MBAVICN@EC2607A

AVIC Optoelectronics Net Profit Decreased by 36.7% in 2025

Qingyun Instrument Acquires 10% Stake in AVIC Jierui

AVIC Chengdu Unmanned Systems Secures Major Contract, Expected to Positively Impact Performance

AVIC Electronics' Subsidiary Acquires 59.18% Partnership Interest in Hangtou Yuhua

AVIC Aero Acquires 59.1816% Partnership Interest in Hangtou Yuhua

AVIC Helicopter Announces Q3 Earnings: Revenue Down 47.33%, Net Profit Up 51.33%

AVIC Electronics Reports Q1-Q3 2025 Earnings

UBS Downgrades AVIC Industry's Earnings Forecast and Target Price

AVICHINA released FY2025 Q1 earnings on August 29 (BJT), actual revenue HKD 20.06 B, actual EPS HKD 0.069

AVIC Industry's Revenue Increased by 11.43% but Net Profit Decreased by 17.67% in H1 2025

AVICHINA released FY2025 Semi-Annual Earnings on August 29 During-Market (BJT), Actual Revenue HKD 40.57 B, Actual EPS HKD 0.1396

AVICHINA released FY2025 Q2 earnings on August 29 During-Market (BJT), actual revenue HKD 20.5 B, actual EPS HKD 0.0705

AVICHINA to Release FY2025 Semi-Annual Earnings on August 29, 2025 (BJT)

AVIC Industry faces Low Capital Return Rate

Defense Stocks Rise Despite Market Slump; GF and Oriental Securities See Bright Prospects

AVIC International Soars Over 2%

Possible Export of Chinese J-10 Fighter Jets to Indonesia Boosts AVIC Industry's Stock

US Halts Sale of Key Technologies to China

AVIC Industry to Distribute Final Dividend of HK$0.081 per Share

CAIG Non-Executive Director Xu Gang Resigns

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AviChina Industry & Technology Co. Ltd. reported that its affiliate, Jonhon Optronic Technology Co., Ltd. (JONHON), experienced a 36.7% drop in net profit for 2025, totaling RMB 2.12 billion. Despite a 2.98% increase in operating revenue to RMB 21.3 billion, operating profits fell by 29.3% to RMB 2.64 billion due to external market pressures and rising material costs. Final audited data will be available in JONHON’s 2025 annual report.

Reuters

JONHON

Jonhon Affiliate of AviChina Sees 36.7% Drop in 2025 Net Profit

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AviChina Industry & Technology Co. Ltd. is acquiring a 10% equity interest in AVIC Jierui through its subsidiary Keeven Aviation Instrument. The shares are purchased from Aviation Industrial Fund and Ruitexin to strengthen AviChina’s airborne industry chain and enhance product research and development synergy. AVIC, controlled by the State Council of the PRC, remains the controlling shareholder of AviChina, with certain board members abstaining from voting on the acquisition.

AVIC SAC

AVICHINA

Fullgoal CSI Military Top ETF

Guotai CSI Military Industry ETF

Huatai-PB CSI All Share Aviation & Aerospace ETF

Penghua CSI Aerospace Defense Index Fund(LOF)-A

ChinaAMC CNI Aerospace ETF

Tianhong CNI Aerospace ETF

AviChina Acquires Equity Interests in AVIC Jierui

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36Kr learned that the Hang Seng Index opened flat, and the Hang Seng Tech Index rose by 0.38%; INSILICO surged 45% on its first day of trading in Hong Kong; the semiconductor and defense military industry sectors led the gains, with SMIC rising over 2% and AVICHINA rising over 1%; the non-ferrous metals and electrical equipment sectors saw the largest declines, with Ganfeng Lithium falling over 5% and JunDa Co., Ltd. falling over 2%

36Kr

INSILICO

SMIC

The Hang Seng Index opened flat, and the Hang Seng Tech Index rose by 0.38%

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AVICHINA announced related transactions, with its subsidiary AVIC Airborne acquiring a 59.1816% partnership interest in Hangtou Yuhua from Aviation Industry Investment, which mainly engages in venture capital and investment in airborne systems. The consideration is 202 million RMB

AASTOCKS

AVIC Airborne

AVICHINA's subsidiary invests over 200 million RMB to acquire 59% stake in the airborne industry

AviChina Industry & Technology Co. announced that its subsidiary, AVIC Airborne, will acquire a 59.1816% partnership interest in AIC Yuhua from AVIC Industry Investment for RMB 202,105,702.57. This acquisition aims to enhance AviChina's airborne business chain. The transaction is subject to reporting and announcement requirements but is exempt from circular and independent shareholders’ approval requirements.

Tip Ranks

AviChina Expands Airborne Business with Strategic Acquisition

AviChina's subsidiary, AVIC Airborne, is acquiring a partnership interest in AIC Yuhua from AVIC Aviation Industry Investment Co. The move aims to enhance AviChina's airborne business and strengthen synergies. Non-executive directors from AVIC abstained from voting on the acquisition. The transaction's completion depends on the partnership interest transfer agreement terms.

