Related News
Record revenue for top 500 firms
Print Edition
China’s top 500 companies achieved a record high combined revenue of 50.02 trillion yuan (US$8.2 trillion) in 2012, with Sinopec coming top again by revenue, according to a list.
Their revenues, an increase of over 10 percent from a year earlier, were contained in the 2013 list of the country’s top 500 enterprises. The list was established by the China Enterprise Confederation and China Enterprise Directors Association.
The combined revenue figure accounted for 96 percent of China’s gross domestic product.
Oil giant Sinopec ranks No. 1 for a ninth consecutive year, with a revenue of 2.83 trillion yuan.
“China’s corporations are rising in the global economy as well. Eighty-nine Chinese companies made the world list of top 500, compared with only 34 in 2008,” Wang Jimin, a senior official at the confederation, said.
Zhen Caiji, president of Datang Telecom Technology and Industry Group and also the vice chairman of the confederation, says innovation is key in international competition.
“Chinese enterprises need to work in the direction of enhancing their ability for innovation and international management in various fields in order to gain a competitive edge in the global market,” Zhen said.
However, the list also shows that the companies’ profit margin declined, evidence that the current complex economic situation poses big challenges to maintaining high profit growth.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
