6 Huzhou enterprises companies among top 500 Chinese private enterprises
Six companies from Huzhou, East China's Zhejiang province made the 2022 list of top 500 Chinese private enterprises.
According to the report released by the All-China Federation of Industry and Commerce on Sept 7, the top 500 private companies generated a combined revenue of 38.32 trillion yuan ($5.5 trillion) last year, a 9.13 percent year-on-year growth.
The entry threshold for the ranking was 26.37 billion yuan in revenue, 2.87 billion yuan more than last year. Eighty-eight of the top 500 companies each have assets exceeding 100 billion yuan.
Tianneng Holding Group Co Ltd was ranked 40th on the list - the highest ranked company from Huzhou. The other five listed companies from the city are Chilwee Group (63rd), Zhejiang Shenghua Group Co Ltd (190th), Jiuli Group Co Ltd (392nd), Dehua Group Co Ltd (401st) and Mizuda Group Co Ltd (425th).
In addition, nine companies from Huzhou made the list of top 500 Chinese private manufacturing enterprises, according to the report.
Companies that made the list were required to have at least 12.57 billion yuan in revenue in 2021. The entry threshold was 2.52 billion yuan higher than the previous year.