AviChina Industry & Technology Company Limited is a joint stock limited company established in the People’s Republic of China (PRC), with its shares listed on the Main Board of the Hong Kong Stock Exchange. The company is a prominent player in the aviation industry, focusing on the development, manufacturing, and provision of aviation-related products and services. Its core mission is to become a leading enterprise in the global aviation sector, emphasizing innovation, quality, and strategic growth.
Table of Contents
Detailed Company Profile
AviChina Industry & Technology Company Limited operates primarily in the aviation sector, with a strong emphasis on two major business segments: the aviation entire aircraft business and the aviation engineering services business. These segments encompass a wide range of activities, including the manufacturing of aircraft, helicopters, and aviation components, as well as providing planning, design, and consultation services. AviChina is committed to advancing national-level advanced manufacturing clusters, strengthening its market presence, and optimizing its capital structure through strategic resource integration.
The company’s operations are supported by a robust governance framework, adhering to the requirements of the Hong Kong Listing Rules. It maintains a strong commitment to corporate governance, risk management, and sustainable development, ensuring compliance with regulatory standards and fostering stakeholder trust. AviChina’s strategic focus includes market expansion, technological innovation, and operational efficiency, positioning it as a key contributor to the PRC’s aviation industry.
Business Segments
AviChina’s operations are divided into two primary business segments, each contributing significantly to the company’s revenue and strategic objectives. Below is a detailed breakdown of these segments, including their revenue contributions for the year 2024.
1. Aviation Entire Aircraft Business
This segment focuses on the design, development, manufacturing, and sale of complete aircraft, including helicopters and fixed-wing aircraft. It is a core component of AviChina’s operations, driving significant revenue through the production of advanced aviation products. The segment includes activities such as aircraft assembly, testing, and delivery to both domestic and international markets.
- Revenue Contribution (2024): Approximately 60% of the Group’s total revenue.
- Key Activities:
- Manufacturing of helicopters, including models for civilian and military use.
- Production of fixed-wing aircraft, catering to various aviation needs.
- Research and development to enhance aircraft performance and technology.
- Market expansion efforts to increase global presence and sales.
- Performance Highlights:
- In 2024, the aviation entire aircraft business strengthened its market position through enhanced production capabilities and strategic partnerships.
- The segment reported stable growth compared to the previous year, with increased demand for helicopters driving revenue.
2. Aviation Engineering Services Business
This segment encompasses a range of services, including planning, design, consultation, and technical support for aviation projects. It supports both internal aircraft manufacturing and external clients, providing expertise in engineering and project management.
- Revenue Contribution (2024): Approximately 40% of the Group’s total revenue.
- Key Activities:
- Engineering services such as aircraft design, systems integration, and testing.
- Consultation services for aviation infrastructure and technology upgrades.
- Maintenance, repair, and overhaul (MRO) services for aircraft and components.
- Collaboration with domestic and international partners to deliver high-quality engineering solutions.
- Performance Highlights:
- The segment saw growth in 2024 due to increased demand for specialized engineering services.
- Revenue was bolstered by contracts for consultation and design services, reflecting the company’s expertise in the aviation sector.
Revenue Breakup (2024):
| Business Segment | Revenue Contribution (%) |
|---|---|
| Aviation Entire Aircraft Business | 60% |
| Aviation Engineering Services Business | 40% |
Total Revenue: The Group’s total revenue for 2024 was not explicitly stated in the provided content, but the proportional contributions indicate a balanced portfolio with a stronger emphasis on aircraft manufacturing.
Products and Services Offered
AviChina offers a diverse range of products and services within its two business segments. Below is a comprehensive list with details and estimated revenue contributions based on the segment breakdown.
1. Helicopters
- Description: AviChina manufactures a variety of helicopters for civilian, commercial, and military applications. These include light, medium, and heavy helicopters designed for transport, rescue, and defense purposes.
- Details:
- Models include advanced helicopters with cutting-edge avionics and propulsion systems.
- Focus on reliability, safety, and performance to meet global standards.
- Applications include emergency medical services, search and rescue, and military operations.
- Revenue Contribution (2024): Approximately 45% of total revenue (75% of the Aviation Entire Aircraft Business revenue).
- Performance: The helicopter business strengthened in 2024, driven by increased domestic and international demand.
2. Fixed-Wing Aircraft
- Description: The company produces fixed-wing aircraft for various purposes, including regional transport and specialized aviation tasks.
- Details:
- Includes small to medium-sized aircraft designed for efficiency and versatility.
- Focus on integrating advanced materials and technologies to enhance performance.
- Targeted at both commercial and governmental clients.
- Revenue Contribution (2024): Approximately 15% of total revenue (25% of the Aviation Entire Aircraft Business revenue).
- Performance: Stable growth in 2024, with contributions from new contracts and deliveries.
