Top 100 listed private enterprises (People's Daily Online) Updated: 2006-06-21 11:10
On the top 100 listed private enterprises of 2006 unveiled on June 17, China
Minsheng Banking, Midea, and GOME Appliance were crowned the top three.
The statistics show that the total tax payment of the top 100 amounts to
16.584 billion yuan, and their payrolls hits 21.307 billion yuan.
The evaluation result this time indicates that the threshold to the Top 100
was once again dramatically raised from 1.1 billion yuan in 2005 to 1.889 yuan
this year in terms of operating revenue, an increase of 71.7%. The assessment
focused on the well-performed private enterprises, avoiding putting the
entrepreneurs with huge wealth under the spot light.
Zhang Weijiong, Vice President of China Europe International Business School
(CEIBS) pointed out that in 2005 there were 568 Chinese private enterprise
listed home and abroad, with a gross turnover of 666 billion yuan, an average
increase of 24.9% and higher than the 19.7 percent revenue growth of state-owned
enterprises.
But their average returns on net assets stood at 6.41%, lower than the ratio
of 9.02% of their state-owned peers. In addition, the private enterprises still
contributed less than the state-owned ones. Besides, the enterprises listed
overseas run much more efficiently than home listed ones.
The assessment also resulted to four lists for market capitalization, growth,
profitability, and social contribution specifically. Minsheng ranks once again
the top of the lists of market value and social contribution. (For more biz stories, please visit Industry Updates)
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