<strong>China: HongyunHonghe Ranks 155h among Top 500 Chinese Enterprises in 2014</strong>

Source from:  HongyunHonghe Group  09/22/2014

HongyunHonghe Tobacco Group ranks the 155h among the Top 500 Chinese Enterprises in 2014 with an annual business revenue of 84.368 billion yuan (13.7 billion U.S. dollars) in 2013, as a result of selection by China Enterprise Confederation and China Enterprise Directors Association on the basis of competitive comprehensive grading.

On September 2, 2014, China Enterprise Confederation and China Enterprise Directors Association jointly promulgated the list of the Top 500 Chinese Enterprises in 2014. The ranking means that HongyunHonghe has moved up by one place from its standing at the 156th place in the list of the Top 500 Chinese Enterprises in 2013.

HongyunHonghe also takes the 66th place among the Top 500 Chinese Manufacturing Enterprises in 2014. The ranking means that HongyunHonghe has moved up by four places from its standing at the 70th place in the list of the Top 500 Chinese Manufacturing Enterprises in 2013.

Over the past year, HongyunHonghe, in face of hardships in the global economic revival and the complicated situation of increase of the downward pressure on the domestic economy, has managed to enhance the competitiveness of its cigarette brands, and systematically promoted and strengthened its lean management capacity building, making favorable achievements in development.

In 2013, the annual business revenue of HongyunHonghe was up 9.591 billion yuan (1.56 billion U.S. dollars) over 2012, with new breakthrough in efficiency, with new development of brands and with new progress in management, enabling the enterprise to win a higher placement in the annual list of the Top 500 Chinese enterprises. Enditem