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China's Top 500 Private Enterprises Promulgated in 2019

Source:CICCPS Release time:2019/8/22 14:31:12 
On August 22, the "Summit of the Top 500 Private Enterprises of China 2019", sponsored by the All-China Federation of Industry and Commerce and the Qinghai Provincial People's Government, was held in Xining on the morning of 22. The theme of this summit is to implement the national strategic plan and promote high-quality development. The conference issued the 2009 Top 500 Private Enterprises in China, Top 500 Manufacturing Enterprises in Private Enterprises in China, Top 100 Service Industry in Private Enterprises in China and Emphasizing Research and Analysis Report on Private Enterprises in China 500.

Huawei Investment Holding Co., Ltd. ranked first in the list of top 500 private enterprises in China in 2009 with 72.102 billion yuan in business income. This is the fourth year that Huawei has been ranked as the top 500 private enterprises in China. Haihang Group and Suning Holdings ranked second and third with business income of 618.293 billion yuan and 602.456 billion yuan respectively. Zhengwei International Group, Hengda Group, Jingdong Group, Biguiyuan Holdings, Hengli Group, Lenovo Holdings and Gome Holdings entered the top ten.

The list shows that in 2019, China's top 500 private enterprises entered a new high threshold. This year, the entry threshold of the top 500 private enterprises is 18.586 billion yuan; that of the top 500 private enterprises in manufacturing industry is 8.563 billion yuan; and that of the top 100 private enterprises in service industry is 24.113 billion yuan.

On this year's list, super-large enterprises continue to grow. In 2018, 12 enterprises such as Huawei Investment Holding Co., Ltd. (72.102 billion yuan), Haihang Group Co., Ltd. (618.293 billion yuan), Suning Holding Group (602.456 billion yuan) and Zhengwei International Group Co., Ltd. (505.118 billion yuan) had operating revenue of more than 300 billion yuan, an increase of 3 over the previous year. In 2018, there were 76 enterprises with assets exceeding 100 billion yuan, an increase of 15 over the previous year.

In addition, this year, 20 private enterprises ranked among the top 500 in the world, an increase of 3 over the previous year. Compared with last year, 85 companies have entered the list.
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