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Old August 31st, 2013, 06:21 AM   #1
armtechrules
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Top 10 Chinese private enterprises 2013

Top 10 private Chinese enterprises 2013
By Mi Xingang
China.org.cn, August 30, 2013

Quote:
The All China Federation of Industry and Commerce unveiled its latest list of top 500 Chinese private enterprises on August 29, 2013.

Suning Appliance, Legend Holdings and Huawei Technologies made up the list’s top three. Operating revenues of these three enterprises totaled at 232.7 billion yuan (US$ 38 billion), 226.6 billion yuan (US$ 37 billion) and 220.1 billion yuan (US$ 36 billion) respectively. Steelmaker Jiangsu Shagang Group, the biggest private company on the 2012 list, ranked fourth this time.

The lowest operating revenue of China’s private enterprises on the 2013 list was 7.772 billion yuan, up 1.203 billion yuan from one year earlier, compared to the 1.509-billion-yuan increase on the 2012 list.Total operating revenues of the top 500 Chinese private enterprises crossed the 10-trillion-yuan line in 2012.

Following are the top 10 China’s private enterprises in 2013:

10. Midea Group 美的集团股份有限公司

Revenue 2012: 102.65 billion yuan
Sector: Electrical manufacturing
Headquarters: Guangdong

9. China Vanke Co., Ltd. 万科企业股份有限公司

Revenue 2012: 103.12 billion yuan
Sector: Real estate
Headquarters: Guangdong

8. Yurun Group Co., Ltd 雨润控股集团有限公司

Revenue 2012: 106.17 billion yuan
Sector: Food processing
Headquarters: Jiangsu

7. Dalian Wanda Group 大连万达集团股份有限公司

Revenue 2012: 141.68 billion yuan
Sector: Real estate
Headquarters: Liaoning

6. Zhejiang Geely Holding Group 浙江吉利控股集团有限公司

Revenue 2012: 154.89 billion yuan
Sector: Automobile
Headquarters: Zhejiang

5. Shandong Weiqiao Pioneering Group 山东魏桥创业集团有限公司

Revenue 2012: 186.51 billion yuan
Sector: Non-Ferrous Metal Smelting and Rolling Processing
Headquarters: Shandong

4. Jiangsu Shagang Group 江苏沙钢集团有限公司

Revenue 2012: 218.04 billion yuan
Sector: Ferrous Metal Smelting and Rolling Processing
Headquarters: Jiangsu

3. Huawei Technologies Co. 华为投资控股有限公司

Revenue 2012: 220.20 billion yuan
Sector: Telecommunications
Headquarters: Guangdong

2. Legend Holdings 联想控股有限公司

Revenue 2012: 226.65 billion yuan
Sector: IT and communications
Headquarters: Beijing

1. Suning Appliance Group 苏宁电器集团

Revenue 2012: 232.72 billion yuan
Sector: Wholesale and retailer
Headquarters: Jiangsu
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Old August 31st, 2013, 07:41 AM   #2
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Top private firms see profit drop
Global Times | 2013-8-30 0:03:01
By Zhao Qian

Quote:
2013 list of China's top 500 private firms


The total net profits of the top 500 Chinese private enterprises saw a 3.39 percent decline year-on-year in 2012, the All-China Federation of Industry & Commerce said Thursday, mainly because of a sluggish global market, rising production costs and overcapacity in some sectors.

Suning Commerce Group Co, Legend Holdings Ltd and Huawei Technologies were the top three enterprises in terms of sales revenue among the top 500.

The top four enterprises in terms of net profit last year were real estate developer China Vanke Co, telecom equipment supplier Huawei Technologies, property firm Dalian Wanda Group, and Internet services company Baidu Inc.

"It is not surprising to see their net profits decline as a whole," Lu Dongbin, a professor at the School of Business at Renmin University of China (RUC), told the Global Times Thursday.

Lu ascribed the profit decline to sluggish global markets and the slowdown in the domestic economy.

Chinese heavy industry giant Sany Group Co saw an 18.18 percent decline last year in its net profit year-on-year, while property developer Suning Universal Group saw its net profit slump by 24.02 percent, and Yangzijiang Shipbuilding (Holdings) suffered a fall of 23.68 percent. These three enterprises saw the most dramatic declines in profit, the federation said.

A total of 11 of the top 500 private enterprises suffered losses last year, nine more than in 2011, with most of them from the ferrous metal smelting, wholesale and retail trade and manufacturing sectors, according to the list.

