A survey of China's top 500 private enterprises in 2020 shows that in 2019, 94.60% of the top 500 enterprises will actively implement transformation and upgrading to promote high-quality development of enterprises.
Last year, private enterprises enhanced their innovation capabilities and core competitiveness, fought the "three tough battles", actively participated in major national strategies and regional coordinated development strategies, and achieved new achievements in development.
However, there are still some restrictive factors in the development of private enterprises, which need to be solved by tapping the potential within the enterprise and supporting external policies.
The 2020 China Top 500 Private Enterprises Summit hosted by the All-China Federation of Industry and Commerce was held in Beijing on September 10.
The meeting released the "2020 China Top 500 Private Enterprises Research and Analysis Report" (hereinafter referred to as the "Report") and the "2020 China Top 500 Private Enterprises" list.
The All-China Federation of Industry and Commerce stated that in 2019, private enterprises will accelerate their transformation and upgrading, enhance their innovation capabilities and core competitiveness, fight the "three tough battles", and actively participate in major national strategies and regional coordinated development strategies.
The survey shows that 94.60% of Fortune 500 companies take the initiative to implement transformation and upgrading to promote their high-quality development.
At the same time, the growth rate of some business indicators continues to slow down, the problem of financing difficulties and expensive financing has not been effectively alleviated, and the impact of economic and trade frictions continues to appear. These are still important factors restricting the development of private enterprises. They need to tap the potential of enterprises and external policies to solve them.
Continuous optimization of industrial structure
According to Huang Rong, vice chairman of the All-China Federation of Industry and Commerce, a total of 5,761 companies with annual operating income of more than 500 million yuan participated in the survey of large-scale private enterprises this year.
The entry threshold for the top 500 private enterprises has made a new breakthrough, reaching 20.204 billion yuan, an increase of 1.618 billion yuan over the previous year.
Among them, Huawei Investment Holdings ranked first with 858.833 billion yuan in revenue, Suning Holdings and Zhengwei International ranked second and third, with revenues of 665.259 billion yuan and 613.899 billion yuan respectively.
Behind the new breakthroughs in the entry threshold are the new achievements of domestic private enterprises in optimizing scale and structure, accelerating transformation and upgrading, and improving quality and efficiency.
The "Report" pointed out that the total operating income of the top 500 private enterprises was 30.17 trillion yuan, an increase of 5.85% over the previous year.
The total assets are 36.96 trillion yuan, an increase of 6.78% over the previous year.
After-tax net profit was 1.39 trillion yuan, an increase of 8.06% over the previous year.
A total of 19 top 500 private enterprises are listed in the world's top 500.
From the perspective of industrial structure, there are a total of 331 shortlisted companies in the secondary industry, of which 288 are manufacturing companies, which continue to occupy the leading position in the top 500 private enterprises.
The proportion of the tertiary industry continued to increase. A total of 164 enterprises were shortlisted, an increase of 7 from the previous year. Total assets and total operating income accounted for 59.34% and 36.34% of the top 500 respectively.
"Relevant data reflects the continuous optimization of my country's industrial structure." Huang Rong said.
"Going out" is more cautious
Taking into account the complex and severe international environment, the top 500 private enterprises are more cautious about "going out", and many companies have slowed down their globalization and investment.
The "Report" shows that in 2019, the total export value of the top 500 private enterprises was 121.241 billion U.S. dollars, a decrease of 21.014 billion U.S. dollars over the previous year, or 14.77%.
The overseas investment of the top 500 private enterprises has slowed down significantly. The number of overseas investment projects (enterprises) decreased by 487 (companies) compared with the previous year, a drop of more than 20%, to only 1,858 (companies), and the number of overseas employees and overseas operating income has decreased significantly.
The number of enterprises investing along the "Belt and Road" and "One Road" has decreased by 6.70% and 24.55% respectively from the previous year.
