Profit pours from the smart eye in the sky

A Wuhan-based high-tech company is coasting on China's self-developed Beidou satellite navigation system toward profits.

Wuhan Optics Valley Beidou Holding Group Co Ltd, in Central China's Hubei province, is confident it can grow its overseas presence through export of the Beidou technology.

"Exports accounted for only 30 to 40 percent of our sales in 2015. Our business in Thailand has received government approval. I expect the share of overseas sales to rise to 50 percent in the future," said Du Li, vice-president of Optics Valley Beidou.