According to the major decisions of the CPC Central Committee, the State Council and the Central Military Commission on deepening the reform of the national defense science, technology and industry system, it was reorganized and formed on the basis of the former China Ordnance Industry Corporation (the other is China Ordnance Industry Corporation).
As one of the top ten military enterprises in China, it is a super-large state-owned key enterprise directly managed by the central government, a central enterprise and an enterprise with separate plans. China Ordnance Equipment Group Corporation is a top 500 enterprise in the world and a top 30 enterprise in China. The group company now has more than 50 enterprises and R&D institutions such as Chang 'an, Tianwei, Jialing and Jianshe, and has established more than 30 production bases and marketing networks around the world, and established strategic cooperative relations with multinational companies such as Ford, Suzuki, Mazda, Yamaha and Fuji. The group company's annual sales income exceeds 200 billion yuan, and its main economic indicators rank first in the national defense science and technology industry, ranking among the top 500 enterprises in the world and ranking 275. At present, the group company has four major industrial sectors: special products, vehicles, new energy and equipment manufacturing. Special products and equipment Our armed forces play an important basic and strategic role in the field of national defense.