Some private entrepreneurs said that enterprises "going out" are still facing difficulties in talents, information and capital. International trade protectionism, unilateralism, and imperfect laws and policies of the host country are the main external obstacles facing private enterprises in opening up overseas markets.
At the same time, the guiding role of the implementation of national strategies on the development of private enterprises has been further strengthened, and more enterprises have chosen to devote themselves to national development strategies and regional coordinated development strategies.
Among the top 500 private enterprises, 471 enterprises have participated in various national strategies, accounting for 94.20%.
Among them, the integrated development of the Yangtze River Delta region, the development of the Yangtze River Economic Belt, and the construction of the Guangdong-Hong Kong-Macao Greater Bay Area are particularly welcomed. There are 152, 100, and 97 private enterprises participating respectively, accounting for 30.40%, 20.00%, and 20.00% of the top 500 companies. 19.40%.
In 2019, private enterprises continued to increase their R&D investment and obtained more than 170,000 domestic and foreign invention patents, an increase of 7.5% over the previous year.
A group of private enterprises represented by Huawei have mastered core technologies in key areas. While improving the quality and efficiency of enterprise development, they have also made outstanding contributions to promoting the high-quality development of my country's economy.
Development still faces multiple challenges
In 2019, a series of policy measures such as the "Opinions of the Central Committee of the Communist Party of China and the State Council on Creating a Better Development Environment to Support the Reform and Development of Private Enterprises" and the "Regulations on Optimizing the Business Environment" were successively introduced to continuously create a better development environment for the private economy.
The survey shows that 91.88% of the actual reporting companies believe that a series of supporting measures introduced by the local government have been implemented with greater strength, which is 2.82 percentage points higher than the previous year.
Benefited from the various tax and fee reduction policies issued by the state, the top 500 private enterprises actively optimized and adjusted their development strategies.
In 2019, among the 431 top 500 companies actually reported, 204 companies improved the quality of products and services, accounting for 40.80% of the top 500 private companies; 200 companies further expanded the market, accounting for 40.00%; companies that increased the added value of the company 192 companies, accounting for 38.40%; 185 companies that increase R&D expenditures, accounting for 37.00%.
"Through the analysis of the top 500 private enterprises, we found some issues worthy of attention. For example, the growth rate of some business indicators continues to slow down." Huang Rong pointed out that with the expansion of the top 500 private enterprises, the increase in operating income, tax The growth rate of net profit and total assets slowed down after that, with a decrease of 10.59, 5.81 and 15.99 percentage points respectively over the previous year.
The increase in operating income, net profit after tax, and total net assets of the top 500 manufacturing private enterprises decreased by 5.46, 12.98, and 14.13 percentage points from the previous year.
"The burden of tax payment, financing costs, and raw material costs are still the most important cost burdens for the top 500 private enterprises, and corporate profits are facing more challenges." Huang Rong said.
The problem of difficult financing and expensive financing has not been effectively alleviated.
The "Report" shows that the number of top 500 companies that find it difficult to raise financing continues to grow, from 254 in 2017 to 274 in 2019; the proportion of direct financing is still low, and financing through capital markets and the introduction of strategic investors The proportions of enterprises were 45.40% and 21.80%, a decrease of 10.63% and 10.66% respectively from the previous year.
From the perspective of the enterprise itself, Xu Lejiang, deputy director of the United Front Work Department of the Central Committee of the Communist Party of China, pointed out that my country's private enterprises still have a significant gap compared with international advanced enterprises in terms of independent innovation capability, resource utilization efficiency, informatization level, internal governance structure, and quality and brand benefits. , The problem of "big but not strong" is still prominent.
This list is not only a "physical examination" for leading private enterprises, but also a "barometer" for the development of our private economy.
"Based on the advantages of the domestic super-large-scale market, we will make full use of the domestic and international markets and resources, and make due contributions to accelerating the formation of a new development pattern with domestic and international cycles as the main body and mutual promotion of domestic and international cycles." Said Wang Jianyi, chairman of the group.
(Economic Daily-China Economic Net reporter Zeng Shiyang)