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On July 17, 2018, SASAC convened the meeting of local SASAC heads of central enterprises, and released the list of Grade A enterprises from the assessment for operating performance of heads of central enterprises in 2017. CASIC has ranked A for 11 consecutive years in this assessment.
In 2017, while making every effort and investing more energy to deal with a series of longstanding issues, CASIC successfully accomplished the annual tasks and the operating performance target in relation to SASAC assessment, and made an excessive realization of annual business plan indicators, with its operation presenting a good momentum for faster but stable development. On a year-on-year basis, its operating income increased by 13.5%, total profit by 11.2%, net profit by 10%, economic value added by 10.1%, and overall labor productivity by 13.6%. CASIC ranked 355th, 80th and 46th in the top 500 enterprises of the world, the top 500 enterprises of China and the top 500 most valuable brands of China.
In 2017, under the strong leadership of the Party Central Committee, the State Council and the Central Military Commission, CASIC deeply implemented the development strategy related to the transformation and upgrading of its Party Committee and a series of strategic initiatives. Through hard work, it achieved remarkable results in various fields, and its capability in respect of informationized, socialized, marketized and internationalized development was significantly improved. All these indicate that CASIC has made a solid stride towards the goal of initially developing itself into a world-class aerospace defense company.
On the evening of July 19, 2018, the latest Fortune Global 500 list was released under world-wide synchronization. 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.
