Hong Kong Stock Surge | AVICHINA (02357) Rises Over 7% in Early Trading as "Purple Fire" Concept Aircraft Unveiled at Helicopter Expo, with Business Across Aviation Industry Chain

Stock News

Oct 24

AVICHINA (02357) has seen its shares rise over 7% in early trading, with a current increase of 5.67%, priced at HKD 4.29, with a trading volume of HKD 151 million. The rise follows the opening of the 7th China Tianjin International Helicopter Expo on October 16. This year’s expo, themed “Open Innovation, Integrated Development, Cultivating New Productive Forces,” focuses on the full helicopter industry chain and low-altitude industry development. AVICHINA, along with AVIC Helicopter Company, debuted its sci-fi IP “Purple Fire” future concept aircraft, signing multiple cooperation agreements aimed at empowering high-quality development in the low-altitude industry. Public data indicates that AVICHINA is the only aviation high-tech military and civilian general products and service flagship company in the Hong Kong capital market. It holds controlling shares in four A-share listed companies: AVIC Helicopter, Hongdu Aviation, AVIC Electronics, and AVIC Optoelectronics. Its primary business includes helicopters, trainer aircraft, general aviation aircraft, onboard systems and aviation components, as well as aviation engineering services. The company is also actively exploring low-altitude economic application scenarios and accelerating the conversion and application of technology for high-speed electric vertical take-off and landing aircraft.

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