Stock code: 688563 Stock abbreviation: Aviation Materials Co., Ltd

Beijing Institute of Aeronautical Materials Co., Ltd

Q3 2024 Report

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or material omission in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Important Content Notes:

The Board of Directors, the Board of Supervisors, the directors, supervisors and senior management of the Company guarantee that the contents of the quarterly report are true, accurate and complete, and that there are no false records, misleading statements or material omissions, and bear individual and joint legal liability.

The person in charge of the company, the person in charge of accounting and the person in charge of the accounting institution (accounting supervisor) shall ensure the truthfulness, accuracy and completeness of the financial information in the quarterly report.

Whether the third quarter financial statements are audited

□ Yes √ No

Matters on which the auditor issues a non-standard opinion

□ Applicable √ Not applicable

1. Key financial data

(i) Key accounting data and financial indicators

Unit: Yuan Currency: RMB

This reporting period is more than the beginning of the year

The year-on-year increase was compared with the end of the period

Item Current reporting period minus change from beginning of the year to the end of the reporting period Same period last year

(%) Change

Magnitude (%)

Operating income 686,595,420.78 -21.68 2,196,144,667.20 0.06

Attributable to shareholders of listed companies 124,885,789.22 -39.69 435,972,324.76 -13.31

net profit

attributable to shareholders of listed companies

109,768,342.31 -46.99 381,984,658.23 -24.13

net profit

Cash from operating activities N/A N/A -343,149,030.75 -875.73

Net traffic

Basic earnings per share (RMB/0.28 -42.86 0.97 -26.52.)

shares)

Diluted earnings per share (RMB/0.28 -42.86 0.97 -26.52.)

shares)

Weighted average return on equity was 1.24 decreased by 1.49 and 4.30 decreased by 7.19

Rate (%) percentage points

Total R&D investment 70,647,742.68 24.14 173,539,018.20 15.10

R&D investment accounted for 10.28 of operating income, an increase of 3.79 and 7.90, an increase of 1.03

Percentage (%) percentage points

This reporting period

The end of the previous year

At the end of the reporting period, the end of the previous year was increased or decreased

Magnitude of change

(%)

Total assets 11,586,312,757.31 11,503,750,067.45 0.72

Attributable to shareholders of listed companies 10,217,158,562.34 10,013,075,609.85 2.04

Owner's interest

Note: "The reporting period" refers to the period from the beginning of the quarter to the end of the quarter for 3 months, the same below.

(ii) Items and amounts of non-recurring gains and losses

√ Applicable □ Not applicable

Unit: Yuan Currency: RMB

Non-recurring profit and loss items Amount for the period From the beginning of the year to the reporting period Description

The last amount

Gains and losses on disposal of illiquid assets, including accrued assets

The reversal portion of the impairment provision

Government subsidies included in the current profit and loss, but normal with the company

The business is closely related to the national policy provisions, 1,938.82 3,001,938.82

In accordance with the determined standards, the company's profit and loss is held

Except for government grants that continue to be affected

Except for effective hedging in connection with the normal course of the Company's business

In addition to the value business, non-financial enterprises held financial assets and gold 17,950,296.98 60,698,662.59

Fair value change gains and losses arising from financing liabilities and disposal

Gains and losses on financial assets and financial liabilities

Funds collected from non-financial enterprises through profit or loss for the current period

Occupancy fee

Profit or loss on entrusting others to invest or manage assets

Profit or loss from external entrusted loans

Caused by force majeure factors, such as natural disasters

loss of assets

The provision for impairment of receivables that was tested separately for impairment was transferred to 709,176.40

return

Enterprises acquire subsidiaries, associates and joint ventures

The cost of the investment is less than that of the investment acquired

Gain from fair value of identifiable net assets

Subsidiaries resulting from a business combination under the same control arrive at the beginning of the period

Net profit or loss for the period on the date of consolidation

Gains or losses on the exchange of non-monetary assets

Debt restructuring gains and losses

A occurrence of the enterprise due to the cessation of the relevant business activities

Secondary expenses, such as expenses for the placement of employees, etc

Due to the adjustment of tax, accounting and other laws and regulations

One-time impact of profit or loss

It is confirmed at one time due to the cancellation or modification of the equity incentive plan

