On September 2nd, at the 2018 China Top 500 Enterprises Summit, China Enterprise Confederation, China Entrepreneur Association released the list of 'Top 500 Chinese Enterprises'. State Grid Co., Ltd., China Petrochemical Corporation, China National Petroleum Corporation The top three.
This is the China Enterprise Confederation. The China Entrepreneurs Association has published the top 500 Chinese enterprises for the 17th consecutive year with reference to international practices. It has released the top 500 Chinese manufacturing enterprises and the top 500 Chinese service enterprises for the 14th consecutive year. For the 8th consecutive year, China's multinational corporations' 100 major and multinational indices were released. The 'Three Top 500' list covers 1,077 large enterprises in different industries in China, including 500 manufacturing companies and 500 service companies. 253 and 170 finalists in the top 500 Chinese enterprises.
In 2018, the top 500 Chinese enterprises entered the threshold for the first time to break through 30 billion yuan, achieving 16 consecutive rises. The top 500 Chinese enterprises' revenues jumped to 70 trillion yuan for the first time, an increase of 11.20% over the previous year, returning to double-digit growth rate. .
The Economic Daily invited Qi Rong, the chief researcher of the China Enterprise Confederation, to interpret the list. Zhai Rong believes that the development of the top 500 Chinese enterprises in the 2018 shows the following five characteristics.
Feature one
Operating income growth has accelerated
Continuous improvement in economic efficiency
Realized operating income of 71.7 trillion yuan, breaking through the 70 trillion yuan mark, an increase of 11.2% over the previous year, and the growth rate increased by 3.6 percentage points. Among them, there were 172 enterprises with a revenue of more than 100 billion yuan, an increase of 15 over the previous year; The number of mainland enterprises entering the world's top 500 enterprises reached 107, an increase of 2 over the previous year. The net profit attributable to shareholders of the parent company was 3.2 trillion yuan, an increase of 13.3% over the previous year, and the growth rate increased by 10.1 percentage points; A total of 32 companies suffered losses, and the number of loss-making enterprises decreased by 11 from the previous year.
Feature two
Structural optimization momentum is not reduced
New business models continue to emerge
The steel and coal industry has achieved remarkable results in de-capacity production. In 2017, the total production capacity of crude steel was more than 50 million tons, exceeding the annual target task. The production capacity of 140 million tons of 'strip steel' was fully cleared, the quality of steel was significantly improved, and the industry's efficiency increased significantly. In 2017, the coal industry exceeded the target of 150 million tons proposed at the beginning of the year, and the utilization rate of coal capacity reached 68.2%, up 8.7 percentage points year-on-year; coal enterprises merged and reorganized in an orderly manner, Shenhua Group and Guodian Group merged and reorganized, China Coal Energy mergers and acquisitions of SDIC, Poly and China Railway and other companies in the coal mining sector, etc. From the 2018 Chinese enterprises top 500 data, steel, coal industry profit indicators compared with the previous year, overall improvement, black metallurgical industry revenue margin, asset profit The rate of return on net assets was 2.36%, 2.22%, 6.44%, and the profit rate of coal mining and mining industry, the profit margin of assets, and the net profit margin were 0.75%, 0.41%, 1.44%, respectively. Upgraded.
The contradiction between the unbalanced profits of banks and enterprises has eased. Among the 2018 Chinese enterprises, 17 banks achieved net profit of 1.4 trillion yuan, accounting for 43.4% of all enterprises, down 2.0 percentage points from the previous year. The profitability of non-bank enterprises has Upgraded.
The new kinetic energy continues to increase. The 2018 Chinese Enterprises Top 500 involve a total of 77 three-level sub-sectors, 35 of which have enterprise exit lists, and 30 industries have new listings, and the industry of advances and retreats The source is highly fragmented. Overall, the number of enterprises in the traditional sector has decreased, and the number of companies entering the new industries such as the Internet has continued to increase. The new momentum of the 500 largest corporate groups in China has been further enhanced. China Electronics Group, China Electronics Group, Beijing Electronics Holding companies such as Holding Group, Inspur Group and other core technology-oriented enterprises, as well as new business models such as Jingdong, Xiaomi Technology and Haicang Group are the highlights in the list.
Feature three
R&D intensity continues to increase
Innovative results are further enhanced
2018 Chinese enterprises invested a total of 895.09 billion yuan in research and development expenses, an increase of 21.6% over the previous year; the average R&D intensity of enterprises was 1.56%, an increase of 0.11 percentage points over the previous year, which is the second highest value in the new century. The R&D intensity of enterprises is relatively high. The average R&D intensity of communication equipment manufacturing enterprises is 11.92%, the semiconductor, integrated circuit and panel manufacturing enterprises are 6.94%, the construction machinery and parts enterprises are 5.21%, and the aerospace industry enterprises are 5.15%. %. From the regional perspective, the strength of R&D intensity of Guangdong's short-listed enterprises is 3.3%, which is clearly leading in all regions.
The number of patents has grown rapidly, and the quality of patents has improved significantly. The top 20 Chinese enterprises have 956,000 patents, an increase of 29.6% over the previous year, including 346,000 invention patents, an increase of 51.7% over the previous year. The proportion of invention patents has increased to 34.6%, an increase of 3.7 percentage points over the previous year. Among them, Huawei, Unicom, and Peking University Founder's invention patents accounted for more than 90%. The number of enterprises participating in standard setting reached a record high, and the number of telecommunications service companies participating in international standards was as high as 806. The international voice of the industry continues to increase.
Feature four
Steady improvement in transnational business capabilities
The increase in overseas assets is particularly evident
Among the top 20 Chinese companies, 241 companies provided overseas income, overseas assets and overseas personnel data, which were 7 fewer than the top 500 Chinese companies in 2014. The cross-country index of 241 international companies was 10.86%, compared with the previous year. The average cross-border index of 248 companies increased by 1.58 percentage points. The overseas assets of 241 companies, overseas income, overseas personnel were 18.89 trillion, 6.69 trillion yuan, 10.98 million, accounting for overseas assets, proportion of overseas income, overseas The proportion of personnel was 12.16%, 15.12%, and 5.31%, both of which were higher than the previous year, and the largest increase in overseas assets.
Feature five
The strength of mergers and acquisitions has dropped significantly
Service industry M&A and reorganization is the most active
From the national M&A market and listed M&A data, the number of M&A in 2017 far exceeds that of 2016. More and more companies are adopting mergers and acquisitions to integrate and upgrade their industries, and enhance their competitiveness to meet market needs or expand business boundaries. The activity of M&A and reorganization of the top 20 Chinese enterprises declined against the trend. A total of 159 companies reported the data of M&A and restructuring in 2017. The number of reported companies increased by 15 compared with the top 500 Chinese companies in 2017. The total number of mergers and acquisitions reported was 822 times. In the last year, there were 675 significant reductions. Among the top 20 Chinese companies, 159 companies involved in mergers and acquisitions had the largest number of manufacturing, accounting for 79, 53 in the service sector and 27 in other industries. However, in the number of mergers and acquisitions 79 manufacturing companies completed 291 mergers and acquisitions, accounting for 35.40% of all mergers and acquisitions; 53 service companies completed 407 mergers and acquisitions, accounting for 49.51% of all mergers and acquisitions. And medical equipment retail, residential real estate, housing construction, metal products processing, consumer goods, business and trade separation industry, the top five active mergers and acquisitions, completed a total of 338 mergers and acquisitions, accounting for 41.12% of the number of mergers and acquisitions department; in all 77 industries, 56 industries have companies involved in mergers and acquisitions.
2018 list of top 500 Chinese enterprises
