The international jury has shortlisted these 20 companies as winners of the inagural "Most Globally Competitive Chinese
Company" awards. Three special prizes will be awarded in the
context of the awards ceremony to honor the "Best Chinese Company in Europe," the "Best Chinese Company in the
US" and the "Best Chinese Company in Emerging Markets." |
1 |
Lenovo Holding Co., Ltd. |
Lenovo is an innovative, international technology company formed as a result of the acquisition of the IBM Personal Computing Division by the Lenovo Group. It is a global company with executive offices in Raleigh, North Carolina, USA, Beijing, China, and Singapore and a global sales network. The company employs more than 26,500 people worldwide. Lenovo holding has established sales network throughout the world and dominate the third largest share of global PC market. It also adopted a new strategy to expand market share for global individual computer market and thus to improve overseas performance. The jury praised Lenovo for the aggressive way it has built its brand name over the past few years and the effective integration of IBM structures into its business. In March 2004, Lenovo holding became the first Chinese company as the global partner of International Olympic Committee (IOC) and the designated supplier of computer technical products of International Olympic Committee in 2005 to 2008. In 2007, Lenovo holding has consolidated a turnover of RMB 253 billion. The oversea income has reached about RMB 57.6 billion accounting for 23% of the global revenue, with average growth rate of oversea business around 175% in the past 3 years. |
2 |
China COSCO Holdings Co., Ltd. |
The global leader in container manufacturing with over 50% of the market share, CIMC was one of the first Sino-foreign joint ventures in China. Now in a tri-party joint venture with COSCO, the company's customer base spans the globe to include leading shipping and leasing companies from Asia to North America and Europe. Its wide range of logistics products are manufactured in over 20 production bases throughout the southern, eastern and northern parts of China. More recently, the company has invested in vehicles and trailers, which it produces both in North America and in China. Overseas sales revenues make up the bulk of the company's overall turnover. In 2005, 90% came from its markets outside China, from Europe, the Americas and other Asian markets, with high value-added products bringing in US 52.2 million. Average growth over the past three years has amounted to 39%. Its three-tiered business model received praise from the jury, as did its investments in increased R&D and human resources policies. Its approach to global M&A and its strong competitiveness were also cited by the jury. |
3 |
ZTE Corporation |
ZTE is the fastest growing telecoms equipment supplier in the world, and China's largest listed telecoms manufacturer. It works on the design, development, production, distribution and installation of a range of telecommunications systems and equipment, including wireless communications, handsets and software. Today, ZTE has become an important global player in the telecommunications industry with products deployed in over 50 countries and regions including Cyprus, Bangladesh, Thailand, USA, Russia, Egypt, Kenya, Congo, Zambia and Hong Kong. ZTE's respected position as a forward looking global organization within the industry is also reflected by membership of, and participation in, a variety of International Organizations of Standardization. As the market leader in China's Telecom industry, ZTE is granted as the head of "The 10 most competitive enterprises in China's telecom industry" in 2007, and is listed in "The 10 most competitive manufacturers of optical transmission and network access equipment", meanwhile, ZTE wins the gold award of "the favorite brand in optical communication industry of the year" and the big award of "China's most outstanding optical communication company".In 2007, ZTE has reached the revenue of RMB 34.7 billion, an increase of 49.81% that leads the market. The revenue of international business has reached RMB 20.1 billion, an increase of 94.83%, and accounts for 57.77% of global market share with increase of 13.35% than the previous year. In the recent two years, ZTE has implemented the strategy of "Multinational Telecom Operator". The company has signed supplying contract of GSM/WCDMA equipments with such top 50 global mainstream operators as TIM, MTN, Telenor, TeliaSonera, Hutch, and Etisala; its cell phone products have penetrated 6 WCDMA operators of the global top 10 players. |
4 |
Huawei Technologies Co., Ltd. |
