Summary by Moomoo AI
Cirrus Aircraft announced its fiscal year 2024 performance, with revenue up 12.1% year-on-year to $1.197 billion, and net profit significantly increased by 32.5% year-on-year to $0.1207 billion. The gross margin rose from 34.2% in the same period last year to 34.5%, and cash and cash equivalents increased to $0.3918 billion, with short-term deposits at $0.103 billion.The company successfully listed on the Hong Kong Stock Exchange on July 12, 2024, with net proceeds from the global offering reaching $0.1878 billion. Currently, it has major manufacturing facilities in Duluth, Fargo, and Knoxville in the USA, with operations in over 60 countries, maintaining strong partnerships with major suppliers such as Continental Aerospace Technologies.The company continues to invest in R&D and product innovation, focusing on expanding its service network and maintenance capabilities. The management implements comprehensive product liability Insurance coverage, strengthens the Control System, and establishes a standard warranty system for 2-3 years. At the same time, the company emphasizes enhancing ESG performance, demonstrating a solid foundation for sustainable growth in the Aviation industry.
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