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The Auto Industry Aristocracy in China's "Top 100 Taxpayers" in 2003
On September 12, the "2003 China's Top 100 Taxpayers List" was officially released by the State Administration of Taxation and China Tax Magazine. This annual ranking has become a significant indicator of corporate contribution to the national economy. Unlike other rankings that may focus on market size or brand influence, this list is based purely on tax payments, making it one of the most reliable and respected sources of domestic economic data.
The automotive industry stands out in this year’s list, showing consistent growth and increasing importance. The tax paid by the top 100 vehicle manufacturers saw a sharp rise, from 8.1 billion yuan in 2001, to 12.59 billion yuan in 2002, and finally reaching 17.225 billion yuan in 2003. This reflects not only the expansion of the sector but also its growing financial responsibility toward the state.
Highlight 1: Six major automakers made it into the Top 100 taxpayers list. Among them, Shanghai Automotive Industry Corporation (SAIC) topped the list as the highest taxpayer in the industry. Its annual tax contribution increased steadily, with an average growth rate of around 12% to 13%. Meanwhile, SAIC-GM (Shanghai GM) experienced rapid growth, with an annual tax increase of approximately 80%. FAW-Volkswagen also showed strong performance, with a tax growth of about 30% per year. Guangzhou Honda, Shenlong Motors, and Chongqing Changan followed closely behind.
Highlight 2: In the category of foreign-invested enterprises and companies from Hong Kong, Macao, and Taiwan, 16 auto manufacturing firms appeared on the list, contributing a total of 20.663 billion yuan in taxes—accounting for 32.92% of the total tax paid by foreign-funded enterprises. This highlights the automotive industry’s dominant role in the foreign investment sector. Shanghai Volkswagen led the way with 4.509 billion yuan in taxes, while Shanghai GM overtook FAW-Volkswagen to take second place, and FAW-Volkswagen came in third.
Highlight 3: The rankings were dynamic this year, with several new entrants making their mark. Notable additions included well-known names such as Guangzhou Honda, Beijing Hyundai, GM Wuling, and Yueda Kia, signaling a shift in the competitive landscape of the industry.
Highlight 4: In the "Top Ten Tax-paying List of 168 Industry — Automobile, Motorcycle and Parts Wholesale," three companies stood out: Chery Automobile Sales Co., Ltd., Jilin FAW-Volkswagen Sales Co., Ltd., and Qingdao FAW Trading Corp. Qingdao Branch, securing the top three positions in this particular category.
This year’s list not only reflects the financial strength of leading companies but also showcases the evolving structure of China’s automobile industry, driven by both domestic and international players.