9 Ningbo companies make top 500 Chinese enterprise list
Nine companies from Ningbo, East China's Zhejiang province made the 2021 list of top 500 Chinese enterprises, which was jointly released by the China Enterprise Confederation and the China Enterprise Directors Association.
The top 500 companies' aggregate operating revenue amounted to 89.83 trillion yuan ($13.9 trillion) in 2020, up 4.43 percent compared to that in the previous year.
The firms generated 4.07 trillion yuan in total profits, up 4.59 percent compared to that of the companies on the 2020 list.
State Grid Corporation of China topped the list, followed by China National Petroleum Corporation and China Petroleum & Chemical Corporation.
The revenue threshold to enter the list increased by 3.28 billion yuan from a year ago to 39.24 billion yuan.
The nine Ningbo companies that made the list were all private companies, indicating that the city boasts a robust private sector.
Fashion brand Youngor ranked 210th, the highest ranking among companies from Ningbo, while Sunny Optical Technology (Group) Co Ltd, which appeared on last year's list, was edged out due to the increased threshold.
In addition, 17 companies from the city also made the list of top 500 Chinese manufacturing enterprises and 15 were listed among the top 500 Chinese service companies, both one less than the previous year.