SUNWARD(SZ:002097) 第一财经·2025-08-12 03:59Core 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].