OREANDA-NEWS. January 3, 2013. China Enterprise Confederation and China Enterprise Director Association (CEC/CEDA) released the lists of China’s Top 500 Enterprises, China’s Top 500 Manufacturing Enterprises, and China’s 200 Most Efficient Enterprises in Changchun. Xinxing Cathay International Group Co., Ltd is in all 3 lists with a annual business revenue of 147.6 billion Yuan and an annual profit of 3.6 billion Yuan (1.57 billion of the profits belongs to the net profit of parent company), ranking 74th of the top 500 enterprises, which is the first time that it is ranked top 100, up 30 places compared to last year’s ranking. The group ranks 27th and 184th respectively in the lists of China’s top 500 manufacturing enterprises and 200 most efficient enterprises.

Sinopec and ICBC lead respectively the lists of China’s top 500 enterprises and 200 Most Efficient Enterprises. The top 10 places of the list of China’s top 500 Enterprises has witnessed great change, but among all 500 enterprises, there are only 38 places taken by non-listed enterprises of last year which is the lowest in 11 years since CEC/CEDA first released the lists, indicating considerable stability of the landscape of China’s large-sized enterprises. In terms of the criteria for entrance, the criteria for enterprises’ entering the top 500 list is as high as 17.51 billion Yuan, 3.31 billion Yuan higher than last year. Among them, number of enterprises with business revenue higher than 100 billion Yuan has seen a dramatic rise and reaches 107, which are 27 higher than last year’s. Xinxing Cathay International Group for its first time enters the list. The business revenue of Sinopec and ICBC both break the line of 2 trillion Yuan.