- Business
- Aerospace CH UAV Co., Ltd. (002389.SZ) develops, manufactures and sells unmanned aerial vehicles and related mission equipment including weapon systems, alongside new material products such as optical grade polyester films, solar cell backsheet films, packaging films and electronic films; it provides system solutions, technical services, software design and real estate leasing. The company, founded in 2001 and headquartered in Beijing with operations centered in China including facilities in Taizhou, Zhejiang, operates primarily in the aerospace and defense sector targeting military, government and commercial customers for applications in surveillance, reconnaissance, strike missions, low-altitude economy tasks like emergency mapping, forest firefighting, marine monitoring and logistics. Core UAV products encompass the CH-3D low-cost medium-range multi-purpose drone; CH-4 and CH-4D medium-high altitude reconnaissance-strike drones; CH-5 and CH-9 medium-high altitude long-endurance drones; CH-817A portable swarm drone system; and YH-1000 unmanned transport aircraft, complemented by air-to-ground missiles like Archer-1 and Archer-2. In recent developments, the company showcased the CH-9, CH-4D and YH-1000 at the first Western Low-Altitude Economy Expo in July 2025 and secured a major domestic order for CH-4 from the National Basic Geographic Information Center for aerial emergency mapping; it anticipates a market rebound in the second half of 2025 with increased drone deliveries following delayed orders, advances research in tilt-rotor UAVs, swarm tactics, loitering munitions and low-altitude logistics, and plans investment in Chongqing Saihong via non-monetary assets to expand low-altitude economy initiatives. Previously known as Zhejiang Nanyang Technology Co., Ltd., it underwent major asset restructuring in December 2017 under control of China Aerospace Science and Technology Corporation's 11th Research Institute.