UNIS(SZ:000938) Chang Jiang Shang Bao·2025-11-18 23:49Core Viewpoint - Unisplendour Corporation is enhancing its control over its core subsidiary, H3C Technologies, through a strategic acquisition of a 10% stake, which will solidify its operational efficiency and business synergy [1][2]. Group 1: Acquisition Details - On November 18, Unisplendour announced that its wholly-owned subsidiary, Unisplendour International, will acquire a total of 10% equity in H3C Technologies, with Unisplendour International purchasing 1.8% for $128 million [1]. - Following this transaction, Unisplendour's ownership in H3C will increase from 81% to 82.8%, thereby strengthening its control over the subsidiary [1][2]. Group 2: Financial Performance - For the first three quarters of 2025, Unisplendour reported total revenue of 77.322 billion yuan, a year-on-year increase of 31.41% [2]. - H3C Technologies contributed significantly to this growth, achieving revenue of 59.623 billion yuan, reflecting a remarkable year-on-year growth of 48.07% [2]. Group 3: R&D Investment - Unisplendour has been increasing its R&D investment to enhance its competitive edge in the AI computing power sector, with total R&D expenses amounting to 28.444 billion yuan over the past six years [5]. - The annual R&D expenditures from 2020 to the first three quarters of 2025 were 3.865 billion yuan, 4.809 billion yuan, 5.299 billion yuan, 5.643 billion yuan, 5.102 billion yuan, and 3.726 billion yuan respectively [5]. Group 4: International Expansion - Unisplendour is accelerating its overseas business development, with H3C's services now covering 181 countries and regions, supported by 22 overseas branches [3]. - The company has established partnerships with various global clients across multiple sectors, including telecommunications and education, indicating a robust international market presence [3][4]. - H3C's international business revenue reached 3.478 billion yuan in the first three quarters of 2025, marking an impressive year-on-year growth of 83.99% [4].