Share-based payment fees

For cash-settled share-based payments, on the vesting date

, resulting from changes in the fair value of employee remuneration payable

Income

The investability of subsequent measurement using the fair value model

Gains or losses arising from changes in the fair value of real estate

Proceeds from transactions where the price of the transaction is clearly unfair

Contingencies unrelated to the normal operation of the company's business

profit and loss

Custody fee income obtained from entrusted operations

Other non-operating income and expenses other than the above items -103,219.88 -840,504.93

Other profit and loss items that meet the definition of non-recurring profit or loss 240,071.05

Less: Income tax impact 2,731,569.01 9,821,677.40

Impact of Minority Interest (After-Tax)

Total 15,117,446.91 53,987,666.53

The reasons should be explained for the company to identify the items not listed in the Explanatory Announcement No. 1 on Information Disclosure of Companies Offering Securities to the Public as non-recurring profit and loss items and the amount is significant, and the non-recurring profit and loss items listed in the Explanatory Announcement on Information Disclosure of Companies Offering Securities to the Public No. 1 - Extraordinary Profit and Loss as recurring profit and loss, the reasons should be explained.

□ Applicable √ Not applicable

(3) The circumstances and reasons for changes in the main accounting data and financial indicators

√ Applicable □ Not applicable

Project Name Percentage of Change Main Reason

（%）

Net profit attributable to shareholders of listed companies_ -39.69 Mainly due to the year-on-year decrease in operating income in the reporting period

Changes in the structure of the reporting period, with a decrease in gross profit; R&D investment increased year-on-year.

Deduction attributable to shareholders of listed companies is not -46.99 as above.

Net profit from recurring gains and losses_Current reporting period

It is mainly due to the expansion of business scale and investment from the beginning of the year to the end of the reporting period

Net cash flow from operating activities_ -875.73 Increase, high pressure on collection, and increase in payment of notes payable due to maturity

From the beginning of the year to the end of the reporting period, cash for the purchase of goods and payment for labor services increased year-on-year

Add.

It mainly refers to the net profit attributable to shareholders of listed companies in the reporting period

Basic earnings per share_ -42.86 in the reporting period decreased by 39.69% year-on-year, and the company made it public in July 2023

The city issued shares, and the number of shares increased.

Diluted earnings per share_ -42.86 Same as above.

It is mainly attributable to shareholders of listed companies from the beginning of the year to the end of the reporting period

Weighted average return on equity decreased by 7.19 year-on-year Net profit decreased by 13.31% year-on-year, July 2023

At the end of the reporting period, the percentage points of listed shares were opened, and the number of shares increased, weighted average

Net assets increased year-on-year.

2. Shareholder information

(1) The total number of ordinary shareholders and the number of preferred shareholders whose voting rights have been restored, and the shareholding status of the top 10 shareholders

Unit: shares

Shareholders of common shares at the end of the reporting period 24,797 Preferential reinstatement of voting rights at the end of the reporting period Not applicable

Total Total number of first shareholders (if any)

Shareholdings of the top 10 shareholders (excluding shares lent through refinancing)

Pledge, target

Holdings, holdings, limited sales, including refinancing, recording or freezing

Name of shareholder Shareholder Number of shares held Proportion Number of conditional shares Shares lent to the situation

Nature (%) Number of restricted shares Number of shares

Quantity Status Quantity

AECC Beijing Aviation Materials State-owned 2,706,120,60 60.14 270,612,608 270,612,608 N/A 0

Material Research Institute Legal Person 8

AECC Asset Management has State-owned 38,130,449 8.47 38,130,449 38,130,449 N/A 0

Limited to corporate legal persons

Zhenjiang High-tech Venture Capital has state-owned 7,120,015 1.58 0 0 None 0

Limited to corporate legal persons

China Merchants Bank Co., Ltd

Division-ChinaAMC SSE Science and Technology Innovation Board Other 6,876,721 1.53 0 0 N/A 0

