Top 20 Chinese private companies 2012
- By Zhang Junmian
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E-mail China.org.cn, September 6, 2012
Steelmaker Jiangsu Shagang Group, with a business revenue of 207.5 billion yuan (US$32.9 billion), has replaced Huawei Technologies Co. as the biggest private firm on the Chinese mainland in 2012, according to the Top 500 Chinese Private Companies List recently released by the All-China Federation of Industry and Commerce (ACFIC).
The combined revenue of the top 500 companies on the list hit 9.3 trillion yuan (US$1.5 trillion) in 2011, up 33 percent from 2010. Yet, the growth rate was 10 percentage points less than that of 2010. The top seven generated more than 100 billion yuan (US$15.9 billion) in revenue.
313 firms on the list are from the manufacturing industry, especially metallurgical, electric machinery and equipment manufacturing, and chemical and oil industries.
The total net profits of the top 500 companies surged 12.2 percent to 438.7 billion yuan (US$69.6 billion) in 2011. However, the growth rate presents a shocking drop compared to the figure of 79.5 percent in 2010, indicating a much slower growth for 2011.
Three leading state-owned companies, Bank of China, Agricultural Bank of China and China Construction Bank, alone generated a total of 421.6 billion yuan (US$66.9 billion) in net profits, only slightly lower than the aggregate of the top 500 private companies, who paid 409.4 billion yuan(US$65 billion) in taxes, a 49.5 percent increase over 2010.
A company should report more than 6.57 billion yuan (US$1 billion) to guarantee its inclusion onto the list, a 30.1 percent increase over last year's threshold. The figure represents a record high since the ACFIC began to make the exclusive rankings in 1999.
The number of Chinese firms on Fortune's Global 500 list may raise from 57 in 2011 to 150 in 2030, while the country's economic aggregate will increase from 9.8 percent of the world's total in 2011 to 25 percent by 2030, according to Justin Lin, a former chief economist and senior vice president at the World Bank.
The ACFIC's survey also shows that there are five major factors which constrained the private companies' development in 2011: rising costs of raw materials and labor forces, lack of talented personnel, heavy taxation and surging capital costs.
The followings are the top 20 private companies in China 2012:
Shanghai Fosun High Technology (Group) 上海复星高科技（集团）有限公司
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Shanghai Fosun High Technology (Group) [baidu.com] |
Ranking 2012: 20; Revenue 2011: 58 billion yuan (US$9.2 billion)
Ranking 2011: 21; Revenue 2010: 45.7 billion yuan (US$7.3 billion)
Sector: Comprehensive
Headquarters: Shanghai
Website: http://www.fosun.com/En.php
Founded in 1992, Shanghai Fosun High Technology (Group) is a premium investment group with a focus on China's growth momentum. Fosun focused on investing in sectors including pharmaceuticals, real estate, iron and steel, mining, retail, financial services and insurance. Its parent company, Fosun Group, was listed on the Hong Kong Stock Exchange Market in 2007. The company's book value totaled 31.8 billion yuan (US$5 billion) in 2011, a record high. Its net profits reached 3.7 billion yuan (US$587.3 million) in 2011, an 18.9 percent increase over 2010, and is ranked 181st among the top 500 Chinese companies in 2012.
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