Huawei Technologies is a leader in providing next generation telecommunications networks. The company is committed to providing innovative and customized products, services and solutions to create long-term value and potential growth for its customers. Huawei has established over 100 branch utilities across the world, with a worldwide marketing and service network, providing quick and high quality services. At present, Huawei's product and solution have penetrated over 10 countries and 31 of the top 50 telecom operators, and have served for more than a billion users. As of the third quarter in 2007, Huawei has sold over 70 million lines of DSL ports to more than 90 countries and regions, and has provided IP broadband network solutions to such leading telecommunications operators as British Telecom, Royal Dutch Telecom, Spain Telecom, Singapore Telecom and Etisalat Telecom. According to the latest analysis report by Gartner, Huawei leads the world IP DSLAM market of the third quarter of 2007 with 31.5% of market share, with increasing DSL market share.Huawai has set up more than 100 branch offices in order to provide quick customer service. In addition, it has extended its R&D capacity to 12 facilities across the globe including two in the US and others in Sweden, India and Russia. The company is committed to life long learning and training and has set up 28 global training centers to educate local hires on issues including advanced management and technology. In 2007, Huawei achieved a total overseas business turnover of RMB 35.9 billion, corresponding to 45% of total sales revenue and a 61% growth rate for the past three years. The company's strategies drew praise from the jury for its global competitiveness. |
5 |
Chery Automobile Co., Ltd. |
Founded in 1997, Chery Automobile specialized in the production of automobiles and auto components. By the end of 2007, the total assets of Chery stood at 14 billion Yuan, with 19,321 employees. In 2007, Chery achieved a total revenue of RMB 27.45 billion, with an average annual growth rate of 75% in the past 4 years. The overseas revenue of Chery reached RMB 6.23 billion, accounting for 23% of overall revenue, and the growth rate of the overseas business last year was 220%. Chery has developed complete product lines, alongside the development and production of vehicles, engines, gearboxes and other core components. The company’s current product series include Eastar, Tiggo, A5, Cowin, V5, QQ3, QQ6, etc, together with the corresponding engine, gearbox and key parts. In 2007, Chery Automobile’s total sales reached 381,000 vehicles, an increase of 24.8% compared to 2006. This year’s car export reached 1,198,000 vehicles, doubling the overseas market with the sales increased by 132%. By the first quarter of 2007, overseas sales alone had grown almost six-fold to 22, 076 cars. The quantity of vehicles exported ranked 1st among all the Chinese manufacturers for 5 consecutive years while the overseas market has become the greatest sales driver. |
6 |
Shanghai Automotive Industry Corporation (Group) |
As one of the top 3 automotive corporations in China, Shanghai Automotive Industry Corporation (Group) (“SAIC” for short) is mainly engaged in manufacturing, sales, research and development, and investment in passenger cars, commercial vehicles and components, as well as related services trade and financial business. In 2007, the sales of SAIC reached more than 1,690,000 vehicles, including 1,137,000 passenger cars and 553,000 business cars, remaining No.1 among domestic automobile manufacturers. In the same year, the company’s sales income of 18.01 billion USD was positioned 402 in the “Fortune Top 500”. The company has focused its efforts equally on independent R&D and global cooperation, setting up branches in the US, Europe, Hong Kong, Japan and Korea. It holds 10% of GM Daewoo equity and directly manages Ssangyong Motor in Korea. Its goal is to become a blue chip company with "core competitiveness and international operation capability." In 2007, SAIC achieved a total revenue of RMB 172 billion, with an average annual growth rate of 20% in the past 4 years. The overseas revenue of SAIC reached RMB 7.19 billion, accounting for 4.2% of overall revenue, and the average annual growth rate of the overseas business in the past 4 years is 8%. |
7 |
Zhengzhou Yutong Group Co., Ltd. |
Zhengzhou Yutong Group Co., Ltd., is a large-scale integrated group corporation with businesses covering buses, construction machinery, special vehicles, parts and components, real estate, etc. In 2007, Yu Tong ranked 1st again in domestic bus sales. The propaganda focus on shifting the impression of “Durable” to “Valuable” and was warmly welcomed by the customers. In 2007, Yutong achieved a total revenue of RMB 14.84 billion, with an average annual growth rate of 26% in the past 4 years. The overseas revenue of Yutong reached RMB 2.18 billion, accounting for 15% of overall revenue. Until now, Yutong products have been sold to 30 countries and regions. Yutong has become a leading bus manufacturer with Asia's largest production capacity of large or medium-sized bus and is equipped with the most advanced technology. Within the company list released by the United Nations for 2006 -2008 procurement, Yutong Bus is the only Chinese vehicle company. Yutong ranked 74th in China 500 most valuable brands with a brand value of RMB 7.016 billion. In the China's largest 500 enterprises" list released by the State Statistics Bureau, Yutong ranked 324th and ranked 41st in "2006 China Enterprise Group competitiveness 500 - still the only one in automobile industry. By 2012, Yutong group will aim to become a first-class Chinese corporation in bus production and become a famous brand across the world. |
8 |
Tsingtao Brewery Co., Ltd. |