"Weak demand under the current economic conditions was the main cause of their profit declines or losses," Zhang Zhengjun, a researcher at the State Council's Development Research Center, told the Global Times Thursday.

Zhang noted that the companies, especially those facing serious overcapacity situations, need to transform their business model.

The number of companies from the iron and steel industry in the top 500 declined by 10 last year to 55, largely because of the sector's overcapacity problem.

Since half of the enterprises in the top 500 list are in capital and technology-intensive sectors such as real estate, chemicals and oil, Lu of RUC said they should "seize the current opportunity to expand their businesses overseas, based on their technological and capital strength."

Zhang of the State Council said the private enterprises could focus more on innovation of their technologies and product design. "The era of fast, extensive expansion for them is over," Zhang noted.

The minimum annual sales revenue for companies in the list was 7.77 billion yuan ($1.27 billion) last year, 1.2 billion yuan higher than in 2011, or up 18.31 percent year-on-year.
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Old September 2nd, 2013, 11:00 AM   #3
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Revenue is up.

Chinese Brands like Lenovo, Huawei or Haier are increasing their presence in Europe.

They make already very good products.
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Old April 23rd, 2014, 07:22 AM   #4
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Revenue is up.

Chinese Brands like Lenovo, Huawei or Haier are increasing their presence in Europe.

They make already very good products.
I'd say price competitive products.
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Old April 23rd, 2014, 07:41 AM   #5
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I'd say price competitive products.
Haier, yes. Not Huawei and Lenovo though.

Huawei is in fact on the more expensive side. What made Huawei so competitive and led it to become the number one telecommunication equipment and engineering company is research and development. Their cellphones are on the cheaper end but Huawei doesn't sell cellphones for a living, it designs and builds telecom infrastructures.

Lenovo's Thinkpad is obviously on the expensive side. Its own Lenovo series is actually more expensive than HP & Dell (I just compared the Canadian prices).
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Old April 25th, 2014, 09:43 AM   #6
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Alibaba and Tencent has to be include in the list somewhere due to their influence, revenue isn't the only measure.
For example Suning is getting killed by Alibaba right now, even though Alibaba's revenue is far smaller than Suning. In fact, Alibaba's lower revenue actually indicates its higher efficiency and more value to their suppliers and customers.
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Old April 25th, 2014, 12:16 PM   #7
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Haier has a expensive line called Casarte, price of the line is on par with the other big international brand.
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Old April 26th, 2014, 12:53 AM   #8
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Quote:
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Haier has a expensive line called Casarte, price of the line is on par with the other big international brand.
Except it's not sold overseas.

In North America Haier is probably considered as a brandless brand. That's how bad it is.
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Old April 26th, 2014, 10:21 AM   #9
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Originally Posted by xtraxxl View Post
Except it's not sold overseas.

In North America Haier is probably considered as a brandless brand. That's how bad it is.
compared with Korean competitors, Haier's overseas performance really sux.
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Old May 2nd, 2014, 08:45 AM   #10
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Quote:
Originally Posted by CheapEconomist View Post
compared with Korean competitors, Haier's overseas performance really sux.
Unlike Korea, China have a large domestic market. So for any company, it's compete for domestic market first, with it products aligned with domestic market then move on internationally. So while Korean Companies develop mainly for American and European Market, Chinese company typically develop mainly for Chinese market and see where else these products could sell.

Since China's per capital income is lower than North America, the products tend to be the cheaper value oriented type. So when companies do go aboard with their existing product, they'll target developing countries first, then think about however capture the developed. For example, Haier actually the world largest white good manufacturer by volume, but it's market is mostly in China and the developing world.

North American market is very saturated, and it's actually not easy to make profit. The only company that seems to have any market share there is Lenovo. However, the first few year they focused on North America (short after taking over IBM's PC business) they actually lost money, only when they start to focus back on China, they return to profitability.


Also it appears many mid to high end Chinese brands just refuse to sell in developed world. There was a time when I saw nice Hivi/Swan Speakers in places like Fry's Electronics at fairly competitive prices, but I was a student then and has no money to buy it. (I lusted over the M200mkiii back then, only $299. Which is okay, considering they run at 1800 yuan in China ~$250 at 2008 exchange rates) However, after late 2000s, they existed from US market and now only available from a online dealer at insane prices ($429)...

Last edited by luhai; May 2nd, 2014 at 08:59 AM.
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