CIRRUS Shares Surge Over 5% in Morning Session on Strong Order Book and Promising New Model Outlook

Stock News
Apr 02

CIRRUS (02507) saw its shares rise more than 5% before the midday break. At the time of writing, the stock was up 4.31%, trading at HK$38.28, with a turnover of HK$57.90 million. On the news front, CIRRUS Aircraft recently released its annual results, reporting total annual revenue of $1.35 billion, a 13.1% year-on-year increase. Net profit reached $139 million, with both figures hitting record highs. Following a surge in order demand after the release of the G7+ model, the company maintained a strong order reserve during a year of record deliveries. The number of orders and bookings increased by 728 aircraft, up by 95 aircraft compared to the previous year. Guotai Haitong Securities issued a research note stating that the company's revenue and profit are expected to see steady growth in 2025, supported by a full order book, with market feedback on new models scheduled for 2026 being highly anticipated. The brokerage believes that, benefiting from the continuous launch of new models with higher pricing and added value, the company's future demand is likely to remain robust. Furthermore, it is anticipated that as the company's aircraft fleet continues to expand and its service business diversifies, there is significant potential for growth in its service-related operations going forward.

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