TIANJIN, China, March 22 /Xinhua-PRNewswire/ -- The TEDA 2006 top 100 enterprises results were announced a few days ago. The average profits achieved by these enterprises exceeded RMB200 million, with average revenue from main business approximating RMB3 billion.
According to statistics, the assets of TEDA 2006 top 100 enterprises totalled RMB156.473 billion, with total revenue from their main business reached RMB291.4 billion, representing a growth of 24.5% compared to the TEDA 2005 top 100 enterprises. Profits of RMB20.15 billion were created , and the tax paid up was RMB10.96 billion and value added was RMB60.39 billion.
Of the TEDA 2006 top 100 enterprises, there were 79 industrial enterprises, 20 service enterprises and 1 building enterprise. 24 newcomers joined the election, among them 17 industrial enterprises, 6 service enterprises and 1 building enterprise.
TEDA 2006 top 100 enterprises was elected by rating enterprises in all industries based on indicators for sales (operation) revenue, profit, tax, total asset (net asset for banking industry) and value added. The top 100 enterprises were elected based on their total scores. But those enterprises that have serious illegal activities, safety accident, environmental accident and labor dispute in 2006 were eliminated in line with the opinions presented by relevant authorities.
Meanwhile, TEDA also elected 10 enterprises with fastest growth within TEDA. In 2006, these 10 enterprises realized an operation revenue of RMB28.449 billion, grown by RMB16.105 billion than that of 2005 and represented a growth of 130% year on year; these enterprises also realized a profit of RMB 1.134 billion, grown by RMB 851 million than that of 2005, representing a growth of 300% year on year; tax paid reached RMB381 million, grown by RMB62 million year on year, representing a growth 19.5%; value added of RMB2.236 billion was realized, grown by RMB579 million year on year, and representing a growth 42.7%.
About Tianjin Economic-Technological Development Area (TEDA)
Tianjin Economic-Technological Development Area (TEDA) was established in 1984 under the approval of the State Council of the People’s Republic of China. It is one of the first state-class economic-technological development areas in the country.
TEDA is located in the center of a larger area bordering Bohai Sea and the east of the Asia-Europe Land Bridge, thus serving as the gate to the two super cities of Beijing and Tianjin, and the throat connecting the northeast of China. By the end of 2005, 4,067 foreign companies have landed in TEDA. Of the Fortune 500 companies, 57 multinational companies, from 10 countries and regions, including such well-established multinational giants as Motorola, Samsung and Toyota, invested in 123 enterprises in TEDA. In 2000, "Fortune" listed TEDA as one of the most highly recommended economic areas in China. In 2002 UNIDO listed TEDA as one of the most dynamic areas of China together with Shenzhen, Suzhou, Wenzhou, Shanghai Pudong and Xi’an High-tech Park.
