Samsung Electronics Hits 10 Billion RMB Sales
Samsung Electronics (Suzhou) Co., Ltd. generated a total sales revenue of 10.38 billion RMB from January to September this year, and became the first enterprise to hit the 10 billion RMB sales record in SIP.
The accumulated sales revenue of Suzhou Samsung Electronics from January to September grew by 72% compared with the corresponding period of last year, and profit reached 238 million RMB, with an increase of 161%. The sales revenue for the whole year is expected to go beyond 12 billion RMB.
Ever since its entry into SIP in 2001, Samsung has maintained an annual growth of 35%. Its manufacturing capacity now makes up over 40% of Samsung's global production of household electronic appliances.
Oct. 15, 2007