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One of China's oldest aircraft manufacturers, producing the L-15 Falcon military trainer jet and other light aircraft for AVIC.
One of China's oldest aircraft manufacturers, producing the L-15 Falcon military trainer jet and other light aircraft for AVIC.
Revenue follows military procurement and delivery schedules, with orders state-allocated rather than won in open competition, and the plant is one of AVIC's main aircraft sites. Export deliveries of trainer jets add a smaller second source.
In one line: A Chinese military trainer-aircraft manufacturer, akin to a state-owned Textron Aviation d.
Moat: narrow (regulatory licence, installed base). Decades-long status as one of AVIC's primary aircraft-manufacturing plants gives an entrenched, state-protected position.
Headquarters: Nanchang, Jiangxi, China · Founded: 1951 · Employees: 1,829
Size Jiangxi Hongdu Aviation Industry (600316.SS) is a China Industrials company (Aerospace & Defense) with a market value of $3.77B, the 682nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥35.09 on 6 Nov 2026.
Performance Over six months the shares fell 4.2%, against -14.9% for the median peer and -16.4% for the China market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 62.2% over the last twelve months (peer median +1.9%); the operating margin is 0.4% (peer median 3.6%).
Valuation It trades at 121.0× forward earnings against a peer median of 29.9× (most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 53% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +45 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.4 points below its cost of capital (9.2% WACC).
Next results Next results expected around 15 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.68B | CN¥7.43B | CN¥5.25B | CN¥3.72B | CN¥7.25B |
| Revenue growth | — | +42% | +41% | -49% | — |
| Gross profit | CN¥292M | CN¥193M | CN¥162M | CN¥111M | CN¥177M |
| EBITDA | n/a | CN¥148M | CN¥110M | CN¥76.5M | CN¥91.7M |
| Net income | CN¥42.8M | CN¥39.8M | CN¥39.2M | CN¥32.5M | CN¥141M |
| Free cash flow | CN¥684M | CN¥153M | -CN¥630M | CN¥167M | -CN¥300M |
| Capital expenditure | CN¥17.2M | CN¥16.8M | CN¥64.6M | CN¥35.3M | CN¥71.7M |
| Total debt | CN¥201M | CN¥281M | CN¥936M | CN¥791M | CN¥1.12B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Jiangxi Hongdu Aviation Industry 600316.SS | $3.77B | -4% | +62% | 0% | 121.0× | 53.4% |
| Avicopter 600038.SS | $3.54B | -8% | -6% | 1% | 33.9× | 9.1% |
| Korea Aerospace 047810.KS | $7.37B | -39% | +44% | 6% | 45.4× | n/a |
| Leonardo LDO.MI | $31.0B | -4% | +10% | 7% | 20.2× | 14.3% |
| Hindustan Aeronautics HAL.NS | $35.2B | +4% | +7% | 23% | 33.6× | 42.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 600316.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.2% | -0.7% | 4th highest of 21 |
| 6-month return | -4.2% | -14.9% | 3rd highest of 21 |
| Distance from 52-week high | -26.4% | -40.6% | 3rd highest of 21 |
| Revenue growth (TTM) | +62.2% | +1.9% | 4th highest of 20 |
| Operating margin | 0.4% | 3.6% | 7th lowest of 21 |
| Forward P/E | 121.0× | 29.9× | most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 53.4% | 22.8% | 2nd most demanding of 13 |
| Growth delivered (Del g) | +8.0% | +8.3% | 6th lowest of 13 |
| Hurdle (Req g minus delivered) | +45.4 pp | +4.6 pp | 2nd most demanding of 13 |
| ROIC minus cost of capital | -7.4 pp | -2.9 pp | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangxi Hongdu Aviation Industry 600316.SS | China | $3.77B | -4% | +62% | 0% | 121.0× | 53.4% | +8.0% |
| RENK R3NK.DE | Germany | $3.84B | -24% | +11% | 13% | 21.1× | 29.8% | +54.5% |
| AECC Aero-engine Control 000738.SZ | China | $3.66B | -10% | -3% | 3% | 64.0× | n/a | n/a |
| Avic (Chengdu) UAS 688297.SS | China | $3.93B | -15% | +74% | 0% | 106.5× | n/a | n/a |
| Avicopter 600038.SS | China | $3.54B | -8% | -6% | 1% | 33.9× | 9.1% | +8.1% |
| Baimtec Material 688563.SS | China | $3.53B | -12% | -1% | 15% | 38.2× | 22.7% | +14.4% |
| QinetiQ QQ..L | United Kingdom | $3.51B | +26% | 0% | 10% | 15.3× | 0.1% | +8.5% |
| Firefly Aerospace FLY | United States | $3.48B | -48% | +179% | -116% | n/a | n/a | n/a |
| Bharat Dynamics BDL.NS | India | $4.12B | -28% | -19% | 10% | 47.2× | n/a | n/a |
| Archer Aviation ACHR | United States | $3.42B | -31% | n/a | -13,570% | n/a | n/a | n/a |
| Lisi FII.PA | France | $3.27B | 0% | -8% | 10% | 22.5× | 20.4% | +7.3% |
| Aar AIR | United States | $4.39B | -7% | +22% | 9% | 18.4× | 13.2% | +14.9% |
| Inner Mongolia First Machinery 600967.SS | China | $3.22B | -10% | -7% | 0% | 26.0× | 38.2% | -5.4% |
| Anhui GreatWall Military Industry 601606.SS | China | $3.20B | -22% | -10% | -7% | n/a | n/a | n/a |
| Mercury Systems MRCY | United States | $4.48B | -19% | +8% | 2% | 44.2× | 59.6% | +1.3% |
| AviChina Industry & Technology 2357.HK | Hong Kong | $3.11B | -13% | +2% | 5% | 8.1× | n/a | n/a |
| Nanchang Sanrui Intelligence Technology 301696.SZ | China | $4.87B | -14% | +29% | 45% | n/a | 36.1% | +43.7% |
| North Industries Group Red Arrow 000519.SZ | China | $2.88B | -22% | +100% | 1% | 57.5× | 23.0% | +7.5% |
| Sai MicroElectronics 300456.SZ | China | $2.75B | -45% | -59% | -99% | 65.9× | 41.7% | +1.5% |
| Amentum AMTM | United States | $5.20B | -13% | +11% | 4% | 8.4× | 1.7% | +23.3% |
| LIG Defense&Aerospace 079550.KS | South Korea | $5.24B | -65% | +26% | 8% | 20.0× | n/a | n/a |