Guangdong’s top 100 includes 32 Shenzhen Companies
Thirty two Shenzhen companies made it to the list, with Huawei Technologies on second place. The Shenzhen-based telecom giant which ranked No. 1 in China’s top 100 electronics companies, jumped to second place in Guangdong’s top 100 from previous year’s fifth. Its revenues reached 149.25 billion yuan in 2009 (US$21.95 billion).
At least 78 percent of the 100 companies are based in Guangzhou and Shenzhen while the remaining firms are in eight other Pearl River Delta cities.
Shenzhen-based companies, Huawei, Ping An Insurance and Foxconn and three more Guandong heavyweights, recorded revenue of more than 100 billion yuan each. The six companies contributed to a quarter of the total revenue of the top 100, exceeding 3.1639 trillion yuan.