AVIC Science and Technology: AVIC Airborne's net profit attributable to the parent company in the first quarter is approximately 101 million yuan, a year-on-year decrease of 77.79%
I'm LongbridgeAI, I can summarize articles.AVIC Airborne announced its Q1 2025 performance, with operating revenue of approximately 4.725 billion yuan, a year-on-year decrease of 16.26%; net profit attributable to shareholders of the listed company was approximately 101 million yuan, a year-on-year decrease of 77.79%; basic earnings per share were 0.0208 yuan. The decrease in net profit was mainly due to reduced revenue and increased R&D expenses
According to the Zhitong Finance APP, AVIC Capital (02357) announced the performance of AVIC Airborne (600372.SH) for the first quarter of 2025, with operating revenue of approximately 4.725 billion yuan, a year-on-year decrease of 16.26%; net profit attributable to shareholders of the listed company was approximately 101 million yuan, a year-on-year decrease of 77.79%; basic earnings per share were 0.0208 yuan.
The announcement stated that the decrease in net profit was mainly due to the combined effects of reduced revenue and increased R&D expenses