50 Component Trading Open

index securities investment funds

China Construction Bank shares

Limited company-E Fund Defense Other 6,004,808 1.33 0 0 None 0

Military-industrial mixed securities investment

funds

domestic

CITIC Securities Investment Co., Ltd. 4,798,777 1.07 1,800,000 1,800,000 N/A 0

There is a law

person

Komsomolsk Aviation Materials No. 2 Investment in China

Partnership (Limited Contract: African 4,772,595 1.06 4,772,595 4,772,595 N/A 0

There is a law

person

Agricultural Bank of China shares

Limited Company - Southern Military Industry Reform Other 4,590,838 1.02 0 0 None 0

Leather flexible configuration hybrid type certificate

Bond investment funds

Industrial and Commercial Bank of China shares

Limited to the company-E Fund SSE

STAR Market 50 Constituent Trading Others 4,241,183 0.94 0 0 None 0

open-ended index securities investment

funds

Gongqingcheng Aviation Investment Rongfu Excellent Materials in the territory

Equity Investment Partnership Non-State 4,201,460 0.93 0 0 N/A 0

(Limited Partnership) There is a law

person

Shareholdings of the top 10 unrestricted shareholders (excluding shares lent through refinancing)

Name of shareholder Number of unrestricted tradable shares held Type and number of shares

Volume Class of shares Number of shares

Zhenjiang High-tech Venture Capital has 7,120,015 RMB ordinary shares and 7,120,015 ordinary shares

Limited to companies

China Merchants Bank Co., Ltd

Division - ChinaAMC SSE Science and Technology Innovation Board 6,876,721 RMB ordinary shares 6,876,721

50 Component Trading Open

index securities investment funds

China Construction Bank shares

Company Limited-E Fund Defense 6,004,808 RMB ordinary shares 6,004,808

Military-industrial mixed securities investment

funds

Agricultural Bank of China shares

Limited Company - Southern Military Industry Reform 4,590,838 RMB ordinary shares 4,590,838

Leather flexible configuration hybrid type certificate

Bond investment funds

Industrial and Commercial Bank of China shares

Limited to the company-E Fund SSE

STAR Market 50 constituent trading 4,241,183 RMB ordinary shares 4,241,183

open-ended index securities investment

funds

Gongqingcheng Aviation Investment is rich in excellent materials

Equity Investment Partnership 4,201,460 RMB ordinary shares 4,201,460

(Limited Partnership)

The National Industrial Investment Fund has 4,059,898 RMB ordinary shares and 4,059,898 ordinary shares

Limited liability company

Transformation and upgrading of the national manufacturing industry 2,998,777 RMB ordinary shares 2,998,777

Fund Co., Ltd

CRRC Guochuang (Beijing) private

Fund Management Co., Ltd

-Beijing Huayu Guochuang equity 2,686,617 RMB ordinary shares 2,686,617

Investment Fund Partnerships

(Limited Partnership)

Industrial and Commercial Bank of China shares

Limited Company - Phu Quoc Military Industrialist 2,548,889 RMB ordinary shares 2,548,889

Question hybrid securities investment base

gold

The above-mentioned shareholder affiliation or AECC Asset Management Co., Ltd. is a consistent affiliate of AECC Beijing Institute of Aeronautical Materials

The illustration of concerted action is moving. The Company is not aware of any affiliation or concerted action relationship among the remaining shareholders.

Top 10 shareholders and top 10

Participation of unrestricted shareholders is not applicable

Securities lending and refinancing business

Explanation of the situation (if any)

Shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10 shareholders of unrestricted tradable shares participate in the lending of shares in the refinancing business

□ Applicable √ Not applicable

The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared to the previous period due to the refinancing loan/repayment

□ Applicable √ Not applicable

3. Other reminders

Other important information about the company's operations in the reporting period that investors need to be reminded of

□ Applicable √ Not applicable

Quarterly financial statements

(i) Type of audit opinion

□ Applicable √ Not applicable

(ii) Financial statements

Consolidated balance sheet

September 30, 2024

Prepared by: Beijing Institute of Aeronautical Materials Co., Ltd

Unit: Yuan Currency: RMB Audit Type: Unaudited

Project September 30, 2024 December 31, 2023

Liquid asset:

