This list features the top 20 Asian private companies (excludes India). It includes revenue, company description, employee figures and historical growth rates.

1. Top 20 Asian Private Companies
in 2015
January 11, 2016

2. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 2
PrivCo chooses its Top 20 Asian companies based on a comprehensive
analysis which takes into account multiple factors affecting the top Asian
companies privately held today. Among a multitude of pertinent,
information PrivCo chooses candidates based upon (but not limited to)
 Most current year revenues
 Company partnerships and potential revenue generators
 Employee figures
 Historical growth & trend rates
This year, the top company was Huawei which employs over 169,000 people
and had revenues reaching above $46 billion dollars.
About the PrivCo Top 20 Asian Companies

3. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 3
Huawei Investment & Holding Co., Ltd. has three operating segments: Carrier
Network, Enterprise Business, and Consumer business. Through these
segments, Huawei provides telecom network equipment, develops and
supplies smart devices, and provides IT products and services.
Huawei Investment & Holding Co., [HUAINVP], Shenzhen, CN
Initial Summary Majority owners of the company1
Owners
Employee Owned
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $46,430,000,000
Employees 169,000
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

4. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 4
Shandong Weiqiao Pioneering Group produces and exports yarns, fabrics,
apparel, and bedding. It also produces thermoelectricity.
Shandong Weiqiao Pioneering Group, [SHANDWP], Shandong, CN
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $45,420,000,000
Employees 123,517
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

5. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 5
Amer International Group Co., Ltd. mines non-ferrous metals and is one of
the worlds largest producers of copper products. It also is involved in metals
trading.
Amer International Group Co., Ltd., [ERTERP], Shenzhen, CN
Initial Summary Majority owners of the company1
Owners
Wang Wenyin
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $43,420,000,000
Employees 17,556
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

6. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 6
Meiji Yasuda Life Insurance Company offers disability, causality, and life
insurance products to individuals and businesses. It also offers financial
products such as annuities and group pension products.
Meiji Yasuda Life Insurance Company., [MEIYASP], Tokyo, JP
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $41,840,000,000
Employees N/A
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

7. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 7
Jiangsu Shagang Group manufactures steel products.
Jiangsu Shagang Group, [JIASHAP], Suzhou, CN
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $40,040,000,000
Employees N/A
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

8. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 8
Dalian Wanda Group Co., Ltd. has four operating companies: Wanda
Commercial Properties, Wanda Cultural Industry Group, Wanda E-
commerce, and 99bill. Through these companies, Dalian Wanda Group owns
and operates a chain of hotels, theme parks, cinemas, and department
stores; produces film and television; owns a payment platform; and operates
an e-commerce company.
Dalian Wanda Group Co., Ltd., [DALWANP], Dalian, CN
Initial Summary Majority owners of the company1
Owners
Dalian Hexing Investment Co.
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $39,070,000,000
Employees 110,000
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

9. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 9
China CEFC Energy Company Limited extracts, refines and stores oil. CEFC
also engages in oil trading and provides financial services.
China CEFC Energy Company Ltd., [CHICEFP], Shanghai, CN
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $34,480,000,000
Employees 20,000
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

10. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 10
Sumitomo Life Insurance Company is a mutual insurance company that
offers medical and life insurance products as well as retirement planning
products.
Sumitomo Life Insurance Company, [SUMLIFP], Osaka, JP
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $32,590,000,000
Employees N/A
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

11. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 11
Hengli Group manufactures and distributes fabrics. It also produces
polyester products and offers real-estate development services.
Hengli Group, [HENGLIP], Wujiang, CN
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $26,350,000,000
Employees 10,000+
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

12. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 12
Hailiang Group Co., Ltd. produces copper products, engages in non-ferrous
metals spot-trading and real-estate development, produces energy
conservation equipment, and cultivates agricultural products. Hailiang Group
also owns several campuses that provide grade school to high school level
education.
Hailiang Group Co., Ltd., [HAILGRP], Zhuji, CN
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $20,950,000,000
Employees 10,000+
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

13. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 13
Suntory Holdings Limited is a brewing and distilling group. Suntory also
produces non-alcoholic beverages and food products and operates several
chains of restaurants and bars.
Suntory Holdings Limited, [SUNTHOP], Osaka, JP
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $20,480,000,000
Employees N/A
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

14. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 14
Zenith Steel Group Corporation manufactures iron and steel. Zenith Steel
also is involved with real estate development, engages in foreign trade, and
provides logistics services.
Zenith Steel Group Corporation, [ENITEEP], Jiangsu, CN
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $16,950,000,000
Employees N/A
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

15. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 15
Xinjiang Guanghui Industry Investment (Group) Co., Ltd operates in three
segments: energy, real-estate development, and automobile services. Its
energy group is involved with coal production, oil and gas exploration, and
natural gas liquefaction. Xinjiang Guanghui’s automobile services division
runs a chain of car dealerships and car service centers.
Xinjiang Guanghui Industry Investment Co. Ltd, [XINGUAP], Xinjiang, CN
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $16,240,000,000
Employees N/A
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

16. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 16
Guangsha Holding Group Co., Ltd. engages in three main businesses: civil
engineering and heavy construction, real estate development, and
hydropower. It also owns travel agencies and hotels, produces lighting and
lamps, and processes non-ferrous metals.
Guangsha Holding Group Co. Ltd., [GUANGP], Zhejiang, CN
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $15,900,000,000
Employees N/A
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

17. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 17
Sanpower Group Co., Ltd. is invested in several financial service companies,
owns a department store chain, sells electronics products, engages in real
estate development, provides security services for local governments, and
offers health and beauty care services.
Sanpower Group Co. Ltd., [SANPGRP], Nanjing, CN
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $13,710,000,000
Employees N/A
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

18. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 18
New Hope Group Co., Ltd. produces and sells meat, egg, and dairy products;
manufactures potassium and calcium hydrogen phosphate; provides
investment and financial services; and invests in real estate, infrastructure,
and financial institutions.
New Hope Group Co., Ltd., [EWOPEP], Sichuan, CN
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $12,600,000,000
Employees N/A
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

19. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 19
Shandong Chenxi Group Co., Ltd. is a soybean processing company. The
company also produces petrochemicals and processes corn and palm oil.
Shangdong Chenxi Group Co., Ltd., [ANDENXP], Shandong, CN
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $12,390,000,000
Employees N/A
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

20. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 20
Xiaomi Inc. manufactures and markets smart phones under the brand Millet.
Xiaomi Inc., [MILLETCP], Beijing, CN
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $11,970,000,000
Employees 8,100
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

21. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 21
Beijing Jianlong Heavy Industry Group Co., Ltd. produces iron, steel, and
electrical machinery. Beijing Jianlong also engages in resource exploration
and shipbuilding.
Beijing Jianlong Heavy Industry Group, [IJIANLP], Beijing, CN
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $11,650,000,000
Employees 8,100
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

22. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 22
Hangzhou Wahaha Group Co., Ltd. produces dairy-based drinks, bottled
water, and other beverages.
Hangzhou Wahaha Group Co., Ltd., [HANWAHP], Zhejiang, CN
Initial Summary Majority owners of the company1
Owners
N/A
Recent revenue & employee figures2
Key Figures: Year End 2014
Revenue $11,610,000,000
Employees 8,100
1 – Majority owner based upon estimates and press release at time of publication
2 – Financial and historical growth trend based on public information at time of publication

23. Private Company Financial Intelligence
PrivCo’s Top 20 Asian Companies 2015 23
Thank you for your consideration
For more information on each company please go to:
www.privco.com