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Unisplendour

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Unisplendour Corporation Limited
UNIS
Native name
紫光股份有限公司
Company typePublic; State-owned enterprise
SZSE: 000938
IndustryInformation technology
FoundedMarch 18, 1999; 25 years ago (1999-03-18)
HeadquartersBeijing, China
Key people
Yu Yingtao (Chairman)
Wang Hongtao (President)
RevenueIncrease CN¥77.31 billion (2023)
Decrease CN¥3.69 billion (2023)
Total assetsIncrease CN¥87.27 billion (2023)
Total equityIncrease CN¥40.04 billion (2023)
Number of employees
19,186 (2023)
ParentTsinghua Unigroup
SubsidiariesH3C
UNIS WDC
Websitewww.thunis.com Edit this at Wikidata
Footnotes / references
[1]

Unisplendour Corporation Limited (UNIS Chinese: 紫光股份; pinyin: Zǐguāng Gǔfèn) is a partially state-owned publicly listed Chinese information technology company headquartered in Beijing.

UNIS acts as the listed arm of Tsinghua Unigroup.

Background

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In March 1999, Tsinghua Unigroup established UNIS. In November 1999, UNIS held its initial public offering becoming a listed company on the Shenzhen Stock Exchange.[2]

During its early years, UNIS operated at low profitability and suffered losses in 2001 and 2005. Its main business line of IT distribution had low profit margins.[2]

In May 2015, UNIS acquired a 51% stake in H3C for $2.3 billion. It was Hewlett-Packard's Chinese server, storage and technology business.[3][4] H3C significantly increased the profitability of UNIS.[2]

In September 2015, UNIS agreed to pay $3.78 billion for a 15% stake in Western Digital.[3] However, in February 2016, Unisplendour announced it would not move forward with its offer following a decision by the Committee on Foreign Investment in the United States (CFIUS) to investigate the deal.[5] Instead in September 2016, UNIS formed a joint venture with Western Digital named UNIS WDC.[6]

In May 2024, Hewlett Packard Enterprise announced that UNIS would acquire a further 30% stake in H3C for $2.1 billion.[4]

See also

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References

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  1. ^ "2023 Annual Report" (PDF). Sina.
  2. ^ a b c "150亿世纪大交易!紫光、惠普谁更精明?交易逻辑大拆解:标的新华三有何魔力?豪门间四度易主". stcn.com. Archived from the original on 19 June 2024. Retrieved 6 October 2024.
  3. ^ a b Mozur, Paul (30 September 2015). "Unisplendour of China Buys 15% Stake in Western Digital". The New York Times. Archived from the original on 5 December 2023. Retrieved 6 October 2024.
  4. ^ a b Haranas, Mark. "HPE To Sell 30 Percent Stake In H3C For $2.1B; Amends China Joint Venture Deal". www.crn.com. Archived from the original on 28 May 2024. Retrieved 6 October 2024.
  5. ^ "Chinese investor pulls out of Western Digital merger". BBC News. 23 February 2016. Retrieved 6 October 2024.
  6. ^ "Tsinghua Unisplendour forms JV with Western Digital - China.org.cn". www.china.org.cn. Archived from the original on 10 September 2016. Retrieved 6 October 2024.
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