AVIC Heavy Machinery's half-year profit drops amid revenue decline

Avic Heavy Machinery (SSE:600765) has released its preliminary unaudited results for the first half of 2025, projecting a year-on-year decrease in both revenue and net profit. The company expects revenue to reach CNY 5.751 billion, a 4.5% decline, achieving 50.01% of its full-year target. Net profit attributable to shareholders is estimated at CNY 487 million, down approximately 33.29% compared to the same period last year. The company attributes the profit decline primarily to falling product prices and increased provisions for inventory depreciation, but notes strong growth in both commercial aviation and civil business, exceeding 20% each. The firm emphasizes that the preliminary figures are subject to change based on the final audited report.