On May 31, the Ministry of Information Industry revealed in Beijing the 20th annual list of top IT 100 enterprises. PC maker Lenovo has replaced Haier and jumped to the first from the fourth place last year, and Haier has fallen to the second place.

The top 100 IT enterprises represent the elite of China's IT sector. Among the top 100 this year, 22 obtained a revenue beyond 10 billion yuan. Lenovo, boosted by its purchase of the IBM's PC business, has achieved its annual revenue up to RMB 108.2 billion. Haier's revenue stood at 103.9 billion yuan.

Lenovo and Haier are very near to the threshold of the global top 500 selected by Fortune Magazine.

After Lenovo and Haier, there are electronics manufacturer BOE, home appliance maker TCL, and telecommunications equipment supplier Huawei, each with revenue of some 50 billion yuan.

77 of the top 100 are all located in the Yangtze River Delta, Pearl River and along Bohai area. The three leading IT industrial bases combined to generate more than 85 percent of the total sales revenue, industrial added value and profits of the whole industry.

Lou Qinjian, deputy minister to Ministry of Information Industry, recalled the past 20 years of development and concluded in the awarding ceremony that there are six major progresses of Chinese IT industry.

Businesses have kept expanding and the industry has enjoyed the benefits of scale economy. Research and development capability have been improving. 22 enterprises put 5% of their revenue into research and development.

Name brands are emerging and good result from standards' stipulating and adjusting are showing have been made.

Transnational operation are moving forward. For example, Lenovo, Haier, TCL, Huawei are all on the way to go international.

The whole industry has been upgrading day by day. Started with color TV, the industry developed computer, telecommunications, household electrical appliances, basic electronic product sectors.

Diversified investment is realized. On the top 100 list, 30 are non-governmental enterprises.

By People's Daily Online