China Aerospace Science and Industry Corporation (CASIC)
| First |
Academy of Information |
|Microsatellites, ECM, ground stations|
Academy of Defense |
China Changfeng Mechanics and
Electronics Technology Academy
|Air and space defense systems|
Academy of Cruise Missile |
China Haiying Electro-Mechanical
|Satellites and orbital modules|
Academy of Launch |
|Ballistic missiles and solid LVs|
| Sixth |
Academy of Propulsion |
China Hexi Chemical
and Machinery Corporation
|Tactical solid rocket motors|
| Ninth |
|Sanjiang Aerospace Group||Ballistic missiles and solid rocket motors|
|061 Base||Jiangnan Space Group||Components, INS systems, and battery manufacturing|
|068 Base||Hunan Space Group||Near space vehicles, special composite materials, components|
|Wuhan Base||Wuhan National Aerospace Industry Base|
The China Aerospace Science & Industry Corp (CASIC) is a large high-tech enterprise that is controlled by the government directly. CASIC owns 7 research institutes, 2 research and production bases, 6 listed companies, and about 600 enterprises and public institutes. Its total assets have reached 100 billion Yuan and their business performance indicates a transition into the class rank of key central enterprises.
The fore-runner of CASIC was created in 1956 and has been the fifth research institute of the defense department. It has changed its name over the years, and has been known as the Seventh Ministry of Machine Building, the Ministry of Aerospace Industry, the Chinese General Company of Astronautics Industry, and the China Aerospace Machinery and Electronics Corp. China Aerospace Machinery and Electronics Corp was established in July 1999 and was renamed the China Aerospace Science & Industry Corp in July 2001.
The division in 1999 of the China Aerospace Science Technology Corporation resulted in two enterprises active in the missile and aerospace sector: the China Aerospace Science and Technology Corporation (CASC) and the China Aerospace Science and Industry Corporation (CASIC). This was intended to create a structure conducive to market competition and increased incentives for innovation and efficiency. CASC develops and manufactures ballistic missiles and space launch vehicles, and provides launch services for civilian commercial satellites. The primary focus of CASIC is missile systems. CASC and CASIC subsidiaries compete for contracts in the commercial space launch vehicle (SLV) market.
China Aerospace Science & Industry Corporation (CASIC) is the backbone of China's national defense science and technology industry. Established in 1956 as the Fifth Academy of the Ministry of Defense, CASIC has a history of growth with the names of the Ministry of the Seventh Machinery Industry, Ministry of Aerospace Industry, Ministry of Aviation and Aerospace Industry, China Aerospace Corporation, and China Aerospace Machinery and Electronics Corporation.
CASIC is currently composed of the headquarters, 6 research institutes, 17 wholly-owned or holding companies and subordinate units. There are more than 500 enterprises and institutions of CASIC all over China. At present, CASIC has more than 150,000 employees, and a large number of well-known experts and scholars, including 8 academicians of CAS and CAE, and more than 200 state-level scientific and technological talents. The high-quality and young scientific and technical personnel have played a major role in the team of innovative talents.
CASIC takes "empowering the army with science and technology and serving the nation with aerospace technology" as its corporate mission and "your security–our responsibility" as the social responsibility value, and engages in a strategic industry related to national security. It has always adhered to "national interest above all else". After years of hard work, CASIC has established a complete technology R&D and production system for air defense missile weapon system, aerodynamic missile weapon system, solid launch vehicle and space technology products. Its overall technological level is at the leading position in China, and its technologies of some disciplines have reached the international advanced level, making outstanding contributions to the modernization of China's weapons and equipment.
More than 10 types of its missile weapons and support equipment have participated in the military parade for the 70th anniversary of the victory of the Anti-Japanese War and the military parade held to mark PLA 90th birthday, and received high attention at home and abroad. At the same time, through innovation, CASIC has pushed the limits of traditional technological approaches, business models and management practices, and vigorously implemented the “Five Clouds and One Train” (Feiyun, Kuaiyun, Xingyun, Hongyun and Tengyun and high speed flying train) commercial aerospace project. All these have opened a new chapter in the development of China's commercial space. In addition, it has successfully completed many major national tasks in relation to aerospace project such as manned space flight and lunar exploration.
