Text/Hua Dolma
On September 9, the All-China Federation of Industry and Commerce released the 12 China Top 2023 Private Enterprises List and the 500 China Private Enterprise 2023 Emphasis Research Analysis Report.
What information is worth paying attention to in the list, and what new changes in the development of the private economy are revealed?
JD.com, Alibaba, and Hengli ranked in the top three, while Huawei did not participate
This year is the 25th survey of large-scale private enterprises organized by the All-China Federation of Industry and Commerce, with a total of 8961,5 enterprises with an annual operating income of more than 2023 million yuan participating. The 2022 list is based on the operating income of enterprises in <>.
The "Report" shows that this year's top 500 private enterprises shortlisted threshold reached 275.78 billion yuan (revenue), an increase of 12.11 billion yuan over the previous year. The operating income of 17 top 500 enterprises exceeded 3000 billion yuan, of which 8 enterprises had an operating income of more than 5000 billion yuan. 28 of the top 500 private enterprises were listed in the world's top 500.
Screenshot of the research analysis report
The top three companies are: JD.com, Alibaba (China) Co., Ltd., and Hengli Group Co., Ltd., with operating revenues of 2022.10462 billion yuan, 36.8645 billion yuan and 39.6117 billion yuan respectively in 57. Among them, Jingdong Group ranked first in the list of the top 500 private enterprises in the service industry for two consecutive years and the top 100 private enterprises in the service industry for three consecutive years; Hengli Group Co., Ltd. ranked first among the top 500 private enterprises in the manufacturing industry for two consecutive years.
This year, Huawei Investment Holdings Co., Ltd. did not participate in the selection. According to Huawei's annual report, Huawei's operating income in 2022 was 6423.<> billion yuan.
Pay more attention to scientific and technological innovation capabilities
What highlights of the development of private enterprises are revealed in the list?
——The number of relevant mid- and upstream manufacturing enterprises has increased
Liang Jing, a senior researcher at the Bank of China Research Institute, analyzed to China News Agency that from the perspective of industry distribution, due to the sharp rise in commodity prices, the rapid development of new technologies, and the rapid development of exports, the number of relevant mid- and upstream manufacturing enterprises has increased.
For example, the ferrous metal smelting and rolling processing industry continued to rank first, with the number of shortlisted enterprises increasing by 3 over the previous year, and the number of shortlisted enterprises in non-ferrous metal smelting and rolling processing industry, chemical raw materials and chemical products manufacturing, computer communications, electrical machinery and equipment manufacturing and other industries also increased.
– Private enterprises pay more attention to improving their scientific and technological innovation capabilities
The number of R&D personnel of the top 500 enterprises accounted for more than 10%, 3%-10% and 1%-3% respectively increased by 17, 21 and 17 over the previous year, and the number of enterprises with R&D investment intensity greater than 10%, 3%-10% and 1%-3% also increased by 2, 4 and 12 respectively over the previous year.
According to the report, Tencent Holdings Co., Ltd. ranked first with 614.01 billion yuan of R&D investment. Among the top 500 private enterprises, 414 enterprises mainly derived their key technologies from independent development and research, and 432 enterprises completed the transformation of scientific and technological achievements through self-financing. More than ninety percent of the top 500 companies have implemented or plan to implement digital transformation at different levels, and nearly ninety percent have taken various measures to implement green and low-carbon development. The number of valid patents of the top 500 private enterprises decreased by 3.86% compared with the previous year, of which the number of domestic effective patents increased by 8.42%; The number of domestic valid trademark registrations increased by 3.90% over the previous year, and the number of Madrid international trademark registrations increased by 55.40%.
Liang Jing analyzed that private enterprises pay more attention to improving their scientific and technological innovation capabilities. On the one hand, the domestic economy has entered a new stage of development, residents' consumption demand is constantly changing and upgrading, and the demand for personalization, diversification and upgrading is increasing, which requires the supply side to improve the adaptability to effective demand, and requires enterprises to better meet the changes in demand through innovation in technology, products and services.
On the other hand, the external environment is more complex and changeable, and the world political and economic pattern has undergone profound changes, in order to better cope with the challenges brought by this, enterprises need to continuously strengthen their independent innovation capabilities and continuously improve their competitiveness. In addition, private enterprises are an important part of the national economy, and their high-quality development is also the due meaning of China's high-quality economic development, and in recent years, the government has continued to provide a better policy environment for private enterprises to promote scientific and technological innovation, transformation and upgrading.
The confidence of private enterprises in development needs to be further enhanced
While the number of top 500 manufacturing enterprises has increased and private enterprises have paid more attention to scientific and technological innovation capabilities, the development of the private economy is also facing certain pressure.
Screenshot of the research analysis report
According to the report, the total operating income of the top 500 private enterprises was 39.83 trillion yuan, an increase of 3.94%. Total assets were 46.31 trillion yuan, an increase of 11.21%. Net profit after tax was 1.64 trillion yuan, down 4.86%. The net sales profit margin, net asset interest rate and return on net assets of the top 500 private enterprises were 4.13%, 3.67% and 10.81% respectively, and the per capita operating income and per capita net profit were 363.04 million yuan and 14,98 yuan respectively, with a total asset turnover rate of 88.86%.
Liang Jing analyzed that on the whole, the operation of private enterprises is consistent with the overall macro situation. In 2022, China's economy will be greatly affected by multiple factors exceeding expectations at home and abroad, such as the epidemic, the triple pressure of the economy will increase, the operating efficiency of enterprises will face some pressure, the growth rate of operating income of the top 500 enterprises will slow down, and the net profit after tax and net profit margin of sales will decline to varying degrees. But at the same time, the government has introduced a series of support policies to help companies tide over the difficulties. The scale of the top 500 enterprises has grown steadily on the whole, especially the assets have rebounded significantly from the previous year, and the total assets have increased by 11.21% year-on-year.
Wang Jun, chief economist of Huatai Asset Management Co., Ltd., told China News Service that the growth rate of private enterprises' operating income has slowed down, and the net profit after tax, net profit margin of sales, and total tax payment have declined, indicating that the difficult operating situation of private enterprises has not been fundamentally improved. Private enterprises also need greater policy support, including market access and major project input.
Since the beginning of this year, China has introduced a series of measures to increase support for the private economy. This includes the issuance of the Notice on the Implementation of Several Recent Measures to Promote the Development of the Private Economy, 28 measures to support private enterprises, and the establishment of the Private Enterprise Development Bureau.