Brewing company Tsingtao has consistently increased its brand awareness. In 1999 it was the only company to receive a "grand Asian brand" award; in 2000 it was named as one of "China's top 10 most influential enterprises", in 2001, named as "China's most respected enterprises." Its brand value is estimated at RMB 25.827 billion. In January 2002 the company signed a strategic investment agreement with the world's largest beer manufacturer Anheuser-Busch Companies (AB), which marked a major step in the brewery's internationalization. The company's overseas market plan is to understand the market first and then build up plants locally. It has focused on increasing the traditional market share in US, Europe, and Southeast Asia. It plans to firstly concentrate on increasing the traditional market share in U.S, Europe, and Southeast Asia, then set up plants in U.S and Europe, and eventually establish the "Golden Triangle" international market coverage. In 2007, Tsingdao Brewery achieved a total revenue of RMB 13.71 billion, with an average annual growth rate of 17% in the past 4 years. The overseas revenue of ICBC reached RMB 0.35 billion, accounting for 3% of overall revenue, and the average annual growth rate of the overseas business in the past 4 years is 4% . |
9 |
Wuxi Suntech |
Suntech Power Holdings Co., Ltd. specializes in the design, development, manufacturing and sale of photovoltaic (PV) cells, modules and systems. Founded in January 2001 the company has rapidly developed into a leading solar energy company, winning a number of national awards for its innovative approach. Selling its products in almost every major market in the world, Suntech is among the new breed of successful domestic China-based companies with global ambitions. Today, Suntech's PV systems are used in a wide range of applications, including communications and broadcasting, transportation, housing and military. Suntech is committed to becoming the "lowest cost per watt" provider of PV solutions to customers worldwide. By focusing on technical leadership through leading R&D and a culture based on innovation, cooperation and integrity, Suntech is working daily to realize its vision to be a global energy leader, providing efficient solar solutions for a green future. In 2007, Suntech has achieved a total revenue of RMB 11.7 billion. The oversea business has reached RMB 10.2 billion, accounting for 78% of the total revenue, with average increase of 144% in the past 3 years. In 2007 Jun., Suntech signed a long-term supply contract of 678 million USD with HoKu that will supply polysilicon for 10 years. At present, Suntech's production capacity of solar battery has become the third largest in the world. |
10 |
China National Offshore Oil Corporation (CNOOC) Limited |
CNOOC is one of the largest producers of crude oil and natural gas off the shores of China and Indonesia. The company has expanded significantly over the past 11 years, increasing net proved reserves and thus becoming one of the largest independent oil and gas exploration and production companies in the world. In 2007, CNOOC has achieved the total revenue of RMB 160 billion. And the oversea revenue has reached RMB 22.4 billion, accounting for 14% of the total revenue, with average increase of 34% in the past 3 years.In upstream areas, CNOOC has signed more than 150 oil contracts and agreements with more than 70 oil companies in 18 countries and regions, totaling US 9 billion. In the downstream fields, it has constructed China's largest petrochemical project in cooperation with the Shell Group and built the Guandong LNG project with BP and others. In addition, it has diversified to include a life insurance company within its profile, partnering with Netherlands Global Life. It has also been engaged in international charity work, including providing aid payments to the victims of Hurricane Katrina in the US and sponsoring various cultural organizations, such as the Australian Symphony Orchestra. |
11 |
China Merchants Bank Co., Ltd. |
Founded on April 8, 1987 with its head office in Shenzhen, China Merchants Bank is the first share-holding commercial bank wholly owned by corporate legal entities. At present, the total asset of China Merchants Bank is above RMB 600 billion, ranking 6th in "China's Top 100 Banks" by British financial journal The Banker. In order to offer its clients with 'Triple A' financial services, China Merchants Bank is the first domestic bank developing a series of E-Banking distribution channels, such as On-line Banking, Phone Banking, Mobile Banking, and Self-service Banking. In 2007, CMB achieved a total revenue of RMB 40.96 billion, with an average annual growth rate of 22% in the past 4 years. The overseas revenue of CMB reached RMB 320 million, accounting for 1% of overall revenue, and the average annual growth rate of the overseas business in the past 4 years is 61%.In addition, China Merchants Bank attaches great importance to public welfare undertakings. In 2007, CMB won the title of "2007 anti-poverty charity star". |
12 |
Haier Group |