Focusing on "generalized defense and extensive security", CASIC keeps following the path of military–civilian integration development with Chinese characteristics, and by virtue of its technical advantages in each discipline, has developed a series of military–civilian integrated high-tech products in respect of information technology and security, smart industry, and high-end equipment manufacturing. It has undertaken the "Gold Tax, Gold Card and Gold Shield" project, successfully achieved the large-scale integration and application based on autonomous and controllable new-generation information technology, and devoted itself to serving the national economic construction and national economic and information security with the advantages of aerospace system projects. CASIC has developed a variety of smart industry (smart city, smart transportation, smart utility network, smart food and drug supervision, smart agriculture, smart water service, etc.) public platforms to vigorously support the construction of digital China and smart society. Its self-developed special Olympic torch for Mount Everest, low-altitude low-speed small target detecting and intercepting system, high-power laser, series of heavy and special equipment and many other products have broken the monopoly of foreign countries and realized import substitution. It has been striving to develop an industrial Internet cloud platform with independent intellectual property and its application ecology, so as to provide smart, collaborative and cloud manufacturing-related public services for China's manufacturing enterprises. As one of the first batch of “mass entrepreneurship and innovation” demonstration bases in the country, CASIC strongly supports its employees to carry out on-the-job entrepreneurship and innovation, and gathers social enterprises and projects featuring “mass entrepreneurship and innovation”, to create a new ecosystem for development of sharing economy.
Based on the goal of building “a world-leading aerospace and defense company”, CASIC actively implements the concept of the “Belt and Road Initiative”, and cooperates with international partners to carry out a series of international business projects in countries in Central Asia, South Asia, Southeast Asia, West Asia, Europe and Africa through strategic cooperation, and overseas mergers and acquisitions to contribute our space intelligence and strength to promoting the global economic development and the building of a community of common destiny.
In recent years, CASIC has thoroughly implemented the new development concept, has adhered to the spirit of “perseverance, innovation, considering the overall situation, collaboration, hardworking and contribution competition”, and has made unremitting efforts to promote the healthy and rapid development. It has ranked A for 11 consecutive years in the assessment for operating performance of heads of central enterprises published by SASAC, won the “Award for Enterprise with Excellent Performance” and the “Award for Enterprise with Scientific and Technological Innovation” for 3 consecutive terms as well as 5 Special Prizes in the National Award for Science and Technology Progress and multiple National Awards for Science and Technology Progress, and ranked 346th, 79th and 45th in the lists of Fortune Global 500, Top 500 Enterprises of China and Top 500 Most Valuable Brands of China respectively.
Standing at the new historical starting point, CASIC with more than 60 years of profound cultural heritage will always adhere to Xi Jinping’s thought on socialism with Chinese characteristics for a new era, thoroughly implement the spirit of the 19th CPC National Congress, focus on technical innovation, business mode innovation and management innovation, as well as informatization, socialization, marketization and internationalization, strengthen the strategy of “Two Targets and Four Steps”, and follow the guiding thought of “eight vital sections & one special project” to make unremitting efforts to improve our strategic position, technological sophistication, performance level and employee income, to win in key battles to initially build a world-leading aerospace and defense company and to start a new journey in developing a world-class enterprise in the new era.
Aerospace Communications Holding Corp Ltd., deals in both defense systems and telecommunications, with its defense-related business increasing by 12.14 percent, from 2007 to 2008. At the same time, another CASIC firm, the ZTE Corporation, is China's second-biggest telecommunications equipment maker. ZTE represented a staggering USD 53.5 billion and 38.16 billion in market capital in 2009, as listed on the Shenzhen and Hong Kong markets respectively. ZTE Corporation is a globally-leading provider of telecommunications equipment and network solutions. With operations in 160 countries, the company is a leader in technology innovation, delivering superior products and business solutions to clients all over the world. Zhongxing Semiconductor Co. Ltd., the predecessor of ZTE Corporation, wss founded in 1985, in Shenzhen, China.
In recent years, pursuing the concept of "Extensive Defense and Great Security" and through the successful integration of military and civilian sectors, CASIC has turned out a series of products with military-civilian dual-purpose technology. The intelligent taxation system, security technology system and emergency rescue equipment self-developed by CASIC play an important role in maintaining the secure operation of national economy, in furnishing the security for great events such as Beijing Olympic Games, World Expo Shanghai and Asian Games Guangzhou, and in the quick actions against contingencies and natural disasters.
Advancing towards the future, CASIC will stick to the four strategies of integration of military and civilian sectors, innovation-driven development, self-building with talents, and winning out of quality. CASIC will build itself into a world firstclass aerospace defense corporation by 2020 with space defense as its leading industry, with information technology and equipment manufacture as its major supporting industries, and with its persistent efforts in the innovations in technology, business mode and management.
In 2012, CASIC’s business revenue amounted to $ 21.319 billion, equivalent to 91.9% of the short-listed threshold of the Fortune 500 companies that year.
CASIC specializes in conventional defense and aerospace systems, including tactical ballistic missiles, anti-ship and land attack cruise missiles, air defense missile systems, direct ascent anti-satellite interceptors, operationally responsive tactical microsatellites, and associated tactical satellite launch vehicles. While academies and subordinate institutes appear to conduct independent international business transactions, CASIC's principle export management enterprise is the China Precision Machinery Import-Export Company (CPMIEC).
