AVICHINA (HKG:2357) saw its stock price plummet 5.16% during intraday trading on Monday, following the release of its disappointing Full Year 2024 financial results. The aviation company's performance fell short of analyst expectations, with both revenue and earnings per share missing estimates.

According to the company's filing with the Hong Kong Stock Exchange, AVICHINA's net profit attributable to owners in 2024 fell 11% to 2.19 billion yuan, down from 2.45 billion yuan in the previous year. Earnings per share dropped to 0.274 yuan from 0.311 yuan year-on-year, representing a 20% miss compared to analyst estimates. While revenue showed a modest increase of 2.6% to nearly 87 billion yuan, it still fell short of expectations by 7.2%.

The company's profit margin declined from 2.9% in 2023 to 2.5% in 2024, primarily due to higher expenses. Despite the disappointing results, AVICHINA's board of directors recommended a dividend of 0.081 yuan per share, to be paid on or before June 25 to shareholders registered by May 30. Investors will be closely watching the company's performance in the coming quarters, as revenue is forecast to grow 16% per annum on average during the next two years, compared to a 20% growth forecast for the Aerospace & Defense industry in Asia.