Date: 2013-07-31

Wanxiang Rank 7th in Zhejiang Top 100

In the recently released 2006 Zhejiang Top 100 Enterprises List, Wanxiang Group ranked 7th with annual sales over RMB25.2 billion. This selection was organized by Zhejiang Enterprise Union and Enterpriser Association.

Whether an enterprise can be the "Top 100" depend on their annual sales in the previous year. All candidate enterprises submit their own financial results. After being audited, the results will be filed for later selection. It is reported that this is the fourth Top 100 selection in Zhejiang province.

According to the financial results of all candidate enterprises, we can see that Zhejiang enterprises are growing rapidly in recent years. In 2004, annual sales of the last one in Top 100 were RMB1.5. This figure, however, were RMB2.09 billion and 3.25 billion in 2005 and 2006 respectively. Additionally, sales and assets total of the Top 100 has increased by 44.29 percent and 23.98 percent respectively, showing a good momentum of growth of Zhejiang enterprises.

Also, the Zhejiang authority released Top 100 Manufacturing Enterprise and Top 100 Tax Payment Enterprise, Wanxiang ranked 3rd and 13th respectively in those two lists.

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