Bef Introduction

Hefei Jianghang aircraft equipment Co., Ltd. is a large civil military integration technology innovation enterprise, which belongs to the airborne equipment sector of China Aviation Industry Group Co., Ltd. In 2007, the company was reorganized and integrated by the aviation oxygen supply and aircraft drop fuel tank R & D and production specialization companies which were established in the 1960s. In 2019, a joint stock limited company was established with a registered capital of 404 million yuan and more than 1300 employees.

Our main products include aviation oxygen system, airborne fuel tank inerting protection system, aircraft drop fuel tank, aviation oxygen ground equipment, environmental control products of aerospace life support system and special refrigeration products for military and civil use.

Over the past 60 years, the company has become a professional R&D and manufacturing base for aviation oxygen system and inert protection system of airborne fuel tank, the largest manufacturer of aircraft drop tank and a leading manufacturer of special military refrigeration equipment in China. It has many qualifications such as military scientific research and production quality confidentiality. It has won more than 60 science and technology achievement awards at national level, provincial and ministerial level, prefecture level and municipal level. It has been recognized as a national high-tech enterprise, a national enterprise technology center, a provincial-level innovative enterprise, and a joint demonstration enterprise of industry-university-research cooperation by the relevant departments of the state and Anhui Province.

The company's unremitting technology accumulation and innovation has formed a series of scientific research management achievements. 480 authorized patents have been obtained, including 175 invention patents. More than 60 standards have been published, including 16 national standards and 4 national military standards. At present, it has 20 core technologies. Among them, airborne molecular sieve oxygen production technology, oxygen regulation technology, aviation oxygen supply and anti-G integrated technology, extravehicular space suit temperature control oxygen supply regulation system technology, military armored air-conditioning environment adaptability technology and many other technologies have reached the domestic leading, international advanced or international leading level.

Company Overview

Full name Hefei Jianghang Aircraft Equipment Co.,Ltd.
Abbreviations Jianghang Equipment
Code 688586
Founded 2007-12-28
Listing 2020-07-31
Domicile Hefei City, Anhui Province
STAR Theme High-end Equipment
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.56 0.37 /
R&D expenditure as a % of operating revenue 6.15% 3.75% 4.15%
Operating Revenue 831.00 674.50 661.00
Net Income 193.88 113.17 71.10

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 831.00 674.50 661.00
Operating Costs 673.95 561.51 601.07
Operating Income 209.51 131.50 73.45
Pretax Income 215.17 127.55 72.23
Income Tax 21.29 14.37 1.13
Net Income 193.88 113.17 71.10

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 2,284.41 1,092.08 1,134.05
Non-current Assets-Total 702.65 704.68 723.84
Total Assets 2,987.06 1,796.76 1,857.89
Current Liabilities-Total 611.01 530.08 634.97
Non-current Liabilities-Total 445.93 462.34 524.13
Total Liabilities 1,056.94 992.42 1,159.09
Stockholder's Equity
Share Capital 1629.09 693.63 561.70
Retained Profits 301.03 90.01 120.79
Total Owners' Equity 1,930.12 804.35 698.80

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 213.09 89.56 -13.72
Net Cash Flows-Investing -122.60 -35.97 -46.47
Net Cash Flows-Financing 925.15 -44.26 -21.31

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
AVIC airborne Systems Co., Ltd 165.601 41.02%
AVIC Aviation Industry Investment Co., Ltd 57.20 14.17%
Guoxin Capital Co., Ltd 24.89 6.16%
宁波梅山保税港区浩蓝鹰击投资管理中心(有限合伙) 14.59 3.61%
Jiangxi Military Industry Holding Co., Ltd 13.26 3.28%
中兵宏慕(宁波)股权投资合伙企业(有限合伙) 13.26 3.28%
共青城航向投资管理合伙企业(有限合伙) 4.80 1.19%
共青城航创投资管理合伙企业(有限合伙) 4.60 1.14%
共青城航仕投资管理合伙企业(有限合伙) 4.60 1.14%
AVIC SECURITIES Investment Co., Ltd. 4.04 1.00%
CITIC Securities Investment Co., Ltd. 4.04 1.00%
As of 2020-12-31

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