Janes - News page

China’s CASC reports strong growth for 2020

by Jon Grevatt

The China Aerospace Science and Technology Corporation (CASC) – one of the country’s most important defence industrial enterprises – has reported strong financial growth for 2020, it announced on 26 January. The state-owned corporation said that its 2020 revenues increased year on year by 7% to CNY267.74 billion (USD41.4 billion) and that its total profit in the year was CNY24.22 billion, a rise of 11.7% from the previous year.

The China Aerospace Science and Technology Corporation (CASC) – manufacturer of the CH-5 multi-role MALE UAV (pictured) – has reported strong financial growth for 2020. (Janes/Kelvin Wong)

The China Aerospace Science and Technology Corporation (CASC) – manufacturer of the CH-5 multi-role MALE UAV (pictured) – has reported strong financial growth for 2020. (Janes/Kelvin Wong)

CASC added that during the past year its “labour productivity” increased by 9.5%, its investment in “innovation development” activities was CNY1.96 billion, and that it had consolidated group assets worth CNY640 million. CASC said in a statement that its financial results were notable, given new challenges in the year.

“In 2020 the group went through an extraordinary development process,” said CASC in a statement. “The group overcome a complex international situation and the sudden impact of Covid-19 … to achieve major achievements in supporting the development of a world-class military.”

CASC also said that its yearly performance was aligned with the expansion it had achieved under China’s 13th Five Year Plan (FYP) during 2016 to the end of 2020. During these five years, it said, its revenues reached CNY1.2 trillion – or an average of CNY240 billion a year – and its total profits were more than CNY100 billion. CASC’s total assets at the end of 2020 were worth CNY510 billion, it said.

https://www.janes.com/defence-news/chinas-casc-reports-strong-growth-for-2020/

The China Aerospace Science and Technology Corporation (CASC) – one of the country’s most important ...

Know the threat

Impartial perspective on military capabilities, terrorism and insurgency and chemical, biological, radiological and nuclear threats.

Threat Intelligence

Know the location

Build a clear picture for military operations or market knowledge through smart geospatial layers.

Country Intelligence

Know the opportunity

Trusted, connected data and unique insight that enables growth in a complex and reshaping industry.

Defence Industry Intelligence

Know the detail

Connected, structured equipment data that delivers unique insights.

Equipment Intelligence

China’s CASC reports strong growth for 2020

by Jon Grevatt

The China Aerospace Science and Technology Corporation (CASC) – one of the country’s most important defence industrial enterprises – has reported strong financial growth for 2020, it announced on 26 January. The state-owned corporation said that its 2020 revenues increased year on year by 7% to CNY267.74 billion (USD41.4 billion) and that its total profit in the year was CNY24.22 billion, a rise of 11.7% from the previous year.

The China Aerospace Science and Technology Corporation (CASC) – manufacturer of the CH-5 multi-role MALE UAV (pictured) – has reported strong financial growth for 2020. (Janes/Kelvin Wong)

The China Aerospace Science and Technology Corporation (CASC) – manufacturer of the CH-5 multi-role MALE UAV (pictured) – has reported strong financial growth for 2020. (Janes/Kelvin Wong)

CASC added that during the past year its “labour productivity” increased by 9.5%, its investment in “innovation development” activities was CNY1.96 billion, and that it had consolidated group assets worth CNY640 million. CASC said in a statement that its financial results were notable, given new challenges in the year.

“In 2020 the group went through an extraordinary development process,” said CASC in a statement. “The group overcome a complex international situation and the sudden impact of Covid-19 … to achieve major achievements in supporting the development of a world-class military.”

CASC also said that its yearly performance was aligned with the expansion it had achieved under China’s 13th Five Year Plan (FYP) during 2016 to the end of 2020. During these five years, it said, its revenues reached CNY1.2 trillion – or an average of CNY240 billion a year – and its total profits were more than CNY100 billion. CASC’s total assets at the end of 2020 were worth CNY510 billion, it said.

https://www.janes.com/defence-news/chinas-casc-reports-strong-growth-for-2020/

The China Aerospace Science and Technology Corporation (CASC) – one of the country’s most important ...

China’s CASC reports strong growth for 2020

by Jon Grevatt

The China Aerospace Science and Technology Corporation (CASC) – one of the country’s most important defence industrial enterprises – has reported strong financial growth for 2020, it announced on 26 January. The state-owned corporation said that its 2020 revenues increased year on year by 7% to CNY267.74 billion (USD41.4 billion) and that its total profit in the year was CNY24.22 billion, a rise of 11.7% from the previous year.

The China Aerospace Science and Technology Corporation (CASC) – manufacturer of the CH-5 multi-role MALE UAV (pictured) – has reported strong financial growth for 2020. (Janes/Kelvin Wong)

The China Aerospace Science and Technology Corporation (CASC) – manufacturer of the CH-5 multi-role MALE UAV (pictured) – has reported strong financial growth for 2020. (Janes/Kelvin Wong)

CASC added that during the past year its “labour productivity” increased by 9.5%, its investment in “innovation development” activities was CNY1.96 billion, and that it had consolidated group assets worth CNY640 million. CASC said in a statement that its financial results were notable, given new challenges in the year.