Monetary funds 3,494,320,881.74 4,081,582,564.05

Settlement Provisions

Lending funds

Tradable financial assets 2,598,106,913.90 2,608,627,287.67

Derivative financial assets

Notes receivable 325,268,883.46 746,054,150.27

Accounts receivable 2,092,180,157.17 982,417,265.28

Receivables financing 59,651,625.33 39,595,129.80

Prepayments 34,106,896.27 42,820,492.09

Premiums receivable

Reinsurance receivables

Reserve for reinsurance contracts receivable

Other receivables 1,944,374.80 1,808,758.80

Where: interest receivable

Dividends receivable

Buy and sell back financial assets

Inventories 1,204,006,901.65 1,244,381,339.75

Where: data resources

Contract Assets

Assets held for sale

Non-current assets that mature within one year

Other current assets 1,088,690,440.53 1,128,515,037.20

Total current assets 10,898,277,074.85 10,875,802,024.91

Non-current assets:

Loans and advances are issued

Debt investment

Other debt investments

Long-term receivables

Long-term equity investment

Investments in other equity instruments

Other non-current financial assets

Investment properties 14,207,401.38 15,367,423.46

Fixed assets 202,204,553.24 217,372,960.87

Construction in progress 163,316,603.54 107,762,451.56

Productive biological assets

Oil and gas assets

Right-of-use assets 118,252,367.56 82,829,271.27

Intangible assets 124,328,616.18 153,050,395.33

Where: data resources

Development expenditures

Where: data resources

goodwill

Long-term amortized expenses

Deferred income tax assets 46,140,900.44 37,571,694.05

Other non-current assets 19,585,240.12 13,993,846.00

Total non-current assets 688,035,682.46 627,948,042.54

Total assets 11,586,312,757.31 11,503,750,067.45

Current Liabilities:

Short-term borrowing

Borrowing from the Central Bank

Split funds

Transactional financial liabilities

Derivative financial liabilities

Notes payable 186,319,587.79 671,048,370.88

Accounts payable 788,493,224.64 418,718,723.69

Advance Receipts

Contract liabilities 41,006,877.12 37,259,875.22

Proceeds from the sale and repurchase of financial assets

Absorption of deposits and interbank deposits

Acting as an agent for the purchase and sale of securities

Acting as an agent for underwriting securities

Employee compensation payable 75,777,241.63 30,724,502.34

Taxes payable 13,259,161.08 10,683,465.79

Other accounts payable 68,908,794.89 30,756,979.05

Where: Interest payable

Dividend payable 32,289,730.56

Fees and commissions payable

Reinsurance payable

Liabilities held for sale

Non-current liabilities due within one year 59,937,372.69 70,164,254.37

Other current liabilities 45,332,528.50 158,563,952.01

Total current liabilities 1,279,034,788.34 1,427,920,123.35

Non-current liabilities:

Reserve for insurance contracts

Long-term borrowing

Bonds payable

Among them: preferred shares

Perpetual bonds

Lease liabilities 67,839,955.42 48,364,195.97

Long-term payables 94,055.77 -217,584.93

Long-term payable employee compensation

Projected liabilities

Deferred earnings

Deferred income tax liabilities 22,185,395.44 14,607,723.21

Other non-current liabilities

Total non-current liabilities 90,119,406.63 62,754,334.25

Total liabilities 1,369,154,194.97 1,490,674,457.60

Owner's Equity (or Shareholders' Equity):

Paid-up capital (or share capital) 450,000,000.00 450,000,000.00

Other Equity Instruments

Among them: preferred shares

Perpetual bonds

Capital reserve 8,468,220,225.30 8,468,220,225.30

Less: Treasury shares

Other comprehensive income

Special reserves 10,884,900.61 6,524,272.88

Surplus reserve 160,186,134.90 116,637,015.03

General Risk Provisions

Undistributed profit 1,127,867,301.53 971,694,096.64

Equity attributable to owners (or shareholders' equity) of the parent company 10,217,158,562.34 10,013,075,609.85

total

Minority interests

Total owners' equity (or shareholders' equity) 10,217,158,562.34 10,013,075,609.85

Total liabilities and owners' equity (or shareholders' equity) 11,586,312,757.31 11,503,750,067.45

plan

Person in charge of the company: Yang Hui Person in charge of accounting: Ma Xingjie Person in charge of accounting institution: Yu Xuan

