Unisplendour
{{Short description|Chinese IT Company}}
{{Use dmy dates|date=October 2024}}
{{Infobox company
| name = Unisplendour Corporation Limited
| trading_name = UNIS
| native_name = 紫光股份有限公司
| logo = Unisplendour.png
| former_name =
| type = Public; State-owned enterprise
| traded_as = {{SZSE|000938}}
CSI A50
| predecessor =
| foundation = {{start date and age|1999|03|18}}
| location = Beijing, China
| founders =
| key_people = Yu Yingtao (chairman)
Wang Hongtao (president)
| revenue = {{Increase}} {{CNY|link=yes|77.31 billion}} (2023)
| net_income = {{Decrease}} {{CNY|link=yes|3.69 billion}} (2023)
| assets = {{Increase}} {{CNY|link=yes|87.27 billion}} (2023)
| equity = {{Increase}} {{CNY|link=yes|40.04 billion}} (2023)
| owner =
| num_employees = 19,186 (2023)
| parent = Tsinghua Unigroup
| subsid = H3C
UNIS WDC
| industry = Information technology
| homepage = {{Official URL}}
}}
Unisplendour Corporation Limited (UNIS; {{Zh|c=|p=Zǐguāng Gǔfèn|s=紫光股份}}) is a partially state-owned publicly listed Chinese information technology company headquartered in Beijing.
UNIS acts as the listed arm of Tsinghua Unigroup.
Background
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.{{Cite web |title=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 |url=https://stcn.com/article/detail/1226198.html |access-date=6 October 2024 |website=stcn.com |archive-date=19 June 2024 |archive-url=https://web.archive.org/web/20240619212210/https://stcn.com/article/detail/1226198.html |url-status=live }}
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.
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.{{Cite web |last=Mozur |first=Paul |date=30 September 2015 |title=Unisplendour of China Buys 15% Stake in Western Digital |url=https://www.nytimes.com/2015/10/01/technology/unisplendour-of-china-buys-15-stake-in-western-digital.html |website=The New York Times |access-date=6 October 2024 |archive-date=5 December 2023 |archive-url=https://web.archive.org/web/20231205154036/https://www.nytimes.com/2015/10/01/technology/unisplendour-of-china-buys-15-stake-in-western-digital.html |url-status=live }}{{Cite web |last=Haranas |first=Mark |title=HPE To Sell 30 Percent Stake In H3C For $2.1B; Amends China Joint Venture Deal |url=https://www.crn.com/news/computing/2024/hpe-to-sell-30-percent-stake-in-h3c-for-2-1b-amends-china-joint-venture-deal |access-date=6 October 2024 |website=www.crn.com |archive-date=28 May 2024 |archive-url=https://web.archive.org/web/20240528141506/https://www.crn.com/news/computing/2024/hpe-to-sell-30-percent-stake-in-h3c-for-2-1b-amends-china-joint-venture-deal |url-status=live }} H3C significantly increased the profitability of UNIS.
In September 2015, UNIS agreed to pay $3.78 billion for a 15% stake in Western Digital. 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.{{Cite news |date=23 February 2016 |title=Chinese investor pulls out of Western Digital merger |url=https://www.bbc.com/news/business-35644678 |access-date=6 October 2024 |work=BBC News |language=en-GB}} Instead in September 2016, UNIS formed a joint venture with Western Digital named UNIS WDC.{{Cite web |title=Tsinghua Unisplendour forms JV with Western Digital - China.org.cn |url=http://www.china.org.cn/business/2016-09/09/content_39268756.htm |access-date=6 October 2024 |website=www.china.org.cn |archive-date=10 September 2016 |archive-url=https://web.archive.org/web/20160910003356/http://china.org.cn/business/2016-09/09/content_39268756.htm |url-status=live }}
In May 2024, Hewlett Packard Enterprise announced that UNIS would acquire a further 30% stake in H3C for $2.1 billion.
In February 2025, it was reported that UNIS would seek a secondary listing on the Hong Kong Stock Exchange.{{Cite web |last=Chuang |first=Aileen |date=2025-02-27 |title=Chinese IT firm Unisplendour targets US$1 billion Hong Kong listing |url=https://www.scmp.com/business/banking-finance/article/3300415/chinese-it-firm-unisplendour-targets-us1-billion-hong-kong-listing |access-date=2025-05-09 |website=South China Morning Post |language=en}}
See also
References
{{Reflist}}
External links
- {{Official website}}
{{SZSE 100 Index}}
{{Electronics industry in China}}
Category:1999 establishments in China
Category:1999 initial public offerings
Category:Companies based in Beijing
Category:Companies in the CSI 100 Index
Category:Companies listed on the Shenzhen Stock Exchange