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002179.SZ AVIC Jonhon: connector leader & defense-electronics weight

AVIC Jonhon Optronic AVIC connector leader; top defense-electronics index weight — beta to OEM builds and civil (NEV/datacenter).

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Snapshot

Price (~)
CNY 34.22
Market cap (~)
CNY 71.9B
Revenue (latest FY/cum)
CNY 21.4B
Latest NI (attr.)
CNY 1.1B
As of 2026-09-25

As-of 2026-09-25 (weekly refresh; equities aligned to §A. Missing series are N/A/null. Not investment advice.)

Thesis

AVIC Jonhon Optronic AVIC connector leader; top defense-electronics index weight — beta to OEM builds and civil (NEV/datacenter). Price ~¥34.22, mkt ~¥719B; PE-TTM 32.1x.

Business

Model: electrical/optical/fluid connectors. Flagships: mil-spec; high-end civil. Edge: quals & stickiness. Strategy: mix expansion & capacity.

Value chain

Component mid-stack; upstream contacts/materials; downstream OEMs. Risks: defense destock; civil price war; materials.

Corporate events

Events

Events
DateEventDetailNote
持续连接器龙头军民两用指数权重股
As of 2026-09-25

Valuation

Quality-manufacturing premium; watch margins vs inventory cycle.

Valuation snapshot

Valuation snapshot
MetricValueNote
现价34.22东方财富行情
总市值718.70 亿f116
PE-TTM32.1x亏损则为 null
PB2.96x行情字段
As of 2026-09-25

Valuation · ~3y QE

Interactive chart available in the reader.

QE close×shares/TTM NI; div yield null without source · As of 2026-09-25

Price · ~3y QE

Interactive chart available in the reader.

Eastmoney monthly K aligned to quarter-end · As of 2026-09-25

Financial trends (~24m)

Single-quarter revenue/NI from Eastmoney cumulative filings via differencing; gross margin is reported period GM. Null when missing.

Quarterly revenue · 8Q

Interactive chart available in the reader.

Eastmoney cumulative revenue differenced; null when missing · As of 2026-09-25

Gross margin · reported

Interactive chart available in the reader.

Eastmoney reported GM (period) · As of 2026-09-25

Quarterly NI · 8Q

Interactive chart available in the reader.

Eastmoney cumulative NI differenced; PE null if TTM≤0 · As of 2026-09-25

Financial health

Financial health
ItemValueNote
经营现金流（约，每股×股本）2.73 亿MGJYXJJE×股本估算，非审计
资产负债率37.3%最新报告期
ROE（加权）4.51%报告期
审计/持续经营以最新年报审计意见为准未在本包重审
As of 2026-09-25

Operations

Volume: shipments; price: ASP; cost: materials/yield.

Operating snapshot

Operating snapshot
ItemValueYoY/noteNote
最新报告期2026-Q2—东方财富 MAINFINADATA
单季营收63.67 亿见收入图 YoY累计拆单季
单季归母净利7.21 亿见利润图累计拆单季
毛利率（报告期披露）28.8%—销售毛利率字段
赛道军工电子—申万国防军工二级语境
As of 2026-09-25

Competition

Defense market share is usually undisclosed; share charts use nulls.

Market share

Interactive chart available in the reader.

Usually undisclosed for defense — nulls · As of 2026-09-25

Peer share

Interactive chart available in the reader.

Null without named source · As of 2026-09-25

Peers

Peers
NameRoleNoteStrengthWeakness
中航光电连接器高资质周期
航天电器连接器中航天体系体量
华丰科技连接器中弹性波动大
As of 2026-09-25

Management

Management / control

Management / control
RoleNameSince24m change
控股股东航空工业集团持续央企
经营层以最新年报披露为准持续—
As of 2026-09-25

Stability: AVIC-controlled.

Outlook

Watch defense mix, GM, inventory, civil mix.

Scenarios

Scenario Condition Implication
Bull Orders/deliveries beat Earnings + multiple
Base Steady production Hold/watch recognition
Bear Destock/budget slip Theme + earnings drawdown

Risks

Defense cycle; competition; valuation; concentration.

Tracking

  1. Quarterly revenue/NI YoY and contract liabilities
  2. Gross margin, inventory, receivables
  3. OCF vs CapEx
  4. Material reorg/program disclosures
  5. Defense index relative performance / crowding

References

  1. CNINFO — https://www.cninfo.com.cn/new/disclosure/stock?stockCode=002179
  2. Eastmoney quotes & MAINFINADATA
  3. Other: IR

Not investment advice.

Disclaimer: For research information only. Not investment advice or a recommendation to buy or sell.

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