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Sinopec heads list for 7th year
By Richard Fu |
September 5, 2011, Monday
|
Print Edition
Print Edition
CHINA Petrochemical Corp, with sales of 1.97 trillion yuan (US$309 billion), headed the nation's top 500 enterprises list for the seventh consecutive year in 2010, according to a ranking released over the weekend.
The company, known as Sinopec Group and the parent of listed Sinopec Corp, was followed by China National Petroleum Corp and the State Grid Corp of China, in a list released by the China Enterprise Confederation and the China Enterprise Directors Association.
The companies which made the top 10 are state giants from industries such as energy, telecom and banking.
In July, Fortune China magazine released a similar list, but that tracked listed firms only and companies which didn't have listed arms, like State Grid, were not included in its list.
The entry threshold for the top 500 Chinese companies climbed to 14.2 billion yuan of annual sales from 11 billion yuan in the previous year, according to the CEC/CEDA list.
Wang Jiming, vice president of the China Association of Enterprises, noted an improvement in innovation among the 500 companies.
The companies had contributed 220,000 patents, an increase of 21 percent from the year before, he told Xinhua news agency.
The company, known as Sinopec Group and the parent of listed Sinopec Corp, was followed by China National Petroleum Corp and the State Grid Corp of China, in a list released by the China Enterprise Confederation and the China Enterprise Directors Association.
The companies which made the top 10 are state giants from industries such as energy, telecom and banking.
In July, Fortune China magazine released a similar list, but that tracked listed firms only and companies which didn't have listed arms, like State Grid, were not included in its list.
The entry threshold for the top 500 Chinese companies climbed to 14.2 billion yuan of annual sales from 11 billion yuan in the previous year, according to the CEC/CEDA list.
Wang Jiming, vice president of the China Association of Enterprises, noted an improvement in innovation among the 500 companies.
The companies had contributed 220,000 patents, an increase of 21 percent from the year before, he told Xinhua news agency.
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