The China Chemical Enterprise Management Association and the China Chemical Industry Information Association recently released China’s Top 500 chemical company list. Huaxing Petrochemical ranked 25; Changyi Petrochemical ranked 27; Zhenghe Group, 44; Daqing Zhonglan, 114; and Qingdao Anbang, 238.
The list was based on company economic data and annual sales revenue from last year, as well as data from the National Bureau of Statistics. The evaluation followed the existing economic benefit assessment methods, which calculated the comprehensive economic benefit index of each enterprise. The activity has been held annually for the past 12 years, and the company had to have at least 1.6 billion yuan ($260,324) in revenue to make the list in 2014, up 200 million yuan compared with 2013.