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Unisplendour

From Wikipedia, the free encyclopedia
Chinese IT Company

Unisplendour Corporation Limited
UNIS
Native name
紫光股份有限公司
Company typePublic;State-owned enterprise
SZSE:000938
CSI A50
IndustryInformation technology
Founded18 March 1999; 26 years ago (1999-03-18)
HeadquartersBeijing, China
Key people
Yu Yingtao (chairman)
Wang Hongtao (president)
RevenueIncreaseCN¥77.31 billion (2023)
DecreaseCN¥3.69 billion (2023)
Total assetsIncreaseCN¥87.27 billion (2023)
Total equityIncreaseCN¥40.04 billion (2023)
Number of employees
19,186 (2023)
ParentTsinghua Unigroup
SubsidiariesH3C
UNIS WDC
Websitewww.thunis.comEdit this at Wikidata
Footnotes / references
[1]

Unisplendour Corporation Limited (UNIS;Chinese:紫光股份;pinyin:Zǐguāng Gǔfèn) is a partiallystate-ownedpublicly listed Chineseinformation technology company headquartered inBeijing.

UNIS acts as the listed arm ofTsinghua Unigroup.

Background

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In March 1999, Tsinghua Unigroup established UNIS. In November 1999, UNIS held itsinitial public offering becoming a listed company on theShenzhen 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 wasHewlett-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 inWestern Digital.[3] However, in February 2016, Unisplendour announced it would not move forward with its offer following a decision by theCommittee on Foreign Investment in the United States (CFIUS) to investigate the deal.[5] Instead in September 2016, UNIS formed ajoint 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]

In February 2025, it was reported that UNIS would seek asecondary listing on theHong Kong Stock Exchange.[7]

See also

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References

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  1. ^"2023 Annual Report"(PDF).Sina.
  2. ^abc"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. Retrieved6 October 2024.
  3. ^abMozur, 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. Retrieved6 October 2024.
  4. ^abHaranas, 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. Retrieved6 October 2024.
  5. ^"Chinese investor pulls out of Western Digital merger".BBC News. 23 February 2016. Retrieved6 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. Retrieved6 October 2024.
  7. ^Chuang, Aileen (27 February 2025)."Chinese IT firm Unisplendour targets US$1 billion Hong Kong listing".South China Morning Post. Retrieved9 May 2025.

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