Heilan Group ranks 39th among China's Top 500 Private Enterprises this year. [Photo/VCG]

Twenty Wuxi-based companies were listed among China's Top 500 Private Enterprises this year, according to a report released by the All-China Federation of Industry and Commerce in Northwest China's Qinghai province on Aug 22.

Apparel manufacturer Heilan Group topped Wuxi firms, ranking 39th nationwide with operating revenue of 120 billion yuan ($16.9 billion).

Suning Holdings Group took third in Wuxi with operating revenue of 602.46 billion yuan, leading another 82 companies in East China's Jiangsu province.

According to the rankings, companies in this year's list should at least register operating revenue of about 18.59 billion yuan, 2.9 billion yuan higher from the previous year.

Chinese telecom giant Huawei Investment & Holding Co Ltd topped the list for the fourth consecutive year with operating revenue of 721.2 billion yuan, China Times reported.