Siemens China's financial report for fiscal year 2005 published in Beijing shows Siemens maintained strong development momentum and recorded big increase in new orders and sales revenue in fiscal year 2005 ending on Sept 30 2004.

In fiscal year 2005, Siemens China receives new order worth 56 billion yuan, a year-on-year increase of 34 percent. The sales revenue increased 15 percent from 38.4 billion in fiscal year 2004 to 44.3 billion yuan.

According to Richard Hausmann, Siemens China's Chief Executive Officer, all sectors of Siemens in China enjoyed rapid growth in 2005. Siemens gained a series of important orders including 180 electric locomotives, the luggage sorting system for the newly built terminal building at the Capital Airport.

The fast growth is attributable to increased investment and the expansion of the current businesses in China. By the end of fiscal year 2005, Siemens recorded accumulated long-term investment of 10.6 billion yuan in China. Moreover Siemens endeavored to strengthen its sales network at provincial level, and production, R&D as well as procurement.

The Chinese market plays an important role in Siemens' global operations. The growth rate at the Chinese market is far above average. What make China important are not just its status as a key strategic market, but its important position in the global value chain and the function as a source of high-quality talents. In 2006, Siemens will hire 3,000 more employees in China. It has a goal to double the sales revenue through accelerated expansion.

Siemens AG is one of the world's leading electric and electronic companies that collaborates with China in the fields of communication, energy, water treatment, mobile communication, and medicinal service. At present Siemens operates more than 70 companies and hire more than 36,000 employees in China.

By People's Daily Online