August, 29, All-China Federation of Industry and Commerce released the list of 2013 Top 500 Chinese Private Enterprise in Beijing. Tongwei ranks 42.

The lowest operating revenue of China’s private enterprises on the 2013 list was 7.772 billion yuan , up 1.203 billion yuan from one year earlier, compared to the 1.509-billion-yuan increase on the 2012 list. Total operating revenues of the top 500 Chinese private enterprises crossed the 10-trillion-yuan line in 2012.

Focusing its core business on agriculture and new energy, Tongwei Group - a leading technologically advanced private enterprise - continues its development blitz with chemical industry, pet food, IT, construction and real estate. With its healthy and fast development, Tongwei Group has built a formidable business that tallied ￥35.2 billion RMB in sales in 2011, and ￥41.2 billion RMB in 2012. Adhering to its core philosophy of "For a better life", Tongwei perseveres in feed and aquaculture core business development, as well as its industrial chain build-up on its way to the world-class safe food supplier. Meanwhile, Tongwei strives to strengthen its competitiveness through huge investment in polycrystalline silicon and solar PV industry. It aims to become the world-class solar PV enterprise and the world-class clean energy company. With this, Tongwei Group’s sales revenue will reach ￥60 to 100 billion RMB in 3 to 5 years.