On August 11, the famous commercial magazine Forbes released the 3^rd"Chinese Top Enterprises List" in Chinese version. Among 100 listed Chinese top enterprises, YRPG ranked 47^th.
According to the statistics of Forbes, Ping An, Lenovo Holdings and Rizhao Steel ranks top three. The first one Ping An's sales income in 2007 is about 165.2 billion Yuan. The weighted average sales income increases by 75% and the weighted average profit increases by 128% for these three years. There are total 13 enterprises from Jiangsu on the list.
Among the listed enterprises, there are a total of 6 enterprises having pharmaceutical business, only 2 of which are mainly engaged in pharmaceutical business, that is, YRPG and Xiuzheng. The average total assets of these 6 enterprises are about 18.3 billion Yuan; average sales income is about 12.2 billion Yuan; and average profit is about 1.54 billion Yuan. The first one of these 6 enterprises ranks 11^thon Forbes list, and the last one ranks 67^th.
Liu Ruiming, the formulator of this list said that the average total assets of the 100 enterprises in 2007 were about 40.5 billion Yuan, which was almost twice as much as that of last year; the average sales income was about 19.6 billion Yuan, which was 46% higher than that of last year; the average profit was about 1.7 billion Yuan, which was 73% higher than that of last year. All these indicate that the listed enterprises grow more rapidly with obvious increasing in enterprise scale. From the industry perspective, steel and real estate industries still play an important role. More agricultural products manufacturing and processing enterprises are listed while many textile enterprises fail to be re-listed.
The conditions for the list are very severe. Relevant personnel said the list was formulated according to the following process: firstly selecting 500 candidate enterprises with a sales income over 3 billion Yuan (in 2007) from thousands of private enterprises; then conducting weighted calculations according to the equity return rate indicators (total assets return rate, net assets return rate) from 2005 to 2007, increase indicators (sales increase rate and profit increase rate) and profitability indicator (sales profit rate); and then adjusting according to sales scale over last three years.
YRPG's ranking on the list indicates YRPG's stable operation and rapid growth over the last three years and also sets up a good example in national pharmaceutical industry and the private enterprise field.