SUNWARD(SZ:002097) 证券时报·2025-08-12 04:37Core 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].