Two enterprises from Rudong county made the 2019 China Top 500 Private Enterprise List, according to a report from the 2019 China Top 500 Private Enterprise Summit in Xining, Northwest China's Qinghai province, on Aug 22.

The annual China Top 500 Private Enterprise List has been published by the All-China Federation of Industry and Commerce every year since 2010. Enterprise rankings are determined by their total profits.

Zhongtian Technology Group (ZTT Group) ranked 132nd on the list with a revenue of 53.8 billion yuan ($7.52 billion). This is 17 places higher than the previous year.

ZTT Group was founded in 1992 and started as an optical fiber communication company. With the rapid development of the national information industry, it has moved into telecom and power grids, as well as new energy.

The company adheres to the "going out" strategy and exports its products to more than 100 countries and regions. ZTT Group has cooperated with more than 60 countries involved in the Belt and Road Initiative and opened factories in Brazil, Morocco, Uzbekistan, India, and Indonesia.

The other Rudong enterprise to make the list is Nantong Wujian Holding Co Ltd.

Founded in 1958, the company has a number of subsidiaries and is involved in real estate development, building materials, construction services, and building intelligence. The company has construction sites in more than 20 domestic and foreign markets such as Australia, Malaysia, and the Philippines.

Enterprises that made the 2019 China Top 500 Private Enterprise list receive certificates at the 2019 China Top 500 Private Enterprise Summit in Xining, Northwest China's Qinghai province, on Aug 22. [Photo/acfic.org.cn]