Economy

Huawei tops China's renewed IT industry list

(Xinhua)
Updated: 2011-06-02 21:31

GUANGZHOU - The Ministry of Industry and Information Technology on Thursday issued a top-100 list of Chinese electronics and information technology companies, with Huawei, a telecom solutions provider, continuing to stay at the first place.

Huawei was followed by Legend Holding Ltd., whose subsidiaries include the well-known Lenovo and Digital China, and the Hai'er Group, a leading Chinese producer of white goods, according to the list issued by the ministry in the city of Huizhou in south China's Guangdong Province.

The list, the 25th of the kind, was primarily based on the number for main business revenue last year, said Ding Wenwu, deputy chief the ministry's electronics and information department.

The top three corporations all had their main business revenue surpassing 100 billion yuan ($15.38 billion) in 2010, according to Ding, who failed to elaborate.

The list also showed the combined main business revenues of the 100 companies totaled 1.5354 trillion yuan in the past year, up more than 20 percent from the previous year. Their revenues accounted for 24 percent of the total in the sector.

The combined profits of the 100 companies last year also surged by more than 50 percent to reach 95.2 billion yuan, according to the ministry's data.

Companies with their main business revenues exceeding 10 billion yuan reached 27 last year, five more than 2009.

The list also showed a company had to have at least 2 billion yuan of main business revenue last year to make it onto the list, up 100 million yuan compared to the year of 2009.

According to the ministry's data, the top-100 companies produced 26.82 million computers, 73.67 million colored TV sets, and 174.52 million cell phones last year, accounting for 10.9 percent, 62.3 percent, and 17.5 percent of the respective total output.