The eastern coastal city of Qingdao, Shandong province [Photo/IC] 

A total of 13 enterprises based in the eastern coastal hub of Qingdao are listed among the top 100 private enterprises in Shandong province, according to a list released on Aug 27 at a standing committee meeting of the Shandong Federation of Industry and Commerce.

The list was made based on the revenue of Shandong private enterprises in 2020 and has a threshold of 11.76 billion yuan ($1.82 billion), 1.42 billion yuan higher than last year.

Weiqiao Pioneering Group, Nanshan Group, and Shandong Dongming Petrochemical Group, each with revenues exceeding 100 billion yuan, topped the list, while another 13 companies reported revenues of between 50 billion yuan and 100 billion yuan. Eighty-four companies reported revenues of between 10 billion yuan and 50 billion yuan.

Compared with last year, Qingdao had one more company on the top 100 list. The highest ranked company was still Qingjian Group Co (9th), which mainly engages in domestic and international construction projects and investment, real estate development, capital management, logistics and design consulting.

New Hope Liuhe Co, which engages in the feed business, poultry business, pig farming business, and food business, was ranked 15th, rising 11 places.

Other Qingdao companies on the list are Hiking Group (34th), Liqun Group (48th), Century Lucky Group (58th), Sailun Group (75th), Zhongqing Jianan Group (76th), Ronghua Construction Group (77th), RRS (82nd), Qingdao Ruiyuan Engineering Group (87th), Qingte Group (91st), Kangda Group (92nd). 

RRS, Qingte Group and Kangda Group were listed for the first time.

RRS, which is engaged in supply chain management, achieved an operating revenue of 14.04 billion yuan last year, up 35.7 percent year-on-year.

Qingte Group, which is involved in special vehicle manufacturing, automobile bridge production, auto parts production, real estate development, international trade and other fields, achieved a sales revenue of 12.67 billion yuan last year, up 38.2 percent year-on-year.

Kangda Group, which does food manufacturing, livable real estate, tourism development and biotechnology, achieved a sales revenue of 12.64 billion yuan last year, up 33.6 percent year-on-year.

Despite the impact of the Covid-19 epidemic and the global economic downturn, the top 100 private enterprises in Shandong managed to grow their operating revenue, total assets and net profit after tax in 2020.

Innovation capacity of the top 100 private enterprises in Shandong has also improved. The average number of patents owned by the top 100 private enterprises in Shandong grew for the fifth consecutive year to 317.64. The average investment in R&D was 528 million yuan, an increase of 6.02 percent from 2019.