China Aerospace International Holdings facts for kids

Quick facts for kids
China Aerospace International Holdings

Trade name	CASIL
Formerly	Conic Investment Co., Ltd.
Type	public company
Traded as	SEHK: 31
Industry	conglomerate electronic real estate development
Predecessor	Chee Yuen Industrial
Founded	25 July 1975; 49 years ago (1975-07-25)
Founder	Alex Au
Headquarters	Hung Hom, Kowloon , Hong Kong
Key people	Gong Bo (non-executive chairman) Li Hongjun (president & director) Jin Xuesheng (vice-president & director)
Products	electronic goods CRT television (discontinued)
Brands	Contec (discontinued)
Revenue	HK$03.088 billion (2016)
Net income	HK$00796 million (2016)
Total assets	HK$12.785 billion (2016)
Total equity	HK$06.190 billion (2016)
Parent	China Aerospace Science and Technology Corporation
Chinese name
Traditional Chinese	中國航天國際控股有限公司
Simplified Chinese	中国航天国际控股有限公司
Literal meaning	China Aerospace International Holdings Limited Company
Transcriptions Standard Mandarin Hanyu Pinyin Zhōng guó háng tiān guó jì kòng gǔ yǒu xiàn gōng sī Yue: Cantonese Jyutping zung1 gwok3 hong4 tin1 gwok3 zai3 hung3 gu2 jau5 haan6 gung1 si1
Chinese short name
Traditional Chinese	航天控股
Simplified Chinese	航天控股
Transcriptions Standard Mandarin Hanyu Pinyin háng tiān kòng gǔ Yue: Cantonese Jyutping hong4 tin1 hung3 gu2
former Chinese name
Traditional Chinese	康力投資
Simplified Chinese	康力投资
Literal meaning	Conic Investment
Transcriptions Standard Mandarin Hanyu Pinyin Kāng lì tóu zī Yue: Cantonese Jyutping hong1 lik6 tau4 zi1
Footnotes / references in consolidated financial statement

China Aerospace International Holdings Limited, often called CASIL, is a big company based in Hong Kong. It is a part of a larger Chinese government-owned company called China Aerospace Science and Technology Corporation. CASIL is also a public company, which means its shares can be bought and sold on the Stock Exchange of Hong Kong.

In the past, CASIL made electronic products and plastic parts. Now, it is a diverse company that makes high-tech products and invests in properties.

History of CASIL

Conic Investment: The Early Years

CASIL was first known as Conic Investment Co., Ltd. It started in British Hong Kong on July 25, 1975. Conic Investment was the main company for a group of businesses called Conic Group. This group included companies that made electronics and plastic items. Some of these were Cony Electronic Products and Chee Yuen Industrial Company. Conic also had its own brand called Contec.

The Conic Group even had a film company called Conic Film Productions. They also had a music department that released albums for famous singers like Sam Hui. There was also a TV studio called Conic TV Studio, which later became Centro TV.

In 1980, Conic Investment was one of the biggest electronics makers in Hong Kong. They built a factory in Tai Po Industrial Estate to make CRT televisions. Conic Investment also started investing in mainland China early on. They opened a factory in Fuzhou to repair their products.

The company became public on the Hong Kong stock exchange on August 25, 1981. This meant people could buy shares of the company.

In 1983, Conic Investment bought a building in Hong Kong to use as its main office. They also bought Conic Semiconductor, which made liquid-crystal display panels.

Changes and New Ownership

In 1984, a Chinese government-owned company called China Resources became the main owner of Conic Investment. This happened when China Resources bought many shares from the company's founder, Alex Au. After this, new directors from China Resources took over.

Under its new owners, Conic Investment started to focus more on business in mainland China.

Becoming China Aerospace International Holdings

In 1993, another Chinese government-owned company, China Aerospace Science and Technology Corporation (CASC), bought Conic Investment. This was a way for CASC to become a public company in Hong Kong. Conic Investment then changed its name to China Aerospace International Holdings Limited.

Even though the company changed hands, some of its original businesses stayed. Over time, many of the group's factories moved to mainland China.

In 2005, the company sold its old head office building in Hung Hom for HK$330 million.

CASIL also owned a part of APT Satellite International, which operates Apstar satellites. In 2011, CASIL sold its share of this company to its parent company, CASC.

CASIL was also involved in a project to develop an area near the Wenchang Spacecraft Launch Site in China. However, they left this project in 2016.

What CASIL Owns (Subsidiaries)

A subsidiary is a company that is controlled by another company. CASIL owns many companies.

Current companies CASIL owns

• CASIL Semiconductor: This company used to be called Conic Semiconductor.
• CASIL Electronic Products: This used to be Cony Electronic Products.
• Chee Yuen Industrial Company
• Jeckson Electric Company
• Jeckson Electronics Company: This was once Far East United Electronics.
• Hong Yuen Electronics

Former companies CASIL owned

• CASIL Satellite
• CASIL Telecommunications

Former companies from the Conic era

• Bony Electronics
• Contec Electronics, Inc. (in the United States)
• Hop Cheong Plastic Manufactory
• Hung Nien Electronics
• Jecko Electronics
• Jeckwell Electronics

Joint Ventures

A joint venture is a business project that two or more companies work on together.

Former joint ventures

• Xiamen Overseas Chinese Electronic Company (CASIL owned 50% of this company)

Who Owns CASIL (Shareholders)

As of December 31, 2016, the main owner of CASIL is:

See also

• China Healthcare Enterprise Group [zh], another electronics company started by a former Conic Investment employee.
• APT Satellite Holdings, a related company in Hong Kong.
• China Energine, another related company in Hong Kong.