Fortune China has revealed its Chinese Fortune 500 list of companies for 2011, revealing a 38 percent rise in revenues on the prestigious list compared to last year.
Other headline stats are that China’s top 500 raked in revenues totaling 18.9 trillion RMB, which accounts for 47 percent of China’s GDP. Profits were up too – to 1.9 trillion RMB, a rise of 47 percent over last year’s.
China Mobile was the only web or tech company in the top ten. With 485.2 billion RMB (that’s US$75 bil.) in revenue, the country’s biggest mobile telco held onto its third-place position from the previous year. China Telecom placed 14th; China Unicom 19th.
The biggest tech hardware maker on the list was, unsurprisingly, Lenovo. At 22nd place on 2011’s list, it slipped two places from last year’s, with a quoted 1.67 billion RMB in profits.
Not far behind Lenovo in the top 500 are two fast-rising surprises: Great Wall Technology (0074.HK) at 28th place, up from 68th last year. Plus, its computer-making subsidiary China Great Wall Computer Shenzhen (SHE:000066) ranked 33rd, up from 118th.
Still speaking of hardware, Haier – which launched its new HaiPad tablet last week – rose a good number of places to be 59th this time around.
On the web and social media front, Tencent leads the way again – up slightly to 173rd place, with revenues of 19.65 billion. China’s biggest search engine, Baidu, rose to be 337th on the Fortune list, on revenues of 7.9 billion.
You can peruse the full 500 list on Fortune China’s site, in Chinese, at the source link below. Or you could check out our own PDF of the entire list, with the disclaimer that the machine-translated names might be inaccurate in places, in this embed:
[Source: Fortune China – article in Chinese]
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