AviChina Industry & Technology Company Limited (“AviChina”) was established in Beijing, the PRC on 30 April 2003 with a registered capital of RMB4.6 billion. AviChina has been listed on the main board of the Stock Exchange of Hong Kong Limited since 30 October 2003. Its principle shareholders include Aviation Industry Corporation of China (“AVIC”), European Aeronautic Defence and Space Company (“EADS”), China Hua Rong Asset Management Corporation, China Cinda Asset Management Corporation and China Orient Asset Management Corporation. AviChina had total assets of about RMB35 billion, share capital of RMB5.474 billion and issued H shares 2.356 billion.
EADS is a strategic partner of AviChina and holds 5.02% equity interests in AviChina.
AviChina’s main aviation products include helicopters, trainers, general-purpose aircraft, aero-parts and components, avionics and electrical products and accessories. Our helicopter products comprise Z8 series, Z9 series, Z11 series, H425s and HC120s. We have cooperated with Eurocopter, Agusta and Sikorsky to manufacture helicopter models EC120 series, CA109 series and parts and components of S92 series, respectively. AviChina is also a leading manufacturer of trainers and general-purpose aircraft in China. We produce L15 advanced trainers, K8 series trainers, CJ6 primary trainers, Y12 series transportation aircraft and N5 agricultural and forestry aircraft. The main R&D and production bases of AviChina are located in Harbin, Nanchang and Jingdezhen. AviChina has widely collaborated with world leading aviation manufacturers. We jointly produce Legacy executive series jets with Embraer-Empresa Brasileira de Aeronautica S.A.; Our cooperation with Airbus includes: A320 series aircraft final assembly line set up in Tianjin, our investment accounting for 20% in the Chinese Consortium’s investment; and Hafei Airbus Composite Manufacturing Center, in which AviChina holds 20% equity interests in total.
With supports from AVIC, AviChina will continuously upgrade its technologies and management through international cooperation, and enlarge its capital and market value by operations in overseas capital markets and is heading for AVIC’s flagship manufacturer with a completed value chain for civil aviation products as well as a platform for overseas financing, merger and acquisition.
AviChina will stick to the idea as “dedication, honest, innovation and exceeding”, continue to improve its management system and supervision, enhance management and standardize operations, promote efficiency so as to return to our shareholders and the society.
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