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)

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.”

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)

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.”

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)

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.”

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)

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.”

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)

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.”

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)

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.”