According to a report released by the China Federation of Industry and Commerce, Huawei Investment & Holding Co Ltd maintains its first place in the Top500 of China’s private enterprises in 2020 with a turnover of 858.83 billion yuan (113 , 4 billion euros).
To be included in the ranking, companies must have revenues of more than 20.2 billion yuan (2.6 billion €), 18.59 billion (2.5 billion €) more than in 2019.
In 2020, the total revenues, total assets and net profits after tax of the top 500 private companies amount to 30,170 billion yuan (3,922.1 billion €), 36,960 billion yuan and 1,390 billion yuan, respectively. (€ 180.7 billion), up 5.85%, 6.78% and 8.06% respectively.
Here are the top 10 most powerful companies in China.
N°10 – Geely Holding Group
Geely (吉利 汽车: Jílì Qìchē) or Zhejiang Geely Holding Group is a global automotive group headquartered in Hangzhou, Zhejiang Province, southeast China. The group was founded in 1986 by Li Shufu and entered the automotive industry in 1997 with its Geely Auto brand. Today it sells its vehicles under the Geely Auto, Lotus, Lynk & Co, Proton and Volvo brands. In 2020, its revenues are 330.82 billion yuan (€ 43 billion)
N°9 – China Vanke Co Ltd
China Vanke Co., Ltd. was established in 1984, by Wang Shi, its head office is in Shenzhen. Its main shareholder is China Resources. After 30 years of development, it has become one of the main promoters and service providers of cities and towns in China. In 2020, its revenues are 367.89 billion yuan (€ 47.8 billion)
N°8 – Gome Holdings Group Co Ltd
GOME Electrical Appliances Holding Limited is one of the largest private retailers of electrical appliances in Mainland China and Hong Kong. It was founded by Wong Kwong Yu (Huang Guangyu), a Chinese businessman, in Beijing in 1987. Its brand “GOME” was first adopted in 1993. In 2020, its revenue is 371.7% billion yuan (€ 48.3 billion)
N°7 – Legend Holdings Ltd
Legend Holdings Corporation is a Chinese investment holding company with interests in finance, real estate and information technology, and the majority shareholder of its better-known associated company, the Lenovo Group. In 2020, its revenues are 389.22 billion yuan (€ 50.6 billion)
N°6 – Evergrande Group Co Ltd
Evergrande Real Estate Group (formerly Hengda Real Estate Group) is one of the ten largest real estate developers in Mainland China, and one of the five largest real estate developers in Guangdong Province. Founded by Xu Jiayin in 1996, in the building industry. In 2020, its revenues are 477.56 billion yuan (430 billion €).
N°5 – Country Garden Holdings Co Ltd
Country Garden is a real estate development company based in Guangdong, China owned by the Yang Guoqiang family. In 2018, it was ranked 353 on the Fortune Global 500 list. Country Garden has over 200 high-end township developments across China, Malaysia and Australia among its extensive portfolio of international projects. In 2020, its revenues are 485.91 billion yuan (63.5 billion €).
N°4 – Hengli Group Co Ltd
The Hengli Group, founded in 1994, is one of the largest Chinese private sector companies. It is a main activity comprising textiles, petrochemicals, polyester products and real estate development. The group has also invested in thermal power plants, machinery, financial services and hotels. The Group is the largest functional fiber production base and the largest weaving company in the world. In 2020, its revenues are 556.74 billion yuan
N°3 – Amer International Group Co Ltd
Amer International Group Ltd is a high-tech industrial enterprise, specializing primarily in non-ferrous metals and non-metallic materials. The company was founded by Chinese business tycoon Wang Wenyin. Amer International Group has six major business segments and investment areas: health, energy, finance, manufacturing, resources and culture. In 2020, its revenues are 613.9 billion yuan (€ 80 billion).
N°2 – Suning Holdings Group
Suning Holdings Group Co., Ltd. is a Chinese private company. The company shared the same founder Zhang Jindong with listed company Suning.com, but Suning Holdings was the unlisted part of Zhang’s unincorporated Suning Group. The holding company is also famous for the acquisition of Inter Milan. In 2020, its revenues are 665.26 billion yuan (86.5 billion €)
N°1 – Huawei Investment & Holding Co Ltd
Huawei Technologies Co., Ltd. is a Chinese multinational technology company headquartered in Shenzhen, Guangdong. The company was founded in 1987 by Ren Zhengfei, former deputy regimental chief of the People’s Liberation Army. Its businesses are telecommunications and electronics equipment, construction of telecommunications networks, provision of operational and consulting services and equipment to businesses inside and outside China, and manufacturing. communication devices for the consumer market. In 2020, its revenues are 858.83 billion yuan (11.65 billion €)