AVIC AVIATION HIGH-TECHNOLOGY C

AVIC AVIATION HIGH-TECHNOLOGY C — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006
+Revenue	5.0B	5.1B	4.8B	4.4B	3.8B	2.9B	2.5B	2.7B	3.0B	2.9B	2.0B	1.0B	1.0B	1.4B	1.3B	1.3B	677.0M	403.0M	455.0M	353.0M
Revenue Growth %	-1.3%	6.1%	7.5%	16.8%	30.8%	17.8%	-6.8%	-12.8%	4.5%	46.5%	89.5%	2.6%	-26.8%	4.9%	3.5%	90.1%	68.0%	-11.4%	28.9%	--
Total Revenue	5.0B	5.1B	4.8B	4.4B	3.8B	2.9B	2.5B	2.7B	3.0B	2.9B	2.0B	1.0B	1.0B	1.4B	1.3B	1.3B	677.0M	403.0M	455.0M	353.0M
Cost Of Revenue	3.1B	3.1B	3.0B	3.1B	2.7B	2.0B	1.7B	1.7B	2.3B	2.4B	1.5B	811.0M	754.0M	1.0B	953.0M	984.0M	556.0M	340.0M	359.0M	283.0M
+Gross Profit	1.9B	2.0B	1.8B	1.4B	1.1B	875.0M	811.0M	949.0M	773.0M	555.0M	479.0M	238.0M	268.0M	382.0M	379.0M	303.0M	121.0M	63.0M	96.0M	70.0M
Gross Margin %	37.6%	38.8%	36.8%	30.9%	30.1%	30.0%	32.8%	35.8%	25.4%	19.1%	24.1%	22.7%	26.2%	27.3%	28.5%	23.5%	17.9%	15.6%	21.1%	19.8%
Total Operating Cost	3.8B	3.8B	3.6B	3.6B	3.2B	2.5B	2.1B	2.2B	3.0B	2.9B	1.8B	948.0M	1.1B	1.3B	1.2B	1.2B	688.0M	467.0M	388.0M	498.0M
Selling Expenses	22.1M	27.8M	31.8M	28.0M	34.4M	36.4M	58.1M	63.5M	48.2M	50.2M	34.2M	14.6M	66.4M	58.2M	76.7M	79.3M	38.6M	46.5M	36.6M	29.5M
Admin Expenses	390.0M	372.0M	355.0M	284.0M	255.0M	271.0M	278.0M	252.0M	358.0M	319.0M	152.0M	96.9M	104.0M	84.0M	77.0M	72.6M	59.7M	58.4M	48.4M	90.1M
Rd Expenses	212.0M	198.0M	176.0M	163.0M	151.0M	90.6M	97.7M	62.7M	54.4M	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	-14.5M	-17.6M	-28.2M	-23.8M	-14.8M	-5.9M	219,400	277,000	6.8M	2.2M	10.5M	10.2M	45.6M	33.5M	10.6M	10.3M	2.6M	3.5M	2.7M	35.9M
+Operating Income	1.2B	1.4B	1.2B	891.0M	705.0M	510.0M	664.0M	478.0M	141.0M	53.1M	171.0M	102.0M	-42.7M	98.7M	109.0M	53.9M	-6.7M	-47.7M	95.0M	-144.0M
Operating Margin %	24.2%	26.8%	25.4%	20.0%	18.5%	17.5%	26.8%	18.0%	4.6%	1.8%	8.6%	9.7%	-4.2%	7.1%	8.2%	4.2%	-1.0%	-11.8%	20.9%	-40.8%
Non Operating Income	5.1M	881,900	2.1M	3.3M	2.8M	8.5M	4.9M	6.3M	28.2M	60.5M	11.1M	34.2M	96.6M	19.4M	73.0M	107.0M	254.0M	120.0M	73.5M	6.4M
Non Operating Expenses	3.1M	447,200	1.1M	670,600	2.2M	2.3M	1.9M	3.3M	8.0M	3.8M	309,000	2.4M	3.7M	1.8M	3.9M	5.6M	7.6M	9.3M	2.0M	23.5M
Investment Income	-15.0M	-7.0M	23.6M	5.1M	10.6M	7.5M	249.0M	15.5M	23.8M	46.2M	-1.3M	703,200	6.4M	12.6M	9.4M	3.3M	4.8M	19.5M	26.4M	413,100