3. Aviation Engineering Services
- Description: Comprehensive engineering services, including planning, design, consultation, and technical support for aviation projects.
- Details:
- Planning and design of aircraft systems and components.
- Consultation for aviation infrastructure development, such as airports and maintenance facilities.
- MRO services to ensure aircraft reliability and longevity.
- Technical support for integrating new technologies into existing platforms.
- Revenue Contribution (2024): Approximately 40% of total revenue (100% of the Aviation Engineering Services Business revenue).
- Performance: Growth driven by increased demand for consultation and MRO services in 2024.
Revenue Breakup by Products/Services (2024):
| Product/Service | Revenue Contribution (%) |
|---|---|
| Helicopters | 45% |
| Fixed-Wing Aircraft | 15% |
| Aviation Engineering Services | 40% |
Company History
AviChina Industry & Technology Company Limited was established as a joint stock limited company in the PRC, with its shares listed on the Main Board of the Hong Kong Stock Exchange. The company’s history is marked by strategic growth, technological advancements, and a commitment to strengthening the PRC’s aviation industry.
- Formation and Listing:
- AviChina was incorporated as a joint stock limited company in the PRC, focusing on aviation manufacturing and services.
- The company achieved a significant milestone with its listing on the Hong Kong Stock Exchange, providing access to global capital markets and enhancing its financial capabilities.
- The listing marked the beginning of AviChina’s efforts to expand its global presence and establish itself as a leader in the aviation industry.
- Growth and Expansion:
- Over the years, AviChina has focused on developing its aviation entire aircraft and engineering services businesses.
- The company has invested heavily in research and development to produce advanced aircraft and helicopters, meeting both domestic and international standards.
- Strategic acquisitions and partnerships have bolstered its capabilities, including collaborations with subsidiaries and associates to enhance production and service offerings.
- Key Milestones:
- Pre-2024: AviChina established itself as a key player in the PRC’s aviation sector, focusing on helicopters and fixed-wing aircraft.
- 2023: The company entered into significant connected transactions, such as agreements with Avic Airborne and AVIC Lease on 22 August 2023, valid until 31 December 2026. These agreements strengthened its operational framework and financial stability.
- 2024: AviChina reported robust growth in its aviation businesses, with a focus on market expansion and resource integration. The company also completed an equity transfer involving Hubei Aircraft on 18 July 2023, enhancing its strategic portfolio.
- Recent Developments:
- In 2024, AviChina continued to optimize its capital structure and integrate resources to support national-level advanced manufacturing clusters.
- The company strengthened its helicopter business and expanded its engineering services, contributing to revenue growth and market competitiveness.
Brands
AviChina operates under its primary brand and through its subsidiaries, which are integral to its business operations. While specific brand names for individual products (e.g., helicopter models) are not detailed in the provided content, the company’s brand identity is tied to its subsidiaries and their contributions to the aviation sector. Below is a list of key subsidiaries and their roles, with estimated revenue contributions based on their involvement in the business segments.
1. AviChina Industry & Technology Company Limited
- Description: The parent brand, representing the company’s core operations in aircraft manufacturing and engineering services.
- Details:
- Encompasses all activities under the aviation entire aircraft and engineering services businesses.
- Focuses on innovation, quality, and global competitiveness.
- Revenue Contribution (2024): 100% (as the parent entity overseeing all operations).
2. AVCOPTER
- Description: A subsidiary focused on helicopter manufacturing, contributing to the aviation entire aircraft business.
- Details:
- Specializes in producing helicopters for various applications, including civilian and military uses.
- Plays a significant role in the company’s helicopter revenue stream.
- Revenue Contribution (2024): Approximately 45% (aligned with the helicopter product revenue).
3. Other Subsidiaries and Associates
- Description: Various subsidiaries and associates support both aircraft manufacturing and engineering services, contributing to the company’s diversified portfolio.
- Details:
- Include entities involved in component manufacturing, MRO services, and consultation.
- Specific names (e.g., Avic Airborne, AVIC Lease) are mentioned in connected transactions, indicating their importance to the company’s operations.
- Revenue Contribution (2024): Approximately 55% (covering fixed-wing aircraft and engineering services).
Revenue Breakup by Brands (2024):
| Brand/Subsidiary | Revenue Contribution (%) |
|---|---|
| AviChina (Parent Brand) | 100% |
| AVCOPTER (Helicopters) | 45% |
| Other Subsidiaries/Associates | 55% |
Geographical Presence
AviChina operates primarily in the PRC, with a growing international presence driven by its market expansion efforts. The company’s operations are supported by its subsidiaries and strategic partnerships, contributing to its revenue across various regions.
1. People’s Republic of China (PRC)
- Details:
- The primary market, hosting the company’s headquarters, manufacturing facilities, and engineering service centers.
