Core Viewpoint - The company AVMAX has successfully received insurance compensation of approximately $22.97 million after three aircraft it leased to Russian clients were stranded due to geopolitical conflicts since February 2022 [1][4]. Group 1: Aircraft Leasing Contracts - AVMAX had signed three aircraft leasing contracts with Russian clients, which became problematic due to sanctions affecting the aviation industry [1]. - The aircraft involved include two DHC-8-200 and one DHC-8-300, with lease terms ranging from 96 to 148 months [3]. Group 2: Insurance Compensation Details - The total insurance claim amount agreed upon with the insurer was $29 million, with a net amount received after deductions of $22.97 million [4]. - The compensation, when converted at the exchange rate on August 8, amounts to approximately 164 million RMB, impacting the company's net profit by about 126 million RMB after tax [4]. - This insurance payout represents a significant 172.92% of the company's net profit from the previous year [4]. Group 3: Financial Impact and Accounting Treatment - The company had previously fully impaired the value of the three aircraft, and this insurance payout is considered a non-recurring gain [5].

Group 1 - The core point of the article is that the company Shanhai Intelligent has received insurance compensation of $22.9651 million after unsuccessful attempts to recover aircraft leased to a Russian client due to geopolitical conflicts [2] - The insurance compensation represents a significant impact on the company's net profit, accounting for 172.92% of the previous year's net profit attributable to shareholders [2] - The company has a diversified business model in the general aviation sector, which includes aircraft manufacturing, operation, and operator services, following the acquisition of AVMAX in 2016 [5] Group 2 - In the first quarter of 2025, the company reported a revenue of 1.513 billion yuan, a year-on-year decrease of 8.96%, while the net profit attributable to shareholders increased by 57.31% to 32.46 million yuan [5] - The company's market capitalization is approximately 19.82 billion yuan, with notable stock performance recording 9 limit-up days in the last 16 trading days [5]

Core Viewpoint - The company Shanhai Intelligent has received insurance compensation of approximately $29 million due to aircraft leasing contracts with Russian clients, which were affected by geopolitical conflicts since February 2022 [3]. Group 1: Insurance Compensation - Shanhai Intelligent's subsidiary AVMAX has successfully negotiated an insurance claim of $29 million, with a net amount of $22.9651 million received after deducting legal fees [3]. - The insurance payment, after tax deductions, is expected to impact the company's net profit by approximately 126 million yuan, accounting for 172.92% of the previous year's net profit attributable to shareholders [3]. Group 2: Aircraft Leasing Contracts - AVMAX had signed three aircraft leasing contracts with Russian clients, which have been affected by sanctions since the geopolitical conflict began [3]. - The details of the leased aircraft include DHC-8-300 and DHC-8-200 models, with contracts ranging from 96 to 148 months [5]. Group 3: Financial Performance - In the first quarter of 2025, the company reported a revenue of 1.513 billion yuan, a year-on-year decrease of 8.96%, while the net profit attributable to shareholders increased by 57.31% to 32.46 million yuan [8]. - The company's market capitalization is currently around 19.82 billion yuan, with 9 trading limit-ups recorded in the last 16 trading days [9]. Group 4: Company Background - Shanhai Intelligent entered the general aviation sector in 2002 and acquired Canadian AVMAX in 2016, establishing a comprehensive industry chain layout across aviation manufacturing, operation, and service [7].

Group 1 - Company AVMAX, a wholly-owned subsidiary of Shanhe Intelligent, has reached an agreement with aircraft insurance underwriters regarding a compensation plan, confirming that AVMAX can receive $29 million in insurance claims [2] - As of now, AVMAX has fully received $22.9651 million in insurance compensation after deducting legal fees, equivalent to approximately 164 million RMB [2] - The insurance compensation, after tax deductions, will impact the listed company's net profit by 126 million RMB [2] Group 2 - Shanhe Intelligent revealed that AVMAX had signed three aircraft leasing contracts with Russian clients, but due to geopolitical conflicts since February 2022, the aviation industry has been under sanctions [2] - AVMAX has made multiple attempts to recall the leased aircraft in Russia according to relevant policies, but has been unsuccessful in recovering the aircraft [2] - In 2024, Shanhe Intelligent's aviation business revenue is projected to be 1.013 billion RMB, accounting for 14.24% of total revenue, with a gross profit margin of 60.71% [2]

