China News Service, Beijing, September 10 (Liu Dawei and Xing Liyu) The 2020 China Top 500 Private Enterprises Summit hosted by the All-China Federation of Industry and Commerce was held in Beijing on the 10th.
The "Top 500 Chinese Private Enterprises" list and the "2020 China Top 500 Private Enterprises Release Report" were announced at the meeting.
On September 10, the 2020 China Top 500 Private Enterprises Summit was held in Beijing.
The picture shows Lu Yong, vice chairman of the All-China Federation of Industry and Commerce, announced the top 500 list.
Photo by China News Agency reporter Xing Liyu
The top 500 private enterprises in China are based on the survey of large-scale private enterprises by the All-China Federation of Industry and Commerce. The total operating income of the previous year is the ranking result released by the reference index.
The total operating income of the top 500 private enterprises in 2019 is 30.17 trillion yuan (RMB, the same below), the entry threshold is 20.204 billion yuan, and the entry threshold for the top 500 manufacturing enterprises is 8.918 billion.
Among them, Huawei Investment Holding Co., Ltd. has a revenue of 858.833 billion yuan, ranking first among the top 500 residential enterprises and top 500 private enterprises in the manufacturing industry. Suning Holding Group and Zhengwei International Group Co., Ltd. rank second and third.
The top 500 companies are mainly concentrated in the eastern region, with 5 new ones in the central region compared with the previous year.
Among the top 500 private enterprises this year, 73 are new entries.
The top 10 companies on the "Top 500 Chinese Private Enterprises" list are: Huawei, Suning, Zhengwei International, Hengli Group Co., Ltd., Country Garden Holdings Co., Ltd., Evergrande Group Co., Ltd., Legend Holdings Co., Ltd., and Gome Holdings Group Co., Ltd., Vanke Enterprise Co., Ltd., Zhejiang Geely Holding Group Co., Ltd.
In addition, Huawei, Zhengwei International, and Hengli Group are among the top three in the "2020 China's Top 500 Private Enterprises in Manufacturing Industry"; Suning, Country Garden, and Evergrande Group are among the top three in the "2020 China's Top 100 Private Enterprises in the Service Industry".
These industries are the most profitable
In 2019, the overall sales net interest rate, net asset interest rate and return on net assets of the top 500 private enterprises increased slightly compared with the previous year.
Animal husbandry, leather, fur, feathers and their products and footwear, food manufacturing, agriculture, forestry, animal husbandry, fishery and auxiliary activities, non-metallic mineral products and special equipment manufacturing industry and other 6 sub-sectors The operating efficiency is relatively high.
From the perspective of net sales margin, the net sales margin of the top 500 private companies in 2019 is 4.62%. There are 23 industries with this indicator value higher than this level. Among them, the net sales margin of 4 industries exceeds 10%: real estate Industry, animal husbandry, leather, fur, feathers and their products and footwear industry, agriculture, forestry, animal husbandry, fishery and auxiliary activities.
Eight characteristics of China's top 500 private enterprises
The overall scale continues to grow.
The operating income of 10 companies including Huawei, Suning and Zhengwei exceeded 300 billion yuan in 2019.
Among the top 500 private enterprises, there are 80 enterprises with total assets exceeding 100 billion yuan, an increase of 4 from the previous year.
Evergrande ranked first in the top 500 private enterprises in total assets with a scale of 2.21 trillion yuan.
A total of 19 top 500 private enterprises are listed in the world's top 500.
The operating efficiency continued to improve.
The total operating income of the top 500 private enterprises was 30.17 trillion yuan, an increase of 5.85%.
The total assets were 36.96 trillion yuan, an increase of 6.78%.
After-tax net profit was 1.39 trillion yuan, an increase of 8.06%.
The net profit margin, net asset margin, and return on net assets of the top 500 private enterprises increased by 0.09, 0.03, and 0.43 percentage points from the previous year, respectively. Per capita operating income and per capita net profit increased by 2.53 and 7.07 percentage points, respectively. , The turnover rate of total assets decreased by 1.27 percentage points from the previous year.
Social contributions are generally stable.
The total tax payment of the top 500 private enterprises reached 1.37 trillion yuan, accounting for 8.7% of the country's total tax revenue.
There are 8 companies with tax payments exceeding 20 billion yuan, namely: Vanke, Huawei, Country Garden, Evergrande, Geely, Hengli, Dalian Wanda Group Co., Ltd., and Longfor Group Holdings Co., Ltd.
The industrial structure is continuously optimized.
Among the top 500 private enterprises, there are 331 second-industry finalists, of which 288 are manufacturing enterprises, which continue to dominate.
The proportion of the tertiary industry continued to increase, with 164 shortlisted enterprises, an increase of 7 over the previous year.
Investment and financing activities have been more prudent.
In 2019, the top 500 private enterprises participated in financing through multiple channels, and the structure was still dominated by self-owned funds and bank loans. The operation of the capital market was significantly slowed down, and M&A activities were significantly reduced.
Technological innovation capabilities and brand building have been steadily improved.
The proportion of R&D personnel in the top 500 private enterprises has further increased, but companies with high R&D expenditures have declined, and companies with low R&D expenditures have increased.
R&D achievements have grown steadily, focusing on protecting corporate intellectual property rights on an international scale, and international effective patents have increased by 83.06%.
"Going out" is becoming more standardized and rational.
Affected by the international environment, the total exports of the top 500 private enterprises in 2019 were US$121.241 billion, a decrease from the previous year; overseas investment has slowed significantly, with 243 companies investing overseas, an increase of 0.83%; there are 1858 overseas investment projects; the number of overseas employees Reached 569,900 people; realized overseas income (excluding exports) of 673.598 billion US dollars.
Governance capabilities and the level of rule of law continue to improve.
Among the top 500 private enterprises, more than 95% have established a modern enterprise system, and their management level has been continuously optimized.
More than 70% of private enterprises have specially set up legal institutions or introduced legal talents to protect their legal rights and interests, and their ability to govern enterprises according to law has been further improved.
The development of private enterprises still faces challenges
In 2019, the business environment factors that affect the development of private enterprises are mainly these three: rising labor costs, heavy taxes and fees, financing difficulties and expensive financing.
Compared with the previous two years, these influencing factors have not been significantly alleviated, and some of the impacts are still intensifying.
The increase in labor costs has been the most important factor affecting the development of private enterprises for six consecutive years.
Especially since the outbreak of the new crown pneumonia epidemic, the epidemic has brought varying degrees of impact on the production and operation of various enterprises.
Among them, the main factors are high production and operation costs, orders but not normal production and operation, and reduction in market orders.
During the epidemic, the profitability of the top 500 private enterprises and the supply chain capital chain were affected to varying degrees.
In response to this, the top 500 private enterprises took the initiative to take various countermeasures to minimize the adverse effects of the epidemic, and actively accelerate the development and innovation of enterprise products or services.
In a complex and severe international environment, all private enterprises "going out" are also facing challenges.
In 2019, 30% of the top 500 companies believe that the impact of Sino-US economic and trade frictions on companies has increased. The main impact is that tariff shocks have led to increased export costs to the United States, decline in exports, shrinking business, increased uncertainties in the US business environment, and investment in the US market. Three aspects are affected.
In addition, private enterprises are also facing the difficulties of lack of talents, capital, and insufficient investment environment and market information in the host country in exploring and deepening overseas markets.
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