Aerospace CH UAV (SHE:002389) partnered with Shaanxi Zhongtian Rocket Technology (SHE:003009) to establish a joint venture, according to Tuesday disclosures on the Shenzhen bourse.

The venture, Xinjiang Zhongtian Rocket Artificial Weather Modification Technology, will produce forest fire prevention products, chemical products and high-performance fiber materials, as well as other related products. It will have a registered capital of 50 million yuan.

The aerial vehicle company will own 20% while the solid rocket producer will hold 80% of the venture after investing 10 million yuan and 40 million yuan, respectively.

Aerospace CH UAV's shares jumped less than 4% during the midday trade.