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Top 1000 Chinese Automobile Manufacturers
On June 2nd, the National Bureau of Statistics of China announced in Beijing the results of the "Top 1000 Enterprises in China" for 2003. According to the report, Daqing Oilfield Co., Ltd. topped the list with sales revenue reaching 85.524 billion yuan. FAW Group Corporation came in second with 53.262 billion yuan, followed by Shanghai Volkswagen with 52.416 billion yuan, and FAW-Volkswagen ranked fourth with 48.973 billion yuan.
The ranking was based on annual sales, as per global statistical methods, and covered the largest industrial enterprises in China. The data, which includes annual turnover, total profits, and total assets, was published in the June edition of the "Magazine." According to the statistics, the top 1000 enterprises accounted for just 0.5% of all large-scale industrial companies in China but generated sales of 526.86 billion yuan, representing 36.8% of the total industry sales. Their combined assets reached 571.018 billion yuan, or 33.8% of the industry's total assets, while their profits totaled 417.36 billion yuan, making up nearly half of the entire industry's profit.
The findings also highlighted that the petroleum, metallurgy, and automobile manufacturing sectors were among the most profitable industries in China during that year. This report reflects the strong performance of key industries and the continued dominance of major state-owned enterprises in the Chinese economy. Source: China Automotive News.