Fortune China Top 500 Published

Tonight, Fortune China. com released its latest Fortune 500 ranking, taking into account the performance and achievements of the largest Chinese listed companies in the world over the past year. The list was compiled by Wealth (Chinese version) in cooperation with the Wealth Management Department of CFC. At the same time: the latest Fortune 500 will be released globally on Thursday evening.

Total operating income of 500 listed companies in China reached 45.5 trillion yuan this year, an increase of 14.8% over last year, and a new high. Net profit reached 3.625 trillion yuan, an increase of 4.21% over last year. Compared with the increase of 24.24% last year, macroeconomic impact slowed down significantly. The annual revenue threshold of listed companies this year is 16.238 billion yuan, up 17% from last year. Last year, China's GDP exceeded 90 trillion yuan for the first time, and the total income of these 500 listed companies again exceeded half of China's GDP in that year. The top companies on the list are Sinopec, PetroChina and China Architecture. China Ping An ranked first in non-state-owned enterprises.

This year there are 42 new and re-listed companies, of which Millet Group ranks 53rd with total revenue of 174.9 billion yuan. The group ranked 140th with revenue of 65.2 billion yuan. In the food industry, much attention has been paid to entering the top 500 (ranked 482) seabed fishing for the first time this year, with a total income of 17 billion yuan in 2018. In addition, Good Future (No. 483) has become the first top 500 educational enterprises in China.

In the industry, although the total revenue of the Internet service industry led by Alibaba and Tencent only accounts for 2% of all 500 companies, the market value of the industry is close to 11 trillion yuan, accounting for 23.7% of the total market value of China's top 500 companies. According to CICC's analysis, the more traditional real estate and financial industries have performed weakly in the past year due to the impact of the economic cycle. The new economic sector, composed of electronics, Internet services and computer-related industries, continued the previous high-speed growth trend. The number of listed companies increased to 37, and the revenue of the sector increased by 29% year-on-year. For more analysis, see the summary from the CICC Research Team at the end of the list. In terms of profitability, the 10 most profitable listed companies are China Mobile Limited, Tencent Holdings Limited and Alibaba Group Holdings Limited, in addition to several major commercial banks and insurance companies. The total profits of these ten companies reached 1.46 trillion yuan last year, accounting for 40.3% of the total profits of all listed companies. In 2019, a total of 30 companies in China's top 500 failed to make profits, with a total loss of 177.1 billion yuan. For the first time this year, the group ranked first in the loss list, with a loss of nearly 115.5 billion yuan. Last year, the newly listed IQI Art lost 9.4 billion yuan. Among all listed companies, Guangdong Shaogang Songshan Co., Ltd. ranked first in the ROE list. Seven of the top 10 steel companies last year, five of which remain in the top 10 of the ROE this year. Among the 40 listed companies with the highest profit margin, Guizhou Maotai Liquor Co., Ltd. ranked first from the fourth place last year, with a profit margin of 45.6%. For the first time, Zhongtong Express entered the profit margin list with a profit margin of 24.9%. One point worth noting is that commercial banks account for 21 of the 40 companies with the highest net profit margin. Professor Li Wei of Yangtze Business School pointed out a phenomenon in this year's analysis: banks make so much money, but have not seen a large amount of capital inflow into the banking industry. He pointed out that the most direct reason for the difficulty of social capital flowing into the banking industry was the policy restriction. Up to now, Chinese banks have not got rid of the role of "two finances". However, in order to achieve high-quality economic development, China must let the capital flow to the place with the highest rate of return. That is to say, let the market decide the allocation of funds, which must undoubtedly break the current financial repression policy.