China Electronics Technology Group Corporation
China Electronics Technology Group Corporation (CETC; 中国电子科技集团公司; zhongguo dianzi keji jituan gongsi) is a Chinese state-owned company established in 2002. Its fields include communications equipment, computers, electronic equipment, IT infrastructure, networks, software development, research services, investment and asset management for civilian and military applications. It was founded with the stated goal of leveraging civilian electronics for the benefit of the People's Liberation Army.
| Company type | State-owned enterprise |
|---|---|
| Industry | Defence, Electronics, Telecommunications, IT |
| Founded | March 1, 2002 |
| Headquarters | , |
Area served | Worldwide |
Key people | Xiong Qunli (Chairman and President) |
| Products | Radars, Unmanned aerial vehicles, Electronic equipment, Telecommunications equipments, Software, Internetworking |
| Revenue | 220,427,000,000 renminbi (2018) |
| CN¥ 188 billion (2016) | |
Net income | CN¥ 18.31 billion (2016) |
| Total assets | $51.672 million |
| Owner | Chinese Central Government (via State Council) (100%) |
Number of employees | 150,000 |
| Subsidiaries | CET HIK Group (100%) |
| Website | http://www.cetcei.com |
| China Electronics Technology Group Corporation | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 中国电子科技集团公司 | ||||||
| Traditional Chinese | 中國電子科技集團公司 | ||||||
| |||||||
| CETC | |||||||
| Simplified Chinese | 中国电科 | ||||||
| Traditional Chinese | 中國電科 | ||||||
| Literal meaning | China Electronics Technology | ||||||
| |||||||
In 2021, CETC became the third largest electronics and IT company in China after absorbing Potevio, with a combined revenue of $53 billion in 2019, behind only Huawei and Lenovo.
The company also handles electronic parts and systems for radars, missiles, key components for satellites in the BeiDou network, semiconductors, antennas for wireless infrastructure as well as equipment for autonomous-driving technology.