Shanghai Daily news

Production began yesterday at Tsinghua Tongfang Computer's biggest manufacturing plant, a 3 billion yuan (US$361.4 million) facility located in the Jiangsu Province city of Wuxi.
The plant, which occupies nearly 67 hectares, is designed to turn out 3 million units a year, said the company, a subsidiary of one of China's most famous schools, Tsinghua University.
"The increased production capacity will help us cut costs and win more market share in the fiercely competitive domestic market," said Li Jianhang, vice president of Tsinghua Tongfang.
The company also operates two other plants, one in Beijing and one in Jiujiang, Jiangxi Province.
In the first quarter this year, a traditional peak season for PC sales, Shanghai-listed Tsinghua Tongfang posted 213 million yuan in profit compared with 168 million yuan in the same period last year. Revenue was 1.64 billion yuan, jumping 23 percent year-on-year.
Tsinghua tongfang is China's No. 3 personal computer maker behind Lenovo Group Ltd, which now owns IBM's PC unit, and Founder Technologies.
Despite tsinghua Tongfang's robust first-quarter performance, the domestic PC industry's profit margin has declined as competition has intensified, especially from foreign giants such as Dell, HP and Toshiba, according to industry experts.
In the first quarter, 4.56 million PCs were sold in China, a 1.8 percent drop from the same period the year before. Revenue declined 5.8 percent to 29.10 billion yuan, according to Beijing-based CCID Consulting Co Ltd, a research firm authorized by the Ministry of Information Industry.
In addition to the PC business, Tsinghua Tongfang also operates information technology services and a digital television business.