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AVIC subsidiary making airborne avionics, fuel, hydraulic and environmental-control systems for Chinese military and civil aircraft.
AVIC subsidiary making airborne avionics, fuel, hydraulic and environmental-control systems for Chinese military and civil aircraft.
In one line: China's Honeywell Aerospace/Collins Aerospace.
Moat: narrow (customer qualification, regulatory licence). Sole-source qualified supplier on domestic military and COMAC civil aircraft programs.
Headquarters: Xi'an, China · Founded: 1993 · Employees: 32,798
Size AVIC Airborne Systems (600372.SS) is a China Industrials company (Aerospace & Defense) with a market value of $8.36B, the 298th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.54 on 6 Nov 2026.
Performance Over six months the shares fell 11.2%, against -15.4% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 2.0% over the last twelve months (peer median +19.6%); the operating margin is 5.5% (peer median 10.1%).
Valuation It trades at 48.1× forward earnings against a peer median of 32.0× (6th most expensive of 19).
Capital Return on invested capital runs 2.3 points below its cost of capital (6.0% WACC).
Next results Next results expected around 15 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥23.3B | CN¥24.0B | CN¥23.7B | CN¥28.9B | CN¥27.7B |
| Revenue growth | — | +1% | -18% | +4% | — |
| Gross profit | CN¥7.53B | CN¥6.38B | CN¥6.14B | CN¥8.02B | CN¥7.49B |
| EBITDA | n/a | CN¥2.89B | CN¥2.67B | CN¥3.61B | CN¥3.36B |
| Net income | CN¥1.02B | CN¥1.07B | CN¥1.04B | CN¥1.89B | CN¥1.35B |
| Free cash flow | -CN¥2.72B | -CN¥1.81B | -CN¥3.92B | -CN¥2.45B | -CN¥2.42B |
| Capital expenditure | CN¥2.29B | CN¥2.11B | CN¥2.00B | CN¥1.44B | CN¥1.55B |
| Total debt | CN¥16.4B | CN¥19.2B | CN¥17.1B | CN¥14.5B | CN¥15.1B |
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 |
|---|---|---|---|---|---|---|
| AVIC Airborne Systems 600372.SS | $8.36B | -11% | -2% | 5% | 48.1× | n/a |
| Honeywell Technologies HON | $69.8B | -1% | -17% | 18% | 23.2× | 4.1% |
| RTX RTX | $256B | +8% | +12% | 11% | 24.4× | 8.4% |
| Safran SAF.PA | $138B | +4% | +14% | 13% | 28.5× | 22.2% |
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 | 600372.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.4% | -2.8% | 8th highest of 21 |
| 6-month return | -11.2% | -15.4% | 10th highest of 21 |
| Distance from 52-week high | -32.0% | -34.3% | 9th highest of 21 |
| Revenue growth (TTM) | -2.0% | +19.6% | 3rd lowest of 21 |
| Operating margin | 5.5% | 10.1% | 8th lowest of 21 |
| Forward P/E | 48.1× | 32.0× | 6th most expensive of 19 |
| ROIC minus cost of capital | -2.3 pp | +0.4 pp | 7th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| AVIC Airborne Systems 600372.SS | China | $8.36B | -11% | -2% | 5% | 48.1× | n/a | n/a |
| Raytron Technology 688002.SS | China | $8.64B | -15% | +84% | 29% | 26.4× | 20.1% | +32.1% |
| Melrose Industries MRO.L | United Kingdom | $7.80B | -4% | +9% | 11% | 13.4× | 15.3% | -12.8% |
| Leonardo DRS DRS | United States | $9.08B | -18% | +9% | 11% | 23.1× | 4.6% | +5.6% |
| Korea Aerospace 047810.KS | South Korea | $7.37B | -39% | +44% | 6% | 45.4× | n/a | n/a |
| Loar LOAR | United States | $7.05B | +26% | +30% | 25% | 52.2× | 29.1% | +27.5% |
| AVIC Xi'an Aircraft Industry 000768.SZ | China | $9.92B | +1% | -34% | 3% | 55.7× | n/a | n/a |
| Hensoldt HAG.DE | Germany | $10.0B | +2% | +15% | 10% | 41.3× | 12.2% | +15.3% |
| Hanwha Systems 272210.KS | South Korea | $6.93B | -57% | +30% | 6% | 82.5× | n/a | n/a |
| Moog MOG-A | United States | $10.3B | +3% | +16% | 12% | 27.8× | 15.1% | +6.0% |
| Kratos Defense & Security Solutions KTOS | United States | $6.59B | -39% | +26% | 2% | 36.4× | n/a | n/a |
| Jonhon Optronic Technology 002179.SZ | China | $10.7B | -7% | +6% | 11% | 30.4× | n/a | n/a |
| China Aerospace Times Electronics 600879.SS | China | $6.43B | -46% | -13% | 1% | 130.0× | n/a | n/a |
| BWX Technologies BWXT | United States | $11.0B | -42% | +18% | 10% | 23.8× | 19.6% | +8.5% |
| BETA Technologies BETA | United States | $6.37B | +45% | +136% | -1,033% | n/a | n/a | n/a |
| Huntington Ingalls Industries HII | United States | $11.4B | -8% | +13% | 5% | 14.4× | 5.3% | +5.9% |
| Hexcel HXL | United States | $6.09B | -16% | +8% | 11% | 29.6× | 23.0% | +4.5% |
| Karman KRMN | United States | $6.04B | -25% | +50% | 19% | 57.5× | n/a | n/a |
| Crane CR | United States | $11.6B | +11% | +22% | 18% | 25.8× | 17.5% | -3.5% |
| Joby Aviation JOBY | United States | $5.89B | -45% | +118,568% | -754% | n/a | n/a | n/a |
| AeroVironment AVAV | United States | $5.73B | -33% | +84% | 1% | 33.5× | n/a | n/a |