A Brief Introduction to HUST High-tech Industrial Group
Taking promoting national and regional development as one of its due responsibilities, HUST has been applying science and technology to the economic development and pursuing an education philosophy of putting educating people first while combining university and research with industry. With unremitting practice and innovation, we are unswervingly keeping to the path of coordinating development of learning, researching and industrialization, with the aim of industrializing scientific and technological achievements, those with independent IPR in particular and we are committed to improving this industrializing mechanism and contributing to the local economic construction and development in an all-round way.
In December 2000, HUST High-tech Industrial Group was incorporated, with Wuhan HUST High-tech Group Co. Ltd. being the parent company and capital as the major link. Now it has more than 50 holding companies, sharing companies and exclusively-invested enterprises altogether. Wuhan HUST High-tech Industrial Group Co. Ltd (hereinafter referred to as Group Corporation) was formally set up in January, 2001 with registered capital of 204 million RMB. It is a solely state-owned company with HUST as the investor and undertakes the dual functions of maintaining and increasing the value of HUST’s operational assets as well as industrializing the scientific and technological achievements.
HUST High-tech Industrial Group has tapped in fields such as electronic information, environmental protection, laser, communication, new materials and energy innovation, bio-engineering, fine chemistry, pharmacy, medical instruments, genetic engineering, and light mechanical and electrical integration and so on. Some well-known brands including HUST Tech, HUST Numerical Control,Tianyu Information,HUST Laser,KM Software , and HGDM Database have been established and they take the lead in the related industries. Among them, the product value in the five series of laser equipments, numerical control system, photoelectric device, and holographic packaging material and IC smart card has all exceeded 100 million RMB and many of their leading products are internationally competitive.
From 2001 to 2007, the cumulative sales revenue of the group corporation was over 8 billion RMB, the cumulative net profit almost 500 million RMB and the tax paid to the state over 700 million RMB. Till December 31, 2007, the group corporation’s total assets amounted to 3.5 billion RMB, net assets 1.4 billion RMB and equity assets 750 million RMB. All these figures have shown that the group corporation has successfully maintained and increased the operational assets of HUST.
Technological Innovation Mechanism of HUST
A 4-stage model has been preliminarily formed with the university being the virtual R&D center, HUST Venture Capital Co. Ltd and HUST Sci-tech Enterprise Incubator being a platform of screening projects and incubating enterprises, HUST Science and Technology Parks Development Co.Ltd. as the platform of base construction and property rights operation and the listed company HUST Sci-tech Co. Ltd, HUST Numerical Control and Tianyu Information etc. as the representatives of Hi-tech enterprise group of HUST. The four parts together constitute a mechanism of constantly industrializing HUST’s scientific and technological achievements. A virtuous circle of scientific and technological achievements--- industrialization --- capitalization--- scientific and technological achievements has been realized.
The Technological Innovation System of HUST
During the "Ninth Five-Year Plan " and the "Tenth Five-Year Plan " periods, the group-owned enterprises undertook more than 200 national, provincial and municipal research projects which received all types of financial support of nearly 3 billion RMB. Relying on the advantageous disciplines and the scientific research platform of HUST, the group corporation has established a large number of national research institutions and industrialization demonstration bases, which provides a strong impetus for the research and discipline construction of HUST and greatly enhances the capacity of industrializing the scientific and technological achievements. All of these have made a positive contribution to both the national and regional economic development.