SHENZHEN, China, Dec. 10 /PRNewswire-Asia/ -- Winner Medical Group Inc. (NYSE Amex: WWIN; "Winner Medical", or the "Company"), a leading manufacturer and exporter of medical, wound care and home care products in China, today announced that it will introduce SAP Human Capital Management (SAP HCM) on December 14, 2009 to systematize its human resource management. The Company will fully implement and operate the system throughout its headquarters and subsidiaries in June, 2010.
The SAP HCM software consists of many sub modules which include organization management, personnel administration, training and event management, recruitment, payroll, compensation management, budget management and so on. The software will provide the Company full functional information and solutions to forecast, retain and motivate talent aligned with the Company's long-term goals. The Company plans to implement and operate the system throughout its headquarters and subsidiaries in June 2010.
Jianquan Li, Chairman and Chief Executive Officer of Winner Medical, commented, "We are committed to introducing the most robust technology solutions to cultivate and motivate our intellectual talent. We launched the Systems, Applications and Products in Data Processing Enterprise Resource Planning (or SAP ERP) system in 2006, with five modules, namely materials management, sales and distribution, production, financial accounting and controlling. This has enabled us to increase net income, reduce inventory turnover and account receivable period, as well as reduce unit product cost dramatically and significantly, as evidenced by the strong growth in 2009 earnings. We will continue to strengthen and optimize our current SAP ERP system to prudently manage our costs while providing us with additional long-term competitive advantages."
About Winner Medical:
Winner Medical is a leading manufacturer and the largest exporter by volume in the medical dressing industry in China. Headquartered in Shenzhen, the Company has seven wholly-owned operating subsidiaries and four joint ventures with over 5,000 employees. The Company engages in the manufacturing, sale, research, and development of medical care products, wound care products, home care products and PurCotton(R) products, a nonwoven fabric made from 100% natural cotton. The products are sold worldwide, with Europe, the United States and Japan serving as the top three markets. The Company currently holds more than sixty patents and patent applications for various products and manufacturing processes and is one of the few Chinese companies licensed by the U.S. Food and Drug Administration (FDA) to ship finished, sterilized products directly to the United States market. To learn more about Winner Medical, please visit Winner Medical's web site at http://ir.winnermedical.com .
Forward-Looking Statements:
This press release contains certain statements that may include "forward- looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding Winner Medical and its subsidiary companies' business strategy, plans and objective and statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although Winner Medical believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Winner Medical's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Winner Medical's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to Winner Medical or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, Winner Medical does not assume a duty to update these forward-looking statements.
For more information, please contact:
Company:
Peng Zhai
Investor Relations Manager
Winner Medical Group Inc.
Tel: +86-755-2806-6858
+86-755-2813-8888 x691
Email: investors@winnermedical.com
Web: http://ir.winnermedical.com
Investors:
Mr. Matthew Hayden, HC International
Tel: +1-561-245-5155
Email: matt.hayden@hcinternational.net
Web: http://www.hcinternational.net