Why did Aerospace Science and Technology become a shareholder in Honghua?

It is an important strategic deployment to enter the energy equipment manufacturing and even lay out the energy sector.

According to Sichuan View News, Chen Yajun, chairman of Honghua Group, said that holding Honghua is an important strategic deployment for aerospace science and technology to enter the energy equipment manufacturing and even lay out the energy sector. The important reason why Honghua is valued is its leading position in the onshore oil drilling rig manufacturing industry. At present, Honghua's sales of onshore oil rigs are nearly 10 billion yuan, and it has become the largest exporter of complete sets of oil rigs in China and the largest onshore oil rig manufacturer in the world. It can be seen that the reason why aerospace science and technology invested in Honghua is an important strategic deployment for it to enter the energy equipment manufacturing and even lay out the energy sector.