AECC Aviation Power reports profit decline, proposes modest dividend
AECC Aviation Power (SSE:600893) announced a revenue increase of 9.48% to CNY 47.88 billion in its 2024 Annual Report, but profit attributable to shareholders declined by 39.48% to CNY 860.29 million. The company attributes the profit decrease to increased R&D spending, higher financing costs, and reduced investment income. The board of directors has proposed a cash dividend of CNY 0.097 per share, totaling CNY 258.56 million and representing 30.06% of the net profit attributable to shareholders.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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