AviChina Industry & Technology : Annual Report of 2022
April 26, 2023 at 05:33 am EDT
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中 國 航 空 科 技 工 業 股 份 有 限 公 司
2003-2023
(A joint stock limited company incorporated in the People's Republic of China with limited liability)
A N N I V E R S A R Y
(Stock Code : 2357)
2022
Annual Report
Contents
2 Company Profile
4 Financial Highlights
7 Chairman's Statement
11 Management Discussion and Analysis
Directors, Supervisors and Senior Management
Report of the Board
Report of the Supervisory Committee
Corporate Governance Report
Environmental, Social & Governance Report
Independent Auditor's Report
Consolidated Balance Sheet
Balance Sheet of the Company
Consolidated Income Statement
Income Statement of the Company
Consolidated Cash Flow Statement
Cash Flow Statement of the Company
Consolidated Statement of Changes in Shareholders' Equity
Statement of Changes in Shareholders' Equity of the Company
Notes to the Financial Statements
Definitions
Corporate Information
Company Profile
The Company is a joint stock limited company established in the PRC on 30 April 2003. The Company's H Shares have been listed on the Hong Kong Stock Exchange since 30 October 2003 (stock code: 2357). As at the date of this report, the shareholders of the Company mainly include AVIC, Airbus and Tianjin Free Trade Zone Investment.
The Company principally operates through its subsidiaries. The Group is mainly engaged in:
the development, manufacture, sales and upgrade of civil aviation products and defense products such as provision of helicopters, trainer aircraft, general-purpose aircraft and regional jets for domestic and overseas customers; and
the co-development and manufacture of aviation products with foreign aviation products manufacturers.
2 AviChina Industry & Technology Company Limited
Company Profile
PRINCIPAL PRODUCTS OF THE GROUP
Helicopter: Z-series and AC series;
Trainer: L15, K8 and CJ-6(PT-6) trainers series;
General-purpose aircraft: Y-12multi-purpose aeroplanes series and the N-5 agricultural aeroplanes series;
Aviation ancillary system: avionics products, connectors, and its accessories; and
Aviation engineering services: planning, design and consultation services, etc.
CORPORATE STRUCTURE OF THE GROUP
AviChina
JONHON
AVIC
Hongdu
Optronic
Avionics
Aviation
(SZ002179)
(SH600372)
(SH600316)
AVICOPTER
(SH600038)
AVIC
Tianjin
AVIC CAPDI
AviChina
AviChina
Helicopter
Aviation
Hong Kong
Capital
Harbin
Changhe
Jingdezhen
Helicopter R&D
Aircraft
Aircraft
Branch
Taixing Aivation Optoelectronic
AVIC Optoelectronics Precision
Xiangtong Photoelectric
AVIC Forstar (835640)
Shenyang Xinghua
Qianshan Avionics
Shaanxi Huayan
Taiyuan Instrument
Shanghai Aviation Electric
Lanzhou Aviation Electric
AVIC Kaitian
AVIC Lanfei
Oriental Instrument
Keeven Instrument
Changfeng Avionics
Hafei Aviation
Changhe Aviation
Huiyang Company
2022 Annual Report
3
Financial Highlights
CONSOLIDATED PROFIT AND LOSS
(Prepared under China Accounting Standards for Business Enterprises) (RMB million, other than basic and diluted earnings per share)
For the year ended 31 December
2022
2021
Changes
Revenue
63,639
60,296
5.54%
Profit before tax
5,248
5,315
-1.26%
Net profit attributable to the owners of the parent
company
2,216
2,369
-6.46%
Gross profit margin
22.60%
21.06%
1.54
percentage points
Earnings per share (RMB)
- Basic
0.287
0.307
-6.51%
- Diluted
0.287
0.307
-6.51%
CONSOLIDATED ASSETS AND LIABILITIES
(Prepared under China Accounting Standards for Business Enterprises) (RMB million)
As at 31 December
2022
2021
Changes
Total assets
144,006
133,889
7.56%
Total liabilities
85,853
79,123
8.51%
Minority equity
30,029
27,859
7.79%
Shareholders' equity attributable to parent company
28,124
26,907
4.52%
4 AviChina Industry & Technology Company Limited
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AviChina Industry & Technology Co. Ltd. published this content on 24 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2023 07:16:01 UTC.
AviChina Industry & Technology Company Limited is principally engaged in the research, development, manufacture and sale of civil aviation products. The Company operates its business through two segments. The Aviation Entire Aircraft segment is engaged in the manufacture, assembly, sales and servicing of helicopters, trainers and other aircraft. The Aviation Parts and Components segment is engaged in the manufacture and sale of aviation parts and components.