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Chinese state-owned military aircraft manufacturer, building fighter jets (J-15, J-16 family) for the People's Liberation Army.
Chinese state-owned military aircraft manufacturer, building fighter jets (J-15, J-16 family) for the People's Liberation Army.
Sells aircraft to one buyer, the Chinese military, under state procurement contracts, so orders and pricing follow the defense plan rather than a market. It is a unit of the state aviation group AVIC and sits beside AVIC's Chengdu aircraft maker, which builds the J-10 and J-20.
In one line: China's Lockheed Martin fighter-jet division equivalent.
Moat: wide (regulatory licence, IP / patents). State-designated primary producer of key fighter jet platforms; defense procurement bars foreign or private competition.
Headquarters: Shenyang, China · Founded: 1951 · Employees: 16,444
Size AVIC Shenyang Aircraft (600760.SS) is a China Industrials company (Aerospace & Defense) with a market value of $20.8B, the 104th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥48.93 on 6 Nov 2026.
Performance Over six months the shares gained 4.2%, against -9.0% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue fell 1.1% over the last twelve months (peer median +19.0%); the operating margin is 7.9% (peer median 10.7%).
Valuation It trades at 45.1× forward earnings against a peer median of 27.3× (5th most expensive of 20).
Capital Return on invested capital runs 9.5 points above its cost of capital (5.0% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥37.6B | CN¥44.6B | CN¥42.7B | CN¥46.1B | CN¥41.4B |
| Revenue growth | — | +5% | -7% | +11% | — |
| Gross profit | CN¥5.88B | CN¥5.98B | CN¥5.07B | CN¥4.83B | CN¥3.84B |
| EBITDA | n/a | CN¥4.85B | CN¥4.66B | CN¥3.82B | CN¥2.99B |
| Net income | CN¥3.16B | CN¥3.52B | CN¥3.39B | CN¥3.01B | CN¥2.30B |
| Free cash flow | -CN¥2.56B | -CN¥6.16B | -CN¥6.79B | -CN¥6.95B | CN¥1.62B |
| Capital expenditure | CN¥3.47B | CN¥3.88B | CN¥3.05B | CN¥2.56B | CN¥1.06B |
| Total debt | CN¥106M | CN¥2.03B | CN¥7.34B | CN¥6.89B | CN¥4.58B |
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 Shenyang Aircraft 600760.SS | $20.8B | +4% | -1% | 8% | 45.1× | n/a |
| AVIC Xi'an Aircraft Industry 000768.SZ | $9.92B | +1% | -34% | 3% | 55.7× | n/a |
| Lockheed Martin LMT | $131B | +12% | +8% | 12% | 17.6× | -6.9% |
| Korea Aerospace 047810.KS | $7.37B | -39% | +44% | 6% | 45.4× | n/a |
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 | 600760.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.3% | +4.0% | 3rd highest of 21 |
| 6-month return | +4.2% | -9.0% | 8th highest of 21 |
| Distance from 52-week high | -26.0% | -20.9% | 10th lowest of 21 |
| Revenue growth (TTM) | -1.1% | +19.0% | 2nd lowest of 21 |
| Operating margin | 7.9% | 10.7% | 6th lowest of 21 |
| Forward P/E | 45.1× | 27.3× | 5th most expensive of 20 |
| ROIC minus cost of capital | +9.5 pp | +6.5 pp | 6th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| AVIC Shenyang Aircraft 600760.SS | China | $20.8B | +4% | -1% | 8% | 45.1× | n/a | n/a |
| MTU Aero Engines MTX.DE | Germany | $20.9B | +21% | +12% | 13% | 18.5× | 6.3% | +17.1% |
| Arxis ARXS | United States | $21.5B | +42% | +114% | 20% | 54.2× | 58.8% | n/a |
| Bombardier BBD-B.TO | Canada | $22.5B | +8% | +11% | 11% | 22.1× | 19.0% | +8.9% |
| Singapore Technologies Engineering S63.SI | Singapore | $22.6B | -13% | +11% | 9% | 27.3× | 5.3% | +11.5% |
| FTAI Aviation FTAI | United States | $18.4B | -33% | +46% | 23% | 16.7× | n/a | n/a |
| Hanwha Aerospace 012450.KS | South Korea | $25.0B | -53% | +28% | 11% | 17.2× | -7.0% | +38.1% |
| Curtiss-Wright CW | United States | $17.1B | -36% | +11% | 19% | 27.4× | 16.2% | +7.9% |
| Axon Enterprise AXON | United States | $25.4B | -22% | +35% | 1% | 36.5× | n/a | n/a |
| Dassault Aviation AM.PA | France | $26.0B | +6% | +33% | 9% | 19.6× | 5.2% | +6.2% |
| AECC Aviation Power 600893.SS | China | $15.8B | -15% | +18% | 2% | 173.7× | n/a | n/a |
| Csg CSG.AS | Netherlands | $14.6B | -20% | +72% | 25% | 11.7× | n/a | n/a |
| Textron TXT | United States | $14.2B | -8% | +9% | 7% | 11.9× | 8.3% | +4.9% |
| Embraer S.A. Sponsored ADR EMBJ | United States | $14.1B | +23% | +20% | 8% | 23.6× | 16.9% | +14.5% |
| Bharat Electronics BEL.NS | India | $30.6B | -10% | +20% | 26% | 41.5× | 38.2% | +14.3% |
| Leonardo LDO.MI | Italy | $31.0B | -4% | +10% | 7% | 20.2× | 14.3% | +7.8% |
| Rocket Lab RKLB | United States | $31.8B | -50% | +53% | -29% | n/a | n/a | n/a |
| Kongsberg Gruppen KOG.OL | Norway | $31.8B | +13% | -28% | 17% | 46.3× | 21.7% | +4.3% |
| Elbit Systems ESLT | United States | $32.0B | -13% | +12% | 9% | 46.5× | 10.1% | +11.5% |
| Saab SAAB-B.ST | Sweden | $33.3B | +19% | +28% | 10% | 40.2× | 6.0% | +17.4% |
| Hindustan Aeronautics HAL.NS | India | $35.2B | +4% | +7% | 23% | 33.6× | 42.7% | +7.2% |