Financial Performance - The company's revenue for the year ended December 31, 2022, was RMB 63.639 billion, representing a 5.54% increase from RMB 60.296 billion in 2021[6]. - The net profit attributable to the parent company's shareholders for 2022 was RMB 2.216 billion, a decrease of 6.46% from RMB 2.369 billion in 2021[6]. - The gross profit margin improved to 22.60% in 2022, up from 21.06% in 2021, reflecting a 1.54 percentage point increase[6]. - Total assets increased by 7.56% to RMB 144.006 billion in 2022, compared to RMB 133.889 billion in 2021[7]. - Total liabilities rose by 8.51% to RMB 85.853 billion in 2022, up from RMB 79.123 billion in 2021[7]. - The company achieved a basic and diluted earnings per share of RMB 0.287 in 2022, down from RMB 0.307 in 2021, marking a decrease of 6.51%[6]. - Operating profit for 2022 was RMB 5.190 billion, a decrease of RMB 0.072 billion or 1.37% from the previous year, primarily due to performance decline in a subsidiary[34]. - Cash flow from operating activities in 2022 was RMB 10.358 billion, an increase of RMB 8.113 billion or 361.38% compared to the previous year, driven by increased customer prepayments[42]. Revenue Breakdown - The revenue from the aviation complete machine business was RMB 20.302 billion, a decrease of RMB 0.086 billion or 0.42% compared to RMB 20.388 billion in the previous year, accounting for 31.90% of total revenue[28]. - Revenue from aviation supporting systems and related businesses was RMB 36.591 billion, an increase of RMB 3.410 billion or 10.28% from RMB 33.181 billion in the previous year, representing 57.50% of total revenue[28]. - Revenue from aviation engineering services was RMB 6.746 billion, an increase of RMB 0.019 billion or 0.28% from RMB 6.727 billion in the previous year, accounting for 10.60% of total revenue[29]. Expenses and Investments - Sales expenses for the year were RMB 0.764 billion, an increase of RMB 0.076 billion or 11.05% from RMB 0.688 billion in the previous year, accounting for 1.20% of total revenue[30]. - In 2022, the company's management expenses amounted to RMB 3.926 billion, an increase of RMB 0.332 billion or 9.24% compared to the previous year, accounting for 6.17% of total revenue, up 0.21 percentage points year-on-year[31]. - Research and development expenses in 2022 totaled RMB 4.442 billion, an increase of RMB 0.990 billion or 28.68% year-on-year, representing 6.98% of total revenue, up 1.25 percentage points[32]. - Employee costs for the year amounted to RMB 12.343 billion, an increase of RMB 1.163 billion or 10.40% compared to the previous year[61]. Strategic Initiatives - The company plans to continue integrating and restructuring its airborne and helicopter businesses in 2023, supporting the construction of the Tianjin civil helicopter industrial base[21]. - The company aims to deepen cooperation with top domestic aviation research institutions, focusing on green and intelligent aviation technologies[21]. - The company will actively seek domestic and international acquisition opportunities within the aviation industry chain[21]. - The company successfully raised approximately RMB 3.4 billion through a non-public issuance of A-shares to support the industrialization of aviation technology projects[53]. - The company plans to issue A-shares to raise no more than RMB 5 billion as part of a share swap merger agreement with AVIC Electronics and AVIC Electromechanical[103]. Corporate Governance - The company has implemented internal controls to ensure compliance with relevant laws and regulations in China, with no significant violations reported as of December 31, 2022[148]. - The supervisory board confirmed that the financial reports presented to the shareholders accurately reflect the company's financial status and operational performance[155]. - The company has established a nomination committee, which includes four members, to oversee the nomination process for directors[189]. - The company’s audit and risk management committee is responsible for supervising financial operations and ensuring