). Revenue: CN¥4.16b (up 19% from FY 2020). Net income: CN¥487.6m (up 33% from FY 2020). Profit margin: 12% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 35%, compared to a 31% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥25.37, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 43x in the Aerospace & Defense industry in China. Total returns to shareholders of 94% over the past three years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥25.37, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 43x in the Aerospace & Defense industry in China. Total returns to shareholders of 94% over the past three years. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.088 (vs CN¥0.084 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥1.01b (up 25% from 3Q 2020). Net income: CN¥101.3m (up 5.3% from 3Q 2020). Profit margin: 10.0% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.12 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥1.10b (up 21% from 2Q 2020). Net income: CN¥162.8m (up 14% from 2Q 2020). Profit margin: 15% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 22% per year. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥23.73, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 42x in the Aerospace & Defense industry in China. Total returns to shareholders of 70% over the past three years. Reported Earnings • Apr 27
First quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.08 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥920.0m (up 30% from 1Q 2020). Net income: CN¥133.5m (up 46% from 1Q 2020). Profit margin: 14% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.32 (vs CN¥0.25 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.50b (up 13% from FY 2019). Net income: CN¥367.6m (up 31% from FY 2019). Profit margin: 11% (up from 9.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥17.60, the stock is trading at a trailing P/E ratio of 56.2x, down from the previous P/E ratio of 70.1x. This compares to an average P/E of 58x in the Aerospace & Defense industry in China. Total returns to shareholders over the past three years are 6.0%. Is New 90 Day High Low • Mar 09
New 90-day low: CN¥19.05 The company is down 5.0% from its price of CN¥20.11 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Aerospace & Defense industry, which is down 7.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: CN¥25.99 The company is up 30% from its price of CN¥19.94 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Aerospace & Defense industry, which is up 31% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: CN¥22.10 The company is up 16% from its price of CN¥19.00 on 25 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥17.86 The company is down 2.0% from its price of CN¥18.28 on 31 July 2020. The Chinese market is also down 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Aerospace & Defense industry, which is down 3.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥358.9m, up 29% from the prior year. Total revenue was CN¥3.45b over the last 12 months, up 17% from the prior year. 
