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Haier, Legend, TCL Top China OEM List

12/08/2003 02:00:00 AM Eastern

Haier, Legend and TCL rank among the top China-based original equipment manufacturers (OEMs) of electronics products and major appliances by revenue, according to a new report issued by market research firm iSuppli Corp.

The market research firm said China's booming electronics market is growing multiple indigenous OEMs in each of the five major industry categories: computers, computer peripherals/data processing, consumer electronics, wired and wireless communications and industrial/automotive/medical electronics.

Haier Group was China's No. 1 electronics OEM in 2002, with revenue of $8.6 billion, according to the iSuppli rankings.

Legend Group was second with $4.3 billion in revenue. TCL Group came in third with $3.9 billion in revenue.

Part of iSuppli's complete 2002 ranking of the top 30 indigenous Chinese electronics OEMs is included in the table at right. A detailed analysis and report can be acquired through the company's Web site at www.isuppli.com.

According to the report, China's OEMs remain small compared to their overseas counterparts. Haier's revenue in 2002 amounted to only about 10 percent of Sony's total electronic sales, or viewed another way, in 2002, the combined gross electronic system sales of the top 30 Chinese OEMs represented only 64 percent of Hewlett-Packard's total sales.

"However, the Chinese OEMs quickly are catching up to the foreign competition in terms of year-over-year revenue growth," iSuppli concluded.

For component suppliers and others targeting the Chinese market, now is the time to establish relations with China's OEMs, because these companies may emerge as the dominant consumers of parts in the future, iSuppli said.

2002 Revenue For China's Top 20 OEMs
(In Million $s)
RankCompanyTotalNon-Elect.Gross Elect.Net Elect.
1Haier Group8,5783,6464,9324,932
2Legend Group4,2891,6902,5992,033
3TCL Group3,8541,5302,3242,092
4SVA3,2522,379873873
5Hisense Group2,3371,407930930
6Huawei2,0834431,6401,640
7Panda Elect.1,9841,124860860
8Midea Group1,820900920828
9Peking Univ.1,7551,004751751
10Changhong El.1,7372141,523837
11ZTE1,7312431,4881,488
12Eastcom995128867867
13Konka Group9800980980
14Skyworth RGB9400940564
15Gree8500850850
16Langchao775348427427
17Bird7703767767
18Galanz7610761457
19Shinco Group7400740374
20Tsinghua Tong.653131522522
2002 Gross Electronics Revenue For China's Top 20 OEMs (In Million $s)
RankCompanyTotalNon-Elect.Gross Elect.Net Elect.
1Haier Group8,5783,6464,9324,932
2Legend Group4,2891,6902,5992,033
3TCL Group3,8541,5302,3242,092
4Huawei2,0834431,6401,640
5Changhong Elect.1,7372141,523837
6ZTE1,7312431,4881,488
7Konka Group9800980980
8Skyworth RGB9400940564
9Hisense Group2,3371,407930930
10Midea Group1,820900920828
11SVA3,2522,379873873
12Eastcom995128867867
13Panda Elect.1,9841,124860860
14Gree8500850850
15Bird7703767767
16Galanz7610761457
17Peking Univ.1,7551,004751751
18Shinco Group7400740374
19Kelon Group6000600480
20Amoisonic5430543434
Source: China MII, Company Publications, iSuppli Corp. © TWICE 2003

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