Fair Value Change Income	--	--	--	--	--	--	--	--	300.00	65.00	--	--	--	--	--	--	--	-3.9M	1.6M	633,000
Asset Disposal Income	4.6M	14.7M	248,900	3.1M	1.6M	-14,900	123,000	225,700	--	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	20.1M	9.4M	6.1M	2.0M	4.4M	377,500	10.5M	52.2M	134.0M	64.7M	63.6M	11.4M	20.9M	19.7M	18.1M	16.4M	4.3M	16.5M	-60.9M	57.2M
Other Income	32.4M	30.6M	13.1M	13.6M	39.1M	63.2M	43.6M	37.8M	36.6M	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	1.2B	1.4B	1.2B	894.0M	706.0M	516.0M	667.0M	481.0M	161.0M	110.0M	182.0M	133.0M	50.2M	116.0M	178.0M	155.0M	240.0M	62.8M	166.0M	-161.0M
Income Tax	179.0M	188.0M	175.0M	127.0M	114.0M	86.6M	103.0M	120.0M	77.3M	41.7M	38.9M	18.9M	46.2M	41.8M	62.0M	46.2M	36.9M	16.5M	39.7M	-10.2M
+Net Income	1.0B	1.2B	1.0B	767.0M	591.0M	430.0M	564.0M	361.0M	83.7M	68.1M	143.0M	114.0M	4.0M	74.6M	116.0M	109.0M	203.0M	46.3M	127.0M	-151.0M
Net Margin %	20.6%	23.0%	21.7%	17.3%	15.5%	14.8%	22.8%	13.6%	2.8%	2.3%	7.2%	10.9%	0.4%	5.3%	8.7%	8.5%	30.0%	11.5%	27.9%	-42.8%
Net Income Attributable	1.0B	1.2B	1.0B	765.0M	591.0M	431.0M	552.0M	304.0M	83.6M	73.4M	145.0M	115.0M	2.8M	40.1M	122.0M	110.0M	202.0M	48.3M	126.0M	-114.0M
Minority Interest	2.3M	16.8M	6.2M	2.1M	-131,300	-1.0M	12.9M	57.1M	149,100	-5.3M	-1.7M	-66,800	1.2M	34.4M	-6.2M	-1.7M	764,200	-2.0M	594,400	-37.3M
Eps Basic	0.74	0.83	0.74	0.55	0.42	0.31	0.40	0.22	0.06	0.05	0.23	0.20	0.00	0.06	0.19	0.19	0.85	0.20	0.53	-0.48
Eps Diluted	0.74	0.83	0.74	0.55	0.42	0.31	0.40	0.22	0.06	0.05	0.23	0.20	0.00	0.06	0.19	0.19	0.85	0.20	0.53	-0.48

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006
Cash And Equivalents	2.0B	1.6B	1.6B	1.6B	1.6B	1.7B	1.9B	922.0M	1.4B	1.5B	1.8B	322.0M	730.0M	371.0M	813.0M	1.0B	115.0M	159.0M	208.0M	77.9M
Trading Financial Assets	--	--	--	--	--	--	--	--	--	15,400	--	--	--	--	--	95,800	69,300	--	12.1M	3.4M
Accounts Receivable	2.5B	2.2B	2.2B	1.7B	1.4B	792.0M	647.0M	901.0M	842.0M	1.0B	1.3B	796.0M	150.0M	140.0M	119.0M	121.0M	90.9M	85.0M	100.0M	262.0M
Notes Receivable	1.4B	1.5B	1.2B	610.0M	267.0M	346.0M	18.5M	241.0M	257.0M	540.0M	214.0M	131.0M	19.5M	23.1M	89.9M	62.5M	18.8M	12.2M	5.0M	2.6M
Notes And Accounts Receivable	3.8B	3.7B	3.4B	2.3B	1.7B	1.1B	666.0M	1.1B	1.1B	1.6B	1.5B	926.0M	169.0M	163.0M	209.0M	184.0M	110.0M	97.2M	105.0M	264.0M