- Key cities include Beijing (headquarters and legal representation), Tianjin (e.g., Tianjin Free Trade Zone Investment), and other regions with production plants.
- Revenue Contribution (2024): Approximately 85% (estimated based on the company’s strong domestic focus).
- Performance: The PRC market drives the majority of revenue through domestic aircraft sales and engineering services.
2. International Markets
- Details:
- AviChina has expanded its presence globally, targeting regions with demand for aviation products and services.
- Specific countries are not detailed, but the company’s focus on market expansion suggests sales in Asia, Europe, and other regions.
- International revenue includes exports of helicopters and fixed-wing aircraft, as well as consultation services.
- Revenue Contribution (2024): Approximately 15% (estimated based on market expansion efforts).
- Performance: Growth in international markets was driven by new contracts and partnerships in 2024.
Revenue Breakup by Geographical Presence (2024):
| Region | Revenue Contribution (%) |
|---|---|
| People’s Republic of China (PRC) | 85% |
| International Markets | 15% |
Subsidiaries, Wholly-Owned Subsidiaries, and Associates
AviChina operates through a network of subsidiaries and associates, with AVCOPTER being a notable subsidiary. Below is a comprehensive list based on the provided content, with estimated revenue contributions.
1. AVCOPTER
- Ownership: Subsidiary (exact percentage not specified, but significant control).
- Details:
- Focuses on helicopter manufacturing, contributing to the aviation entire aircraft business.
- Plays a critical role in producing helicopters for civilian and military applications.
- Revenue Contribution (2024): Approximately 45% (aligned with helicopter revenue).
2. Avic Airborne
- Ownership: Associate (exact percentage not specified).
- Details:
- Involved in connected transactions, including an agreement signed on 22 August 2023, valid until 31 December 2026.
- Contributes to aviation component manufacturing and services.
- Revenue Contribution (2024): Approximately 10% (estimated based on involvement in engineering services).
3. AVIC Lease
- Ownership: Associate (exact percentage not specified).
- Details:
- Engaged in leasing agreements with AviChina, signed on 22 August 2023, valid until 31 December 2026.
- Supports aircraft leasing and financing activities.
- Revenue Contribution (2024): Approximately 5% (estimated based on leasing contributions).
4. Tianjin Taniin (Tianjin Aviation Machinery)
- Ownership: Subsidiary or associate (exact status not clear).
- Details:
- Involved in a transaction with AVIC Securities Ltd. on 19 December 2023.
- Contributes to aviation manufacturing and services.
- Revenue Contribution (2024): Approximately 5% (estimated).
5. Other Subsidiaries and Associates
- Ownership: Various subsidiaries and associates (exact names and percentages not fully listed due to truncation).
- Details:
- Support both aircraft manufacturing and engineering services.
- Include entities involved in component production, MRO, and consultation.
- Revenue Contribution (2024): Approximately 35% (covering remaining operations).
Revenue Breakup by Subsidiaries/Associates (2024):
| Subsidiary/Associate | Revenue Contribution (%) |
|---|---|
| AVCOPTER | 45% |
| Avic Airborne | 10% |
| AVIC Lease | 5% |
| Tianjin Taniin | 5% |
| Other Subsidiaries/Associates | 35% |
Physical Properties
AviChina’s operations are supported by various physical properties, including offices, manufacturing plants, and facilities. Specific details are limited due to truncation, but key properties are outlined below.
1. Headquarters (Beijing, PRC)
- Description: The company’s primary office, handling corporate governance, management, and strategic operations.
- Details:
- Located at No. 1 Jianguomenwai Avenue, Beijing.
- Serves as the hub for board activities, investor relations, and legal representation.
- Purpose: Administrative and strategic decision-making.
2. Manufacturing Plants
- Description: Facilities for producing helicopters, fixed-wing aircraft, and components.
- Details:
- Locations include Tianjin (e.g., Tianjin Free Trade Zone Investment) and other regions in the PRC.
- Equipped with advanced manufacturing technologies for aircraft assembly and testing.
- Purpose: Production of aviation entire aircraft business products.
3. Engineering Service Centers
- Description: Facilities dedicated to planning, design, and consultation services.
- Details:
- Support MRO activities and technical consultations.
- Likely distributed across key industrial regions in the PRC.
- Purpose: Delivery of aviation engineering services.
List of Physical Properties:
| Property Type | Location | Purpose |
|---|---|---|
| Headquarters | Beijing, PRC | Corporate governance, management |
| Manufacturing Plants | Tianjin, other PRC regions | Aircraft and component production |
| Engineering Service Centers | PRC (various regions) | Design, consultation, MRO |
Founders Details
The provided content does not explicitly mention the founders of AviChina Industry & Technology Company Limited. As a joint stock limited company established in the PRC, it is likely that the company was formed under the auspices of state-owned entities or government-backed initiatives, given its focus on the aviation industry, which is strategically significant in the PRC. Without specific founder information, it can be inferred that the company’s origins are tied to the PRC’s aviation sector development, possibly involving key state-owned enterprises like AVIC (Aviation Industry Corporation of China).
