OREANDA-NEWS. September 04, 2012. China's largest private steel enterprise Shagang Group ranked first in the 2012 list of the country's top 500 non-state-owned enterprises, with business revenue of 207.5 billion yuan (32.68 billion U.S. dollars) in 2011, a survey released.
 
Last year's champion Huawei, a leading telecommunications equipment and technology solutions provider, took the second spot on the list, and home appliance retail chain Suning came in third, according to the annual survey released by the All-China Federation of Industry and Commerce.
 
The top 500 private companies posted average business revenues of 18.61 billion yuan last year, up 33.25 percent year on year, and their average profits reached 877 million yuan, registering a 12.17-percent increase, the survey reveals.
 
The total assets of the 500 enterprises reached 7.77 trillion yuan, according to the survey.
 
The survey shows that there is still a regional imbalance among the top 500, with 380 enterprises on the list based in the country's eastern regions.
 
The tax payments of the top 500 enterprises in 2011 increased by 49.49 percent year on year to 409.43 billion yuan, making up 4.56 percent of the country's total tax revenue, according to a research report issued by the same organization Thursday.
 
The enterprises are also contributing to the country's job market by employing over 6.29 million people.
 
Moreover, according to the report, despite the government's tightened property market control measures, enterprises in the construction and real estate sector still managed to secure rapid development, with 33 of them being listed in the top 500, 10 more than in the previous year.