Ten Strong Private Enterprises Come to Forefront in 2001

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Last updated at: (Beijing Time) Thursday, August 29, 2002

Ten Strong Private Enterprises Come to Forefront in 2001

An investigation result on the members of private enterprises of last year was made known to the public by the All-China Federation of Industry and Commerce recently. The total turnover of the 10 top private companies reached RMB 91 billion-yuan.

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An investigation result on the members of private enterprises of last year was made known to the public by the All-China Federation of Industry and Commerce recently. The data indicate a great headway in the development of the private enterprises.

According to the statistics of the total turnover, the top 10 enterprises in the year of 2001 are in order as follows: Legend Group, Wanxiang Group, Hengdian Group, Chint Group, Delixi Group, Guanghui Industry Co. Ltd, Fosun High Tech(Group) Co. Ltd, Xingaochao Group, China Orient Industry Co. Ltd and Tengen Group. The total turnover of the 10 top companies reached RMB 91 billion-yuan.

Legend alone carried away three laurels

As revealed from an analysis by an anonymous person of the All-China Federation of Industry and Commerce this year has witnessed a leap forward both in quantity and all economic quotas for the enterprises into the forefront circle.

In 2001, the criteria for enterprises up to the top ten were raised from RMB 90 million-yuan in total turnover to RMB 120 million-yuan. Though the criteria are upgraded the number of enterprises have been increased greatly to reach 1247 as against 957 in 2000.

Of those, the total tax-payment of the first 500 reached RMB 39.93 million-yuan, a respective increase of 125 and 44 percent as compared to that of 1999 and 2000. The average profit reached RMB 55.57 million-yuan per account, a respective growth of 107 and 40 percent as against that of 1999 and 2000.

The index system for investigation consists of the six items of total turnover, total value of assets, net property, total tax payment, net profit and number of employees. The statistic analysis shows: the actual strength of the 1247 enterprises is as follows: RMB 630.82 billion-yuan in total turnover, that for the first 500 of which are up to RMB 497.04 billion-yuan, an increase of 52 percent as against the previous year. The total value of assets comes to RMB 582.26 billion-yuan and that of the first 500 takes up RMB 434.82 billion-yuan, an increase of 55 percent as against the previous year.

The net property totals RMB 266.78 billion-yuan, that of the first 500 of which comes to RMB 196.23 billion-yuan, an increase of 36 percent. Employees are added up to 1.891 million heads and that of the foregoing 500 takes up 1.235 million, an increase of 46 percent.

China Orient Group owns the most in property value while Wanxiang stands out in net property. Hengdian has 35,944 employees, the largest in number of the employed. But Legend carried away three laurels in total turnover, tax-payment and net profit.

Legend achieved a turnover of RMB 32.87658 billion-yuan, far ahead that of the Wanxiang Group with a turnover of RMB 8.64345 billion-yuan.

Total turnover of over RMB 5 billion-yuan comes to 10

The investigation shows the scope and scale of the enterprises are on the increase with 10 of the enterprises witnessing each of their turnover to exceed 5 billion-yuan in people's currency, an increase of 3 as against the previous year. The enterprise with its turnover reaching 0.5 billion-yuan added up 286, an increase of 129 more than the year before. And we see one more to join the enterprises that have their net profit to reach 0.5 billion-yuan, making 4 of them in all as against the year before.

We see a better economic benefit in civilian-owned enterprises with a big rise in their tax-payment and profit level. Among the 1247 accounts of enterprises only 15 of them are in the red, a reduction from 25 as against the previous year. We also see a big increase in number of enterprises engaged in exporting business with the volume in export business increased too and 709 enterprises have their own rights in import and export business. The foregoing 500 of them see an exporting volume of 5.76 billion in US dollars, a respective growth of 147 and 31 percent as against the year of 1999 and 2000.

As found out in the past, the majority of enterprises into the foregoing 500 are still in the economically developed areas in east China, reaching 383 in total while those of the west China only come to 52 due to the raise of the criteria, a decrease from 73 in 1999 and 64 in 2000 respectively.

By People's Daily Online

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