The richest universities in China announced that the final accounts of seven universities exceeded 10 billion yuan last year.

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 The richest universities in China announced that the final accounts of seven universities exceeded 10 billion yuan last year.


The final accounts of 75 universities directly under the Ministry of Education of the Beijing News Express in 2018 were released in early August. Statistics show that in 2018, the total annual budget of universities directly under the Ministry of Education has exceeded 400 billion yuan, which is a significant increase from 367.7 billion yuan in 2017.

According to the data, the top ten schools in the final accounts are Tsinghua University (27.644 billion), Zhejiang University (19.192 billion), Peking University (18.917 billion), Shanghai Jiaotong University (17.871 billion), Sun Yat-sen University (13.533 billion), Fudan University (11.499 billion), Huazhong University of Science and Technology (10.392 billion), Wuhan University (9.91 billion). Hundreds of millions, Tongji University (9.774 billion) and Jilin University (9.724 billion).

In 2018, 7 universities with final accounts of more than 10 billion yuan, one more than the previous year, and Huazhong University of Science and Technology has entered the ranks of more than 10 billion yuan.

Among them, Tsinghua University still ranks first in the final accounts, accounting for 27.644 billion yuan in 2018, which is the only university whose final accounts exceed 20 billion yuan.

The final accounts of colleges and universities are closely related to their income. According to the final accounts of Tsinghua University in 2018, the revenue of the University in 2018 is 19.969 billion, of which 26.17% is from financial allocation and 54.42% is from undertakings.

The final expenditure statement of Tsinghua University in 2018 shows that the largest expenditure is education expenditure, totaling 16 billion yuan, of which 97% is higher education expenditure. In addition, the expenditure for studying in China is 598.76 million yuan.

Among the 75 universities, the final accounts of three universities are less than 1 billion, namely, the Central Academy of Fine Arts, the Central Conservatory of Music and the Central Academy of Drama. Among them, the final accounts of the Central Academy of Drama in 2018 are only 423 million yuan.

Compared with the final accounts of 2017, the final accounts of colleges and universities generally increased in 2018.

Among them, Nankai University rose by 95%. The final statement shows that apart from the increase of 1.1 billion in revenue from financial allocation and 26 million in business income, the other income of Nankai University surged to 2.988 billion, compared with 450 million in 2017.

In the final accounts, it is pointed out that other income refers to non-equivalent financial allocation, investment income, donation income, rental income, interest income on bank deposits, cash earnings and inventory earnings.

In addition, Beijing University of Traditional Chinese Medicine and China University of Mining and Technology also increased by more than 30%. Peking University ranked third, with its final accounts shrinking from the previous year, dropping 20 billion yuan.

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