Recently, Jiangsu Economic and Information Technology Commission (JSEIC) and Jiangsu Federation of Industry and Commerce released 2014 Top 100 Private Enterprises of Jiangsu, among which Sanpower Group ranks 6th with the annual revenue of 85 billion yuan.

The minimum revenue for acceptance into the list was 9.18 billion yuan. 2014 saw the gross revenue of the hundred enterprises totalling 2.73 trillion yuan, with the average avenue amounting to 27.3 billion yuan. Among them are 96 companies with the annual income of over ten billion yuan, 9 over 50 billion yuan and 4 over hundred-billion yuan.

Although the sluggish economy has taken a toll on some of the firms, the majority of them have managed to achieve revenue increases as compared with 2013. The underlying reason behind such increases is their actively seeking for turnaround and upgrade. For example, Sanpower Group has staged an impressive performance in industrial diversification, internationalization, capitalization and O2O, etc. in recent years. Especially in 2014, it completed a series of generous M&As at home and abroad, which has laid a foundation for the turnaround and upgrading as well as the synergic development of its domestic industries, making it a model for other Jiangsu enterprises.

An official of JSEIC noted that the enterprises on the list have played a supporting and leading role in the stable, healthy development of the province's economy and society. He hoped that they will continue to strengthen their edge in scale, innovation, branding and competition, so as to make greater contributions to the construction of a strong industrial province.

List of 2014 Top 100 Private Enterprises of Jiangsu (Top 10)

NO.               Enterprise                Area              Industry

1           Suning Corporation         Nanjing              Retail

2            Jiangsu Shagang           Suzhou           Metallurgy

3               Hengli Group             Suzhou             Textile

4           Zenith Steel Group      Changzhou        Metallurgy

5             Suning Universal           Nanjing           Real Estate

6             Sanpower Group          Nanjing              Trade

7       Nanjing Iron&Steel Group   Nanjing            Metallurgy

8             HEILAN (HLA)              Wuxi                Textile

9           Shenghong Group          Suzhou             Textile

10              Hodo Group              Wuxi                Textile