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Published on Taipei Times http://www.taipeitimes.com/News/biz/archives/2004/04/12/2003136393 CPC, Hon Hai, Quanta top sales earners: survey TOUGH COMPETITION: ``Commonwealth'' said the improving economy means companies will have to work harder than last year to make it into this year's top 10 listSTAFF WRITER Monday, Apr 12, 2004, Page 10 State-run Chinese Petroleum Corp (CPC, 中油), Hon Hai Precision Industry Co (鴻海精密) and Quanta Computer Inc (廣達電腦) were the top three domestic manufacturers by sales in the country last year, according to a survey released yesterday by Commonwealth (天下雜誌), a Chinese-language business magazine. CPC, which took the first position in 2002, reported sales of NT$457.85 billion last year, followed by Hon Hai with NT$327.9 billion (US$9.99 billion) and Quanta's NT$292.29 billion. Hon Hai was also the largest private company in the manufacturing industry in 2002 with sales of NT$245 billion.
Other manufacturers in the top 10 list were Formosa Petrochemical Corp ( The magazine indicated that as the economy is getting better this year, companies will need to come up with sales exceeding NT$100 billion to get in the top 10 list in the industry this year. The survey said state-run Taiwan Power Company (台電) and Chunghwa Telecom Co (中華電信) and Samsung Electronics Taiwan Co were the top three companies by sales in the service sector last year with revenues of NT$335.47 billion, NT$179.15 billion and NT$93.71 billion respectively.
In the banking industry, the top three positions were taken by Cathay Financial Holding Co ( Meanwhile, another poll released by the magazine said that 76 percent of the chief executive officers in the top 1,000 enterprises in the nation are optimistic about the economy this year regardless of the post-election uncertainties.
The magazine said 84.8 percent of those polled are considering increasing investment in Taiwan and 77 percent plan to raise employee salaries.
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