China Ordnance Equipment Group Co., Ltd. is an important state-owned backbone enterprise directly managed by the central government, a core force in national defense science and technology industry, and a strategic enterprise in national defense construction and national economic construction. As the cradle of China's national industry and the people's military industry, the Group shoulders the sacred mission of "strengthening the military to serve the country, strengthening the enterprise and enriching the people". Its predecessor can be traced back to the Fifth Ministry of Machinery, the Ministry of Weapons Industry and the National Machinery Industry Commission. The Group has been among the top 500 companies in the world for many years, ranking 101 at the highest.