“In 2020 the group went through an extraordinary development process,” said CASC in a statement. “The group overcome a complex international situation and the sudden impact of Covid-19 … to achieve major achievements in supporting the development of a world-class military.”

CASC also said that its yearly performance was aligned with the expansion it had achieved under China’s 13th Five Year Plan (FYP) during 2016 to the end of 2020. During these five years, it said, its revenues reached CNY1.2 trillion – or an average of CNY240 billion a year – and its total profits were more than CNY100 billion. CASC’s total assets at the end of 2020 were worth CNY510 billion, it said.

https://www.janes.com/defence-news/chinas-casc-reports-strong-growth-for-2020/

The China Aerospace Science and Technology Corporation (CASC) – one of the country’s most important ...

China’s CASC reports strong growth for 2020

by Jon Grevatt

The China Aerospace Science and Technology Corporation (CASC) – one of the country’s most important defence industrial enterprises – has reported strong financial growth for 2020, it announced on 26 January. The state-owned corporation said that its 2020 revenues increased year on year by 7% to CNY267.74 billion (USD41.4 billion) and that its total profit in the year was CNY24.22 billion, a rise of 11.7% from the previous year.

The China Aerospace Science and Technology Corporation (CASC) – manufacturer of the CH-5 multi-role MALE UAV (pictured) – has reported strong financial growth for 2020. (Janes/Kelvin Wong)

The China Aerospace Science and Technology Corporation (CASC) – manufacturer of the CH-5 multi-role MALE UAV (pictured) – has reported strong financial growth for 2020. (Janes/Kelvin Wong)

CASC added that during the past year its “labour productivity” increased by 9.5%, its investment in “innovation development” activities was CNY1.96 billion, and that it had consolidated group assets worth CNY640 million. CASC said in a statement that its financial results were notable, given new challenges in the year.

“In 2020 the group went through an extraordinary development process,” said CASC in a statement. “The group overcome a complex international situation and the sudden impact of Covid-19 … to achieve major achievements in supporting the development of a world-class military.”

CASC also said that its yearly performance was aligned with the expansion it had achieved under China’s 13th Five Year Plan (FYP) during 2016 to the end of 2020. During these five years, it said, its revenues reached CNY1.2 trillion – or an average of CNY240 billion a year – and its total profits were more than CNY100 billion. CASC’s total assets at the end of 2020 were worth CNY510 billion, it said.

https://www.janes.com/defence-news/chinas-casc-reports-strong-growth-for-2020/

The China Aerospace Science and Technology Corporation (CASC) – one of the country’s most important ...

China’s CASC reports strong growth for 2020

by Jon Grevatt

The China Aerospace Science and Technology Corporation (CASC) – one of the country’s most important defence industrial enterprises – has reported strong financial growth for 2020, it announced on 26 January. The state-owned corporation said that its 2020 revenues increased year on year by 7% to CNY267.74 billion (USD41.4 billion) and that its total profit in the year was CNY24.22 billion, a rise of 11.7% from the previous year.

The China Aerospace Science and Technology Corporation (CASC) – manufacturer of the CH-5 multi-role MALE UAV (pictured) – has reported strong financial growth for 2020. (Janes/Kelvin Wong)

The China Aerospace Science and Technology Corporation (CASC) – manufacturer of the CH-5 multi-role MALE UAV (pictured) – has reported strong financial growth for 2020. (Janes/Kelvin Wong)

CASC added that during the past year its “labour productivity” increased by 9.5%, its investment in “innovation development” activities was CNY1.96 billion, and that it had consolidated group assets worth CNY640 million. CASC said in a statement that its financial results were notable, given new challenges in the year.

“In 2020 the group went through an extraordinary development process,” said CASC in a statement. “The group overcome a complex international situation and the sudden impact of Covid-19 … to achieve major achievements in supporting the development of a world-class military.”

CASC also said that its yearly performance was aligned with the expansion it had achieved under China’s 13th Five Year Plan (FYP) during 2016 to the end of 2020. During these five years, it said, its revenues reached CNY1.2 trillion – or an average of CNY240 billion a year – and its total profits were more than CNY100 billion. CASC’s total assets at the end of 2020 were worth CNY510 billion, it said.

https://www.janes.com/defence-news/chinas-casc-reports-strong-growth-for-2020/

The China Aerospace Science and Technology Corporation (CASC) – one of the country’s most important ...

China’s CASC reports strong growth for 2020

by Jon Grevatt

The China Aerospace Science and Technology Corporation (CASC) – one of the country’s most important defence industrial enterprises – has reported strong financial growth for 2020, it announced on 26 January. The state-owned corporation said that its 2020 revenues increased year on year by 7% to CNY267.74 billion (USD41.4 billion) and that its total profit in the year was CNY24.22 billion, a rise of 11.7% from the previous year.

