Scrutica
Financial and operational metadata for IEIT Systems Co., Ltd. (geographic revenue exposure, segment breakdowns, capital allocation), connected via industry classification mapping to the broader supply chain. Sourced from FactSet and EDGAR.
Corporate intelligence profile for IEIT Systems Co., Ltd.. Revenue derivation and capital allocation are mapped to evaluate the company's structural role in the broader compute supply chain.
Per data-quality principle §7 (CONTRADICTION SURFACING): when primary sources disagree under different methodologies, both are shown with as-of dates rather than picking a silent winner.
cross_source_methodology_divergenceThe Inspur Group surfaces under two FactSet holder-type-analysis disclosures with materially different state-ownership categorizations. The 596-HK listing (Inspur Digital Enterprise Technology Limited / Inspur International) records 50.88% "Government" insider ownership as of FactSet report date 2026-05-14. The 000977-CN listing (IEIT Systems Co., Ltd. / Inspur Information) — same controlling group, different legal vehicle — records 33.26% "Private Company" insider ownership and 0.04% "Joint Venture" with NO "Government" category disclosed. Both filings are correct under their respective listings' disclosure conventions (HK substantial-shareholder vs. A-share concentrated-holdings categorization). The Compute Visibility Index treats this asymmetry as substrate-confirming evidence that ownership transparency for the Inspur Group depends materially on which listing a researcher consults — and that the 596-HK disclosure is the load-bearing one for export-control purposes (since it surfaces direct state ownership rather than the abstracted "Private Company" rollup of the A-share view).
data/raw/factset/holders/inspur_international_596-HK.pdfdata/raw/factset/holders/inspur_information_000977-CN.pdfPer DQP §7, both disclosures are correct under their respective methodologies. The asymmetry is structurally important: a researcher consulting only the 000977-CN A-share filing would record Inspur Information as "Private Company" controlled (a non-state classification), missing the 50.88% PRC-state stake visible on the sister 596-HK listing of the same group.
cross_source_methodology_divergenceThe FactSet geographic-revenue 2026-05-14 disclosure for Inspur Information (000977-CN) records 97.6% of LTM Dec '25 revenue (CNY 153.4B) attributed to Mainland China, 2.2% to Hong Kong, and 0.3% to Macau — with ZERO percent disclosed exposure to the United States or Malaysia. Per Tradesparq trade-record data cited by Culper Research 2026-05-13, Inspur Information's wholly owned U.S. subsidiary Aivres Systems Inc. exported approximately USD 4.0B to Speedmatrix Sdn. Bhd. (Malaysia) during the March-November 2025 window — a flow that should, on a consolidated basis, surface as material U.S. and Malaysian revenue exposure for the parent. The disclosure gap is structurally significant: either Aivres is reported separately for tax / regulatory reasons (and its $4B trade flow is NOT consolidated upstream into the 000977-CN segment reporting), or the geographic-revenue methodology aggregates differently than the consolidated income statement would suggest.
data/raw/factset/geographic_revenue/inspur_information_000977-CN.pdfPer DQP §7, both sources may be correct under their respective methodologies (FactSet geographic-revenue uses billing-location estimates; Tradesparq aggregates customs-declared trade flows). The flag exists so a researcher landing at the Inspur Information surface immediately sees that the consolidated 97.6%-China geographic-revenue profile is in apparent tension with the Tradesparq-disclosed US-Malaysia trade flow of the wholly owned U.S. subsidiary.