TEDA 2006 Top 100 Enterprises Achieved Average Profits of Over RMB200 Million

TEDA 2006 Top 100 Enterprises Achieved Average Profits of Over RMB200 Million

March 22, 2007

    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.


    For more information, please contact:

     Ding Lei 
     TEDA
     Tel:  [phone] 

     Yang Chonghao
     Tel:  [phone]

     Web:  http://www.investteda.org