航发动力(600893) - 2016 Q2 - 季度业绩预告

Financial Performance - The estimated net profit for the first half of 2016 is projected to be between 70 million and 90 million CNY, representing a year-on-year decline of 76% to 81% compared to 375.87 million CNY in the same period last year[4][6]. - The decrease in net profit is primarily attributed to a reduction in investment income, as the subsidiary Limin Company had a stock sale gain of 192.6 million CNY in the previous year, which is not present this period[8]. Revenue and Deliveries - Revenue from aviation engines and related products has decreased due to a lower delivery volume compared to the previous year[8]. - The subsidiary Liyang Power has moved to an aviation industrial park, resulting in decreased product deliveries and increased costs[8]. - The company anticipates an improvement in performance in the second half of the year as the delivery volume of aviation engines and related products is expected to increase[10].