Xi'an Aircraft Int'l Corp. net profit up 9% last year
Net profit of Xi'an Aircraft International Corporation (XAIC), a China-based aircraft maker and components supplier, rose 9.47 percent year on year to hit 345.56 million yuan (about 52.36 million U.S. dollars) last year, the company announced Tuesday.
Total business revenue reached 10.53 billion yuan, up 28.09 percent year on year, the company said in its annual business report filed with the Shenzhen Stock Exchange.
Earnings per share stood at 0.14 yuan in 2010, up 9.5 percent year on year, the Shenzhen-listed company said in the report.
Total assets of XAIC hit 20.2 billion yuan by the end of 2010, up 18.64 percent compared to the same period last year, according to the report.
The aircraft maker delivered China's first new-generation homegrown short haul passenger aircraft, Xinzhou-600, in December last year. The model, designed for a maximum 2,450-km flying distance, can carry 50 to 60 passengers.
XAIC said in the report it was now developing its newest model, the Xinzhou-700.
Shares of XAIC opened slightly higher Tuesday, but traded 0.62 percent down to 12.8 yuan when the stock market ended its morning trading session.
