China Aerospace Science and Industry Corporation

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China Aerospace Science and Industry Corporation Limited
Native name
Chinese: 中国航天科工集团有限公司
Formerly
China Aerospace Machinery and Electronics Corporation
State owned company
IndustryAerospace, Defence, Automotive, Electronics, Telecommunications, Information Technology, construction &Infrastructure
PredecessorChina Aerospace Corporation
FoundedJuly 1, 1999; 19 years ago (1999-07-01)
HeadquartersHaidian District, Beijing, China
Area served
worldwide
Key people
Gao Hongwei (Chairman)
Li Yue (President)
Productssatellite communication, missiles, radars, special vehicles, engines
RevenueUS$34.07 billion [1] (2017)
US$1.60 billion (2017) [1]
Total assetsUS$44.27 billion (2017) [1]
OwnerSASAC
Number of employees
145,987[2] (2017)
Websitewww.casic.cn
China Aerospace Science and Industry Corporation
Simplified Chinese中国航天科工集团公司
Traditional Chinese中國航天科工集團公司

The China Aerospace Science & Industry Corporation Limited(CASIC) in Chinese; 中国航天科工集团有限公司 is a large state-owned hi-tech company which is under the direct administration of the central government, is the main contractor for the Chinese space program. It is state-owned and has a number of subordinate entities which design, develop and manufacture a range of spacecraft, launch vehicles, strategic and tactical missile systems, and ground equipment. In recent years, CASIC makes substantial progress in its commercial aerospace projects, namely Feiyun (F-Cloud), Kuaiyun (K-Cloud), Xingyun (X-Cloud), Hongyun (H-Cloud), Tengyun (T-Cloud) and T-Flight (Supersonic Train System). CASIC has made outstanding contributions to many major national projects such as manned spaceflight and lunar exploration. CASIC has ranked 'Class A' in the operation and performance assessment for leaders of central enterprises by State-owned Assets Supervision and Administration Commission (SASAC) for 10 consecutive years, and been honored “Awards for Enterprises with Outstanding Performance” and “Awards for Enterprises with Technical Innovation”, both for three terms of office. CASIC ranks the 346th among the Fortune 500 in the world, and the 80th among the Top 500 Enterprises in China and the 27th among the Top 500 Manufacturers in China. It also become for the first time one of the Top 500 Brands with the Greatest Value in China with a rank of 46th.[2]

History[edit]

First established as the 5th Academy of the Ministry of Defense in October 1956, it went through numerous name changes including the Ministry of the 7th Machinery Industry, the Ministry of Aerospace Industry, the Ministry of Aviation and Aerospace Industry, China Aerospace Corporation, China Aerospace Machinery and Electronics Corporation in July 1999, and finally the present name China Aerospace Science & Industry Corporation in July 2001. CASIC owns seven academies, two scientific research and development bases, six public listed companies, and over 620 other companies and institutes scattered nationwide, with more than 145,987 employees.[2]

Business[edit]

CASIC is the biggest missile weapon system developing and manufacturing enterprise in China. It possesses a complete capability for developing, researching and manufacturing air defense missile systems, cruise missile systems, solid propellant rockets, space technological products and other technologies with products covering various fields of land, sea, air, and electromagnetic spectrum. CASIC has successively provided dozens of advanced missile equipment systems for the various nations, and it also has made outstanding contributions to Chinese manned space flight, lunar exploration and other key Chinese national projects.[2] In 2017 (fiscal year), the total assets of CASIC was US$ 44.27 billion , Revenue was US$ 34.07 billion, and profit was US$1.60 billion.[3]

Aerospace Defense[edit]

CASIC engages in strategic industries concerning national security. Since its establishment more than 60 years ago, the company has established a complete R&D and production system for air-defense missile weapon system, as well as solid launch vehicles, and space technology products. Therefore, CASIC takes the lead in the overall level of equipment in China and reaches the international advanced level in terms of some expertise. Covering all ranges of “land, sea, air, space, network and electromagnetism”,

Commercial Aerospace[edit]

CASIC has been actively promoting the development of commercial aerospace industry. It takes the lead in launching hundred-of-billion-yuan commercial aerospace project plans in China, and continuously promotes the implementation of major commercial aerospace projects: Feiyun Project, Kuaiyun Project, Xingyun Project, Hongyun Project, Tengyun Project and T-Flight (supersonic train system) Project. The first commercial launching of KZ-1A rocket has been successfully completed in the way of “launching three satellites on one rocket”, lasting for only over eight months from contract signing to launching. “Tiankun-1” satellite has been successfully launched expanding the spectrum of China’s small low orbit satellites. CASIC officially starts the construction of the Wuhan National Space Industry Base for commercial aerospace, and initiates to set up the Yangtze River Aerospace Industry Fund. Adhering to its positioning in the commercial aerospace industry to become “the overall academy, general department and assembly plant in the society”, CASIC aims to establish cooperation with wider social resources in order to forge a new business format of China’s commercial aerospace.

