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Hunan Aerospace Economic Development Co.,Ltd.
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Company Profile

Hunan Aerospace Economic Development Co., Ltd (hereinafter shortened as Hang Fa), is a subsidiary business entity in the tertiary industry market established by the China Aerospace 068 Base in the early 1990s. After nearly two decades of development, through merging and reorganizing, and several times of asset restructuring and departmental integrating, Hang Fa currently focuses on international trade and engages mainly in the sales of automobiles, medical equipment, magnetic holding relays and other electrical items. Meanwhile, the company owns sales income of property management and auto parts, as supplement of the company business. Hang Fa is expanding its business to multiple industries and aims to turn into a dynamic and diversified development.

Display of Business Ability
1.International Trade
Hang Fa established international trade in April 2016. In just a few months, the company has proceeded practical pace of business. Imported and exported products of the company include paper articles, sunflower oil, automobiles, tool vehicles, and centrifuges, etc. At present, the exported paper articles already gains market share in Africa, and the company imports high-quality sunflower oil to the Chinese market. International trade has become the dominant business sector in the company, Hang Fa will continue to promote its business steadily and focus on internationalization to facilitate the company business transformation.
2.Auto Trade
The Auto Trade Department of Hang Fa was established in 2003, and set up a 4S store in the center of the Auto City in Xingsha (a county of Changsha), mainly engaging in the agency of selling Jianghuai Light Truck series. With advanced marketing, professional sales team and the mission of “creating value for customers”, the 4S store gradually turns into a top flagship store of Jianghuai light trucks with highly effective sales and after-sales experience for the customers. The store was awarded one of the top 10 dealers countrywide for 5 consecutive years, and one of the top 5 sales champions countrywide for 3 years. The annual sales continue to increase, the sales peak has reached 3000 units.
3.Medical Equipment
As an important part of the transforming and upgrading program, the Medical Equipment Department of Hang Fa was founded in August 2012, of which the main business includes selling medical equipments and IVD reagents worldwide. High-quality products and service are provided for hospital clinical departments such as laboratory, ICU, operation room, and medical imaging, etc. The sales grow with fast development each year. Hang Fa currently owns provincial agency of numbers of international and domestic brands. The company deals in the sales of medical equipment of I, II, III categories (including 6840 IVD reagents).
4.Electricity Sales
Under the request of the China Aerospace Corporation, Hang Fa quitted the real estate market. And at a key point of following the on-going policy “Transforming and Upgrading, Creating A New Career”, Hang Fa realizes that electricity selling system is the biggest highlight of the latest supply system reformation in China, the company responds promptly on the national new policy on electricity system reformation, catching the opportunity and sets up the Electricity Selling Department. This makes Hang Fa one of the first companies in Hunan Province getting professional qualification to sell electricity, pioneering in electricity system reform among entities in Hunan. 
5.Domestic Trade
Under the request of the China Aerospace Corporation, Hang Fa quitted the real estate market. And at a key point of following the on-going policy “Transforming and Upgrading, Creating A New Career”, Hang Fa realizes that electricity selling system is the biggest highlight of the latest supply system reformation in China, the company responds promptly on the national new policy on electricity system reformation, catching the opportunity and sets up the Electricity Selling Department. This makes Hang Fa one of the first companies in Hunan Province getting professional qualification to sell electricity, pioneering in electricity system reform among entities in Hunan. 
6.Others
In addition to the company’s main business, Hang Fa also manages other steady income from property tenancy and management. Gradually, all business will be managed more standardized and integrated, to serve for the aim of better company operation.

Corporate Culture

Hang Fa is a vibrant and boomingly-developing enterprise, the company adheres to the Aerospace Group’s guiding instruction “diligent, dedicated, effective and practical”, promotes the spirit of “excellence, perfection, extension and creation”, depends on the “Three Platform” of the Aerospace Group, follows the transformation and development strategy “1+2+3+4+5+N”, emphasizes the importance of market orientation, creation, quality and development, aiming to reach the company’s goal of “transforming and upgrading” to obtain a more successful future.
Copyright ? 2014 Hunan Aerospace CO.,Ltd. All Rights Reserved.
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