Huawei tops ministry list of high-tech firms
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The Ministry of Industry and Information Technology yesterday issued a top-100 list of Chinese electronics and information technology companies, with Huawei, a telecom solutions provider, continuing to stay in first place.
Huawei was followed by Legend Holding Ltd, whose subsidiaries include the well-known Lenovo and Digital China, and the Haier Group, a leading Chinese producer of white goods, according to the list issued by the ministry in Huizhou in Guangdong Province.
The list, the 25th so far, was based on the main business revenue last year, said Ding Wenwu, deputy chief the ministry's electronics and information department.
The top three corporations all had their main business revenue surpassing 100 billion yuan (US$15.38 billion) in 2010, according to Ding.
The list also showed the combined main business revenues of the 100 companies totaled 1.5354 trillion yuan in the past year, up more than 20 percent from the previous year. Their revenues accounted for 24 percent of the total in the sector.