Consolidated income statement

January-September 2024

Prepared by: Beijing Institute of Aeronautical Materials Co., Ltd

Unit: Yuan Currency: RMB Audit Type: Unaudited

The first three quarters of 2024 The first three quarters of 2023

Project degree

(January-September) (January-September)

1. Total operating income 2,196,144,667.20 2,194,821,623.77

Among them: operating income 2,196,144,667.20 2,194,821,623.77

Interest income

Premiums earned

Fee and commission income

2. Total operating costs 1,760,359,475.51 1,630,069,467.16

Including: operating costs 1,524,757,946.06 1,437,195,939.46

Interest expense

Handling fees and commission expenses

Surrender Benefit

Net payout expense

Draw down the net amount of insurance liability reserves

Policy dividend payouts

Reinsurance costs

Taxes and surcharges 11,996,280.75 10,991,539.21

Selling expenses 10,665,018.76 10,893,073.55

Administrative expenses 58,555,932.79 56,520,427.46

R&D expenses 173,539,018.20 150,771,404.70

Financial expenses -19,154,721.05 -36,302,917.22

Including: interest expense 5,430,187.95 4,269,567.34

Interest income 26,154,572.36 29,387,734.39

Add: Other income 12,815,478.81 229,659.30

Investment income (loss is listed with a "-") 14,192,484.02

Among them: investment income in associates and joint ventures

Derecognition of gains on financial assets measured at amortized cost

Exchange gain (loss is indicated with a "-")

Net Exposure Hedging Gain (Losses are indicated with a "-" sign)

Gain on fair value change (loss is indicated with a "-") 46,506,178.57

Credit impairment loss (loss is listed with "-") -28,345,441.56 -9,337,359.69

Asset impairment loss (loss is listed with "-") 3,652,490.62 5,878,718.57

Gain on disposal of assets (loss is indicated with a "-")

3. Operating profit (loss is listed with "-") 484,606,382.15 561,523,174.79

Add: Non-operating income 43,100.00 0.01

Less: Non-operating expenses 883,604.93 890,890.99

4. Total profit (total loss is listed with "-") 483,765,877.22 560,632,283.81

Less: Income tax expense 47,793,552.46 57,719,464.90

5. Net profit (net loss is listed with "-") 435,972,324.76 502,912,818.91

(1) Classification according to business continuity

1. Net profit from continuing operations (net loss is listed with "-") 435,972,324.76 502,912,818.91

2. Net profit from discontinued operations (net loss is listed with "-")

(2) Classification according to ownership ownership

1. Net profit attributable to shareholders of the parent company (net loss is filled in with "-" 435,972,324.76 502,912,818.91

columns)

2. Minority shareholders' profit and loss (net loss is listed with "-")

6. Net after-tax of other comprehensive income

(1) Net after-tax amount of other comprehensive income attributable to owners of the parent company

1. Other comprehensive income that cannot be reclassified into profit or loss

(1) Remeasure the change in the defined benefit plan

(2) Other comprehensive income that cannot be converted into profit or loss under the equity method

(3) Changes in the fair value of investments in other equity instruments

(4) Changes in the fair value of the enterprise's own credit risk

2. Other comprehensive income that will be reclassified into profit or loss

(1) Other comprehensive income from transferable gains or losses under the equity method

(2) Changes in the fair value of other debt investments

(3) The amount of financial assets reclassified into other comprehensive income

(4) Other credit impairment provisions for debt investments

(5) Cash flow hedging reserves

(6) Differences in translation of foreign currency financial statements

(7) Miscellaneous

(2) Net after-tax of other comprehensive income attributable to minority shareholders

7. Total comprehensive income 435,972,324.76 502,912,818.91

(1) Total comprehensive income attributable to owners of the parent company 435,972,324.76 502,912,818.91

(2) Total comprehensive income attributable to minority shareholders

8. Earnings per share:

(1) Basic earnings per share (RMB/share) 0.97 1.32

(2) Diluted earnings per share (RMB/share) 0.97 1.32

In the event of a business combination under the same control in the current period, the net profit realized by the merged party before the merger was 0 yuan, and the net profit realized by the merged party in the previous period was 0 yuan.

