IT Business
Inquire NowDescription
The IT Business division of CITIC Group has shown remarkable growth and innovation, with a total information industry asset value of RMB 16.5 billion as of the end of 2007, reflecting a slight 0.2% increase from the previous year. The division achieved an impressive operating income of RMB 2.60 billion and a total profit of RMB 1.16 billion, marking significant increases of 21.8% and 754.6% over 2006, respectively. The backbone network, known as Pentium One, has been a substantial revenue generator for CITIC Networks Co., Ltd. Additionally, Great Wall Broadband Network Services Co., Ltd. has made strides in reducing its operating losses.
The establishment of a satellite branch under CITIC Networks, which began operations for Asia Satellite Telecommunications Co., Ltd. in China after obtaining a license to lease and sell satellite transponders, signifies a major expansion into satellite communications. The cable business is also thriving, with Henan Cable TV Company preparing for digitization and seeking to increase subscription fees, currently boasting 1.77 million subscribers. Furthermore, Chongqing Cable TV Company is actively working on integrating district- and county-level networks to enhance service delivery and operational efficiency.
Specifications
| Attribute | Details |
|---|---|
| Asset Value | RMB 16.5 billion |
| Operating Income (2007) | RMB 2.60 billion |
| Total Profit (2007) | RMB 1.16 billion |
| Profit Increase Over 2006 | 754.6% |
| Subscribers (Henan Cable TV) | 1.77 million |
Additional Information
The IT Business division is committed to continuous innovation and improvement, focusing on integrating advanced technologies within its services. The digitization efforts and expansion into satellite communications reflect its strategic approach to meet the growing demands of the information industry in China.
