AVIC Aero-Engine Technology announced that Chairman Cong Chunyi submitted his resignation due to work adjustments, ending his term about 11 months early. A company securities department source said the departure was arranged by Aero Engine Corporation of China, and Cong will be reassigned. Cong had been at the helm since March 2022. In 2025, the company achieved revenue of 4.323 billion yuan, up 12.27 percent year-on-year, but net profit attributable to the parent fell 11.51 percent to 60.877 million yuan, reflecting higher revenue without higher profit. In the first quarter of 2026, revenue was 721 million yuan, down 4.65 percent year-on-year, and net profit attributable to the parent swung from profit to a loss of 11.3477 million yuan, which the company attributed mainly to the appreciation of the renminbi. AVIC Aero-Engine Technology has set a 2026 revenue target of 4.553 billion yuan. The new chairman has yet to be named, and the market is watching whether the company can meet this target amid exchange rate fluctuations and pressure on domestic trade deliveries.
AECC Aero Science and Technology Co LtdChairman resignation and weak Q1 loss amid FX headwinds pressure leadership and financial performance.
