Beijing: A Chinese mining company has claimed to have successfully test-fired a supersonic missileinfo-icon, touted as a potential competitor to the Indo-Russian joint venture BrahMos missile, according to the Chinese state mediainfo-icon.

The test conducted on Monday at a discreet location in North Chinainfo-icon verified the launch, power and flight control systems, state-run Global Times reported while indicating that Beijing's all-weather ally, Pakistaninfo-icon could be one of its buyers.

All parameters for the supersonic flight of the HD-1 missile achieved their estimated values, it quoted a statement released by Guangdong Hongda Blasting Company located in southern China.

"The test flight shows that the HD-1's core components are now mature, with its aerodynamic design, materials and overall structure already proven viable," Wei Dongxu, a Beijing-based military analyst, told the daily.

Hongda independently invested in and developed the HD-1 missile, the statement said.

Wei said the mining company's move to build and test a supersonic missile is an excellent example of military-civilian integration.

Established in 1988, Hongda is a mining company based in Guangzhou, capital of South China's Guangdong Province that also manufactures blasting and military equipment.

The HD-1's advanced solid fuel ramjet needs less fuel than its competitors, rendering the lighter missile able to fly faster and farther, Wei said.

After governmental approval, Hongda intends to sign deals and mass-produce the HD-1 for export, the report said.

There are not many such supersonic missiles available on the international defence marketinfo-icon, Wei said.

Pakistan and Middle Eastern countries are likely to show interest given the weapon's potential to break anti-missile systems at supersonic speeds, he said, claiming that the new missile could be cheaper than the BrahMos.

"The BrahMos missile is a more expensive, less useful supersonic cruise missile developed by Indiainfo-icon and Russiainfo-icon," Wei claimed.

Hongda will participate in Airshow China 2018 in Zhuhai, South China's Guangdong Province next month, a company spokesperson said.

The HD-1 is a comprehensive weapon system consisting of missile, launch, command and control, target indication and comprehensive support systems, Hongda had said in a separate statement released earlier.

The HD-1 can be adapted to aircraft and ships as well as the basic ground-based vehicle version, the company said.

The total investment in HD-1 is expected to top 1.3 billion yuan (about USD 188 million).