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18 Ningbo enterprises listed in Top 500 Private Enterprises of China

On August 25, All China Federation of Industry and Commerce and CCTV announced the list of the large private enterprises of China for 2010. Ningbo has 18 enterprises listed in Top 500 Private Enterprises of China, and Zhejiang has 144.

Of the 18 enterprises of Ningbo, 4 are among the top 100. They are: Ningbo Youngor Group Co, Ltd.(No.29), Ningbo Jintian Group (No.36), Aux Group (No.45), Grand Group Corporation (No.71).

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On August 25, the National Federation of Industry and Commerce of China issued the ranking of above-size private enterprises as a result of a survey. According to the survey, 114 Zhejiang enterprises are listed among the top 500 private enterprises, of which 18 are from Ningbo, ranking the third in Zhejiang. According to related personnel from the federation, another ten enterprises from Ningbo are actually qualified but prefer to keep a low profile and, therefore, are not included in the list.

The national federation of industry and commerce has conducted surveys of above-size private enterprises for 13 years. Enterprises can choose to be or not to be included in the survey and ranking is done acceding to the index of total income. The threshold to the 2010 list is ¥5.059 billion while it was ¥3.66 billion in 2009.

227 Ningbo enterprises with total income over ¥300 million participated in the survey of 2010. according to up-to-date figures, in 2010, there were 127,035 private enterprises in Ningbo, with a registered capital of ¥255.43 billion, constituting the major component of Ningbo's economy. Accounting for over 80% of Ningbo's GDP, over 76% of Ningbo's tax revenue and providing 87% of the jobs in Ningbo.

Of the 18 Ningbo enterprises in the top 500 list, 4 are listed in the top 100. they are Youngor, Jintian, Aux, and Yuanda Group.

A comparison with these "top 500" enterprises reveals that another ten Ningbo enterprise are qualified for the top 500 list but, for all reasons, did not choose to apply to be included in the list.

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