AVIC Heavy Machinery forecasts profit decline, plans share buyback

AVIC Heavy Machinery (SSE:600765) forecasts a first-quarter 2025 revenue of approximately CNY 23.06 billion, a 21% year-over-year decrease, with net profit attributable to shareholders expected to be CNY 1.98 billion, down 39%. Despite the decline, the company expects to meet 20% of its full-year revenue target and 23% of its profit target for the period. To enhance shareholder value and confidence, AVIC Heavy Machinery plans to repurchase shares via centralized bidding, allocating between CNY 200 million and CNY 400 million for this purpose. The repurchased shares will be canceled to reduce registered capital. The buyback, funded through company funds and a loan of up to CNY 36 million from the China Bank Guizhou branch, is subject to shareholder approval and must be completed within 12 months. China Aerospace Times Electronics Corporation will reduce registered capital to increase shareholder confidence and stabilize and increase company value.