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SINOMACH Ranked First in the Top 100 China Machinery Industry Companies for 6th Consecutive Year

2014-05-28 18:23:00 Print To share:
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On May 28, 2014, the "Information Release of Top 100 China Machinery Industry Companies and Top 30 China Automobile Companies & 10-Year Development Retrospect Conference 2013" was held in Beijing. At the conference, the list of the selected companies was released. SINOMACH was ranked first in the Top 100 China Machinery Industry Companies for the sixth consecutive year since 2008. As a business representative, SINOMACH President Xu Jian attended the conference and made a speech entitled "Continue to promote efficient growth, strive to be a world-class enterprise."

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In 2013, with the complicated economic situation at home and abroad, difficulties in the machinery industry operation obviously increased. Therefore, it was urgent for enterprises to change their development modes. In 2013, the total income of the main businesses of the top 100 China machinery industry companies was RMB 1.5929 trillion, an increase of 3.5% over the previous year and 3.37 times that of the first group of top 100 China machinery industry companies. The average annual growth rate has been 15.73%. With operating revenue of RMB 236.2 billion, SINOMACH was again ranked first in the Top 100 China Machinery Industry Companies. Weichai Holding Group Co., Ltd. and Xuzhou Construction Machinery Group Co., Ltd. were ranked second and third, respectively, with respective operating revenues of RMB 100.4 billion and RMB 93 billion.

"Information Release of Top 100 China Machinery Industry Companies and Top 30 China Automobile Companies" has been held for 10 consecutive years since 2004. During the ten years when the economic environment became tight and demand growth significantly slowed, China's machinery and automobile industries actively coped with the challenge of the international financial crisis, accelerated restructuring and revitalization, went from high-speed development to medium-speed development, and entered a key period to expedite transformation and upgrade. For the past ten years, the total number of top 100 China machinery industry companies and top 30 China automobile companies whose main business income exceeds RMB 10 billion has generally shown an upward trend year by year. In 2013, the total number reached 69. The number of top 100 China machinery industry companies whose main business income exceeds RMB 10 billion increased from 6 in 2004 to 41 in 2013.

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