Person in charge of the company: Yang Hui Person in charge of accounting: Ma Xingjie Person in charge of accounting institution: Yu Xuan

Consolidated Statement of Cash Flows

January-September 2024

Prepared by: Beijing Institute of Aeronautical Materials Co., Ltd

Unit: Yuan Currency: RMB Audit Type: Unaudited

Project Q3 2024 Q3 2023

(January-September) (January-September)

1. Cash flow from operating activities:

Cash received from the sale of goods and the provision of services 1,425,756,500.98

1,167,937,609.29

Net increase in customer deposits and interbank deposits

Net increase in borrowing from the central bank

Net increase in borrowing and lending to other financial institutions

Cash received from the premium of the original insurance contract

Net cash received from reinsurance business

Net increase in policyholders' savings and investments

Cash for interest, fees and commissions

Net increase in borrowed funds

Net increase in funds from repurchase operations

Net cash received from agents to buy or sell securities

Tax refund received 17,927,709.11 6,259,365.40

Other cash received related to operating activities 30,402,392.67 26,952,546.99

Subtotal cash inflow from operating activities was 1,474,086,602.76

1,201,149,521.68

Cash for the purchase of goods and payment for services 1,437,994,583.23 861,580,572.68

Net increase in customer loans and advances

Net increase in deposits with central banks and interbank funds

Cash payment of the original insurance contract indemnity

Net increase in funds withdrawn

Cash for interest, fees and commissions

Cash to pay policy dividends

Cash paid to and on behalf of employees 237,754,098.46 224,071,729.73

Taxes paid 127,486,575.02 132,046,794.56

Other cash paid related to operating activities 14,000,376.80 18,618,911.94

Subtotal cash outflow from operating activities was 1,817,235,633.51

1,236,318,008.91

Net cash flow from operating activities -343,149,030.75 -35,168,487.23

2. Cash flow from investment activities:

Cash received from recovery of investment 6,935,000,000.00

Cash received from investment income was 37,869,025.13

Cash recovered from disposal of fixed assets, intangible assets and other long-term assets

Net gold

Net cash received from disposal subsidiaries and other business units

Receipt of other cash related to investment activities

Subtotal cash inflows from investing activities were 6,972,869,025.13

Payments for the acquisition and construction of fixed assets, intangible assets and other long-term assets 112,708,471.01 96,029,497.56

gold

Cash paid for investments 6,865,000,000.00

Net increase in pledged loans

Net cash payments from subsidiaries and other business units

Payments of other cash related to investment activities

Subtotal cash outflow from investing activities 6,977,708,471.01 96,029,497.56

Net cash flow from investing activities -4,839,445.88 -96,029,497.56

3. Cash flow from financing activities:

Absorb cash received from investments

6,915,065,800.00

Among them: cash received by subsidiaries from minority shareholders' investments

Obtain cash received from borrowing

Other cash received related to fund-raising activities 3,071,991.45

Subtotal cash inflows from financing activities amounted to 3,071,991.45

6,915,065,800.00

Cash payments for debt repayment

Cash paid for dividends, profits or interest payments 203,960,269.44

Among them: dividends and profits paid by subsidiaries to minority shareholders

Other cash payments related to financing activities 41,735,349.83 17,389,263.39

Subtotal cash outflow from financing activities 245,695,619.27 17,389,263.39

Net cash flow from financing activities -242,623,627.82

6,897,676,536.61

IV. Impact of exchange rate changes on cash and cash equivalents -799,100.64 9,676,550.86

5. Net increase in cash and cash equivalents -591,411,205.09

6,776,155,102.68

Add: Balance of cash and cash equivalents at the beginning of the period 4,057,589,870.40 857,471,921.54

6. Balance of cash and cash equivalents at the end of the period 3,466,178,665.31

7,633,627,024.22

Person in charge of the company: Yang Hui Person in charge of accounting: Ma Xingjie Person in charge of accounting institution: Yu Xuan

The first implementation of new accounting standards or interpretations of standards from 2024 onwards involves adjustments to the financial statements at the beginning of the year in which they were first implemented

□ Applicable √ Not applicable

The announcement is hereby made.

Board of Directors of Beijing Institute of Aeronautical Materials Co., Ltd

October 30, 2024