AviChina Industry and Technology Co., Ltd.
AviChina Industry & Technology Co., Ltd. (AviChina) is a manufacturer of civil aviation and automobile products. AviChina principally develops, manufactures and sells civil aviation products including: helicopters, general purpose aircraft, trainers, agricultural aeroplanes, regional jets, and multi-purpose aeroplanes for domestic and overseas customers. The company is also engaged in the development, manufacture and sale of mini-sized vehicles, economy sedans, multi-purpose vehicles and vehicle engines. In addition, the company co-develops and manufactures helicopters with foreign helicopter manufacturers. AviChina also manufactures aero and automobile parts and components, and large-scale wind power generation equipment. The company principally operates in China. AviChina is headquartered at Dongcheng District in Beijing, China.The company reported revenues of (Renminbi) CNY 16,384.88 million during the fiscal year ended December 2008, a decrease of 0.94% from 2007. The operating loss of the company was CNY 393.97 million during the fiscal year 2008, as compared to an operating loss of CNY 524.00 million during 2007. The net loss of the company was CNY 1,156.61 million during the fiscal year 2008, as compared to a net loss of CNY 1,026.23 million during 2007.