Growth of Integrated IT Services Boosted Operating Results
Turnover Up 12% To HK$839 Million
Profit Attributable to Equity Holders Soared 25% to HK$163 Million
HONG KONG, Sept. 3 /PRNewswire-Asia-FirstCall/ --
Financial Highlights For the 6 months ended 30 June (HK$’000)
2009 2008 Change
Turnover 839,759 748,916 +12.1%
Gross profit (Gross margin) 227,341(27.1%) 199,610(26.7%) +13.9%
Profit attributable to
equity holders 163,354 130,567 +25.1%
Basic earnings per share HK5.12 cents HK 4.33 cents +18.2%
Inspur International Limited ("Inspur International" or the "Group")
(SEHK: 596) today announced its interim results for the 6 months ended 30 June 2009 (the "Period").
Having been successfully transformed to an integrated IT services provider, Inspur International recorded a turnover of HK$839,759,000 (2008: HK$748,916,000) in the Period, representing a 12.1% year-on-year growth. Due to the change in sales mix and IT services yielded higher margin, the Gross profit soared to HK$227,341,000 (2008: HK$199,610,000), representing an increase of 13.9% as compared to the corresponding period last year. The gross margin jumped from 26.7% to 27.1%. Profit attributable to equity holders amounted to HK$163,354,000 (2008: HK$130,567,000), representing a robust growth of 25% as compared to the corresponding period last year.
Turnover by segment For the 6 months ended 30 June (HK$’000)
2009 % of 2008 % of % Change
total total
Turnover Turnover
Sales of IT Services 521,908 62.2% 425,121 56.8% +22.8%
Trading of Computer 138,839 16.5% 139,687 18.7% -0.6%
Trading of Computer
Components 179,013 21.3% 184,108 24.5% -2.8%
Total 839,759 100% 748,916 100% +12.1%
Mr. Sun Pishu, Chairman of Inspur International said, "With the smooth business transformation and integration, the Group’s services covering taxation, finance, ERP, telecommunication and e-government sectors have developed in a balanced way. Among which, the growth in the ERP and telecommunication system and network is remarkably encourage. In the sector of ERP, the Group continued to consolidate its leading position in the high-end market by entering into agreements of software supply and service with major enterprises under the SASAC, such as Sinopec, Sinograin, CCHRP, China Railway Group, CRCC, China Aerospace Science and Technology, Air China, etc, all these ensure stable sales volume. In the field of telecom, since the launching of 3G this year, the three major telecom operators in the PRC are establishing a large-scale 3G network. Being one of the major service providers to telecom operators, Inspur International offered localized technology supporting services for the three operators in the PRC. Currently, the Group’s operation supporting system has presence in the market of China Mobile in 15 provinces, the market of China Unicom in 5 provinces and the market of China Telecom in a number of provinces."
Mr. Sun added, "The growth in the tax management sector is also enormous. At present, a total of 11 provincial and municipal taxation authorities have completed the tender of tax-collection cashier machines and the Group was chosen by 9 of them to enter into the final round of selection. The sale of tax-collection cashier machines has ranked first for 6 consecutive years and has outperformed its peers with a market share of over 25%. Looking ahead, leveraging our competitive edges in our major industries, the Group will endeavour to reallocate our internal and external resources for the industry and enterprise, expand the business scale and market share through joint venture, alliance and acquisition."
About Inspur International Limited (HKEX: 596)
Inspur International is a leading domestic integrated IT services supplier principally engaged in solution provision with competitive edges in ERP, taxation, telecom, finance, E-government, software outsourcing, etc. Inspur International has strong capability in these areas and achieves high ranking among its peers. Through the support of its parent company, Inspur Group, and Microsoft Corporation, the strategic investor, Inspur International strives to enhance its value-added IT services and expands in both domestic and international market. Inspur International transferred its listing to the Main Board of HKEX on 29 August 2008.
Issued by PR ASIA Consultants Limited on behalf of Inspur International Limited