Industrial Internet[edit]

Guided by “Made in China 2025” and supply-side structural reform, CASIC released the Industrial Intelligent Cloud System —— INDICS, the first such platform in China and among the first batch in the world, providing a platform of public service of smart, coordinated and cloud manufacturing for enterprises. CASIC focuses on people’s needs for “safety, health, happiness and knowledge” and establishes new service industries such as systematic medical service and cultural and creative services. CASIC also pays attention to key fields such as innovation and entrepreneurship service, intellectual property service, sci�tech consulting service and credit investigation service, so as to provide specialized services and products deeply integrated with social resources and promote the rapid development of modern service industry.

Smart Industries[edit]

Focusing on meeting the needs of smart society construction in China, CASIC first proposes the concept of smart industry and leads the construction of the social Overall Academy and General Department for the smart industry, cultivating 19 key application areas, and comprehensively building an open, innovative, shared and win-win smart industry ecosystem. CASIC keeps adhering to its development concepts of "innovative, co-ordinative, green, open and sharing", and actively follows its long-term development path for the smart industry, namely, “focusing on creating a smart industry platform, building two intelligent networks of sensing and transmission, and carrying out N major demonstration projects”, to provide comprehensive service for smart industry development and smart society construction.

Exchange & Cooperation[edit]

September 5, 2013, the G20 summit was held in Saint Petersburg, Russia. President Xi Jinping and President Vladimir Putin witnessed the

signing of strategic cooperation agreement between CASIC (Gao Hongwei: chairman of CASIC) and Rostec. The signing of strategic

cooperation agreement marks a brand new page in pragmatic cooperation in civilian high-tech field between CASIC and Rostec.

On July 5, 2017, witnessed by President Xi Jinping and Angela Merkel, Chancellor of Germany, Gao Hongwei, the Chairman of China Aerospace Science & Industry Co., Ltd. (CASIC) and Joe Kaeser, the President & CEO of Siemens AG (Siemens) signed a strategic cooperation agreement in the fields of industrial Internet and intelligent manufacturing in Berlin. They will make joint efforts to establish a future-oriented industrial ecosystem based on the industrial cloud platform. In recent years, CASIC made every effort to establish an industrial Internet cloud platform --INDICS that supports the intelligent transformation, collaborative manufacturing and cloud manufacturing and was devoted to “information exchange, resource sharing, capability coordination, openness, cooperation, mutual benefit and win-win cooperation” in respect of industrial enterprises. Siemens was devoted to electrification, automation, digitization, and creating an open IoT operating system based on the cloud platform. On May 30, 2016, CASIC and Siemens signed a memorandum of understanding. Therefore, they made joint efforts to establish a working team and yielded fruitful results, laying a solid foundation for deepening cooperation between the two parties and improving cooperation levels. Based on the opportunities for cooperation brought about by “Made in China 2025” and “German Industry 4.0”, the strategic cooperation between the two parties is promising. Based on the strategic cooperation agreement, they will establish strategic partnerships in the fields of industrial Internet and intelligent manufacturing to give full play to their advantages, establish a future-oriented industrial ecosystem and cooperate in market exploitation to provide customers with values for industrial transformation and upgrading.

Social Responsibilities[edit]

CASIC always sticks to legitimate business operation and corporation management. Adhering to the core social responsibility philosophy of “secure peace with aerospace technology”,[4] CASIC holds fast to the values of “your security is our responsibility” by actively and effectively performing its eight responsibilities of safeguarding national security, facilitating economic growth, promoting innovation-driven development, launching strategic cooperation, ensuring employee growth, keeping good faith and behaving in a law�abiding manner, protecting the low carbon environment, and contributing to public welfare. Serving as the backbone safeguarding national security, social security and people’s safety, CASIC faithfully discharges social responsibilities incumbent on a central enterprise. It actively implements the strategic requirements for national security, continuously supports social stability and security and constantly satisfying people’s need for public safety, making tremendous contributions to safeguarding the national core interests and securing the steady growth of national economy.

See also[edit]

References[edit]

  1. ^ a b c "China Aerospace Science & Industry". fortune.com.
  2. ^ a b c d China Aerospace Science and Industry Corporation. "Introduction of CASIC". Retrieved 18 July 2014.
  3. ^ "China Aerospace Science & Industry". Fortune. Retrieved 2018-08-23.
  4. ^ "Social responsibilities".

External links[edit]