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China announces top 100
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THE top 100 electronics and information enterprises of 2001, which the Ministry of Information Industry announced on Friday, contributed 76 per cent to the industry's total sales last year.
Their business income totalled 444.2 billion yuan (US$55.5 billion) in 2000, while the top 10 of them accounted for 40 per cent of the whole industry's business income.
Among the 100 companies, two had business incomes topping 40 billion yuan last year, while another 13 companies each had more than 10 billion yuan in business income.
The government's policy to make some giants out of the sector has begun to pay off, said Li Zhiming, a ministry official.
The top 100 companies earned a total of 26.9 billion yuan, equal to 71 per cent of the whole industry's profits last year. And 50 companies each had annual profits exceeding 100 million yuan, to amount their total profits to 24.8 billion yuan, accounting for 92 per cent of the profits of all these 100 companies.
The ministry has annually announced the top 100 electronic companies since 1987, and this year it included companies in the information industry.
The ministry ranked the top 100 based on their annual business income for the previous year, and the standard was raised from 496 million yuan to 708 million yuan this year, said Cheng Guanghui, another ministry official.
Almost 75 companies of the top 100 this year produce computer or telecommunications-related products, such as software, computers and integrated circuits.
China Posts and Telecommunications Industry Corp (PTIC) ranked first this year, with its annual business profits reaching 46.5 billion yuan, followed by the Haier Corp, China's leading electronic appliance maker, and Legend Corp, last year's champion.(Xinhua)
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