Avic Xi'An Aircraft Industry Group Company Ltd.’s Net Profit Dropped 19.8% in 2022

Avic Xi'An Aircraft Industry Group Company Ltd. (中航西安飞机工业集团股份有限公司) (000768.SZ) reported a net profit of 523.4 million yuan in 2022, down 19.8% year-on-year.

Meanwhile, the company posted 37.7 billion yuan in revenue, up 15.2% year-on-year.

At the end of the reporting period, it had 82.2 billion yuan in total assets and 66 billion yuan in total liabilities, with a liability-to-asset ratio of 80.4%.