compliance with applicable laws and regulations[185]. - The company has adopted stricter internal trading rules compared to the Hong Kong listing rules, ensuring compliance among all directors and relevant employees[196]. Leadership and Management Changes - The company has seen a significant leadership change with Sun Jizhong appointed as General Manager in February 2023, previously holding various financial roles within the aviation industry[77]. - The company appointed Liu Weiwu as an independent non-executive director since June 2018, bringing extensive financial management experience from various roles within China Merchants Group[71]. - Mao Fugeng has been an independent non-executive director since May 2021, with a strong background in management accounting and corporate finance, having served on several boards[72]. - Zhang Minsheng resigned from his positions as chairman and executive director on February 21, 2023, due to work changes[174]. Market Position and Recognition - The company ranked 144th in the Fortune Global 500 and 2nd in the aerospace and defense sector[18]. - The company received several awards, including the "Most Investment Value Listed Company Award" and recognition among the top 100 listed companies in ESG[19]. - The company is committed to enhancing shareholder value through strategic investments and operational improvements[1]. Environmental and Social Responsibility - The company continues to enhance its environmental protection management and practices green development during the reporting period[82]. - The company emphasizes compliance with Chinese environmental laws and regulations as part of its environmental policy[82]. Future Outlook - Future outlook indicates a focus on expanding market presence and investing in new technologies to enhance product offerings and operational capabilities[1]. - The company has set ambitious performance guidance for the upcoming fiscal year, projecting a revenue growth of approximately 15%[1].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而産生或因倚賴 該等內容而引致之任何損失承擔任何責任。 中國航空科技工業股份有限公司 AviChina Industry & Technology Company Limited* （於中華人民共和國註冊成立之股份有限公司） （股份代號：2357） 截至二零二二年十二月三十一日止年度之業績公告； 建議修訂公司章程及股東大會議事規則；及 董事會專門委員會之成員變動 財務摘要 董事會宣佈，本公司努力克服產品結構調整影響，收入繼續保持增長。  截至二零二二年十二月三十一日止年度，本集團實現收入為人民幣636.39億元，較上年同 期收入人民幣602.96億元增長人民幣33.43億元，增幅為5.54%。  截至二零二二年十二月三十一日止年度，本公司歸屬於母公司所有者的淨利潤為人民幣 22.16億元，較上年同期本公司歸屬於母公司所有者的淨利潤人民幣23.69億元减少人民幣 1.53億元，降幅為6.46%。 ...

Fund Utilization - In the fiscal year 2021, approximately RMB 3.83 billion of the raised funds were utilized, with RMB 3.50 billion allocated to aviation product investments and RMB 0.33 billion to aviation research and industrialization projects [2]. - As of October 31, 2021, approximately RMB 9.63 billion of the raised funds had been used, including RMB 8.12 billion for aviation product investments and RMB 1.51 billion for aviation research projects [2]. - The remaining unutilized funds as of October 31, 2021, amounted to approximately RMB 2.12 billion, which is planned to be fully used for aviation product investments [2]. Impact of External Factors - The timeline for the completion of the use of the raised funds may be delayed due to the impact of the COVID-19 pandemic and international economic conditions [2]. Disclosure Practices - The company will provide ongoing disclosures regarding the actual use of the H-share placement funds in future annual and interim reports [2]. H-share Placement - The net proceeds from the H-share placement amounted to approximately HKD 1.346 billion [1].

( 在中華人民共和國註冊成立的股份有限公司 ) ( 股票代碼: 2357 ) 中 國 航 空 科 技 工 業 股 份 有 限 公 司 2022 中期報告 目錄 | --- | --- | --- | |-------|-------|--------------------| | | | | | | 2 | 中期業績概要 | | | 3 | 管理層討論及分析 | | | 12 | 權益披露及其他資料 | | | 17 | 合併資產負債表 | | | 21 | 公司資產負債表 | | | 24 | 合併利潤表 | | | 27 | 公司利潤表 | | | 29 | 合併現金流量表 | | | 32 | 公司現金流量表 | | | 34 | 合併股東權益變動表 | | | 36 | 公司股東權益變動表 | | | 38 | 財務報表附註 | | | | | 91 公司資料 中期業績概要 中期股息 中國航空科技工業股份有限公司（「本公司」）董事會（「董事會」）謹宣佈，本公司及附屬公司（合稱「本集團」）截至二零二二年六月 三十日止六個月期間按照中國企業會計準則編製之未經審計之中期業績。 | --- | --- | | ...