Haier’s product categories range from refrigerators, refrigerating cabinets, air conditioners, washing machines, televisions, mobile phones, home theater systems, computers, water heaters, DVD players and integrated furniture, among which nine are ranked market leaders in China, and three are ranked among the top three worldwide in their respective industries. Haier is also a world leader in the technology domains of intelligent integrated home furniture, networked home appliances, digitalization and large scale integrated circuits. At present, Haier Group is the fourth largest home appliances manufacturer in the world, ranking 86th among the "500 most influential global brands." The Forbes 2006 ranking has Haier as the third largest after Samsung and Philips in the electronics industry. In 2007, Haier Group achieved a total overseas turnover of RMB 11.3 billion, corresponding to 10% of total sales revenue and a 14% growth rate for the past four years. In addition, Haier group has also made great efforts on localization and cultural integration by endowing Indonesia tsunami and the Pakistan earthquake damage, funding Sydney Breast Cancer Foundation. Haier also designs products according to local needs, environmental protection, domestic use, energy conservation and social and public welfare undertakings. |
13 |
Zhuhai Gree |
Zhuhai Gree Co., Ltd. is the world largest comprehensive air conditioner producer, with integrated functions of research, production, sales and service. The company has established 4 major manufacturing sites in Zhuhai, Chongqing, Hefei and Brazil with nearly 40,000 employees, and has the production capability of 25 million air conditioners with value of 5 billion RMB; in 2007, Gree has reached sales revenue of RMB 38.041 billion, net profit of RMB 1.207 billion.In 2007, Gree has achieved total revenue of RMB 38.041 billion, with average increase of 40% in the past 4 years. And the oversea business has reached RMB 8.15 billion, corresponding to 21% of total sales revenue and 60% growth rate for the past three years. At present, Gree has established sales and service channels in more than 200 countries and regions, and successfully penetrate the home appliance market over 80 countries and regions such as Britain, France, Brazil, Russia, Australia, the Philippines, Saudi Arabia, and India. GREE always sticks to the development strategy of “occupying crucial position with technological innovation”, manufacturing, designing and developing more and more air conditioners, then launching much more competitive and new air conditioners into the market every year. GREE Lab has been granted the titles of “Labs accredited by CNACL-China National Accreditation Committee For Laboratories”, “Labs Accredited by CHEARI – China Household Electronic Appliances Research Institute” and “Labs accredited by TUV Rheinland” respectively. |
14 |
Shanghai |
Shanghai Zhenhua Port Machinery Co., Ltd. (ZPMC) manufactures cranes and large steel structures. Its main products include: quayside container cranes, rubber—tyred gantry cranes (RTGs), bulk-material ship loaders and unloaders, bucket-wheel stackers and reclaimers, portal cranes, floating cranes engineering vessels and large steel bridge structures. Its products are used in 54 countries and regions, and over 120 terminals around the world, including main ports of the United States. They are also used in Canada, Britain, Germany, Netherlands, Spain, France, Italy, Romania, New Zealand, Brazil to name just a few. In 2007, ZPMC has achieved a total revenue of RMB 20.64 billion. The oversea revenue has reached RMB 18.1 billion, corresponding to 88% of total sales revenue, with 49% growth rate for the past 4 years. According to authoritative British magazine "World Cargo News" statistics, the company's products get 1st rank in terms of market share in global market for eight consecutive years since 1998. According to quantity of orders in 2006, the market share of quayside container cranes is about 74%, 20 times of the second market share taker – Mitsubishi Heavy Industry. |
15 |
China International Marine Containers (Group) Co., Ltd. |
The global leader in container manufacturing with over 50% of the market share, CIMC was one of the first Sino-foreign joint ventures in China. Now in a tri-party joint venture with COSCO, the company's customer base spans the globe to include leading shipping and leasing companies from Asia to North America and Europe. Its wide range of logistics products are manufactured in over 20 production bases throughout the southern, eastern and northern parts of China. More recently, the company has invested in vehicles and trailers, which it produces both in North America and in China. Overseas sales revenues make up the bulk of the company's overall turnover. So far, CIMC owns RMB 40.392 billion total assets, RMB17.542 billion net assets, RMB48.761 billion annual sales and RMB3.165 billion net profit in 2007, having over 100 subsidiaries and 53,000 staff all over China, North America, Europe, Asia and Austria as well. In 2007, CIMC ranked No.21 of Top 50 Asia Companies by Business Weekly, No.28 of Top 500 Most Valuable Brand in China. In 2007, “CIMC” container was identified as China Renowned Brand. In the same year, CIMC brand was honored “Chinese World Brand” by General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China. |
16 |
China National Chemincal Corporation (ChemChina) |
