# **Table 2: Top 30 Selected Major Manufacturing Companies in China**

|**Rank**<br>**Rank**<br>**2003**<br>**2002**|**Company**|**Major Products**|**Revenues**|**Profits**<br>|**Profits as**<br>**% Revenue**|**Market ValuePro**<br>**Ma**|**fits as %**<br>**rket Value**|**Controlling**<br>**Ownership**<br>**a**|
|---|---|---|---|---|---|---|---|---|
|6<br>5|Baoshan Iron & Steel|Iron and steel|$4,092.70|$516.10|12.61%|$6,227.70|8.29%|State<br>b|
|13<br>6|Legend Group|Computers|$2,593.30|$133.80|5.16%|$2,490.90|5.37%|State|
|21<br>22|TCL International Holdings|Home appliances|$1,562.40|$78.00|4.99%|$806.60|9.67%|State|
|22<br>24|Sichuan Changhong Electric|Home appliances|$1,520.40|$21.30|1.40%|$1,759.60|1.21%|State|
|23<br>18|Beijing Shougang|Iron and steel|$1,519.90|$82.50|5.43%|$1,593.50|5.18%|State|
|27<br>20|Qingdao Haier Holdings|Home appliances|$1,395.80|$48.00|3.44%|$895.20|5.36%|Collective|
|30<br>21|Guangdong Midea Holding|Home appliances|$1,312.90|$18.70|1.42%|$402.40|4.65%|State|
|31<br>25|Angang New Steel|Metal fabrication and<br>hardware|$1,301.30|$71.80|5.52%|$910.90|7.88%|State|
|33<br>36|Chongqing Changan Automobile|Auto manufacturing|$1,194.10|$100.90|8.45%|$1,013.00|9.96%|State|
|37<br>43|China International Marine Containers<br>Group|Packaging and<br>containers|$1,096.80|$56.20|5.12%|$5,304.80|1.06%|State|
|39<br>28|<br>Jinzhou Petrochemical|Chemicals|$1,091.10|$1.50|0.14%|$479.50|0.31%|State|
|40<br>57|Great Wall Technology|Computers|$1,056.20|$8.40|0.80%|$47.70|17.61%|Foreign|
|41<br>—|TCL Communications Equipment|Home appliances|$1,053.80|$33.40|3.17%|$318.40|10.49%|State|
|47<br>44|Konka Group|Home appliances|$971.50|$4.30|0.44%|$428.50|1.00%|Private|
|55<br>79|Beiqi Futian Vehicle|Auto manufacturing|$915.70|$15.30|1.67%|$316.50|4.83%|State|
|57<br>53|Brilliance China Automotive Holdings|Auto manufacturing|$884.30|$91.70|10.37%|$628.90|14.58%|State|
|62<br>46|Gree Electric Appliances of Zhuhai|Home appliances|$849.30|$35.90|4.23%|$541.00|6.64%|Collective|
|64<br>75|Dongfeng Automobile|Auto parts and equipment|$845.70|$74.50|8.81%|$1,824.20|4.08%|State|
|65<br>63|Tsingtao Brewery|Beverages|$838.00|$27.90|3.33%|$784.50|3.56%|State|
|66<br>51|Wuhan Steel Processing|Iron and steel|$816.50|$7.80|0.96%|$506.00|1.54%|State|
|72<br>—|Ningbo Bird|Diversified holdings|$769.30|$26.10|3.39%|$391.80|6.66%|Joint-Venture<br>c|
|73<br>85|Shenzhen Kaifa Technology|Computers|$746.50|$7.30|0.98%|$897.00|0.81%|Joint-Venture|
|77<br>88|Hisense Electric|Home appliances|$679.40|$4.20|0.62%|$385.40|1.09%|State|
|80<br>69|Tsinghua Tongfang|Computers|$657.20|$22.20|3.38%|$758.20|2.93%|State|
|86<br>73|Guangdong Kelon Electrical Holdings|Home appliances|$589.30|$12.20|2.07%|$5,518.70|0.22%|Collective|
|89<br>92|Shanghai Automotive|Auto parts and equipment|$576.20|$129.30|22.44%|$2,085.40|6.20%|State|
|91<br>97|FAW Car|Auto manufacturing|$574.50|$29.90|5.20%|$1,166.00|2.56%|<br>State|
|93<br>80|SVA Electron|Electronics|$562.50|$12.60|2.24%|$2,054.40|0.61%|<br>Joint-Venture|
|96<br>93|Shanghai Founder Yanzhong Sci.|Computers|$545.20|$15.60|2.86%|$364.80|4.28%|State|
|97<br>—|Amoisonic Electronics|Electronics|$542.00|$73.30|13.52%|$584.20|12.55%|Joint-Venture|

SOURCE: The statistics are derived from "China's 100 Largest Companies," _FORTUNE_ , Monday, August 25, 2003

- a. Controlling ownership is based on a phone inquiry into China Enterprises Confederation and online research.

- b. State-owned enterprises include enterprises with controlling shares hold by the state.

- c. Joint-Venture enterprises may also include enterprises with shares by state or collective or private.

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