中 國 航 空 科 技 工 業 股 份 有 限 公 司 (Stock Code : 2357) 中 國 航 空 科 技 工 業 股 份 有 限 公 司 (A joint stock limited company incorporated in the People's Republic of China with limited liability) ( 在中華人民共和國註冊成立的股份有限公司) (股票代碼: 2357) 年 報ANNUAL REPORT 2021 年報 目錄 2 公司簡介 4 財務摘要 7 董事長報告書 9 管理層討論及分析 22 董事、監事及高級管理人員 29 董事會報告 52 監事會報告 54 企業管治報告 76 環境、社會及管治報告 125 審計報告 131 合併資產負債表 135 公司資產負債表 137 合併利潤表 140 公司利潤表 142 合併現金流量表 144 公司現金流量表 146 合併股東權益變動表 148 公司股東權益變動表 150 財務報表附註 338 財務報表補充資料 341 年報釋義 346 公司信息 1111 11 公司簡介 本公司是二零零三年四月三十日於中國設 ...

中 國 航 空 科 技 工 業 股 份 有 限 公 司 (A joint stock limited company incorporated in the People's Republic of China with limited liability) (Stock Code : 2357) 中 國 航 空 科 技 工 業 股 份 有 限 公 司 ( 在中華人民共和國註冊成立的股份有限公司 ) ( 股票代碼: 2357 ) 中期報告 INTERIM REPORT 目錄 2 中期業績概要 3 管理層討論及分析 11 權益披露及其他資料 16 合併資產負債表 20 公司資產負債表 23 合併利潤表 26 公司利潤表 28 合併現金流量表 31 公司現金流量表 33 合併股東權益變動表 35 公司股東權益變動表 37 財務報表附註 122 財務報表補充資料 123 公司資料 中期業績概要 中國航空科技工業股份有限公司（「本公司」）董事會（「董事會」）謹宣佈，本公司及附屬公司（合稱「本集團」）截至二零二一年六月 三十日止六個月期間按照中國企業會計準則（「中國企業會計準則」）編製之未經審計之中期業績。 | --- ...

(A joint stock limited company incorporated in the People's Republic of China with limited liability) ANNUAL REPORT 2020 年報 (Stock Code : 2357) 中 國 航 空 科 技 工 業 股 份 有 限 公 司 中 國 航 空 科 技 工 業 股 份 有 限 公 司 ( 在中華人民共和國註冊成立的股份有限公司) (股票代碼: 2357) 年報 目錄 2 公司簡介 4 財務摘要 7 董事長報告書 10 管理層討論及分析 22 董事、監事及高級管理人員 29 董事會報告 53 監事會報告 55 企業管治報告 76 環境、社會及管治報告 109 獨立核數師報告 116 合併損益表 117 合併損益及其他綜合收益表 118 合併財務狀況表 121 合併權益變動表 124 合併現金流量表 127 合併財務報表附註 257 年報釋義 262 公司信息 公司簡介 本公司是二零零三年四月三十日於中國設立的股份有限公司。本公司的H股於二零零三年十月三十日在香港聯交所掛牌上市（股 票代碼：02357 ...

