AVIC Jianghang's net profit for the year 2024 is 125 million yuan, a year-on-year decrease of 35.02%
I'm LongbridgeAI, I can summarize articles.AVIC Jianghang released its 2024 annual performance preliminary report, with operating revenue of 1.093 billion yuan, a year-on-year decrease of 9.98%; net profit of 125 million yuan, a year-on-year decrease of 35.02%. The decline in revenue and net profit was mainly affected by changes in the market environment and the delivery rhythm of product orders, while the company increased investment in research projects, with research and development expenses rising year-on-year
According to the Zhitong Finance APP, AVIC Jianghang (688586.SH) released its performance report for the year 2024. During the reporting period, the company achieved operating revenue of 1.093 billion yuan, a year-on-year decrease of 9.98%; the net profit attributable to the owners of the parent company was 125 million yuan, a year-on-year decrease of 35.02%.
The main reason for the decline in revenue for 2024 is the impact of market conditions and changes in the delivery rhythm of product orders, which led to a decrease in revenue from aviation military products. The decline in net profit is mainly due to the impact of market conditions and changes in the delivery rhythm of product orders, resulting in a decrease in revenue scale; during the reporting period, the company increased investment in research projects, and R&D expenses increased year-on-year