2004 China Rich List
Li Xinyan and family - 2004 China Rich List:No.66
| 2004 wealth (US m): |
180 |
| 2003 wealth (US m): |
155 |
| age: | 53 |
| birthplace: | Longyan, Fujian |
| company: | China Longgong Group |
| head office: | Fujian |
| industry: | Heavy earthmoving vehicles |
| listing: | None |
| personal info: | This year has seen Longgong diversify into the power sector, taking a 10% stake in a Hong Kong-listed power company. Expanding on the back of China’s construction boom, Longgong’s dump trucks, bulldozers and other earth movers generated sales last year of US$320 million (2002: US$180 million). Li started manufacturing dump trucks in 1993, after dabbling with trade with Hong Kong and a cement business. |
| other list rank: |
