AVIC Chengdu Aircraft Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

AVIC Chengdu Aircraft (SZSE:302132) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥1.78b (up 6.1% from FY 2023).
• Net income: CN¥112.3m (up 14% from FY 2023).
• Profit margin: 6.3% (up from 5.9% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.19 (up from CN¥0.17 in FY 2023).

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

AVIC Chengdu Aircraft Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China.

Performance of the Chinese Electronic industry.

The company's shares are down 2.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on AVIC Chengdu Aircraft's balance sheet health.

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