Financial Performance - Revenue for the six months ended June 30, 2020, was RMB 20.198 billion[5] - Profit attributable to equity holders was RMB 740 million, with basic and diluted earnings per share of RMB 0.1186[5] - The company's equity attributable to equity holders was RMB 18.975 billion[5] - The company did not declare an interim dividend for the six months ended June 30, 2020[5] - For the six months ended June 30, 2020, the group achieved revenue of RMB 20.198 billion, an increase of RMB 2.019 billion or 11.10% compared to RMB 18.179 billion in the same period last year[12] - The net profit attributable to equity holders for the six months ended June 30, 2020, was RMB 0.740 billion, reflecting a growth of 15.98% year-on-year[131] - The company reported a net profit of RMB 740,030 thousand for the period, contributing to a total comprehensive income of RMB 1,566,117 thousand[44] - The company reported a total of RMB 1,298,621 thousand in profit attributable to equity holders for the period[45] - The company reported a net profit for the period was RMB 1,581,758 thousand, compared to RMB 1,298,621 thousand in 2019, indicating a year-over-year increase of around 21.8%[41] Revenue Segmentation - The revenue from the aviation complete machine segment was RMB 7.742 billion, representing a growth of 21.92% year-on-year, primarily due to increased sales of helicopters and advanced training aircraft[16] - The aviation parts segment generated revenue of RMB 10.009 billion, up 7.20% year-on-year, driven by an increase in the delivery volume of aviation parts[16] - The aviation engineering service segment reported revenue of RMB 2.447 billion, a decline of 1.81% year-on-year, accounting for 12.12% of total revenue[16] - Revenue from external customers in the helicopter manufacturing segment was RMB 7,741,726 thousand, while the aviation parts segment generated RMB 10,008,529 thousand, and aviation engineering services contributed RMB 2,447,350 thousand[171] Expenses and Profitability - The group's gross profit for the six months ended June 30, 2020, was RMB 4.057 billion, an increase of RMB 0.158 billion or 4.05% compared to RMB 3.899 billion in the same period last year[17] - The overall gross margin for the period was 20.09%, a decrease of 1.36 percentage points compared to the previous year[17] - Sales and distribution expenses amounted to RMB 0.227 billion, a reduction of RMB 0.062 billion or 21.45% year-on-year, primarily due to decreased travel and service costs amid the pandemic[18] - Administrative expenses for the period were RMB 2.012 billion, a decrease from RMB 2.113 billion in the previous year, with administrative expenses accounting for 9.96% of total revenue[131] - The company reported a net financial expense of RMB 106,004 thousand, significantly reduced from RMB 205,171 thousand in the previous year, indicating improved financial management[152] Assets and Liabilities - Total assets as of June 30, 2020, amounted to RMB 92,608,267 thousand, an increase from RMB 90,744,026 thousand at the end of 2019[42] - Total liabilities rose to RMB 53,082,252 thousand as of June 30, 2020, compared to RMB 52,194,448 thousand in 2019, indicating an increase of about 1.7%[67] - The company's cash and cash equivalents as of June 30, 2020, were RMB 12,039,622 thousand, down from RMB 13,059,640 thousand at the end of 2019[42] - The total borrowings and convertible bonds as of June 30, 2020, were RMB 12.746 billion, with long-term borrowings of RMB 4.071 billion and bank borrowings of RMB 5.217 billion at an average annual interest rate of 4%[19] - The capital debt ratio as of June 30, 2020, was 13.76%, an increase from 11.94% as of December 31, 2019[21] Shareholder Information - The company’s major shareholders include Tianjin Free Trade Zone Investment, holding 249,769,500 domestic shares, representing approximately 16.64% of the issued domestic share capital[32] - As of June 30, 2020, China Aviation Industry held 3,499,531,569 H shares, representing approximately 56.32% of the issued share capital[32] - The company completed the grant of 31,041,157 restricted stock units to 1,164 participants, accounting for 2.90% of the total share capital on the grant date[36] - The company repurchased a total of 34,459,000 H shares on the Hong Kong Stock Exchange, with a cash consideration of HKD 13,332.47 thousand during the six months ended June 30, 2020[151] Corporate Governance and Compliance - The company has established an audit committee to review the unaudited interim consolidated financial statements for the six months ending June 30, 2020[34] - The company has adopted the corporate governance code as per Hong Kong listing rules and believes it has complied with the principles and provisions during the reporting period[35] - The company’s board of directors confirmed that all directors and supervisors complied with the trading standards set forth in the standard code during the six months ending June 30, 2020[28] Strategic Initiatives and Future Plans - The