ChemChina is a large-scale state-owned company on the basis of many corporations affiliated with the former Ministry of Chemical Industry. Up to now, ChemChina has become a big shot in chemical business, and both the asset value and revenues hit a record exceeding RMB100 billion, ranking 35th among China's top 500 enterprises, based on National Bureau of Statistics of China.ChemChina carries out investment, shareholding, management and operations as approved by the state. With 9 specialized companies, 18 subsidiary companies in operation and 25 R&D institutions, ChemChina takes a leading position in many fields, holding ten-plus A-share listed companies. In 2007, ChemChina has achieved the total revenue of RMB 122.4 billion, with increase of 56% than 2006. The overseas revenue of ChemChina in 2007 has reached RMB 12 billion, accounting for 10% of overall revenue. Besides, ChemChina pays highly attention to sustainable development, pushing forward " Energy Saving and Emissions Reduction" project. By implementing the new environmental protection policy, ChemChina effectively cuts the high energy consuming and high emission sources. |
17 |
Air China Limited |
Founded in 1988, Air China is the only air carrier flying under the national flag. Its growth figures for 2007 were impressive, with a total overseas business turnover of RMB 23.7 billion, corresponding to around 48% of total sales revenue and 11% growth rate for the past three years. Air China has extensive premium customers group, 71% of which are business passengers. Air China has been vigorously developing transit passenger market last year, in Beijing airport transit passengers has achieved 536,000 people; In the domestic market, Air China is the strongest in key cities and high-quality routes; In the international market, Air China achieved the highest market share among all domestic competitors.Air China has already became the first choice for many Chinese government institutes and commercial client. It has been the exclusive airline partner of 2008 Beijing Olympic. |
18 |
Baosteel Co., Ltd. |
Established in 1998 following the merger of Shanghai Metallurgical Holding Group and Shanghai Meishan Group Co., Baosteel is China's leading steel company with an annual production capacity of 20 million tons. In 2007, Baosteel has achieved a total revenue of 191.6 billion yuan and oversea revenue of 22 billion yuan, corresponding to 12% of total sales revenue, with 45% growth rate for the past 4 years. In August 2007, Baosteel set up the strategic objective in 2007-2012: the competitive-ness of iron and steel business will reach top 3 in the world and become the top 200 in World Fortune 500. At present, Baosteel owned seven overseas subsidiaries such as the Inter-American Trade Co., Ltd.. Baosteel has become the world leading steel and iron complex with its comprehensive advantages of credibility, talent, innovation, management, technology. With its highly diversified business model, the company is also active in trading, finance, engineering, technology and IT. "Directory of the world steel industry" ranks Baosteel the top three of overall competitiveness in the world steel industry, and regards it as the most potential iron and steel enterprise. |
19 |
Neusoft |
Neusoft is a specialized vendor of solutions, digital products and services with its expertise in software technologies. Founded in 1991, Neusoft originated from Northeastern University. Over more than a decade's development, Neusoft has grown to become a comprehensive solution provider with software technology as its core, including 3 main business areas: software & services, medical systems and IT education & training. In 2007, Neusoft achieved a total revenue of RMB 3.58 billion, with an average annual growth rate of 14% in the past 4 years. The overseas revenue of Neusoft reached RMB 1.01 billion, accounting for 28% of overall revenue, and the average annual growth rate of the overseas business in the past 4 years is 89%. In May 2007, Neusoft ranked within Top 25 in the “Top 100 Out-Source Company” by IAOP, becoming the first Chinese company in this list. In September 2007, the board chairman and CEO Jiren LIU was nominated “Best Business Leader ‘2007”. |
20 |
New Hope Agriculture Co., Ltd. |
New Hope Group is a comprehensive group engaged in industrial operations and strategic investment. The Group is listed as a National Leading Enterprise for Agriculture Industrialization by nine national ministries and has been selected in the “500 Largest Enterprises in China” for three consecutive years. New Hope is the chief sponsor and the largest share-holder of Minsheng Bank and main initiative shareholder of Minsheng Insurance. Recently, New Hope not only invested with 570 million RMB to establish specialized investment corporation, but also became big shareholders of Fujian Lianhua Trust Investment Co., Ltd. In 2007, New Hope Agriculture Co., Ltd. achieved a total revenue of RMB 47.9 billion, with an average annual growth rate of 22% in the past 4 years. The overseas revenue of New Hope Agriculture Co. Ltd. reached RMB 780 million, accounting for 16% of overall revenue, and the average annual growth rate of the overseas business in the past 4 years is 36%.Feed is the traditional mainstream business line for New Hope, mainly covering the southwest region. In recent years, New Hope gradually expand to Southeast Asia. In 2006, six new investment projects was implemented by New Hope Group, including four Southeast Asia and South Asia overseas projects, with total investment exceeding RMB 200 million. New Hope always pays attention to social welfare undertakings. The program "new rural pilot" plans to help 100 counties cast off poverty and become better off, and 30 counties were involved in the first phase of this program. |
