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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  AviChina Industry & Technology Company Limited    2357   CNE1000001Y8

AVICHINA INDUSTRY & TECHNOLOGY COMPANY LIMITED

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AviChina Industry & Technology : ANNOUNCEMENT-PRELIMINARY FINANCIAL DATA OF JONHON OPTRONIC FOR THE YEAR 2019

02/28/2020 | 03:34am EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

中國航空科技工業股份有限公司

AviChina Industry & Technology Company Limited*

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2357)

ANNOUNCEMENT

PRELIMINARY FINANCIAL DATA OF JONHON OPTRONIC FOR

THE YEAR 2019

The major financial data and indicators of AVIC JONHON Optronic Technology Co., Ltd.* ("JONHON OPTRONIC", 中航光電科技股份有限公司, whose shares are listed on the Shenzhen Stock Exchange), a non wholly-owned subsidiary of AviChina Industry

  • Technology Company Limited (the "Company") for the year 2019 (the "Reporting Period") as set out in this announcement have not been audited. Investors should take note of the investment risks which may result therefrom.

1. MAJOR FINANCIAL DATA AND INDICATORS OF JONHON OPTRONIC FOR THE YEAR 2019 (UNAUDITED)

Unit: RMB yuan

Item

The Reporting Period

For the corresponding

Increase/Decrease

reporting period of last year

(%)

7,816,018,656.41

17.18%

Total operating revenue

9,158,826,503.64

1,097,253,258.56

13.38%

Operating profits

1,244,087,315.10

1,114,682,363.53

12.54%

Gross profits

1,254,416,196.00

951,561,049.63

12.56%

Net profits attributable to the

shareholders of JONHON

1,071,086,932.00

OPTRONIC

1.0309

0.9316

10.66%

Basic earnings per share

Weighted average return on

15.79%

17.84%

-2.05%

equity

As at the end of the

As at the beginning of the

Increase/Decrease

Reporting Period

Reporting Period

(%)

15,131,869,544.56

13,387,010,288.36

Total assets

13.03%

Owner's equity attributable to

the shareholders of JONHON

8,163,577,289.45

6,043,384,838.08

35.08%

OPTRONIC

1,070,162,326.00

790,940,909.00

Share capital

35.30%

Net assets per share

attributable to the

7.6284

7.6408

-0.16%

shareholders of JONHON

OPTRONIC

2. EXPLANATION OF THE OPERATING RESULTS AND FINANCIAL SITUATION OF JONHON OPTRONIC

In the Reporting Period, JONHON OPTRONIC achieved the total operating revenue of approximately RMB9,158.8265 million, representing an increase of 17.18% as compared with that of the corresponding period of last year. It is mainly due to the facts that, in the Reporting Period, JONHON OPTRONIC's sales revenue in the defense and communications domain maintained a steady growth.

In the Reporting Period, the operating profits, the gross profits and the net profits attributable to the shareholders of JONHON OPTRONIC represent a year-on-year increase of 13.38%, 12.54% and 12.56%, respectively. The growth in profits was lower than the growth in revenue, which was mainly due to more efforts in construction of core products and core capabilities by JONHON OPTRONIC, and a year-on-year increase of 38.48% in the research and development expenses.

Investors are reminded that the final major financial data and indicators of JONHON OPTRONIC for the year 2019 shall be those audited financial data to be formally disclosed in the annual report of JONHON OPTRONIC for the year 2019. Investors should also note that the Company prepares its financial statements under the IFRS and therefore, the financial data of JONHON OPTRONIC disclosed

herein may be significantly different if prepared under the IFRS. Investors should

exercise caution when dealing in the securities of the Company.

For further details relating to the preliminary financial data of JONHON OPTRONIC for

the year 2019, please refer to the announcement dated 28 February 2020 published by

JONHON OPTRONIC on the website of the Shenzhen Stock Exchange (www.szse.cn).

By Order of the Board

AviChina Industry & Technology Company Limited*

Xu Bin

Company Secretary

Beijing, 28 February 2020

As at the date of this announcement, the Board comprises executive Directors Mr. Chen Yuanxian and Mr. Wang Xuejun, non-executive Directors Mr. Yan Lingxi, Mr. Lian Dawei, and Mr. Xu Gang as well as independent non-executive Directors Mr. Liu Renhuai, Mr. Liu Weiwu and Mr. Wang Jianxin.

  • For identification purposes only

Disclaimer

AviChina Industry & Technology Co. Ltd. published this content on 28 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2020 08:33:11 UTC


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Financials
Sales 2020 47 277 M 7 295 M 7 295 M
Net income 2020 1 690 M 261 M 261 M
Net cash 2020 2 401 M 370 M 370 M
P/E ratio 2020 23,8x
Yield 2020 0,61%
Capitalization 47 322 M 7 301 M 7 302 M
EV / Sales 2020 0,95x
EV / Sales 2021 0,84x
Nbr of Employees 43 436
Free-Float 38,6%
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Mean consensus BUY
Number of Analysts 4
Average target price 6,06 CNY
Last Close Price 6,14 CNY
Spread / Highest target 22,3%
Spread / Average Target -1,33%
Spread / Lowest Target -18,5%
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Managers and Directors
NameTitle
Hong Wei Zhao General Manager
Qiang Zheng Chairman-Supervisory Board
Xue Jun Wang Chairman
Guo Fei Tao Chief Financial Officer & Deputy GM
Ren Huai Liu Independent Non-Executive Director
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