Continental Aerospace Technologies Holding Limited (the "Company") (formerly known as AVIC International Holding (HK) Limited), a company listed on the main board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (Stock Code: 232). The Company and its subsidiaries (the "Group") focus on the general aviation aircraft piston engine business, which is engaged in the design, development and production of general aviation aircraft piston engines and spare parts as well as the provision of aftermarket services and support for piston engines.
Major shareholders
Direct controlling shareholder
AVIC International Holding Corporation ("AVIC Int'l Corp"), a major state-owned company, is a key player in China's aviation industry. AVIC Int'l Corp generates billions of US dollars in international trade each year and its substantial investments in China's aviation industry contribute over ten billion dollars to the Nation through profits tax.
Indirect interested shareholder
AVIC Int'l Corp is 91.14% owned by Aviation Industry Corporation of China ("AVIC") which dominates China's aviation industry. AVIC manufactures tens of thousands of military and civilian aircrafts, and makes significant contributions to the other areas of Nation's economic development with the use of aero-technologies.
Outlook
It is our strategy to provide customers with premium products and services. Nevertheless, we also face problems such as fragile supply chains and high absenteeism rate as many other companies do, and such situation will continue until a greater base of the general population are vaccinated. Our global research and development team has developed several projects for the product lines of both avgas and jet fuel, and the current progress of all these projects are in line with our expectation. From 2021 onwards, we will strive to become the best choice for customers through constant innovation. Besides, by putting the new plant into operation, we hope to create a safe, innovative, and efficient workplace so as to further promote the steady growth of the Group.
updated 16th July, 2021
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