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China Aircraft Leasing’s Subsidiary Reports 2024 Financial Results

Story Highlights
  • China Aircraft Leasing’s subsidiary CALC (Tianjin) reported RMB42,120 million in total assets for 2024.
  • CALC (Tianjin) expanded its fleet with three new aircraft, achieving RMB547 million net profit.
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China Aircraft Leasing’s Subsidiary Reports 2024 Financial Results

China Aircraft Leasing Group Holdings ( (HK:1848) ) has issued an announcement.

China Aircraft Leasing Group Holdings Limited announced the preliminary financial results for its subsidiary, CALC (Tianjin), for the year ending December 31, 2024. CALC (Tianjin) reported total assets of approximately RMB42,120 million, operating income of RMB3,379 million, and a net profit of RMB547 million. During the review year, the subsidiary expanded its fleet by adding three new aircraft. The financial information, prepared under PRC Generally Accepted Accounting Principles, differs from the Group’s consolidated financial statements under Hong Kong Financial Reporting Standards and does not fully represent the Group’s overall operations.

More about China Aircraft Leasing Group Holdings

China Aircraft Leasing Group Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the aircraft leasing industry. Its wholly-owned subsidiary, China Asset Leasing Company Limited (CALC (Tianjin)), operates in the People’s Republic of China, focusing on expanding its fleet of premium aircraft.

YTD Price Performance: 5.29%

Average Trading Volume: 458,128

Technical Sentiment Signal: Sell

Current Market Cap: HK$2.75B

See more insights into 1848 stock on TipRanks’ Stock Analysis page.

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