AVIC SAC(SH:600760)2018-01-26 16:00Financial Performance - The company expects a net profit attributable to shareholders of approximately 706 million yuan for 2017, an increase of about 678 million yuan compared to the previous year, representing a year-on-year increase of approximately 2443%[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be around 379 million yuan, an increase of approximately 488 million yuan compared to the previous year[3] - The net profit for 2016 was 27.77 million yuan, indicating a relatively low comparison base for 2017[6] - Non-operating gains and losses for 2017 are expected to be around 327 million yuan, a significant increase from 136.38 million yuan in 2016[7] Major Asset Restructuring - The company completed a major asset restructuring in 2017, significantly enhancing its asset scale and profitability by shifting its main business focus to aircraft manufacturing[7] - The company’s major asset restructuring included the sale of all assets and liabilities except for a 66.61% stake in Shanghai Aviation Special Vehicles Co., Ltd., and the acquisition of 100% of Shenyang Aircraft Corporation[4] - The change in the scope of consolidation for the financial statements occurred due to the completion of the major asset restructuring[8] Earnings Forecast and Audit - The company’s earnings forecast is based on preliminary calculations and has not been audited by registered accountants[5] - The company’s earnings report for 2017 will be subject to formal disclosure and audit, emphasizing the importance of investor caution regarding investment risks[10] - There are no significant uncertainties affecting the accuracy of the earnings forecast[9]