智通财经APP讯，中国飞机租赁(01848)发布公告，于2025年8月15日，因根据2024年末期股息的以股代 息计划而发行332.64万股普通股(以现金派发，可选择以股代息方式收取股息)。 ...

中国飞机租赁(01848)发布公告，于2025年8月15日，因根据2024年末期股息的以股代息计划而发行 332.64万股普通股(以现金派发，可选择以股代息方式收取股息)。 ...

格隆汇8月15日丨中国飞机租赁(01848.HK)发布公告，于2025年8月15日，因根据2024年末期股息的以股 代息计划而发行332.64万股普通股。 ...

格隆汇8月14日丨中国飞机租赁(01848.HK)宣布，本公司将于2025年8月27日(星期三)举行董事会会议， 以批准(其中包括)本公司及其附属公司截至2025年6月30日止六个月的中期业绩，以及考虑派付中期股 息(如有)。 ...

山河智能收到了来自保险公司的赔偿，因为其全资子公司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，尽管AVMAX多次尝试召回上述租赁在俄罗斯的飞机，但未能成 功收回。近日，AVMAX与飞机保险承保人就赔付方案达成一致意见，确认可从保险承保商获得的保险 理赔款为2900万美元，扣除律师费用等后的保险赔付款净额为2296.51万美元。截至目前，AVMAX已全 额收到这笔款项，折算人民币约1.64亿元。保险赔付款项扣税后对公司净利润影响金额为1.26亿元，会 计核算计入营业外收入，占公司上一年度归母净利润的172.92%。 | 飞机序列号 | 合作开始日期 | 合同到期 | 合作终止 | 租期内合同金额 | 租期 | | --- | --- | --- | --- | --- | --- | | | | 日期 | 日期 | (万新西兰元) | | | MSN25731 | 2018年8月 | 2024年11月 | 2022年3月 | 2, 572. 83 | 6年零70天 | | NSN25696 | 2019年1月 | 2025 年4月 | 2022年3月 | 2, 572. 8 ...

Core Viewpoint - The article discusses the recent insurance compensation received by Shanhe Intelligent (山河智能) for aircraft that could not be recovered from Russia due to geopolitical conflicts, highlighting the broader impact on the aircraft leasing industry and the financial implications for companies involved [3][5]. Group 1: Insurance Compensation - Shanhe Intelligent's subsidiary AVMAX received a total insurance compensation of $29 million, with a net amount of $22.97 million after legal fees [4][5]. - The insurance payout, 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 [5]. Group 2: Aircraft Leasing Challenges - AVMAX had previously fully impaired the value of the three aircraft involved, indicating that the insurance compensation is a non-recurring gain [6]. - Other companies, such as Rifa Precision Machinery (日发精机), also face challenges with aircraft stranded in Russia, having reported significant impairment losses due to the inability to recover their leased aircraft [6][8]. Group 3: Broader Industry Impact - Many Chinese leasing companies have encountered similar issues with aircraft stranded in Russia, leading to substantial impairment losses [9]. - The overall leasing business in Russia represents a small portion of the leasing companies' operations, but the rising global aviation market and supply chain issues are leading to increased rental prices for aircraft [10][11]. - Rental rates for narrow-body aircraft have increased by 20%-30% compared to 2019, with expectations of continued growth in 2025 due to ongoing production delays from manufacturers [11][13].

Core Viewpoint - Chinese leasing companies have a limited share of leasing business in Russia, but they are benefiting from rising rental prices in other markets due to aircraft supply constraints as the global aviation market recovers [1][6]. Group 1: Company Specifics - Shanhe Intelligent (002097) received $29 million in insurance compensation for three aircraft leased to Russian clients, which could not be recovered since the geopolitical conflict began in February 2022. The net amount after deductions was approximately $22.97 million [2]. - AVMAX, a wholly-owned subsidiary of Shanhe Intelligent, had previously fully recognized impairment losses on the three aircraft, making the insurance compensation a non-recurring gain that significantly impacts the company's net profit [2][3]. - Another company, Rifa Precision (002520), reported that its subsidiary Airwork has six B757-200 cargo aircraft leased to a Russian client, with only one aircraft recovered so far, leading to an impairment loss of approximately 741 million yuan [3][5]. Group 2: Industry Insights - The majority of aircraft operated by Russian passenger and cargo airlines are leased, with a significant portion coming from overseas leasing companies, including several with Chinese backgrounds [5][6]. - Chinese leasing companies, such as Bank of China Leasing and Bohai Leasing, have fully recognized impairment losses on their aircraft stranded in Russia, with Bank of China Leasing reporting 17 aircraft and an impairment of $804 million [6]. - The rental prices for narrow-body aircraft have increased by 20%-30% compared to 2019, with expectations of continued growth in rental prices for twin-aisle aircraft due to ongoing production delays from manufacturers [7][8].

Core Viewpoint - Fitch Ratings has adjusted the rating outlook of six Chinese state-owned banks' non-bank financial subsidiaries from "negative" to "stable" [1] Group 1: Company Ratings and Performance - The six financial subsidiaries include four leasing companies: ICBC Financial Leasing, Bank of Communications Financial Leasing, CCB Financial Leasing, and BOCA Aviation [1] - BOCA Aviation, a state-owned enterprise, focuses on aircraft leasing and has achieved a 100% aircraft utilization rate for the first time in five years, with a total of 829 aircraft and engines [1] - ICBC Financial Leasing owns over 500 aircraft, including four C919s, while Bank of Communications Financial Leasing has a fleet of 298 aircraft [1] Group 2: Industry Challenges and Risks - Aircraft leasing companies face risks from tariff changes, which can significantly impact procurement costs [3] - The recent announcement of a "reciprocal tariff" policy by the U.S. government could increase the cost of Boeing 737 MAX 8 aircraft from approximately $120 million to over $200 million [3] - In 2024, China is expected to import approximately $12.167 billion worth of helicopters, aircraft, and parts, with over 50% coming from the U.S. [3] Group 3: Strategic Recommendations - Aviation leasing companies should review existing contracts to assess tax cost implications and utilize tariff exclusion rules [5] - It is crucial for companies to clarify tax burden responsibilities in contracts to avoid disputes and renegotiations [5] - Companies are advised to negotiate supplementary agreements to address new tax burdens and reduce uncertainties [5]

Core Viewpoint - China Aircraft Leasing Group (01848) announced the sale of eight aircraft under a lease agreement to enhance capital utilization and pursue long-term sustainable growth, with the transaction expected to be completed by the end of October 2025 [1] Group 1 - The sale involves six owned aircraft, including four Airbus A320neo, one Airbus A321neo, and one Airbus A320ceo, as well as two managed aircraft [1]

Core Viewpoint - China Aircraft Leasing Group (01848) announced the sale of eight aircraft under a lease agreement to enhance capital utilization and pursue long-term sustainable growth, with the transaction expected to be completed by the end of October 2025 [1] Group 1 - The sale involves six aircraft owned by the company, including four Airbus A320neo, one Airbus A321neo, and one Airbus A320ceo, as well as two aircraft managed by the company [1]