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China releases latest top 500 private enterprises list

(People's Daily Overseas Edition)

15:55, August 26, 2011

Edited and Translated by Ye Xin, People's Daily Online

The All China Federation of Industry and Commerce released the newest list of China's top 500 private enterprises on Aug. 25, 2011.

Huawei Technologies Co., Ltd., the Jiangsu Shagang Group and Suning Appliance occupy the top three places. Legend Holdings, Ltd. ranks fourth. The four enterprises' operating revenues each exceed 100 billion yuan.

In 2010, the lowest operating revenue of private Chinese enterprises on the top 500 list reached more than 5 billion yuan, which is 1.4 billion yuan more than in 2009. The number of the enterprises on the list with operating revenue above 10 billion yuan climbed from 126 in 2009 to 220 in 2010. A total of 143 private enterprises on the list have asset scales between 10 billion yuan and 100 billion yuan. In addition, 329 enterprises on the top 500 list belong to the manufacturing sector.

In terms of benefits and efficiency of the top 500 private enterprises, they have recovered and surpassed the level they were at before the financial crisis despite major difficulties in terms of rising prices of raw materials and the lack of talent.


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