Strong growth for Chinese electronics companies..........
chinadaily.net
CHINA announced this month a list of the country's top 100 electronic companies in 1998,
with Changhong, China's largest TV maker from Sichuan Province, leading the field for the
third consecutive year.
Changhong achieved an annual sales income of 16.07 billion yuan (US$1.94 billion) in 1997,
outpassing Legend by nearly 400 million yuan (US$48.19 million). Legend ranks second, with
an annual sales of 12.52 billion yuan (US$1.51 billion).
The overall strength of China's electronic enterprises grew substantially last year. The sum of
the sales of the top 100 electronics enterprises grew 34.5 per cent to 200.5 billion yuan
(US$24.16 billion).
The last enterprise on the list realized an annual sales of 348 million yuan (US$41.93 million),
compared with 306 million yuan (US$36.87 million) in 1997.
There are altogether 12 enterprises which realized on annual sales of 5 billion yuan
(US$602.41 million). Three of these companies, Changhong, Legend and Shanghai Video &
Audio, each sold over 10 billion yuan (US$1.20 billion) worth of products in 1997.
Sales of the top 100 enterprises accounted for 76 per cent of the overall figure of China's
electronics industry, up four percentage points over 1997.
Most of these enterprises manufacture TVs, computers, computerized switching machines,
VCD (video compact disc) players, telephones, mobile phones and colour picture tubes.
Along with the growth of business fields, Chinese electronic enterprises enjoyed a substantial
headway in profits, which was reflected in the figures.
The total profits of the top 100 enterprises was 14.46 billion yuan (US$1.74 billion), up 35.1
per cent from 1997. Enterprises with annual profits over 100 million yuan (US$12.05 million)
totalled 30, compared with 26 last year.
Changhong again holds the first place in this category, with annual profits of 3.02 billion yuan
(US$363.6 million).
The list also revealed that telecommunications and computer enterprises are gaining
prominence amongst the overall top 100 electronics companies.
This is partly an outcome of the country's efforts to push forward the computerization of the
national economy and the stimulation of domestic demand.
As a result, the number of colour TV manufacturers decreased from several dozen to 15,
opening up some places for telecom and computer companies.
In addition, the flourishing of the telecom and computer enterprises boosted related industries,
such as software, system integration and optical fibre.
Beginning in 1987, the list of the country's top 100 electronics enterprises experienced the
greatest changes, with 18 players dropping out of the list.
Date: 04/22/98
Author: Wei Ke
Copyrightc by China Daily |
