GCL Concord Group Limited (GCL Group) was listed by China Enterprise Confederation/China Enterprise Directors Association as #144 out of the Top 500 Companies in China and remained #1 in the new energy industry in Nanchang, Jiangxi Province on Sunday (Sept. 10). This is the second consecutive year GCL has been listed in the Confederation’s top 500, increasing its rank from #176 in 2016. GCL was ranked #1 new energy company in 2016 as well.
Each year, the federation releases their list of top 500 Companies in China. In 2017, GCL is listed together with many familiar high technology powerhouses such as Huawei, Lenovo and many more, especially for their performance in high technology development.
“It is a great honor to be recognized by the Federation as Top 500 for the second year in a row and to move up within the rankings. We focus on continuous innovation and entrepreneurship and take great pride in being an innovative new energy industry leader,” GCL President Kou Bing’en said. “We enjoy the work we do and look forward to the future as we look for more ways to improve our environment by bring green energy to life.”
The top 500 Chinese companies reported a combined revenue of 64 trillion yuan (9.84 trillion U.S. dollars) in 2017, setting a new record after a two-year decline.
The revenue was 7.64 percent higher than that in 2016, according to China Enterprise Confederation/China Enterprise Directors Association which published its annual list on Sunday.