The China Aerospace Science and Technology Corporation (CASC) – manufacturer of the CH-5 multi-role MALE UAV (pictured) – has reported strong financial growth for 2020. (Janes/Kelvin Wong)

The China Aerospace Science and Technology Corporation (CASC) – manufacturer of the CH-5 multi-role MALE UAV (pictured) – has reported strong financial growth for 2020. (Janes/Kelvin Wong)

CASC added that during the past year its “labour productivity” increased by 9.5%, its investment in “innovation development” activities was CNY1.96 billion, and that it had consolidated group assets worth CNY640 million. CASC said in a statement that its financial results were notable, given new challenges in the year.

“In 2020 the group went through an extraordinary development process,” said CASC in a statement. “The group overcome a complex international situation and the sudden impact of Covid-19 … to achieve major achievements in supporting the development of a world-class military.”

CASC also said that its yearly performance was aligned with the expansion it had achieved under China’s 13th Five Year Plan (FYP) during 2016 to the end of 2020. During these five years, it said, its revenues reached CNY1.2 trillion – or an average of CNY240 billion a year – and its total profits were more than CNY100 billion. CASC’s total assets at the end of 2020 were worth CNY510 billion, it said.

https://www.janes.com/defence-news/chinas-casc-reports-strong-growth-for-2020/

The China Aerospace Science and Technology Corporation (CASC) – one of the country’s most important ...

China’s CASC reports strong growth for 2020

by Jon Grevatt

The China Aerospace Science and Technology Corporation (CASC) – one of the country’s most important defence industrial enterprises – has reported strong financial growth for 2020, it announced on 26 January. The state-owned corporation said that its 2020 revenues increased year on year by 7% to CNY267.74 billion (USD41.4 billion) and that its total profit in the year was CNY24.22 billion, a rise of 11.7% from the previous year.

The China Aerospace Science and Technology Corporation (CASC) – manufacturer of the CH-5 multi-role MALE UAV (pictured) – has reported strong financial growth for 2020. (Janes/Kelvin Wong)

The China Aerospace Science and Technology Corporation (CASC) – manufacturer of the CH-5 multi-role MALE UAV (pictured) – has reported strong financial growth for 2020. (Janes/Kelvin Wong)

CASC added that during the past year its “labour productivity” increased by 9.5%, its investment in “innovation development” activities was CNY1.96 billion, and that it had consolidated group assets worth CNY640 million. CASC said in a statement that its financial results were notable, given new challenges in the year.

“In 2020 the group went through an extraordinary development process,” said CASC in a statement. “The group overcome a complex international situation and the sudden impact of Covid-19 … to achieve major achievements in supporting the development of a world-class military.”

CASC also said that its yearly performance was aligned with the expansion it had achieved under China’s 13th Five Year Plan (FYP) during 2016 to the end of 2020. During these five years, it said, its revenues reached CNY1.2 trillion – or an average of CNY240 billion a year – and its total profits were more than CNY100 billion. CASC’s total assets at the end of 2020 were worth CNY510 billion, it said.

https://www.janes.com/defence-news/chinas-casc-reports-strong-growth-for-2020/

The China Aerospace Science and Technology Corporation (CASC) – one of the country’s most important ...

China’s CASC reports strong growth for 2020

by Jon Grevatt

The China Aerospace Science and Technology Corporation (CASC) – one of the country’s most important defence industrial enterprises – has reported strong financial growth for 2020, it announced on 26 January. The state-owned corporation said that its 2020 revenues increased year on year by 7% to CNY267.74 billion (USD41.4 billion) and that its total profit in the year was CNY24.22 billion, a rise of 11.7% from the previous year.

The China Aerospace Science and Technology Corporation (CASC) – manufacturer of the CH-5 multi-role MALE UAV (pictured) – has reported strong financial growth for 2020. (Janes/Kelvin Wong)

The China Aerospace Science and Technology Corporation (CASC) – manufacturer of the CH-5 multi-role MALE UAV (pictured) – has reported strong financial growth for 2020. (Janes/Kelvin Wong)

CASC added that during the past year its “labour productivity” increased by 9.5%, its investment in “innovation development” activities was CNY1.96 billion, and that it had consolidated group assets worth CNY640 million. CASC said in a statement that its financial results were notable, given new challenges in the year.

“In 2020 the group went through an extraordinary development process,” said CASC in a statement. “The group overcome a complex international situation and the sudden impact of Covid-19 … to achieve major achievements in supporting the development of a world-class military.”

CASC also said that its yearly performance was aligned with the expansion it had achieved under China’s 13th Five Year Plan (FYP) during 2016 to the end of 2020. During these five years, it said, its revenues reached CNY1.2 trillion – or an average of CNY240 billion a year – and its total profits were more than CNY100 billion. CASC’s total assets at the end of 2020 were worth CNY510 billion, it said.

https://www.janes.com/defence-news/chinas-casc-reports-strong-growth-for-2020/

The China Aerospace Science and Technology Corporation (CASC) – one of the country’s most important ...

Loading animation

Request a free consultation to find out how in a world of fake news and ever growing conflict, Janes can provide you with unbiased, verified open-source intelligence.

Defence News Janes | The latest defence and security news from Janes - the trusted source for defence intelligence