acquisition of 100% equity in AVIC Helicopter Company is progressing and requires approval from the China Securities Regulatory Commission[6] - The company aims to enhance its core manufacturing capabilities through the implementation of smart production lines and increased automation and information technology[9] - The group is actively exploring opportunities in high-tech fields such as 5G and data center construction[9] - The company plans to issue 1,500,669,406 domestic shares as part of an acquisition agreement, with 1,250,899,906 shares allocated to China Aviation Industry and 249,769,500 shares to Tianjin Free Trade Zone Investment[33] Employee Information - The group had 43,436 employees as of June 30, 2020, with total employee costs for the period amounting to RMB 3.095 billion, a decrease of 7.36% from RMB 3.341 billion in the previous year[26] - Employee costs for the six months ended June 30, 2020, amounted to RMB 3.095 billion, a decrease of RMB 246 million or 7.36% compared to the same period last year[138]

Financial Performance - The company's revenue for the year ended December 31, 2019, was RMB 42.119 billion, representing a 17.80% increase from RMB 35.756 billion in 2018[9] - Profit attributable to equity holders of the company was RMB 1.377 billion, up 7.08% from RMB 1.286 billion in the previous year[9] - The gross profit margin for 2019 was 21.40%, slightly down from 21.80% in 2018[9] - Total assets increased to RMB 90.744 billion, a 3.18% rise from RMB 87.949 billion in 2018[10] - Total liabilities were RMB 52.194 billion, reflecting a 0.86% increase from RMB 51.751 billion in the previous year[10] - For the fiscal year ended December 31, 2019, the company achieved a revenue of RMB 42.119 billion, an increase of RMB 6.363 billion or 17.80% compared to RMB 35.756 billion in the previous year[25] - The profit attributable to equity holders for the fiscal year was RMB 1.377 billion, up RMB 0.091 billion or 7.08% from RMB 1.286 billion in the prior year[35] Business Segments - The aerospace complete machine business generated revenue of RMB 15.309 billion, a significant increase of RMB 4.298 billion or 39.03% from RMB 11.011 billion in the previous year, driven by higher sales of helicopters and trainer aircraft[27] - The aerospace components business reported revenue of RMB 20.952 billion, an increase of RMB 1.803 billion or 9.42% from RMB 19.149 billion, primarily due to growth in avionics and optoelectronic product sales[28] - The aerospace engineering services business achieved revenue of RMB 5.858 billion, up RMB 0.262 billion or 4.68% from RMB 5.596 billion in the previous year[28] - The revenue from the aircraft manufacturing segment for 2019 was RMB 15.309 billion, an increase of 39.03% year-on-year, with helicopter sales contributing RMB 12.766 billion, a 24.62% increase[46] - The revenue from the aviation parts segment for 2019 was RMB 20.952 billion, a growth of 9.42% year-on-year, with avionics contributing RMB 15.746 billion, a 10.47% increase[47] - The revenue from the aviation engineering services segment for 2019 was RMB 5.858 billion, an increase of 4.68% year-on-year[48] Research and Development - The company is enhancing its R&D capabilities and optimizing its investment in high-tech aviation industries, including drone technology and 5G platform construction[20] - R&D expenses rose by RMB 0.578 billion or 34.78% compared to the previous year, reflecting the company's commitment to innovation[30] - In 2019, the company invested a total of RMB 4.934 billion in the production and R&D of advanced trainer aircraft, helicopters, and aviation composite materials, as well as in the acquisition of aviation assets and equity investments[54] - The company aims to enhance its technological innovation capabilities and improve management efficiency while pursuing strategic investments in emerging industries[49] Acquisitions and Strategic Initiatives - The company is actively pursuing the acquisition of 100% equity in AVIC Helicopter, aiming to enhance the competitiveness of its helicopter products[20] - The company plans to complete the acquisition of helicopter equity and integrate the helicopter industry chain to enhance business development[53] - The company plans to actively seek overseas capital operation opportunities and optimize its capital structure and shareholder structure[22] - The company aims to enhance its governance structure and stimulate development vitality through strategic acquisitions and integration of helicopter business[22] Cash Flow and Financial Position - The group's net cash and cash equivalents as of December 31, 2019, amounted to RMB 13.06 billion, primarily generated from cash and bank deposits at the beginning of the year and operating activities[38] - The net cash inflow from operating activities for 2019 was RMB 2.664 billion, an increase of RMB 2.113 billion or 383.48% compared to RMB 551 million in the previous year, mainly due to increased collections from accounts receivable[40] - The net cash