Huawei Investment & Holding Co Ltd ranked first in the China Top 500 Private Enterprises this year with operating revenue of 721.2 billion yuan (102 billion U.S. dollars), according to a report released by the All-China Federation of Industry and Commerce (ACFIC) on August 22.
Companies in this year's list should at least register operating revenue of about 18.59 billion yuan, as per the rankings.
In 2018, 12 enterprises had such revenue over 300 billion yuan, an increase of three enterprises over the previous year, said Huang Rong, vice-chairman of the ACFIC.
Here are this year's top 10 Chinese private enterprises by operating revenue.
No 10 Gome Holdings Group Co Ltd
Revenue: 334.1 billion yuan
Industry: Retail
A Gome appliance store in Wuhan, Hubei Province, June 26, 2019. /VCG Photo
No 9 Legend Holdings Ltd
Revenue: 358.92 billion yuan
Industry: Computer, telecom, electronic equipment manufacturing
No 8 Hengli Group Co Ltd
Revenue: 371.74 billion yuan
Industry: Chemical raw materials, chemical products manufacturing
No 7 Country Garden Holdings Co Ltd
Revenue: 379.08 billion yuan
Industry: Real estate
No 6 JD Group
Revenue: 462.02 billion yuan
Industry: Internet and related services
No 5 Evergrande Group Co Ltd
Revenue: 466.2 billion yuan
Industry: Real estate
No 4 Amer International Group Co Ltd
Revenue: 505.12 billion yuan
Industry: Nonferrous metal smelting and rolling processing industry
No 3 Suning Holdings Group
Revenue: 602.46 billion yuan
Industry: Retail
A Suning retail store in Beijing, July 28, 2019. /VCG Photo
No 2 HNA Group Co Ltd
Revenue: 618.29 billion yuan
Industry: Comprehensive
A Hainan Airlines plane takes off from Beijing Capital International Airport in Beijing, Dec 8, 2018. Hainan Airlines is a part of the HNA Group. /VCG Photo
No 1 Huawei Investment & Holding Co Ltd
Revenue: 721.2 billion yuan
Industry: Computer, telecom, electronic equipment manufacturing
Huawei logos at an exhibition stand in Nanjing, Jiangsu Province, September 1, 2018. /VCG Photo