China Stocks End on High Note Following Softer Trump Stance, Equities Upgrade

AVIC Xi'an Aircraft Chairman Wu Zhipeng resigned, effective Wednesday, according to a Thursday filing with the Shenzhen bourse.

The aircraft company has not yet named Wu's successor.

AVIC Xi'an Aircraft Industry's net profit attributable to shareholders in the first quarter rose 6% to 288.8 million yuan from 272.5 million yuan a year earlier, according to a Shenzhen Stock Exchange disclosure on Wednesday.

Earnings per share increased 5.8% year on year to 0.1041 yuan from 0.0984 yuan.

The Chinese state-owned aircraft and car parts maker's operating income in the same period was almost unchanged at 8.44 billion yuan from 8.46 billion yuan in the prior year, the disclosure said.

AVIC Xi'an Aircraft Industry's net profit attributable to shareholders in the first quarter rose 6% to 288.8 million yuan from 272.5 million yuan a year earlier, according to a Shenzhen Stock Exchange disclosure on Wednesday.

Earnings per share increased 5.8% year on year to 0.1041 yuan from 0.0984 yuan.

The Chinese state-owned aircraft and car parts maker's operating income in the same period was almost unchanged at 8.44 billion yuan from 8.46 billion yuan in the prior year, the disclosure said.

AVIC Xi'an Aircraft Industry's attributable profit rose 19% to 1.02 billion yuan in 2024 from 861 million yuan in 2023, according to a Tuseday filing with the Shenzhen bourse.

Earnings per share at the state-owned aircraft and car parts maker increased 19% to 0.3691 yuan from 0.3105 yuan in the previous year.

Operating income grew 7.2% to 43.2 billion yuan from 40.3 billion yuan a year earlier.

Shares jumped 4% during Tuesday's afternoon trading.

AVIC Xi'an Aircraft Industry forecasts its attributable profit to rise 15% to 25% to between 990 million yuan and 1.08 billion yuan in 2024 from about 861 million yuan in 2023, according to a Thursday filing with the Shenzhen Stock Exchange.

Earnings per share are seen to increase to between 0.3571 yuan and 0.3882 yuan from 0.3105 yuan in the year-ago period.

The foreseen rise is attributable to cost controls and enhanced core functions, among other factors, the filing said.

AVIC Xi'an Aircraft Industry forecasts its attributable profit to rise 15% to 25% to between 990 million yuan and 1.08 billion yuan in 2024 from about 861 million yuan in 2023, according to a Thursday filing with the Shenzhen Stock Exchange.

Earnings per share are seen to increase to between 0.3571 yuan and 0.3882 yuan from 0.3105 yuan in the year-ago period.

The foreseen rise is attributable to cost controls and enhanced core functions, among other factors, the filing said.