BEIJING, Feb. 23--Xinhua-PRNewswire-AsiaNet/InfoQuest UFIDA Software Co., Ltd. (SSE: 600588), the leading ERP vendor in Asia and China's largest provider of ERP, management software and financial software, announced recently that based on its development goal of "building a world-class software company," it would continue to promote the popularity of ERP in China, implement the strategy "profitable operation, sophisticated management," and drive the scale and international development of Chinese software companies. The announcement came during their press conference on strategies and business policies for 2006. UFIDA's 2005 results indicate that revenues from its primary operations grew 39% and net profits increased 40%. Chairman Wang Wenjing noted that UFIDA would continue to make great efforts in promoting the popularity of ERP by offering satisfactory products and services to customers on a customized, large-scale basis; by continuing to strengthen its commitments to development and research and to boosting innovation to develop its world-class enterprise application suite (U9); and by extending integrated product development (IPD) to its full product line to enable "accurate, rapid and low-cost" product development. The company will also strategically enhance business partnerships to increase its market share. In quickly moving towards internationalization, as its ERP has already been sold to some Asian countries such as Japan and Thailand, UFIDA will continue to focus its ERP business in Hong Kong, Japan and the Southeast Asian market to complete its arrangement of marketing services throughout Asia. Furthermore, after having won a large group of Japanese customers in software outsourcing, the company intends to further expand into the United States and Europe. About UFIDA Software Founded in 1988, UFIDA Software is China's leading provider of management and informatization software and services for enterprises, government and community organizations. The company ranks No.2 in average compound annual growth rate among the world's top 60 ERP software providers. For more information, please contact: Gao Lingyan, PR Manager, UFIDA Software Co., Ltd. Tel: +86-10-6298-6688 x1349 Fax: +86-10-6297-0181 Email: [email protected] SOURCE UFIDA Software Co., Ltd. --Distributed by AsiaNet (www.asianetnews.net)--