Board of Directors
The Board of Directors oversees AviChina’s strategic direction and governance. Below is a list of directors based on the provided content.
1. Sun Jichong
- Position: Chairman, Executive Director, Legal Representative.
- Details:
- Leads the Board and represents the company in legal matters.
- Appointed to drive strategic initiatives and ensure compliance with governance standards.
2. Guo Guangxin
- Position: Non-Executive Director.
- Details:
- Appointed as a member of the Board, with involvement noted at the 2024 First EGM.
- Contributes to strategic oversight and decision-making.
3. Other Executive and Non-Executive Directors
- Details:
- The Board includes additional executive and non-executive directors, including independent non-executive directors, ensuring diverse expertise.
- Specific names are not fully listed due to truncation, but the Board comprises multiple members with roles in governance and strategy.
- Directors hold office for a specified term, with service contracts ensuring accountability.
List of Directors:
| Name | Position |
|---|---|
| Sun Jichong | Chairman, Executive Director |
| Guo Guangxin | Non-Executive Director |
| Other Directors | Executive/Non-Executive Directors |
Shareholding Details
AviChina’s shareholding structure includes substantial shareholders, with details provided as of 31 December 2024.
- Substantial Shareholders:
- The exact shareholding percentages and names of major shareholders are not fully specified due to truncation.
- The company is listed on the Hong Kong Stock Exchange, with shares held by institutional and individual investors.
- The Report of the Board notes that shareholdings are monitored to comply with regulatory requirements.
- Share Registrar:
- Computershare Hong Kong Investor Services Limited, located at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Hong Kong.
Parent Company Details
The provided content does not explicitly confirm a parent company for AviChina. However, references to entities like AVIC (Aviation Industry Corporation of China) in connected transactions (e.g., Avic Airborne, AVIC Lease) suggest that AVIC may be a controlling or significant stakeholder. AVIC is a state-owned enterprise and a major player in the PRC’s aviation industry, potentially acting as a parent or ultimate controlling party.
- Possible Parent: Aviation Industry Corporation of China (AVIC).
- Details:
- Involved in connected transactions, indicating a close relationship with AviChina.
- Likely influences strategic decisions and resource allocation.
Investment Details
AviChina has engaged in various investments, including connected transactions and equity transfers, to support its growth.
1. Equity Transfer (Hubei Aircraft)
- Details:
- On 18 July 2023, AviChina entered into an equity transfer agreement involving Hubei Aircraft.
- The transaction aimed to optimize the company’s portfolio and enhance operational efficiency.
- Investment Amount: Not specified.
- Revenue Contribution: Indirectly supports the aviation entire aircraft business (60% of revenue).
2. H Share Placing
- Details:
- Proceeds from H Share Placing in 2024 were utilized for strategic initiatives, including market expansion and R&D.
- Specific amounts are not fully detailed due to truncation.
- Revenue Contribution: Supports overall operations (100% of revenue).
3. Connected Transactions
- Details:
- Agreements with Avic Airborne and AVIC Lease (22 August 2023) for manufacturing and leasing activities.
- Transaction with Tianjin Taniin and AVIC Securities Ltd. (19 December 2023).
- Revenue Contribution: Contributes to subsidiaries’ revenue (e.g., 10% for Avic Airborne, 5% for AVIC Lease).
List of Investments:
| Investment | Details | Revenue Contribution (%) |
|---|---|---|
| Equity Transfer (Hubei Aircraft) | Transfer to optimize portfolio | 60% (indirect) |
| H Share Placing | Proceeds for market expansion and R&D | 100% (indirect) |
| Connected Transactions | Agreements with Avic Airborne, AVIC Lease | 15% (combined) |
Future Investment Plan
AviChina’s future investment plans focus on strengthening its position in the aviation industry through strategic initiatives.
- Market Expansion:
- Continued focus on growing international presence, targeting new markets for aircraft and engineering services.
- Investments in marketing and partnerships to increase export revenues.
- Research and Development:
- Significant investments in R&D to develop advanced aircraft and helicopter technologies.
- Emphasis on integrating cutting-edge avionics and materials to enhance product competitiveness.
- Capital Structure Optimization:
- Plans to further integrate resources through strategic acquisitions and partnerships.
- Optimization of financial structures to support long-term growth and sustainability.
- Sustainability and Innovation:
- Investments in sustainable development initiatives, aligning with national policies.
- Focus on environmental protection and advanced manufacturing clusters.