Prepayments	28.4M	20.2M	16.8M	111.0M	131.0M	99.0M	59.6M	115.0M	167.0M	277.0M	148.0M	83.9M	198.0M	296.0M	152.0M	96.7M	39.0M	29.4M	18.8M	56.8M
Inventory	1.3B	1.3B	1.2B	1.3B	1.4B	1.5B	1.5B	2.9B	1.9B	2.4B	3.0B	314.0M	3.0B	2.4B	1.7B	1.5B	1.5B	631.0M	314.0M	205.0M
Total Current Assets	7.4B	6.8B	6.3B	5.3B	4.8B	4.4B	4.3B	5.2B	4.6B	6.1B	7.3B	1.7B	4.4B	3.3B	3.0B	2.9B	1.9B	968.0M	684.0M	672.0M
Long Term Equity Investment	425.0M	327.0M	119.0M	110.0M	101.0M	108.0M	111.0M	151.0M	141.0M	87.4M	119.0M	6.1M	58.5M	69.0M	99.9M	66.7M	49.1M	89.9M	92.4M	85.9M
Fixed Assets	1.2B	1.2B	1.1B	1.1B	1.2B	1.1B	1.2B	1.0B	1.1B	1.2B	1.1B	383.0M	517.0M	442.0M	421.0M	394.0M	415.0M	110.0M	110.0M	153.0M
Fixed Assets Total	1.2B	1.2B	1.1B	1.1B	1.2B	1.1B	1.2B	1.0B	1.1B	1.2B	1.1B	383.0M	517.0M	442.0M	421.0M	394.0M	415.0M	126.0M	117.0M	153.0M
Construction In Progress	164.0M	106.0M	273.0M	151.0M	114.0M	125.0M	57.9M	214.0M	135.0M	34.0M	84.3M	304.0M	732.0M	305.0M	117.0M	14.9M	10.1M	169.0M	7.7M	--
Construction In Progress Total	164.0M	106.0M	273.0M	151.0M	114.0M	125.0M	57.9M	214.0M	135.0M	34.0M	84.3M	304.0M	732.0M	305.0M	117.0M	14.9M	10.1M	169.0M	7.7M	--
Intangible Assets	444.0M	448.0M	468.0M	473.0M	473.0M	467.0M	462.0M	460.0M	475.0M	487.0M	521.0M	386.0M	221.0M	248.0M	250.0M	165.0M	145.0M	163.0M	121.0M	38.9M
Long Term Deferred Expenses	46.5M	17.3M	22.1M	27.3M	27.5M	30.3M	30.3M	33.6M	24.1M	6.3M	5.1M	--	11.7M	13.8M	8.0M	11.3M	4.6M	5.2M	8.8M	4.2M
Total Non Current Assets	2.7B	2.6B	2.4B	2.3B	2.1B	2.1B	2.2B	2.5B	2.5B	2.5B	2.4B	1.3B	1.7B	1.2B	994.0M	721.0M	659.0M	588.0M	393.0M	366.0M
Total Assets	10.1B	9.4B	8.6B	7.6B	6.9B	6.5B	6.5B	7.7B	7.1B	8.5B	9.7B	3.0B	6.1B	4.5B	4.0B	3.7B	2.6B	1.6B	1.1B	1.0B
Short Term Borrowings	--	--	--	--	100.0M	140.0M	230.0M	335.0M	--	--	576.0M	--	460.0M	527.0M	550.0M	208.0M	196.0M	50.0M	93.0M	358.0M
Accounts Payable	969.0M	885.0M	1.0B	811.0M	697.0M	1.0B	1.3B	1.6B	1.8B	2.0B	2.6B	796.0M	918.0M	609.0M	474.0M	354.0M	237.0M	160.0M	104.0M	127.0M
Advance Receipts	44.6M	45.5M	46.2M	46.9M	47.7M	48.4M	78.1M	636.0M	691.0M	677.0M	767.0M	9.4M	1.2B	808.0M	763.0M	691.0M	715.0M	299.0M	35.2M	56.3M
Contract Liabilities	112.0M	167.0M	55.5M	435.0M	696.0M	110.0M	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	1.7B	1.6B	1.9B	1.7B	1.9B	1.9B	1.8B	3.3B	3.1B	4.4B	5.4B	1.0B	3.4B	2.8B	2.2B	2.0B	1.8B	1.2B	869.0M	953.0M
