Top 10 Chinese machinery firms
Strengths in making equipment make a country strong. China's machinery industry continued steady development under pressure. In the first half of this year, the machinery industrial added value rose by 22.3 percent year-on-year, 6.4 percentage points higher than the nation's industrial added value, according to Wang Ruixiang, executive president of the Machinery Industry Federation on July 28.
The federation released the top 100 Chinese machinery industry companies in terms of revenue in 2020. Among them, 62 firms were concentrated in three separate fields: 33 in electrical machinery, 17 in petrifaction machinery, and 12 in construction machinery.
Geographically, 65 of the firms were located in East China, with total operating revenue growth of 8.64 percent year-on-year; 21 in Central China with total operating revenue growth of 26.45 percent; and 14 in western China, with total operating revenue growth of 21.05 percent.
The operation revenue of the top 100 firms totaled 2.18 trillion yuan ($335.52 billion), up 13.33 percent from a year earlier, with net profits of 136.4 billion yuan, up 23.91 percent year-on-year.
Let's take a look at the top 10 firms.
