Ningbo releases top 100 enterprise lists

Updated:2019-08-09 (chinadaily.com.cn)

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The list of the top 100 enterprises in Ningbo in terms of comprehensive strength is released on Aug 8. [Photo/cnnb.com.cn]

Ningbo released several top 100 lists featuring enterprises based in the city at an awards ceremony held on Aug 8.

Among the published lists were the 2019 Top 100 Competitive Enterprises, Top 100 Comprehensive Enterprises, Top 100 Manufacturing Enterprises, and Top 100 Service Enterprises in Ningbo. The Top 100 Comprehensive Enterprises was released for the first time this year, while the other three have been published for 15 consecutive years.

The four lists were jointly published by the Ningbo Enterprises Confederation, Ningbo Enterprise Directors Association, and Ningbo Federation of Industrial Economics based on 20 criteria such as revenue, profit, taxes, R&D spending, asset-liability ratio, and value added per production worker. There were 23 new companies on the lists.

According to the lists, revenues for Ningbo's top 100 comprehensive enterprises stood at 1.55 trillion yuan ($220 billion), with total assets hitting 1.19 trillion yuan, up 5.64 percent and 6.26 percent year-on-year, respectively. The number of companies exceeding 10 billion yuan in annual revenue was 37, an increase of two over last year. 

The lists also showed that the combined revenue of Ningbo's top 100 manufacturing companies was 864.9 billion yuan, a 16.8 percent increase over the previous year.

The revenue threshold for companies on the 2019 list of the Top 100 Comprehensive Enterprises in Ningbo was 2.51 billion yuan, 25.28 percent higher than last year. The lists for top manufacturers and service providers both saw their revenue threshold rise more than 14 percent.

At the event, honorary awards such as the 2019 Ningbo Enterprise Management Modernization Innovation Achievement Award, 2019 Ningbo Entrepreneurship & Innovation Award for Entrepreneurs, and the 18th Ningbo Excellent Entrepreneur Award were also handed out.