Beijing government-controlled Capinfo returned to profit last year, with revenue jumping 59 per cent to 237 million yuan (about HK$222.49 million). The Internet solutions provider posted a 10 million yuan profit, compared with a loss of 9.9 million yuan in 2001. No dividend was declared. E-government projects contributed 67 per cent to revenue, with the rest coming from e-commerce business. Last year, Capinfo finished building the capital's e-government network, which offers Internet access services for state departments at municipal and district levels. It also invested four million yuan in a company that builds information kiosks for Beijing hotels, shopping malls and commercial areas, and five million yuan in Beijing Credit Bureau, which offers consultation services on credit ratings and risk management. The company plans to invest 56 million yuan in Beijing Zhengtong Network Communication, a developer of internal communication platforms. Chairman Chen Zinxiang said Capinfo would continue to invest in emerging business areas. 'We are well-positioned for the large number of business opportunities in e-government and e-commerce arising from China's accession [to the World Trade Organisation] and the 2008 Olympic Games,' Mr Chen said. Capinfo, 62 per cent owned by the municipal government, will build and manage the multilingual 2008 Olympic Games Web site. It had cash reserves of 341 million yuan at the end of last year. Last August, Capinfo reported a 6.39 million yuan net profit for the first six months of the year, compared with a 10.31 million yuan loss for the same period in 2001. Revenue was 105.73 million yuan - slightly more than double the total revenue of 50.23 million yuan in the previous corresponding period.