2021 China’s Top 500 Private Enterprises: Huawei is No. 1 for six consecutive years, Evergrande is absent
2021-09-26 10:48:15Source: China Business News
The companies that withdrew from the list were mainly because they did not participate in the survey, their operating income did not reach the entry threshold, and they did not meet the criteria for entry.
In the 2021 China Top 500 Private Enterprises List just released, Huawei Investment & Holding Co., Ltd. once again ranked first with revenue of 891.368 billion yuan in 2020. So far, Huawei Investment & Holding Co., Ltd. has ranked first among the top 500 residential enterprises and the top 500 private manufacturing enterprises for six consecutive years.
On September 25, at the 2021 China Top 500 Private Enterprises Summit, the All-China Federation of Industry and Commerce released the “2021 China Top 500 Private Enterprises Report” (hereinafter referred to as the “Report”).
Huang Rong, deputy secretary general of the National Committee of the Chinese People’s Political Consultative Conference and vice chairman of the All-China Federation of Industry and Commerce, stated that 2021 is the 23rd large-scale private enterprise survey organized by the All-China Federation of Industry and Commerce. A total of 5,785 companies with annual operating income of more than 500 million yuan participated.
He said that in 2020 facing the complex and severe situation and the severe impact of the new crown pneumonia epidemic, the top 500 private enterprises will continue to strengthen innovation, break through core technologies, improve quality, and build brands while preventing and controlling the epidemic and speeding up the resumption of work and production. , Strengthen corporate governance, take the initiative to prevent and resolve various risks and challenges, and continuously enhance the core competitiveness of the enterprise, with new improvements in main indicators.
Evergrande “absent”
According to the “Report”, in 2020, the total operating income of the top 500 private enterprises totaled 35,116.321 billion yuan, with an average household of 70.233 billion yuan; at the end of 2020, the total corporate assets of the top 500 private enterprises totaled 50,729,163 million yuan, with an average household value of 101.458 billion yuan. .
In the 2020 ranking of top 500 private enterprises in terms of operating income, Huawei Investment Holdings Co., Ltd. (891.368 billion yuan), Jingdong Group (768.624 billion yuan), Hengli Group Co., Ltd. (695.336 billion yuan), Zhengwei International Group Co., Ltd. (691.937 billion yuan) Yuan) and Alibaba (China) Co., Ltd. (644.208 billion yuan) ranked in the top five. Among them, Huawei Investment & Holding Co., Ltd. has ranked first among the top 500 residential enterprises and the top 500 private enterprises in the manufacturing industry for six consecutive years.
In August, a total of 34 private enterprises in mainland China were shortlisted in the 2021 Fortune 500 list. Among them, 31 enterprises were shortlisted in the top 500 Chinese private enterprises in 2021, and their rankings and operating income have generally improved compared with the previous year.
The “Report” shows that the remaining three companies that have not participated in the ranking of China’s top 500 private enterprises in 2021 are China Ping An Insurance (Group) Co., Ltd., China Evergrande Group, and Pacific Construction Group Co., Ltd. These three companies are ranked 16th, 122nd, and 149th in the Fortune 500 list in 2021.
Huang Rong said that 57 of this year’s top 500 private enterprises are newcomers, and 6 of them use public data disclosed by him. The companies that withdrew from the list were mainly because they did not participate in the survey, their operating income did not reach the entry threshold, and they did not meet the criteria for entry.
The “Report” mentioned that in the past year, the international market continued to be sluggish, key core technologies were “stuck”, the supply chain of the industrial chain was impacted, the cost of raw materials was rising, and the urgent need for green and low-carbon transformation was outstanding. The top 500 private enterprises were realized. High-quality development is faced with many uncertain factors, and risks and challenges are increasing.
13 Fortune 500 companies exposed financial risks
Finance is the core of the modern economy, and the central government has always attached great importance to preventing and controlling financial risks and ensuring financial security.
According to the “Report” Top 500 Private Enterprises Preventing and Resolving Major Risks, there are 13 top 500 companies that have exposed financial risks in 2020, a decrease of 7 from the previous year, accounting for 2.6% of the top 500. Among them, the types of financial risks that have been exposed are mainly bank lending, partial assets being seized or frozen, bonds, trust defaults, etc. The number of companies are 7, 6, and 2, accounting for the number of companies that have exposed financial risks. The proportions of the top 500 private enterprises are 53.85%, 46.15%, and 15.38% respectively.
In terms of industries, the top 500 companies that have exposed financial risks involve a total of 9 industries. Among them, the electrical machinery and equipment manufacturing industry, petroleum, coal and other fuel processing industry, insurance industry and other three industries have a total of 7 companies that have exposed financial risks. 53.85% of the top 500 companies exposed to financial risks, accounting for 1.4% of the top 500 companies.
In terms of regions, the top 500 companies that have exposed financial risks are distributed in 7 provinces, and the regional distribution is relatively scattered. There are 4 in Jiangsu Province, 2 in Zhejiang, Shandong, and Hubei Province, and 1 in Beijing, Chongqing, and Shaanxi Province.
The business environment is the institutional condition faced by market entities and the soil for the survival and development of enterprises. According to the topic of the business environment of the top 500 private enterprises, in 2020, the factors affecting the development of private enterprises are still mainly concentrated in aspects such as rising labor costs, heavy taxes and fees, and financing difficulties. Compared with the previous two years, the number of companies that believe these factors have a greater impact has declined slightly, but has not been significantly improved. Among them, the increase in labor costs has been the most important factor affecting the development of the top 500 private enterprises for six consecutive years.
In terms of policy and government environment, enterprises pay more attention to tax burdens, energy conservation and emission reduction; in terms of the rule of law environment, the problems of insufficient market order and insufficient protection of intellectual property rights are still prominent; The negative public opinion of enterprises is still the focus of attention.
According to the “Report” on the transformation and upgrading of the top 500 private enterprises, in 2020, the cost of raw materials, tax payment, and financing costs will still be the most important cost burdens of the top 500 private enterprises, accounting for more than half of the top 500. However, there are structural problems. Changed. Among them, the cost of raw materials rose from the third place in the previous year to the first place, the tax burden dropped from the first place in the previous year to the second place, and the financing cost dropped from the second place in the previous year to the third place.
This reflects the effectiveness of national tax cuts and fee reductions and the development of private enterprises in financial services, as well as the impact of rising prices of raw materials and bulk commodities on private enterprises since last year.
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