This year, the total operating revenue of the 500 listed Chinese companies reached 50.5 trillion yuan, an increase of 11% over last year, and the net profit reached 4.2 trillion yuan, an increase of more than 16% compared with last year. The annual revenue threshold of listed companies this year is close to 17.8 billion yuan, which is nearly 10% higher than that of last year. Last year, Chinas GDP exceeded 99 trillion yuan, which means that the total income of the 500 listed companies on the list is still more than half of Chinas GDP in that year.
The top three companies in this years list have not changed, with Sinopec, PetroChina and CSCEC in turn. Ping An of China ranks fourth and still ranks first among non-state-owned enterprises. Jingdong and Alibaba, two private listed Internet service and retail enterprises, both ranked higher. Among them, JD rose to 13th place and Alibaba ranked 18th. (Netease editors note: there are no Huawei and other enterprises due to the statistics of listed companies)
From the industry point of view, with the gradual profitability of some head Internet service companies, the net profit created by the industry on the list increased by more than 300% year-on-year. 2019 is the first year of new infrastructure, but because of its relatively low absolute proportion in fixed assets investment, old infrastructure still plays an indispensable role. The total revenue of infrastructure, construction, power, construction machinery, port and logistics related industries in the Fortune 500 list of Chinas old infrastructure reached 8.6 trillion yuan, 17.7% higher than last years 7.4 trillion yuan. This industry is still one of the important pillars of stable economic growth.
In addition, with the help of multiple policies such as the registration system and the science and technology innovation board, more and more high-quality companies choose to list on the domestic capital market. In this years list of companies, the number of companies landing in the domestic capital market reached 366, the highest level in history.
This year, there are 39 new and re listed companies, of which pinduoduo is on the list for the first time and ranks 321st with a total revenue of 30.1 billion yuan. Another new company worth mentioning in the Internet field is huanju group. This company, which mainly deals in live game broadcasting, is also on the list for the first time, and ranks 359 on the list with revenue of about 25.6 billion yuan. In addition, the newly listed companies also include Joy City holding group, which is engaged in real estate investment and management, and Shenzhen voice, the king of smart phones in Africa.
In terms of profitability, the situation is the same as last year. In addition to several major commercial banks and insurance companies, the top 10 listed companies are still Alibaba Group Holding Co., Ltd., China Mobile Co., Ltd. and Tencent Holding Co., Ltd. The total profits of the ten companies last year were about 1.7 trillion yuan, nearly 40% of the total profits of all listed companies.
In 2019, 15 listed companies in Fortune 500 failed to make profits, with a total loss of about 80.7 billion yuan. Qinghai Salt Lake Industry Co., Ltd. ranks first in the loss list, with a loss of more than 45.8 billion yuan. Iqiyi, the second largest company, lost 10.3 billion yuan. Pinduoduo, which competes for users in first and second tier cities with low commodity prices, has a loss of more than 6.9 billion yuan in 2019, ranking third in the loss list.
Among all the listed companies, the real estate industry accounts for 4 of the top 10 companies with the highest roe. Among them, Yanlord Land Group Co., Ltd. has a roe of 43.5%, ranking first in the roe list. Netease was second. The agriculture, forestry, animal husbandry and fishery and food and beverage industries related to the table of common people occupy three seats in the roe list, which are Foshan Haitian seasoning Food Co., Ltd., Wenshi Food Group Co., Ltd., and Guizhou Maotai Liquor Co., Ltd.
In this years analysis, Professor Li Wei of Changjiang University of business pointed out the problem of resource mismatch: state owned enterprises occupy the scale advantage, but private enterprises are obviously more efficient. However, the positive source of resources continuously flows to the front rather than the latter, forming a mismatch from efficient departments to inefficient departments. Li Wei pointed out that the most important thing we need to do in the future is financial reform, to break the ownership discrimination of private enterprises in the financial field and the invisible rigid cashing of state-owned enterprises. Only in this way can we break the current predicament of Chinas economy, and enable China to cross the middle-income trap and become a member of developed countries in the future.
Trend analysis of top 500 industries
CICCs wealth management stock research team interpreted the industry trends reflected in the list.
In 2020, the total revenue of Fortune 500 in China will exceed 50 trillion, and the profit level will be improved
2019 is the first year after the central economic work conference deployed the new infrastructure. However, due to its relatively low absolute share in fixed asset investment, the old infrastructure still plays an indispensable role in the process of achieving stable economic growth. According to the industry classification standard of fortune (Chinese Edition), the total revenue of infrastructure, construction, electric power, construction machinery, port and logistics related industries in Chinas top 500 list in 2020 will reach 8.6 trillion yuan, 17.7% higher than last years 7.4 trillion yuan, indicating that the industry is still one of the important pillars of stable economic growth.
Internet services continue to grow at a high speed, and the attractiveness of domestic capital market continues to improve
Highlights of this list:
The total operating revenue of the 500 listed Chinese companies this year reached 50.5 trillion yuan, an increase of 11% over last year.
The total income of 500 listed companies is more than half of Chinas GDP in that year.
In this years list of companies, the number of companies landing in the domestic capital market reached 366, the highest level in history.
The real estate industry is still the industry with the largest number of Companies in the list. This year, 53 real estate companies were listed, with a total revenue of 4.5 trillion yuan, a significant increase compared with last years 3.7 trillion yuan.
Among the top 10 companies with the highest roe, the real estate industry accounted for 4. Among them, Yanlord Land Group Co., Ltd. had a roe of 43.5%, ranking first in the roe list.
With the gradual profitability of some head Internet service companies, the net profit generated by the industry on the list increased by more than 300% year-on-year.
The top three companies in this years list have not changed, with Sinopec, PetroChina and CSCEC in turn. Ping An of China ranks fourth and still ranks first among non-state-owned enterprises.
Two private listed Internet service and retail enterprises, Jingdong and Alibaba, both ranked higher, with Jingdong rising by 4 to 13 and Alibaba by 6 to 18.
Meituan reviews got out of the shadow of a huge loss of 115.5 billion yuan in 2018, and achieved overall profit for the first time in 2019, with net profit income of 2.2 billion yuan, becoming the company with the largest increase in net profit.
Pinduoduo was on the list for the first time, ranking 321.
Shenzhen voice, the king of smart phones in Africa, was also on the list for the first time, ranking 360.
Wentai technology rose from 473 last year to 239 this year, making it the company with the largest change in this years list.
Tal education group is the only education enterprise on the list, ranking 412.
Guizhou Maotai Liquor Co., Ltd. ranks No. 114, but ranks first among the companies with the highest net profit margin of 46.38%. The company is 22nd on the list of the most profitable companies.
Fuyao Glass, which is hot because of the Oscar winning documentary American factory, fell from 413 to 442.
Qinghai Salt Lake Industry Co., Ltd. ranks first in the loss list, with a loss of more than 45.8 billion yuan. Iqiyi and pinduoduo ranked second and third respectively on the loss list.
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