Core Viewpoint - AVMAX, a wholly-owned subsidiary of the company, has successfully reached an agreement with insurance underwriters for a compensation payment of $29 million, which will significantly impact the company's financials for the year [2]. Group 1: Insurance Compensation Details - AVMAX will receive a total insurance compensation of $29 million, with a net amount of $22.9651 million after deducting legal fees [2]. - The received insurance compensation, when converted at the exchange rate of 7.1382, amounts to approximately ¥163.9295 million [2]. - The impact on the company's net profit after tax from this insurance compensation is estimated to be ¥126.2257 million, which represents 172.92% of the company's audited net profit attributable to shareholders from the previous year [2]. Group 2: Background and Context - AVMAX had previously entered into three aircraft leasing contracts with Russian clients, but due to geopolitical conflicts since February 2022, the aviation industry has faced sanctions, making it impossible for AVMAX to recover the leased aircraft [1][2]. - The compensation received is classified as a non-recurring gain, as AVMAX had already fully provided for impairment on the three aircraft prior to this compensation [2].

3架租出去的飞机滞留俄罗斯后，山河智能（002097.SZ）终于收到了保险赔偿金。 8月11日，山河智能公告称，公司全资子公司AVMAX曾与俄罗斯客户签订三份飞机租赁合同。自2022年2月地缘政治冲突以来，航空业在制裁范围内。 AVMAX根据相关政策，多次尝试召回上述租赁在俄罗斯的飞机。尽管已持续进行交涉与回收操作，仍无法成功收回涉事飞机。 | 飞机类型 | 序列号 | 承租方 | 合同开始日期 | 合同到期日期 | 租期 | | --- | --- | --- | --- | --- | --- | | DHC-8-300 | 443 | Yakutia Airlines | 2019年7月18日 | 2027年7月17日 | 96个月 | | DHC-8-200 | 459 | Aurora JSC | 2012年3月1日 | 2024年6月30日 | 148个月 | | DHC-8-200 | 457 | Aurora JSC | 2012年3月1日 | 2024年6月30日 | 148个月 | 据公司官网，山河智能在2002年就进入通用航空领域，2016年成功收购加拿大AVMAX公司，业务细分为航空制 ...

Group 1 - Company Shanhe Intelligent received an insurance payout of 290 million yuan (approximately 29 million USD) from a US insurance company due to aircraft stranded in Russia amid geopolitical conflicts [3][5] - The aircraft were leased to Russian clients, and despite multiple attempts to recover them since the conflict began in February 2022, the company was unable to do so [4][5] - The net impact of the insurance payout on the company's net profit is approximately 126.23 million yuan, which accounts for 172.92% of the company's audited net profit for the previous year [5][6] Group 2 - Shanhe Intelligent's stock has seen significant growth, with a cumulative increase of 116% over 16 trading days, including 9 trading days with price limits [6] - The company's main business areas include engineering machinery, aviation equipment and services, and special equipment, providing comprehensive solutions to global clients [6] - In 2024, the revenue from the aviation business was 1.013 billion yuan, representing 14.24% of total revenue, with a gross margin of 60.71% [7] Group 3 - The total number of shareholders for Shanhe Intelligent has increased to 240,460, reflecting a change of 37.53% [8] - The company has previously fully recognized impairment for the three aircraft, indicating that the recent insurance payout is considered a non-recurring gain [6]

Core Viewpoint - Shanhe Intelligent has received an insurance compensation of 160 million yuan from a U.S. insurance company due to aircraft rental contracts with Russian clients that could not be fulfilled due to geopolitical conflicts [3][4][6]. Summary by Sections Company Overview - Shanhe Intelligent's main business areas include engineering machinery, aviation equipment and services, and special equipment, providing comprehensive solutions to global clients [10]. - The company's primary products consist of excavators, piling machinery, aerial work platforms, mining equipment, emergency rescue equipment, oil and gas pipeline equipment, railway maintenance equipment, and green energy extraction equipment [10]. Insurance Compensation Details - Shanhe Intelligent's wholly-owned subsidiary, AVMAX, had signed three aircraft rental contracts with Russian clients, which became uncollectible due to geopolitical tensions since February 2022 [4][6]. - AVMAX reached an agreement with the insurance underwriters, confirming an insurance payout of 29 million USD, with a net amount of approximately 22.97 million USD after legal fees [6]. - The received insurance compensation, converted at the exchange rate of 7.1382, amounts to approximately 163.93 million yuan, impacting the company's net profit by about 126.23 million yuan, which is 172.92% of the previous year's audited net profit [6]. Stock Performance - Following the recent developments, Shanhe Intelligent's stock has seen significant increases, with a cumulative rise of 116% over 16 trading days, including 9 trading limits [6]. - As of the latest data, the company's market capitalization reached 19.2 billion yuan [6]. Financial Metrics - In the fiscal year 2024, Shanhe Intelligent's aviation business generated revenue of 1.013 billion yuan, accounting for 14.24% of total revenue, with a gross margin of 60.71% [10]. - The total number of shareholders has increased significantly, with the latest count at 240,046, reflecting a growth rate of 37.53% [11].

