NEWS CENTER

China Resources, China Building Materials and Conch Top 500 2011 Enterprises on the List


Release time:

Sep 16,2011

2011 China's top 500 enterprises released on the 3rd, China Petrochemical Corporation continued to lead the list of China's top 500 enterprises with an operating income of 1.969 trillion yuan, China National Petroleum Corporation ranked second with 1.721 trillion yuan, and State Grid Corporation ranked third with 1.529 trillion yuan. In the cement industry, China Building Materials Co., Ltd. ranked 66, Anhui Conch Cement Co., Ltd. ranked 111, and China Resources Cement Holdings Co., Ltd. ranked 244. Sponsored by China Enterprise Confederation and China Entrepreneurs Association, co-organized by Sichuan Provincial People's Government and undertaken by Chengdu Municipal People's Government

2011 China's top 500 enterprises released on the 3rd, China Petrochemical Corporation continued to lead the list of China's top 500 enterprises with an operating income of 1.969 trillion yuan, China National Petroleum Corporation ranked second with 1.721 trillion yuan, and State Grid Corporation ranked third with 1.529 trillion yuan. In the cement industry, China Building Materials Co., Ltd. ranked 66, Anhui Conch Cement Co., Ltd. ranked 111, and China Resources Cement Holdings Co., Ltd. ranked 244. Sponsored by the China Enterprise Confederation and the China Entrepreneurs Association, co-organized by the Sichuan Provincial People's Government and undertaken by the Chengdu Municipal People's Government, the 2011 Top 500 Chinese Enterprises Release and China Large Enterprise Summit was held in Chengdu on the morning of the 3rd. The Chinese Entrepreneurs Association released the list of the top 500 Chinese enterprises to the public for the 10th time in a row. Industrial and Commercial Bank of China, China Mobile, China Railway, China Railway Construction, China Construction Bank, China Life Insurance and Agricultural Bank of China ranked fourth to tenth respectively. In terms of changing the list, 60 of the 2011 top 500 Chinese enterprises changed the list, of which 26 failed to be shortlisted because of the higher threshold of the top 500, and 12 enterprises were merged and reorganized. According to Miao Rong, deputy director of the research department of the China Enterprise Confederation, the 2011 top 500 Chinese enterprises have removed the declaration qualifications of some government-enterprise integration units. The reason is that these departments are not market economy entities that operate independently and are responsible for their own profits and losses. The local railway bureau was out because it did not meet the declaration conditions, but the railway companies established by the joint-stock company system, such as Daqin Railway Co., Ltd. and Guangzhou Railway Group Corporation, are still on the list. Comparative data show that the entry threshold for the 2011 top 500 Chinese companies has increased from 11.08 billion yuan last year to 14.199 billion yuan, an increase of 28.1. The total operating income of the top 500 Chinese enterprises in 2011 reached 36.31 trillion billion yuan, an increase of 31.6 percent over the previous year; the total assets reached 108.1 trillion billion yuan, an increase of 18.4 percent; the total profit reached 2.08 trillion billion yuan, an increase of 38.67 percent; the total tax payment reached 2.73 trillion billion yuan, an increase of 28.77 percent, accounting for 37.3 percent of the total national tax revenue in 2010, an increase of 1.6 percentage points over the previous year. In addition, the total overseas operating income of the top 500 Chinese enterprises in 2011 increased by 53.55 per cent, the total overseas assets increased by 38.9 per cent, and the total number of overseas employees increased by 35.48 per cent. Among the companies on the list, 182 companies have declared mergers and acquisitions, and a total of 1112 companies have been merged and reorganized. Some local state-owned enterprises have been listed in the world's top 500 through mergers and reorganizations.