AviChina Subsidiary to Acquire Partnership Interest from AVIC Unit

AviChina Eyes Conversion of Over 261 Million Domestic Shares into Hong Kong Shares

marketscreener

AviChina Eyes Conversion of Over 261 Million Domestic Shares into Hong Kong Shares

AviChina Industry & Technology Co., Ltd. has announced its board of directors and committee roles, with Yan Lingxi as Chairman. The board includes executive, non-executive, and independent directors, and outlines committee memberships. This update is crucial for stakeholders, impacting strategic direction and operational efficiency. The latest analyst rating for HK:2357 is Hold with a HK$4.50 price target.

AviChina Announces Board of Directors and Committee Roles

AviChina Industry & Technology Co. has announced its board's approval to convert 261,522,000 domestic shares into H shares, representing 3.28% of its total issued shares. This initiative, part of the H Share Full Circulation plan, aims to enhance liquidity on the Hong Kong Stock Exchange, pending regulatory approval. The latest analyst rating for AviChina (HK:2357) is a Hold with a HK$4.50 price target.

AviChina Announces H Share Full Circulation Initiative

AviChina Industry & Technology Co. Ltd. held an extraordinary general meeting on December 12, 2025, where all proposals were approved, including the abolishment of the Supervisory Committee and changes in the Board's composition.

AviChina Industry & Technology Co. Ltd. held shareholder meeting

AviChina Industry & Technology Co. Ltd. has filed an updated list of directors with the Hong Kong Stock Exchange. The board includes Executive Directors Yan Lingxi and Sun Jizhong, Non-executive Directors Xu Dongsheng, Zhou Xunwen, Hu Shiwei, and Gao Jiming, and Independent Non-executive Directors Liu Weiwu, Mao Fugen, and Lin Guiping. Committee roles are also detailed. This filing was published via the Issuer Information Service of HKEX on December 12, 2025.

AviChina Industry & Technology Files Director List with HKEX

On November 20th, AVICHINA (2357.HK) maintained a weak oscillation throughout the day, with continuous capital outflow after the opening, and no significant rebound during the session. The military industry sector showed lackluster performance. The MACD continued to show a death cross, and the K-line remained close to the lower boundary of the range for an extended period, with concerns in the secondary market continuing to rise. On the news front, there was a lack of industry favorable factors, and the enthusiasm for themes significantly cooled down, with capital flowing out of military themes at high levels, and institutional risk appetite clearly declining. The market generally believes that the sector lacks new growth logic, and incremental capital is on the sidelines. From a technical perspective, the stock price is in a multi-cycle downtrend, repeatedly testing lower support in the short term, with weak willingness to absorb selling pressure, making it difficult for weak rebounds to sustain. If there are no marginal favorable policies released for the military industry in the short term, local capital will struggle to form a concerted effort, making rebounds or corrective trends hard to appear. The current oscillating downward pattern is unlikely to reverse, with mainstream styles tending towards defense and emphasizing risk control. Future attention should be closely paid to policy developments and sudden announcements; only if there are significant movements in heavyweight leading stocks can a repair window be opened; otherwise, the risk of inertia in the market's downward trend should be guarded against. Overall, investment should primarily be cautious, waiting for structural confirmation

Technical Forecast

Morning Trend | AVICHINA falls towards previous lows, will the military industry concept change direction with increased volume?

AVICHINA closed yesterday at HKD 3.92, stabilizing at this level, while the military industry sector overall remains in a range-bound state, with trading activity falling into a lull. Currently, market volume has sharply contracted, and the defense theme lacks policy and industry catalysts, leading to unclear directions for mainstream capital allocation. Industry news is sparse, and there has been no substantial support from policies, resulting in a noticeable lack of short-term attractiveness. Funds continue to flow out of the sector, with large capital favoring growth themes. There are sporadic low buys in AVICHINA, but the main capital has yet to form a consensus, and there are no signs of a breakout in the short-term trend. On the technical side, the MACD death cross continues, and the moving average suppression effect persists, with intraday rebounds repeatedly facing resistance at the HKD 4.10 pressure level. The weak oscillation has made the market extremely sensitive to intraday capital changes, and a volume-less rebound is unlikely to reverse the structure, posing a risk of a pullback at any time. Investors should pay close attention to military orders dynamics, as public offerings and policy trends will be key variables for the next potential breakout. Trading activity in the bottom range is light, and market defensive sentiment is strong. Whether an effective breakout can be achieved depends more on external macro factors and policy catalysts; chasing high during volume-less fluctuations is inadvisable, and caution should be exercised against potential intraday false rebounds. It is recommended to flexibly adjust defensive strategies based on volume, orders, and announcements

Morning Trend | AVICHINA's low-level fluctuations remain unchanged, when will the breakthrough window arrive?

AviChina Industry & Technology Co. Ltd. will hold an extraordinary general meeting on December 12, 2025, in Beijing. Shareholders will vote on amendments to the Rules Governing Shareholders’ Meetings. The announcement was made on November 19, 2025.

AviChina Industry & Technology Co. Ltd. Announces Date for Extraordinary Shareholders' Meeting

MBAVICN@EC2607A(24311.HK)

Jonhon Affiliate of AviChina Sees 36.7% Drop in 2025 Net Profit

AviChina Acquires Equity Interests in AVIC Jierui

The Hang Seng Index opened flat, and the Hang Seng Tech Index rose by 0.38%

AVICHINA's subsidiary invests over 200 million RMB to acquire 59% stake in the airborne industry

AviChina Expands Airborne Business with Strategic Acquisition