AVICHINA (02357) has released its interim results for 2026, reporting total operating revenue of RMB 37.812 billion, a modest year-on-year increase of 0.9%. However, net profit attributable to shareholders of the parent company stood at RMB 823 million, reflecting a decline of 20.1% compared to the same period last year. Basic earnings per share came in at RMB 0.103.

During the period, the group's aviation complete aircraft segment generated revenue of RMB 8.840 billion, down 14.50% from the previous year, primarily due to reduced sales of helicopter products in the current period. This segment accounted for 23.38% of the group's total revenue.

The aviation support systems and related business segment posted revenue of RMB 24.061 billion, up 6.54% year-on-year, representing 63.63% of total group revenue. Meanwhile, the aviation engineering services segment recorded revenue of RMB 4.911 billion, an increase of 8.10% year-on-year, driven by higher engineering construction income, and contributed 12.99% to total revenue.

Segment profit for the aviation complete aircraft division fell to RMB 226 million, down RMB 213 million or 48.52% from RMB 439 million in the prior year, largely due to reduced benefits from the VAT additional deduction policy. The aviation support systems and related business segment saw segment profit decrease by 6.10% to RMB 2.447 billion from RMB 2.606 billion, impacted by weaker performance at its subsidiary, AVIC Optronics. The aviation engineering services segment's profit declined by 7.98% to RMB 173 million from RMB 188 million, mainly attributable to lower gross margins in certain business operations.