1. State-owned and state holding companies dominated the list. Despite decreasing slightly in the number represented, they generated the highest proportion of revenue among listed companies.
From the point of view of ownership structure, state-owned and state holding companies occupied a dominant proportion of the Top 500 Companies in China in 2010. There are 329 state-owned and state holding companies listed, accounting for 65.8 percent of the total. They generated revenue of 23.4 trillion yuan, 84.69 percent of the total, and earned profits of 1.26 trillion yuan, 83.72 percent of the total. Although the number of state-owned and state holding companies slightly decreased in 2010, they generated a higher proportion of revenue compared to the 2009 list.
Among the Top 500 Companies of China in 2010, there are 171 private companies, accounting for 34.2 percent of the total. They generated revenue of 4 trillion yuan, 15.31 percent of the total, and gained profits of 244.7 billion yuan, 16.28 percent of the total. For more details, please refer to Table 1-16 and Table 1-17.
Table 1-16. Main indicators of the Top 500 Companies of China in 2010 classified by ownership
Ownership |
Number of Companies |
Revenue (billion yuan) |
Profits(billion yuan) |
National Total |
500 |
27,629.1 |
1,502.9 |
State-owned and State Holding |
329 |
23,399.4 |
1,258.1 |
Private |
171 |
42,296.7 |
244.7 |
Table 1-17. Distribution of the Top 500 Companies of China in 2010 classified by ownership and main indicators (percent)
Ownership |
Number of Companies |
Revenue |
Profits |
State-owned and State Holding |
65.80 |
84.69 |
83.72 |
Private |
34.20 |
15.31 |
16.3 |
2. The economic benefits and efficiency of state-owned and state holding companies are apparently not as good as private companies.
According to Table 1-18, private companies had an average profit margin of 5.79 percent, slightly higher than that of 5.38 percent by state-owned and state holding companies. Per capita profits of the former were 78,600 yuan, far more than 52,700 yuan by the latter. The former's return on assets was 3.14 percent, also higher than 1.5 percent compared to the latter. In terms of labor productivity, the per capita revenue by state-owned and state holding companies was 978,800 yuan, far less than the 1,359,000 yuan made by private companies. Regarding asset operation efficiency, the asset turnover of state-owned and state holding companies was 27.82 times/year, far less than 58.93 times/year by private companies. In a word, the economic benefits and efficiency of state-owned and state holding companies are apparently not as good as private companies.
Table 1-18. Economic benefits and efficiency of the Top 500 Companies of China in 2010 classified by ownership
Ownership |
Return on |
Per Capita |
Asset |
Per Capita |
Profit |
State-owned and State Holding |
1.5 |
52,700 |
27.82 |
978,800 |
5.38 |
Private |
3.41 |
78,600 |
58.93 |
1,359,000 |
5.79 |
Summary |
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Chapter I. |
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Chapter II. |
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Chapter III. |
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Chapter IV. |
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Chapter V. |
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Chapter VII. |
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Chapter VIII. |
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Chapter IX. |
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Chapter X. |
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Chapter XI. |
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