000768.SHE AVIC Aircraft Co Ltd
- Market cap
- CNY 65.6B
- P/E
- 78.6x
- P/B
- 2.72x
- ROE
- 3.8%
- Dividend yield
- 0.53%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 000768.SHE undervalued?
Graham numberThe Graham number of AVIC Aircraft Co Ltd cannot be estimated reliably (the estimate is too far from the market price).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
AVIC Aircraft Co Ltd fundamental analysis
No fundamental analysis for AVIC Aircraft Co Ltd yet.
AVIC Aircraft Co Ltd stock price
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About AVIC Aircraft Co Ltd
AVIC Xi'an Aircraft Industry Group Company Ltd. researches, develops, manufactures, sells, maintains, and services military aircraft and military and civilian aviation parts in China. It provides large and medium-sized military transport aircrafts, bombers, and special purpose aircrafts. It also offers development of key components such as fuselages and wings for the C909, C919, AG600, and MA series aircraft, as well as manufactures wings and fuselages for the Airbus A320/A3…
Full company profileAVIC Aircraft Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
AVIC Aircraft Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 26.1B | 31.1B | 33.5B | 32.1B | 33.5B | 32.7B | 37.7B | 40.3B | 43.2B | 41.0B | 24.8B |
| Gross Profit | 1.77B | 2.15B | 1.88B | 2.41B | 2.50B | 2.34B | 2.57B | 2.26B | 2.44B | 2.78B | 2.03B |
| Operating Income | 386M | 581M | 658M | 1.25B | 982M | 799M | 583M | 1.02B | 1.18B | 1.29B | 1.20B |
| EBITDA | 820M | 973M | 1.07B | 2.03B | 2.12B | 1.92B | 1.72B | 1.82B | 2.00B | 2.42B | 1.12B |
| Net Income | 413M | 471M | 558M | 1.07B | 777M | 653M | 524M | 861M | 1.02B | 1.15B | 860M |
| EPS | 0.15 | 0.17 | 0.20 | 0.39 | 0.28 | 0.24 | 0.19 | 0.31 | 0.37 | 0.41 | 0.31 |
| Balance Sheet | |||||||||||
| Total Assets | 39.2B | 40.7B | 48.1B | 62.1B | 58.5B | 72.0B | 82.2B | 80.9B | 73.8B | 77.8B | 78.5B |
| Total Liabilities | 21.5B | 23.1B | 28.6B | 44.6B | 43.2B | 56.2B | 66.1B | 61.4B | 52.8B | 55.6B | 55.6B |
| Shareholders' Equity | 15.4B | 15.7B | 16.2B | 17.5B | 15.3B | 15.7B | 16.1B | 19.5B | 21.0B | 22.2B | 22.6B |
| Cash & Short-term Investments | 6.81B | 6.33B | 8.84B | 13.3B | 13.6B | 6.78B | 26.5B | 19.4B | 18.1B | 10.6B | 7.66B |
| Total Debt | 1.49B | 1.32B | 1.98B | 2.48B | 1.04B | 10.5B | 2.13B | 1.44B | 1.22B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 1.42B | 1.31B | 1.40B | 553M | 2.73B | -15.0B | 29.3B | -5.47B | -57.6M | -8.35B | - |
| Capital Expenditure | 640M | 1.17B | 831M | 723M | 1.07B | 666M | 875M | 1.17B | 1.40B | 909M | 886M |
| Free Cash Flow | 781M | 138M | 573M | -169M | 1.66B | -15.6B | 28.4B | -6.69B | -1.46B | -9.26B | -4.48B |
| Ratios | |||||||||||
| ROE | 2.7% | 3.0% | 3.4% | 6.1% | 5.1% | 4.1% | 3.2% | 4.4% | 4.9% | 5.2% | 3.8% |
| ROA | 1.1% | 1.2% | 1.2% | 1.7% | 1.3% | 0.9% | 0.6% | 1.1% | 1.4% | 1.5% | 1.1% |
| Net Profit Margin | 1.6% | 1.5% | 1.7% | 3.3% | 2.3% | 2.0% | 1.4% | 2.1% | 2.4% | 2.8% | 3.5% |
| Debt to Equity | 0.10x | 0.08x | 0.12x | 0.14x | 0.07x | 0.67x | 0.13x | 0.07x | 0.06x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
AVIC Aircraft Co Ltd dividends
- Dividend yield
- 0.53%
- Forward dividend
- 0.15 CNY
- Payout ratio
- 30.2%
- Ex-dividend date
- Jun 23, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 348M | 0.13 | 30.2% |
| 2024 | CNY 317M | 0.11 | 31.0% |
| 2023 | CNY 278M | 0.10 | 32.3% |
| 2022 | CNY 235M | 0.08 | 44.9% |
| 2021 | CNY 397M | 0.14 | 60.8% |
| 2020 | CNY 584M | 0.21 | 75.2% |
| 2019 | CNY 453M | 0.16 | 42.2% |
| 2018 | CNY 323M | 0.12 | 57.8% |
| 2017 | CNY 216M | 0.08 | 45.8% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 22:10 on May 18, 2009.
Who owns AVIC Aircraft Co Ltd
- Insiders 54.97%
- Institutions 4.07%
- Public & others 40.96%
- Shares outstanding 2.78B
- Free float 1.26B
AVIC Aircraft Co Ltd company profile
- Company name
- AVIC Aircraft Co Ltd
- Ticker
- 000768.SHE
- ISIN
- CNE000000RF9
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Jun 26, 1997
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Employees
- 24,751
- Fiscal year end
- December
- Address
- No.1, Xifei Avenue, Xi'an, China, 710089
- Phone
- 86 29 86847885
- Website
- xac.com.cn
About AVIC Aircraft Co Ltd
AVIC Xi'an Aircraft Industry Group Company Ltd. researches, develops, manufactures, sells, maintains, and services military aircraft and military and civilian aviation parts in China. It provides large and medium-sized military transport aircrafts, bombers, and special purpose aircrafts. It also offers development of key components such as fuselages and wings for the C909, C919, AG600, and MA series aircraft, as well as manufactures wings and fuselages for the Airbus A320/A321 series aircraft, and vertical tail and inboard flaps for the Boeing B737 series aircraft. In addition, the company offers aviation engineering technical support, customer service, technical information, user training, and aircraft parts support. The company was formerly known as AVIC Aircraft Co., Ltd. The company was incorporated in 1997 and is based in Xi'an, China.
AVIC Aircraft Co Ltd management
10- Mr. Anan ZhaoGM & Director · born 1983
- Mr. Kegong DongChief Accountant Officer & Director · born 1970
- Mr. Long CuiGeneral Counsel & Chief Auditor · born 1976
- Mr. Tao ZhengChief Quality Officer & Deputy GM · born 1975
- Mr. Feng ZuoBoard Secretary
- Mr. Yan WangDeputy General Manager · born 1965
- Mr. Chun Heng YuanDeputy General Manager · born 1986
- Ms. Jin Xuan YuDeputy General Manager · born 1985
- Mr. Feng YangDeputy General Manager · born 1985
- Mr. Guangzhi ChangDeputy General Manager · born 1977