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FORTUNE China released (under world-wide synchronization) the latest Fortune Global 500 list on the evening of July 19, 2018 Beijing time.
CASIC was still listed there with an operating income of USD 34.073 billion, ranking 346th, an increase of 9 places from the previous year.
For this year's Fortune Global 500, the number of Chinese companies on the list reaches 120, second only to the United States' 126, ranking second. Moreover, there are a total of 48 short-listed central enterprises supervised by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).
On the 2018 Fortune Global 500 "Aerospace and Defense" list, CASIC ranked 9th.
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.
In recent years, CASIC have always taken development as its top priority, so that its innovation-driven capability is significantly enhanced and its economy keeps registering a stable performance with good momentum for growth. It has ranked A for 11 consecutive years in the assessment for operating performance of heads of central enterprises published by SASAC, and 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.
