AECC Aviation Power market cap is ¥88.6 b, and annual revenue was ¥23.10 b in FY 2018

AECC Aviation Power Gross profit (H1, 2019)1.7 B

AECC Aviation Power Gross profit margin (H1, 2019), %19%

AECC Aviation Power Net income (H1, 2019)339.8 M

AECC Aviation Power Cash, 30-Jun-20192.8 B

AECC Aviation Power EV94.8 B

AECC Aviation Power revenue was ¥23.10 b in FY, 2018 which is a 2.4% year over year increase from the previous period.

AECC Aviation Power revenue breakdown by business segment: 98.5% from Main Business and 1.5% from Other

CNY | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Revenue | 22.2b | 22.6b | 23.1b |

| 2% | 2% | |

## Cost of goods sold | 17.9b | 18.3b | 19.0b |

## Gross profit | 4.3b | 4.3b | 4.1b |

| 20% | 19% | 18% |

## Sales and marketing expense | 219.1m | 253.5m | 214.2m |

## R&D expense | 283.1m | 414.8m | 442.6m |

## General and administrative expense | 1.9b | 190.1b | 1.7b |

## Operating expense total | 2.4b | 190.8b | 2.4b |

## Interest expense | 872.1m | 763.7m | 498.8m |

## Interest income | 44.8m | 63.6m | 54.8m |

## Investment income | 84.0m | 327.5m | 178.7m |

## Pre tax profit | 1.2b | 1.2b | 1.3b |

## Income tax expense | 249.2m | 269.1m | 234.1m |

## Net Income | 916.0m | 935.3m | 1.1b |

## EPS | 0.5 | 0.5 | 0.5 |

CNY | H1, 2017 | H1, 2018 | H1, 2019 |
---|---|---|---|

## Revenue | 7.9b | 8.3b | 8.8b |

## Cost of goods sold | 6.2b | 6.8b | 7.2b |

## Gross profit | 1.6b | 1.5b | 1.7b |

| 20% | 18% | 19% |

## Sales and marketing expense | 106.7m | 92.6m | 113.5m |

## R&D expense | 135.4m | ||

## General and administrative expense | 976.3m | 850.5m | 888.7m |

## Operating expense total | 1.1b | 943.1m | 1.1b |

## Interest expense | 339.2m | 196.3m | 211.4m |

## Interest income | 19.3m | 36.9m | 16.1m |

## Investment income | 26.2m | 29.3m | 44.8m |

## Pre tax profit | 223.9m | 444.4m | 404.5m |

## Income tax expense | 65.8m | 72.3m | 64.7m |

## Net Income | 158.1m | 372.1m | 339.8m |

CNY | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Cash | 5.9b | 6.8b | 4.6b |

## Accounts Receivable | 6.4b | 6.7b | 8.2b |

## Prepaid Expenses | 1.0b | 509.2m | 686.0m |

## Inventories | 12.2b | 13.1b | 14.2b |

## Current Assets | 27.2b | 28.8b | 30.3b |

## PP&E | 17.0b | 17.6b | 17.9b |

## Total Assets | 49.3b | 51.7b | 53.5b |

## Accounts Payable | 6.3b | 5.8b | 6.1b |

## Dividends Payable | 46.4m | 40.7m | 202.7m |

## Short-term debt | 12.4b | 6.4b | 6.0b |

## Current Liabilities | 29.4b | 25.3b | 28.0b |

## Long-term debt | 5.2b | 1.4b | 235.1m |

## Non-Current Liabilities | 1.0b | (3.5b) | (5.0b) |

## Total Debt | 17.6b | 7.9b | 6.2b |

## Total Liabilities | 30.5b | 21.8b | 23.0b |

## Common Stock | 1.9b | 2.2b | 2.2b |

## Additional Paid-in Capital | 9.9b | 19.1b | 19.1b |

## Retained Earnings | 3.5b | 4.2b | 4.9b |

## Total Equity | 18.9b | 29.8b | 30.5b |

## Debt to Equity Ratio | 0.9 x | 0.3 x | 0.2 x |

## Debt to Assets Ratio | 0.4 x | 0.2 x | 0.1 x |

## Financial Leverage | 2.6 x | 1.7 x | 1.8 x |

CNY | H1, 2017 | H1, 2018 | H1, 2019 |
---|---|---|---|

## Cash | 4.8b | 3.7b | 2.8b |

## Accounts Receivable | 8.2b | 9.4b | 11.8b |

## Prepaid Expenses | 821.6m | 554.2m | 627.8m |

## Inventories | 14.4b | 15.2b | 18.5b |

## Current Assets | 29.3b | 30.2b | 35.1b |

## PP&E | 17.3b | 17.5b | 18.5b |

## Total Assets | 51.7b | 53.3b | 58.7b |

## Accounts Payable | 6.9b | 7.3b | 9.7b |

## Dividends Payable | 161.1m | 202.3m | 402.4m |

## Short-term debt | 1.5t | 697.7b | 8.6b |

## Current Liabilities | 32.4b | 27.6b | 34.4b |

## Long-term debt | 5.0b | 1.4b | 289.3m |

## Non-Current Liabilities | (120.7m) | (3.9b) | (5.1b) |

## Total Debt | 1.6t | 699.1b | 8.9b |

## Total Liabilities | 32.3b | 23.6b | 29.3b |

## Common Stock | 1.9b | 2.2b | 2.2b |

## Additional Paid-in Capital | 9.9b | 19.1b | 19.1b |

## Retained Earnings | 3.4b | 4.3b | 4.9b |

## Total Equity | 19.4b | 29.6b | 29.4b |

## Debt to Equity Ratio | 79.9 x | 23.6 x | 0.3 x |

## Debt to Assets Ratio | 30 x | 13.1 x | 0.2 x |

## Financial Leverage | 2.7 x | 1.8 x | 2 x |

CNY | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Net Income | 916.0m | 935.3m | 1.1b |

## Cash From Operating Activities | (1.9b) | 972.6m | 1.2b |

## Purchases of PP&E | (2.3b) | (2.0b) | (1.7b) |

## Cash From Investing Activities | (2.1b) | (1.7b) | (1.8b) |

## Long-term Borrowings | (23.5b) | (30.8b) | (18.4b) |

## Dividends Paid | (1.1b) | (1.1b) | (668.3m) |

## Cash From Financing Activities | 974.9m | 1.5b | (1.3b) |

## Net Change in Cash | (3.1b) | 720.9m | (1.9b) |

CNY | H1, 2017 | H1, 2018 | H1, 2019 |
---|---|---|---|

## Net Income | 158.1m | 372.1m | 339.8m |

## Cash From Operating Activities | (3.2b) | (2.6b) | (2.7b) |

## Purchases of PP&E | (579.6m) | (855.7m) | (910.6m) |

## Cash From Investing Activities | (571.5m) | (843.6m) | (809.6m) |

## Long-term Borrowings | (11.2b) | (6.9b) | (7.7b) |

## Dividends Paid | 548.8m | (340.1m) | (401.7m) |

## Cash From Financing Activities | 2.7b | 456.5m | 1.8b |

## Net Change in Cash | (1.1b) | (2.9b) | (1.8b) |

CNY | FY, 2016 |
---|---|

## Debt/Equity | 0.9 x |

## Debt/Assets | 0.4 x |

## Financial Leverage | 2.6 x |