outflow from investing activities for 2019 was RMB 2.084 billion, an increase of RMB 548 million or 35.68% compared to RMB 1.536 billion in the previous year, primarily due to increased investments[40] - The net cash inflow from financing activities for 2019 was RMB 334 million, a decrease of RMB 1.704 billion or 83.61% compared to RMB 2.038 billion in the previous year, due to the absence of significant financing activities[41] - The total borrowings and convertible bonds as of December 31, 2019, amounted to RMB 10.837 billion, with short-term borrowings at RMB 6.403 billion and long-term borrowings at RMB 2.643 billion[41] - The capital debt ratio as of December 31, 2019, was 11.94%, down from 15.06% as of December 31, 2018[43] Corporate Governance - The company has implemented internal controls to ensure compliance with relevant laws and regulations in China, with no significant violations reported as of December 31, 2019[117] - The company has no financial, business, or familial relationships among its directors, supervisors, and senior management beyond their work relationships[112] - The company has taken appropriate insurance for its directors and senior management against potential legal actions related to their positions during the reporting period[120] - The company has established a nomination committee to ensure a transparent and prudent process for appointing new directors[130] - The board of directors is responsible for managing the group's affairs in the best interest of the company and ensuring the integrity of financial data and risk management procedures[131] Environmental and Social Responsibility - The company continues to enhance its environmental protection management and actively promotes energy conservation and emission reduction initiatives[72] - The company has implemented strict compliance with Chinese environmental protection laws and regulations as part of its environmental policy[72] - The company aims to increase employee awareness of environmental protection and encourage active participation in environmental initiatives[72] - The company has been focusing on green development and improving its environmental governance level during the reporting period[72] - The company is committed to sustainable development and actively explores new models to achieve high-quality growth[166] Employee Management and Training - The company achieved a 5.78% increase in employee costs, totaling RMB 7.626 billion in 2019, compared to RMB 7.209 billion in the previous year[56] - The company emphasizes the importance of employee training to enhance knowledge and skills, continuously reviewing and improving training programs[58] - In 2019, the company established a new talent training framework to improve the effectiveness and relevance of training, expanding both domestic and international training channels[58] - The company organized multiple training sessions covering various topics such as aviation industry knowledge, listing rules, accounting standards, compliance management, and investment management[58] Stakeholder Engagement - The company has established effective communication mechanisms with stakeholders, including government, investors, customers, and employees, to understand and respond to their needs[167] - The company maintained ongoing dialogue with shareholders and investors through various activities, including analyst meetings and investor teleconferences[165] - The company has a dedicated team for investor relations management, ensuring effective communication with capital market participants[165] Innovation and Quality Management - The company implemented a quality management system in 2019, achieving compliance with GJB9001C-2017 and AS9100 standards, enhancing product quality control[177] - The average number of issues per project in internal quality reviews decreased from 5.9 in 2018 to 4.8 in 2019, indicating improved project management quality[178] - The company established a customer service management system in 2019, enhancing customer relationship management and satisfaction[179] - The company implemented strict measures to protect customer information and business secrets, ensuring data security through physical and technical safeguards[180] Supply Chain Management - The group had a total of 7,063 global suppliers, with 6,944 domestic suppliers accounting for 98.3%[182] - The group completed the localization of key components by shifting overseas procurement to domestic sources, enhancing cooperation with local suppliers[183] - The group achieved significant breakthroughs in independent innovation, focusing on high-tech industries such as new materials, electronics, and precision manufacturing[185] Awards and Recognition - The company received several awards, including the "Best IR Hong Kong Stock Company Award" and ranked 33rd in the "Top 100 Hong Kong Listed Companies" comprehensive strength list[20] - The company ranked 151st in the 2019 Fortune Global 500 list, marking its 11th consecutive year on the list[20]