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AVIC subsidiary developing unmanned aerial systems (military and civil drones) as part of China's state aircraft-manufacturing group.
AVIC subsidiary developing unmanned aerial systems (military and civil drones) as part of China's state aircraft-manufacturing group.
In one line: A Chinese state-owned military/civil drone maker.
Moat: narrow (regulatory licence, IP / patents). State-controlled defense-aircraft licensing under the AVIC group limits competition to approved state contractors.
Headquarters: Chengdu, China · Employees: 732
Size Avic (Chengdu) UAS (688297.SS) is a China Industrials company (Aerospace & Defense) with a market value of $3.93B, the 653rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥38.82 on 6 Nov 2026.
Performance Over six months the shares fell 15.5%, against -13.0% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 74.2% over the last twelve months (peer median +1.9%); the operating margin is -0.4% (peer median 4.4%).
Valuation It trades at 106.5× forward earnings against a peer median of 29.9× (2nd most expensive of 17).
Capital Return on invested capital runs 5.0 points below its cost of capital (6.3% WACC).
Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.25B | CN¥3.02B | CN¥685M | CN¥2.65B | CN¥2.76B |
| Revenue growth | — | +340% | -74% | -4% | — |
| Gross profit | CN¥428M | CN¥317M | CN¥209M | CN¥481M | CN¥650M |
| EBITDA | n/a | CN¥67.0M | -CN¥104M | CN¥279M | CN¥430M |
| Net income | CN¥117M | CN¥88.6M | -CN¥53.9M | CN¥303M | CN¥370M |
| Free cash flow | -CN¥37.2M | -CN¥1.48B | CN¥76.0M | CN¥32.5M | CN¥334M |
| Capital expenditure | CN¥112M | CN¥120M | CN¥64.0M | CN¥107M | CN¥44.2M |
| Total debt | CN¥580M | CN¥1.11B | CN¥713M | CN¥204M | CN¥77.5M |
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 (Chengdu) UAS 688297.SS | $3.93B | -15% | +74% | 0% | 106.5× | n/a |
| Aerospace CH UAV 002389.SZ | $2.64B | -17% | +3% | 0% | 54.9× | n/a |
| Chengdu Jouav Automation Tech 688070.SS | $399M | -34% | +5% | 2% | 17.6× | n/a |
| AeroVironment AVAV | $5.73B | -33% | +84% | 1% | 33.5× | n/a |
| Kratos Defense & Security Solutions KTOS | $6.59B | -39% | +26% | 2% | 36.4× | 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 | 688297.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.6% | +0.4% | 2nd lowest of 21 |
| 6-month return | -15.5% | -13.0% | 9th lowest of 21 |
| Distance from 52-week high | -40.6% | -39.0% | 9th lowest of 21 |
| Revenue growth (TTM) | +74.2% | +1.9% | 3rd highest of 20 |
| Operating margin | -0.4% | 4.4% | 4th lowest of 21 |
| Forward P/E | 106.5× | 29.9× | 2nd most expensive of 17 |
| ROIC minus cost of capital | -5.0 pp | -2.8 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Avic (Chengdu) UAS 688297.SS | China | $3.93B | -15% | +74% | 0% | 106.5× | n/a | n/a |
| RENK R3NK.DE | Germany | $3.84B | -24% | +11% | 13% | 21.1× | 29.8% | +54.5% |
| Jiangxi Hongdu Aviation Industry 600316.SS | China | $3.77B | -4% | +62% | 0% | 121.0× | 53.4% | +8.0% |
| Bharat Dynamics BDL.NS | India | $4.12B | -28% | -19% | 10% | 47.2× | n/a | n/a |
| AECC Aero-engine Control 000738.SZ | China | $3.66B | -10% | -3% | 3% | 64.0× | 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% |
| Aar AIR | United States | $4.39B | -7% | +22% | 9% | 18.4× | 13.2% | +14.9% |
| 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 |
| Mercury Systems MRCY | United States | $4.48B | -19% | +8% | 2% | 44.2× | 59.6% | +1.3% |
| 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% |
| 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 |
| Nanchang Sanrui Intelligence Technology 301696.SZ | China | $4.87B | -14% | +29% | 45% | n/a | 36.1% | +43.7% |
| AviChina Industry & Technology 2357.HK | Hong Kong | $3.11B | -13% | +2% | 5% | 8.1× | n/a | n/a |
| 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 |
| North Industries Group Red Arrow 000519.SZ | China | $2.88B | -22% | +100% | 1% | 57.5× | 23.0% | +7.5% |
| Glarun Technology 600562.SS | China | $5.43B | +6% | -8% | 21% | 51.7× | n/a | n/a |