Long Term Borrowings	--	--	--	--	--	20.0M	260.0M	250.0M	60.0M	271.0M	490.0M	390.0M	1.3B	253.0M	434.0M	424.0M	175.0M	125.0M	--	--
Total Non Current Liabilities	296.0M	326.0M	280.0M	298.0M	149.0M	243.0M	505.0M	557.0M	483.0M	699.0M	863.0M	673.0M	1.4B	356.0M	558.0M	531.0M	285.0M	145.0M	7.8M	11.1M
Total Liabilities	2.0B	1.9B	2.2B	2.0B	2.0B	2.1B	2.4B	3.9B	3.6B	5.1B	6.3B	1.7B	4.7B	3.2B	2.7B	2.5B	2.1B	1.3B	877.0M	964.0M
Paid In Capital	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	794.0M	638.0M	638.0M	319.0M	319.0M	238.0M	238.0M	238.0M	238.0M
Capital Reserve	1.5B	1.5B	1.5B	1.5B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	276.0M	251.0M	252.0M	578.0M	572.0M	53.2M	52.1M	50.6M	50.6M
Surplus Reserve	1.5B	1.5B	1.5B	1.1B	735.0M	460.0M	261.0M	142.0M	55.1M	33.5M	19.1M	15.4M	38.1M	37.1M	36.2M	27.8M	25.4M	10.2M	8.6M	8.6M
Retained Earnings	3.1B	2.4B	1.6B	1.2B	960.0M	825.0M	816.0M	537.0M	320.0M	258.0M	199.0M	152.0M	377.0M	391.0M	352.0M	238.0M	129.0M	-57.6M	-113.0M	-240.0M
Minority Equity	419.0M	421.0M	210.0M	203.0M	39.2M	22.9M	7.0M	35.1M	25.9M	48.5M	53.8M	2.6M	37.2M	35.9M	1.5M	7.6M	13.4M	8.7M	16.2M	15.5M
Equity Attributable	7.7B	7.1B	6.2B	5.4B	4.8B	4.4B	4.2B	3.8B	3.5B	3.4B	3.3B	1.2B	1.3B	1.3B	1.3B	1.2B	446.0M	243.0M	184.0M	57.9M
Total Equity	8.1B	7.5B	6.4B	5.6B	4.9B	4.4B	4.2B	3.8B	3.5B	3.4B	3.4B	1.2B	1.3B	1.4B	1.3B	1.2B	460.0M	252.0M	201.0M	73.4M

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006
Cash From Sales	3.5B	3.0B	2.6B	2.3B	3.2B	2.0B	3.2B	2.1B	2.6B	3.4B	1.3B	372.0M	1.2B	1.3B	1.2B	848.0M	905.0M	542.0M	337.0M	293.0M
Tax Refunds Received	8.2M	10.7M	104.0M	62.4M	4.4M	11.1M	44.2M	41.7M	67,200	19.8M	--	--	--	24,300	60,000	100.0M	43.3M	18.2M	11.3M	4.4M
Total Operating Cash Inflow	3.7B	3.1B	2.8B	2.6B	3.3B	2.3B	3.6B	2.4B	3.5B	4.6B	1.4B	470.0M	1.3B	1.3B	1.4B	984.0M	1.2B	605.0M	417.0M	400.0M
Cash Paid For Goods	1.3B	1.4B	1.3B	1.2B	2.1B	1.5B	1.7B	2.3B	1.9B	1.8B	526.0M	326.0M	884.0M	1.2B	808.0M	358.0M	1.2B	404.0M	294.0M	157.0M
Cash Paid To Employees	379.0M	363.0M	354.0M	365.0M	325.0M	269.0M	317.0M	278.0M	280.0M	268.0M	137.0M	98.2M	130.0M	115.0M	131.0M	98.8M	82.2M	99.6M	85.7M	84.8M
