AVIC Power is a central enterprise. AVIC Power, namely China Hangfa Power Co., Ltd., is mainly engaged in aero-engines and derivative products, foreign trade subcontracting production, non-aviation products and trade. China Hangfa Electric Power Co., Ltd. was formerly AVIC Electric Power Co., Ltd. and Jilin Huarun Biochemical Co., Ltd. ..
China Hangfa Electric Power Co., Ltd. was established on May 28th, 1993. The controlling shareholder is China Hangfa Xi 'an Aeroengine Co., Ltd., and the actual controller is China Aeroengine Group Co., Ltd., headquartered in Xi 'an, Shaanxi Province.