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26 Wuxi private enterprises enter 2020 Top 500 list

Updated : 2020-09-14

heilan.jpg

A store of Heilan Group. [Photo/Sipa]

A total of 26 private companies based in Wuxi were listed among the top 500 Chinese private enterprises of 2020, according to a report released by the All-China Federation of Industry and Commerce on Sept 10.

Huawei Investment & Holding Co Ltd kept the top spot again this year with operating revenue of 858.83 billion yuan ($126 billion).

To qualify, companies should register operating revenue of over 20.2 billion yuan, higher than last year's figure of 18.59 billion yuan.

With six more enterprises included in the list than last year, the number of Wuxi-based enterprises on the list ranked equal first in Jiangsu province, together with Suzhou.

Among the 26 companies, Heilan Group and Jiangyin Chengxing Industrial Group were the only two to have their operating revenue exceeding 100 billion yuan, reaching 123.23 billion yuan and 108.53 billion yuan respectively.

Seven enterprises were newcomers: Jiangsu Dajing Group, Jiangyin Golden Bridge Chemical Co, Jiangsu Zhongchao Group, Jiangsu Jiangrun Copper Co, Jiangsu Wuxi Sunny Group, Wuxi Xingda Investment Group and Wuxi Huadong Heavy Machinery Technology Group.

The top 500 private enterprises this year saw their total operating revenue, total assets and after-tax net profit stand at 30.17 trillion, 36.96 trillion and 1.39 trillion yuan, respectively, up 5.85, 6.78 and 8.06 percent.

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