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Sinopec leads top 500 enterprises list
By Lu Haoting (China Daily)
Updated: 2005-08-20 07:09

Sinopec Corp, one of China's largest oil producers, wins the crown of leading the 2005 Top 500 Chinese Enterprises list with a revenue of 634 billion yuan (US$78 billion), the China Enterprise Confederation (CEC) said on Friday.

A gas station of Sinopec is seen in this picture taken in Shanghai on August 19, 2005. [newsphoto]

The oil giant is followed by the State Grid Corp of China, last year's leader, PetroChina, China Mobile and the Industrial and Commercial Bank of China, Li Jianming, director of CEC's research department, told China Daily.

Li said the total revenues of the 500 enterprises have reached 11.75 trillion yuan (US$1.4 trillion), which is 31 per cent higher than that of last year and accounts for more than 82 per cent of China's gross domestic product.

The last enterprise on the list has revenues of 4.5 billion yuan (US$554.8 million), 48 per cent more than that of the company which ended last year's list, he said.

Further details of the list will be released on Sunday.

The CEC has been issuing such a list annually since 2002. The order of the enterprises is determined by their revenues.

Two additional lists - Top 500 Chinese Companies in the Manufacturing Industry and Top 500 Chinese Companies in the Service Industry - will be made public for the first time on Sunday.

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