China Chamber of Commerce

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IT Business

As of the end of 2007, CITIC Group has a total information industry asset value of RMB 16.5 billion or 0.2% more than the previous year. Its 2007 operating income reached RMB 2.60 billion, with a total profit of RMB 1.16 billion, a 21.8% and 754.6% increase over 2006, respectively. The Pentium One backbone network generated more revenue for CITIC Networks Co., Ltd. Great Wall Broadband Network Services Co., Ltd. substantially reduced its operating losses. After a license to lease and sell satellite transponders was obtained, a satellite branch was set up under CITIC Networks and began to operate for Asia Satellite Telecommunications Co., Ltd. in China. Cable business progressed smoothly. Henan Cable TV Company made initial technical preparations for digitization and for applying for subscription fee increase. It currently has 1.77 million subscribers. Having begun to integrate district- and county-level networks, Chongqing Cable TV Company was pressing ahead with digitiz

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