The Only IT Corporation Ranked Among Top 100
HONG KONG, Nov. 2 /PRNewswire-Asia-FirstCall/ -- Inspur Group Co., Ltd ("Inspur Group"), parent company of Inspur International Limited (SEHK: 596), ranked third among the "500 Competitive Corporations in China 2008," announced by the Ministry of Industry and Information Technology of the National Bureau of Statistics of the PRC in Beijing on 24 October, and was the only IT corporation ranked among the top 100.
Mr. Sun Pishu, President of Inspur Group said, "2008 was under the shadow of financial turmoil, with both economic efficiency indexes and competitiveness integrated indexes of corporations in China dropping slightly, while Inspur Group recorded a highest ever growth as turnover rose by 20%, and net profit grew by 30%, allowing Inspur Group to rank top 3 among '500 Competitive Corporations in China'. All of these are leveraged on the Group's continuous beliefs in creativity and internationalization to enhance integrated competitiveness of the brand."
Mr. Sun added, "Annual investment in research and development of Inspur Group has been sustained as 6% of turnover for many years, which is the highest among the IT industry, and towers over the ratio of R&D expenditure as 1.2% of total turnover of corporations in China in 2008, which illustrates the Group's emphasis in R&D, leading to the Group's continuous growth beneath the crisis."
In 2008, Inspur Group not only recorded growth despite the financial crisis, but also acquired remarkable development internationally. Inspur Group is the only corporation in China with leading strengths in both soft- and hardware arenas, leading to synergistic use of resources for soft- and hardware businesses in the process of internationalization. There is rapid development in international businesses under the financial crisis, overseas bases of the Group have currently expanded to 14 countries, including South America, Africa and western Asia, etc.
The "500 Competitive Corporations in China 2008" is a nationwide corporation research conducted by the National Bureau of Statistics, which is divided into a capability index and structural index according to the competitive criteria of corporations. The Capability index is comprised of 47 criteria in three categories of sustainability, development and potential, while the structural index is comprised of 11 criteria in five categories of policy, strategy, incentive, management and innovation. Through a series of scientific analysis and processes, research teams of the National Bureau of Statistics finally came up with optimum ratios among all criteria, adding to the competitiveness index.
About Inspur Group
Inspur Group is leading supplier of computing platforms and IT application solutions in China, and is engaged in five business segments -- computer, software, intelligent terminal, mobile communication, semi-conducting illumination, -- with two A-share companies, Inspur Information and Inspur Software, and Inspur International Limited listed in Hong Kong Stock Exchange. With subsidiaries covering all over China, the Group has R&D and manufacturing centres in places that include America, Japan, Venezuela and Hong Kong. A pioneering and innovative corporation in China, it possesses the only state important lab founded in cooperation with the Inspur Hi-performance Server and Storage Technology National Key Lab. With revenue of 23.2 billion in 2008, it's ranked third among "500 Competitive Corporations in China 2008" (National Bureau of Statistics, 2009).
