Qingdao Zhong-ke-Hang-Xing Science and Technology Ltd.

In 2018, the company completed the equity transfer and capital increase and share expansion, after this the registered capital is CNY 225 million, of which IET’s investment of CNY 99 million as proprietary intellectual property rights. The company is mainly engaged in research and development, production, sales and after-sales maintenance services for light aero engines, besides, it undertakes the production and assembly of integral blade discs, impellers, shafts, casings, components and test pieces for aero-engines and gas turbines. After more than two years of development, the company has the full-process service capability from engine design, component manufacturing, completed machine assembly, factory commissioning to field support, effectively shortening the product development cycle and production cycle, and enhancing the batch production capacity.

In 2018, the company achieved sales revenue of 67.04 million, and accumulated orders of more than CNY 100 million. In addition, it has obtained four certificates of military industry and officially incorporated into the military procurement system; it has been awarded the honorary title of “High-tech Enterprise” and Qingdao Science and Technology Progress Second Prize.