AVIC XAC(SZ:000768)2024-05-23 07:21Group 1: Financial Performance - In 2023, AVIC Xi'an Aircraft Industry Group achieved total revenue of 40.301 billion RMB, representing a year-on-year growth of 7.01% [3] - The net profit attributable to shareholders reached 861 million RMB, a significant increase of 64.51% compared to the previous year [6] - The company plans to achieve a revenue of 45.1 billion RMB in 2024, which would be a 12% increase from 2023 [6] Group 2: Strategic Focus and Development - The company is focusing on high-quality development in military aviation, civil aviation, and aviation services, aiming to enhance core capabilities [3] - AVIC Xi'an is committed to integrating military and civilian sectors, emphasizing smart management and intelligent manufacturing [4] - The company has established a detailed human resources plan to optimize talent structure and improve the quality of its workforce [2] Group 3: Market Position and Expansion - AVIC Xi'an is a key player in the global aviation industry, collaborating with major clients like Boeing and Airbus, and maintaining stable growth in delivery volumes [3] - The company is actively exploring opportunities in the low-altitude economy, leveraging its technological capabilities and production capacity [4] - AVIC Xi'an has a strong focus on expanding its market presence both domestically and internationally, ensuring a dual circulation development model [3] Group 4: Innovation and R&D - The company has significantly increased its R&D investment, ranking among the top in the aviation industry for R&D intensity in 2023 [4] - AVIC Xi'an is dedicated to overcoming key technological challenges and enhancing its innovation capabilities through various initiatives [4] - The establishment of core laboratories and internal funds supports the development of critical technologies and new model research [4] Group 5: Shareholder Returns and Corporate Governance - Since its listing, AVIC Xi'an has distributed over 3 billion RMB in cash dividends to shareholders and has maintained a consistent dividend policy for 12 years [6] - The company emphasizes good corporate governance and aims to enhance operational efficiency to improve shareholder returns [6] - Future profit distribution plans will consider industry trends and operational performance [9]