AVIC Xi'an Aircraft Industry Group Third Quarter 2024 Earnings: EPS: CN¥0.10 (vs CN¥0.086 in 3Q 2023)

AVIC Xi'an Aircraft Industry Group (SZSE:000768) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥8.49b (down 4.1% from 3Q 2023).
• Net income: CN¥286.6m (up 20% from 3Q 2023).
• Profit margin: 3.4% (up from 2.7% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.10 (up from CN¥0.086 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AVIC Xi'an Aircraft Industry Group Earnings Insights

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Aerospace & Defense industry in China.

Performance of the Chinese Aerospace & Defense industry.

The company's shares are down 1.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of AVIC Xi'an Aircraft Industry Group's balance sheet and an in-depth analysis of the company's financial position.

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