Core Viewpoint - The company Shanhai Intelligent has received insurance compensation for three aircraft that were stranded in Russia due to geopolitical conflicts, marking a significant financial event for the company [2][5]. Group 1: Company Overview - Shanhai Intelligent's wholly-owned subsidiary AVMAX had signed three aircraft leasing contracts with Russian clients, which became problematic following the geopolitical conflict that began in February 2022 [2]. - The company entered the general aviation sector in 2002 and acquired Canadian AVMAX in 2016, establishing a comprehensive industry chain that includes aircraft manufacturing, operation, and service [5]. Group 2: Financial Impact - AVMAX has reached an agreement with its insurance provider for a compensation amount of $29 million, with a net amount of approximately $22.97 million received after deducting legal fees [5]. - The insurance compensation, after tax deductions, is expected to positively impact the company's net profit by approximately 126 million yuan, which represents 172.92% of the company's net profit attributable to shareholders from the previous year [5]. Group 3: Market Performance - As of the latest report, Shanhai Intelligent's revenue for the first quarter of 2025 was 1.513 billion yuan, a decrease of 8.96% year-on-year, while the net profit attributable to shareholders increased by 57.31% to 32.46 million yuan [7]. - The company's stock has experienced significant growth, with a cumulative increase of 123.19% over 16 trading days, leading to a market capitalization of approximately 19.2 billion yuan [7]. Group 4: Industry Context - Other companies, such as Zhejiang Rifa Precision Machinery Co., Ltd., are also facing challenges with aircraft stranded in Russia, highlighting a broader issue within the aviation leasing industry due to geopolitical tensions [7][8]. - Rifa's subsidiary Airwork Holdings has initiated legal action against its insurance provider regarding compensation for aircraft that remain in Russia, indicating ongoing disputes in the industry related to insurance claims [7][10].

Core Viewpoint - The company Shanhai Intelligent (002097.SZ) has received insurance compensation of $29 million for three aircraft that were stranded in Russia due to geopolitical conflicts, significantly impacting its financials and operations [1][5]. Group 1: Aircraft Leasing and Insurance Compensation - Shanhai Intelligent's wholly-owned subsidiary AVMAX had signed three aircraft leasing contracts with Russian clients, which became problematic following the geopolitical conflict that began in February 2022 [1][5]. - AVMAX attempted multiple times to recall the aircraft but was unsuccessful, leading to the eventual insurance claim [1][5]. - The insurance compensation received amounts to $29 million, with a net amount of approximately $22.97 million after deducting legal fees, translating to about 164 million RMB [5]. Group 2: Financial Impact - The insurance payout, after tax deductions, is expected to positively impact the company's net profit by approximately 126 million RMB, accounting for 172.92% of the previous year's net profit attributable to shareholders [5]. - The company had previously fully impaired the value of the three aircraft, making this insurance payout a non-recurring gain [5]. Group 3: Market Performance - As of the latest report, Shanhai Intelligent's revenue for the first quarter of 2025 was 1.513 billion RMB, a year-on-year decrease of 8.96%, while the net profit attributable to shareholders increased by 57.31% to 32.46 million RMB [8]. - The stock has seen significant movement, with 9 trading days of limit-up gains over the past 16 days, resulting in a cumulative increase of 123.19%, bringing the market capitalization to approximately 19.2 billion RMB [8]. Group 4: Industry Context - Other companies, such as Zhejiang Rifa Precision Machinery Co., Ltd. (002520.SZ), are also facing similar issues with aircraft stranded in Russia, indicating a broader industry challenge due to geopolitical tensions [10][11]. - Rifa's subsidiary Airwork Holdings Limited has initiated legal action against insurance companies for compensation related to aircraft leasing contracts affected by the same geopolitical issues [10][11].