Taxes Paid	428.0M	502.0M	440.0M	344.0M	278.0M	153.0M	343.0M	180.0M	262.0M	374.0M	52.4M	48.5M	219.0M	143.0M	157.0M	84.2M	111.0M	46.5M	27.3M	23.5M
Total Operating Cash Outflow	2.5B	2.6B	2.3B	2.2B	2.9B	2.1B	2.6B	3.1B	3.4B	3.7B	951.0M	519.0M	1.5B	1.6B	1.2B	754.0M	1.5B	627.0M	485.0M	319.0M
Operating Cash Flow	1.2B	496.0M	425.0M	420.0M	382.0M	156.0M	947.0M	-688.0M	155.0M	830.0M	496.0M	-48.9M	-150.0M	-240.0M	164.0M	230.0M	-315.0M	-22.1M	-68.5M	81.5M
Total Investing Cash Inflow	29.4M	678.0M	137.0M	692.0M	614.0M	16.2M	157.0M	81.3M	551.0M	2.3B	1.6B	--	152.0M	48.5M	36.2M	44.0M	31.6M	73.8M	184.0M	918,000
Total Investing Cash Outflow	368.0M	377.0M	565.0M	548.0M	550.0M	1.0B	176.0M	221.0M	599.0M	2.1B	1.2B	374.0M	248.0M	294.0M	346.0M	183.0M	180.0M	177.0M	116.0M	23.5M
Investing Cash Flow	-338.0M	300.0M	-428.0M	144.0M	64.2M	-998.0M	-18.8M	-140.0M	-48.4M	171.0M	381.0M	-374.0M	-95.9M	-246.0M	-310.0M	-139.0M	-148.0M	-103.0M	67.8M	-22.6M
Cash From Borrowings	--	3.0M	6.0M	100.0M	100.0M	140.0M	840.0M	525.0M	100.0M	220.0M	--	150.0M	1.8B	757.0M	809.0M	652.0M	296.0M	177.0M	50.0M	116.0M
Dividends And Interest Paid	385.0M	313.0M	230.0M	182.0M	143.0M	240.0M	242.0M	59.3M	45.5M	34.2M	32.2M	34.6M	144.0M	83.1M	73.8M	36.8M	9.4M	4.6M	3.6M	6.7M
Debt Repayments	--	3.0M	6.0M	220.0M	360.0M	250.0M	535.0M	30.0M	281.0M	1.3B	220.0M	320.0M	925.0M	816.0M	532.0M	316.0M	100.0M	95.0M	262.0M	131.0M
Total Financing Cash Inflow	--	231.0M	32.7M	271.0M	117.0M	157.0M	840.0M	535.0M	164.0M	412.0M	841.0M	914.0M	1.8B	1.1B	848.0M	1.3B	529.0M	177.0M	396.0M	116.0M
Total Financing Cash Outflow	526.0M	350.0M	266.0M	429.0M	519.0M	490.0M	777.0M	89.3M	366.0M	1.5B	604.0M	356.0M	1.3B	1.0B	991.0M	453.0M	110.0M	99.7M	265.0M	138.0M
Financing Cash Flow	-526.0M	-119.0M	-233.0M	-158.0M	-402.0M	-333.0M	62.8M	446.0M	-203.0M	-1.0B	237.0M	558.0M	506.0M	59.9M	-143.0M	800.0M	420.0M	77.3M	131.0M	-21.2M
Net Change In Cash	331.0M	678.0M	-236.0M	405.0M	43.9M	-1.2B	991.0M	-383.0M	-95.7M	-40.5M	1.1B	136.0M	261.0M	-426.0M	-289.0M	891.0M	-43.9M	-48.4M	130.0M	37.2M
Ending Cash Balance	2.0B	1.6B	946.0M	1.2B	777.0M	733.0M	1.9B	917.0M	1.3B	1.4B	1.4B	322.0M	553.0M	292.0M	718.0M	1.0B	115.0M	159.0M	208.0M	77.9M
Capex	248.0M	156.0M	230.0M	248.0M	111.0M	91.4M	176.0M	185.0M	226.0M	180.0M	85.1M	374.0M	210.0M	293.0M	318.0M	158.0M	147.0M	173.0M	103.0M	21.5M