Hon Hai ranked nation's top enterprise

Hon Hai Precision Industry Co (鴻海精密), the nation's largest electronics exporter, topped the list of the "2006 Top 1,000 Enterprises" survey released yesterday.

The annual study, conducted by the Chinese-language Commonwealth biweekly magazine, ranked local companies in terms of consolidated revenues.

Hon Hai posted consolidated sales of NT$911.8 billion (US$28.72 billion) last year, expanding by 68.3 percent from the previous year. The result marks the first time a private-sector firm has surpassed state-run firms to clinch the top spot.

In the manufacturing sector, state-run Chinese Petroleum Corp (中油) fell to No. 2 at NT$667.8 billion, while Quanta Computer Inc (廣達電腦) was the third with NT$479.2 billion.

Formosa Petrochemical Corp (台塑石化) followed with NT$445.2 billion and Asustek Computer Inc (華碩電腦) was fifth with NT$357.8 billion.

Revenues generated by local manufacturers hit a high of NT$14 trillion last year, up from NT$12 trillion the previous year, according to the survey.

Meanwhile, the top three companies in the services industry were Taiwan Power Co (台電), Acer Inc and Chunghwa Telecom Co (中華電信), it said.

The top three firms in the finance industry were Cathay Financial Holding Co (國泰金控), the Bureau of National Health Insurance (中央健保局) and Chunghwa Post Co (中華郵政), according to the study.