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　　siemens is one of the world’s largest electrical and electronics companies. siemens china operations are a major pillar of the siemens business in asia-pacific and increasingly important for siemens’ global. all business segments of siemens worldwide are active in china including information and communications, automation and control, power, transportation, medical, lighting as well as household appliances. core business areas are infrastructure development and industrial solutions. as an integral part of the chinese economy and a committed and trustworthy partner of china, siemens is one of the largest foreign-invested employers in the country and offers a vast platform for her employees to grow and to pursue their career development

　　Siemens

　　Siemens, which has headquarters in Berlin and Munich, is one of the world's largest electrical engineering and electronics company and one of the richest in tradition. In fiscal 2000, the company recorded sales of Euro 78.4 billion and income of Euro 7.9 billion after taxes. Siemens had 447,000 employees at the end of the fiscal year on September 30, 2000. The company boasts an impressive international presence, focusing on the core business segments of Energy, Industry, Information and Communications, Health Care, Transportation, and Lighting. This constellation of businesses is both a uniquely broad and a highly focused spectrum of activities.

　　In addition to its 180,000 employees in Germany, Siemens has 267,000 employees working in over 190 countries around the world in hardware and software production, engineering, service, sales, and development. The company operates some 500 production facilities in over 50 countries, underlining its status as an innovative global player.

　　Siemens' international business is conducted by sixteen operating units, including Osram GmbH. Siemens is also an equal partner with Bosch in a joint venture in the sector of household appliances. The Information and Communications business segment, was formed to reflect the growing convergence of data and voice-based networks. Siemens Building Technologies, headquartered in Zurich, was also established following the acquisition of the industrial activities of Switzerland's Electrowatt. Siemens sharply bolstered its position in the fossil-fuel power plant business by acquiring the conventional power business of Westinghouse in the U.S. In the nuclear power sector, Siemens plans to establish a joint venture with France's Framatome.

　　All of these portfolio optimization measures aim at placing Siemens' businesses in number-one or number-two global market positions. If the company is not achieving this aim through organic growth, it has four options: buy, cooperate, sell, or close.

　　The company's business strategy is focused on the growing world market for electrical engineering and electronics, which currently has a volume of more than DM4,000 billion. Thanks to rapid advances in electronics, growth rates in the field of electrical engineering will remain well above the industry average as a whole. International business remains a growth driver for Siemens, with worldwide sales increasing 30 percent in fiscal 1999. International business now accounts for 78.4 percent of the company's new orders. 22 percent of this business was generated in the Americas, while Asia-Pacific accounted for roughly 12 percent. Germany's share of the total was about 24 percent. Five years ago, Germany alone accounted for 50 percent of the total.

　　In fiscal 2000, spending on research and development rose to more than over 7.5 percent of sales, underscoring the enormous importance of innovation at Siemens. The company's innovative strength is further evidenced by the 7,500 invention disclosure reports submitted. In terms of registered patents, Siemens ranks number one in Germany, number two in Europe, and is among the top 20 companies in the United States. Innovation naturally extends to the company's market offerings as well: roughly three-fourths of all Siemens' products and services are less than five years old. This is made possible by the efforts of some 50,000 R&D employees at Siemens, almost one-third of whom work outside of Germany.

　　Growth and innovation are two pillars of Siemens' top initiative, a program that has been successfully implemented for several years now. The third pillar of this program is productivity, where impressive progress has also been achieved. The company complemented the top initiative by launching the Win program to ensure sustainable growth in company value.

　　With some 600,000 shareholders, Siemens is one of Europe's largest public corporations. Just over 50 percent of the share capital is held outside of Germany, and a considerable proportion of the shareholders are Siemens employees. The Siemens share is traded on the eight German stock exchanges as well as in Amsterdam, Brussels, London, Paris, Vienna, Basel, Geneva, and Zurich. A public listing of the Siemens share in New York is planned for the spring of 2001.

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