Corporate Restructuring at AVIC Shenyang Aircraft Co. Ltd
AVIC Shenyang Aircraft Co. Ltd. (ticker 600760 on the Shanghai Stock Exchange) announced a notable shift in its leadership team on January 19, 2026. Two senior executives, Xing Yixin and Liu Nian Cai, submitted formal resignations, effective January 16, 2026, and will leave the company at the end of their current terms on February 28, 2027.
Who is stepping down?
| Executive | Position(s) relinquished | Resignation date | Remaining term until | Reason for departure | Current role elsewhere |
|---|---|---|---|---|---|
| Xing Yixin | Director, member of the Board’s Strategic and ESG Committee, General Manager | 16 Jan 2026 | 28 Feb 2027 | “Work‑related change” | None |
| Liu Nian Cai | Director | 16 Jan 2026 | 28 Feb 2027 | “Work‑related change” | None |
Both executives confirmed that they will not remain on the board of AVIC Shenyang or its holding subsidiaries after their departure, and there are no outstanding public commitments that would affect the company.
Impact on company governance
According to the company’s announcement, the resignations are effective immediately upon receipt by the Board, yet the Board’s composition remains well above the statutory minimum. The Board therefore continues to operate normally without any disruption to decision‑making or strategic oversight. The company also highlighted that the departing executives have completed all required hand‑over procedures in accordance with internal protocols.
Acknowledgement of service
The Board expressed deep appreciation for the contributions of both Xing and Liu during their tenures. Their roles had encompassed not only day‑to‑day management as General Manager but also strategic guidance in ESG and broader corporate governance.
Market reaction and broader context
While the company’s leadership changes were the primary driver of today’s news, market sentiment around the broader “large‑aircraft” sector remained buoyant. In the afternoon of January 19, the Shanghai Stock Exchange witnessed a rally among large‑aircraft‑related stocks, with several shares hitting the daily limit. Notable performers included:
- HuaFeng Control (航发控制)
- AVIC In‑flight Equipment (中航机载)
- North Mo High‑Tech (北摩高科)
- HuaFeng Technology (航发科技)
Other participants in the sector, such as HuaFeng Power (航发动力), AVIC West Flying (中航西飞), and AVIC Shenyang Aircraft (中航沈飞), also experienced gains, reflecting investor optimism about the upcoming wave of large‑aircraft development projects.
The positive market environment suggests that the leadership transition is unlikely to erode confidence in AVIC Shenyang’s strategic trajectory. Investors will likely remain focused on the company’s core competencies—design, production, and sales of aircraft—alongside its ancillary ventures in foreign investment and electronics development.
Summary
AVIC Shenyang Aircraft Co. Ltd. has navigated a smooth leadership transition, with two senior executives stepping down in a planned and orderly manner. The Board’s continued stability and the broader market’s supportive stance on the large‑aircraft sector position the company well as it moves forward with its ongoing aircraft programmes and expansion initiatives.
