According to the 2021 annual report released by AVIC on March 30, the company’s operating revenue and parent net profit in 2021 reached a record high since its listing, and the main economic indicators maintained double-digit growth. The annual operating revenue reached 60.296 billion yuan, breaking the 60 billion yuan mark for the first time, with a year-on-year increase of 18.39%; The net profit attributable to the parent company reached a new high of 2.369 billion yuan, a year-on-year increase of 22.56%.
According to the annual report of 2021, the company’s aviation revenue continued to grow and exceeded 20 billion yuan for the first time; Aviation supporting systems and related businesses benefited from the rapid growth of avionics business, and the revenue increased significantly by 30% year-on-year to 33.18 billion yuan.
Statistics show that AVIC has a complete industrial chain integrating aviation equipment design, R & D, manufacturing and supporting services. In addition, the company adheres to independent R & D as the main line and increases investment in innovative R & D year by year. In 2021, the R & D investment was 3.452 billion yuan, a year-on-year increase of 14.99%. In terms of scientific and technological innovation, AVIC planning, a wholly-owned subsidiary of the company, won 58 awards including China Patent Award and national defense science and technology award throughout the year; The subsidiary Avic Jonhon Optronic Technology Co.Ltd(002179) vigorously promoted the “leading innovation project”. The annual R & D investment accounted for 10.47% of the sales revenue, and a total of 12 scientific and technological achievements were rewarded. The ability of intellectual property management has been continuously improved. In 2021, 1288 patents were issued, with a year-on-year increase of 30.89%.
It is worth noting that AVIC proposed to further enhance the company’s hard science and technology strength for the first time in its annual report.