As the largest missile weapon designer and manufacturer in China, CASIC boasts a comprehensive system for developing, researching and manufacturing air defense missile systems, cruise missile systems, solid rockets, and space products, covering land, sea, air, space and electromagnetism. Up to now, CASIC has successively developed dozens of advanced missile weapons, which contributes greatly to the modernization of China's national defense weaponry and equipment.
CASIC has complete aerospace defense manufacturing capacity and establishes national missile defense framework with multi-series, multi-models, all weather and multi-platforms. In the parade which marked the 60th anniversary of the founding of new China, eleven missile models developed by CASIC passed through Tiananmen Square, received review of the state leaders and the whole country, showed the new achievements of national defense weaponry building.
CASIC is the main force of China aerospace industry, and has devoted itself to build a space-ground integrated security and support system in manned spaceflight, lunar exploration and other major national projects, featured by microwave measurement radar, altitude control device, Space Hospital and Space Kitchen.
CASIC makes its active endeavors to exploit space projects, and has been directly involved in the major national projects such as manned spaceflight and lunar exploration. The solid rocket motors, satellite payloads, satellite-borne components and other aerospace products developed by CASIC are key parts of the launch vehicles and satellites.
CASIC successfully completed every support mission for each spaceflight undertaken by Shenzhou series from Shenzhou-1 to Shenzhou-10. Dozens of stand-alone products, large numbers of industrial basic parts, electronic components and software testing and evaluation services supplied by over 20 companies and institutes under CASIC have provided a space-ground integrated support for achieving all the goals, including accurate injection into orbit, precise docking, stable operation, maintaining good health of the crew in orbit, and safe return, which makes significant contributions to the construction of a home in space.
CASIC follows the three-phase strategy for the lunar exploration, i.e., orbiting, landing and returning, and its over ten affiliates have provided dozens of stand-alone products, industrial basic parts, electronic components and software testing and evaluation services to render sound technical supports for lunar soft landing, roving and surveying, which greatly contributes to the realization of the Chinese nation’s millennial dream of flying to the moon.
CASIC has played an active part in the development of BeiDou Navigation Satellite System (BDS), supporting it with rubidium atomic clocks, a large number of industrial basic parts, electronic components, software testing and evaluation services and other ancillary products. It has also carried out some BDS-based ground application projects, and the vehicular integrated intelligent information terminal is now in the demonstrative application stage.
Publicly Listed CASIC Companies 
|Name||Specialty||Market Capital  (USD in billions) and stock market||Notes|
|Aisino Corporation||Electronic and telecommunication equipment, finance and tax products, information security technology, information technology, network technolgy, bioengineering, chemical engineering||15.05B (Shanghai)||Relationships with Tsinghua University? University of Science and Technology of China? Fuzhou University? Lenovo and multinationals Intel? IBM? Cisco? Siemens, Atmel, Star, and Epson|
|Aerosun Corporation||Special-purpose vehicles, RTP (Reinforced Thermoplastic Pipe), bellows expansion joints and hoses, pressure vessels for industries such as metallurgy, petrochemical, electric power||3.02B (Shanghai)|
|Aerospace Communications Holding Corp Ltd.||Telecommunicaction equipment, military communications, short-range defense systems, technology R&D, manufacturing||3.16B (Shanghai)||Business from defense-related products increased by RMB 66 million, 12.14 percent, from 2007 to 2008.|
|Beijing Aerospace Changfeng Co. Ltd||Medical equipment and engineering||2.19B (Shanghai)||Participates in international medical equipment exhibitions|
|Aerospace Hi-Tech Holding Group Co., Ltd.||Electronic products||3.04B (Shenzhen)|
|Guizhou Space Appliance Co. Ltd||Electronic components for the military||3.53B (Shenzhen)||Parts used in 2007 Chang?e-1 lunar probe|
|ZTE Corporation||Telecommunications software, wireless network systems||52.50B (Shenzhen) 38.16B (Hong Kong)||net profit attributable to shareholders of the listed company of RMB425 million to RMB637 million  for the First Quarter of 2014 reporting period, representing an increase of over 100% as compared with the same period last year.|
|Aerospace Science and Industry Finance Company LTD|
|Aerospace Securities Co., Ltd|
|Beijing Computer Technique and Application Research Institution|
|Beijing Electronic Engineering General Research Institution|
|Beijing Special-Type Machinery Research Institution|
|Beijing XingHang Electromechanical Equipment Corp|
|China Sanjiang Space Group|
|China Sanjiang Hongyang Machinery Works|
|Defense Technology Research Institution|
|Delivery Technology Research Institution|
|Flight Technology Research Institution|
|Guizhou Space Industry LLC|
|Hubei Sanjiang Space Wanshan Special-Type Vehicle LTD.|
|Nanjing ChenGuang Corp LLC|
|Nanjing Electronic Equipment Research|
|Shaanxi Aerospace Architectural Engineering Corp.|
|Tianjin Jinhang Computing Technology Institute|
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