Hongdu Airline asset injection failure, resulting in Hongdu Airline stock continued to fall drop. According to relevant information, in the third quarter of 2010, the company realized operating income of 484 million yuan, down eleven thirty-seven percent year-on-year. Operating profit of 30.34 million yuan, down 64.33 percent. Net profit attributable to owners of the parent company 27.73 million yuan, down sixty-one point sixty-three percent. The main source of profit for Hongdu Airlines in the first half of 2020 is currently investment income.
Hongdu Aviation Industry Group is a large enterprise group formed with Hongdu Aviation Industry Group Co. Its predecessor is Nanchang Aircraft Manufacturing Company, once known as the state-owned Hongdu Machinery Factory, founded in 1951, is one of the 156 key projects of the national "First Five-Year Plan", and is the production base of China's trainer planes, fighter planes, agricultural and forestry planes, sea defense products, piece shuttle looms, motorcycles and engines, and is a high-tech enterprise integrating the scientific research, production and operation of aeronautical products and electromechanical products. It is a high-tech enterprise group integrating scientific research, production and operation of aviation products and electromechanical products.