II. Performance Features of Top 500 Service Companies of China in 2010
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1. Economic benefits of 2010 China's top 500 service companies have quickly rebounded.
The top 500 companies' total profits reached 860.1 billion yuan in 2010, up 22.2 percent from the previous year. In 2010, the per capita profit growth rate of the top 500 increased 20.15 percent. Thirteen companies have profits of more than 10 billion yuan. Sixty-seven have profits between 1 billion and 10 billion yuan. Together, the two groups have profits of 804.4 billion yuan, accounting for 93.5 percent of the top 500. Profits have concentrated in a minority of big companies.
ICBC reported the largest profits last year, with 129.4 billion yuan and accounting for 15 percent of the total profit of the top 500. China Mobile and CBC are ranked second and third, with profits of 109.7 billion yuan and 106.8 billion yuan, respectively. The Agricultural Bank of China and Bank of China round out the top five, with profits of 65 billion yuan and 64.4 billion yuan, respectively.
2. Economic benefits of top 500 service companies in 2010 are recovering to the pre-financial crisis levels.
Among the 496 service companies that submitted their profit reports, 473 have increased their profits, or 95.4 percent of the top 500, compared with 457 companies in 2009. Twenty-three companies, or 4.6 percent of the top 500, made a loss.
Fifteen of the top 500 companies have per capita profit of more than 1 million yuan. The Jindu Real Estate Group branch in Xiamen has the highest per capita profit, of 15 million yuan.
Six of the top 500 service companies have a per capita revenue of more than 100 million yuan.
The average profit rate of asset of the top 500 is only 1.17 percent.
The average profit rate of the top 500 service companies is 7.39 percent, up 1.04 percent over the previous year. Eighty-five of them have a profit rate of more than 10 percent. Beijing Bank has the highest profit rate, with 47.37 percent.
The average profit growth rate of the top 500 service companies in 2010 is 20.15 percent, compared with (negative) -9.31 percent in the previous year. The profits of 106 service companies have more than doubled, compared with 58 companies in 2009. Beijing Energy Investment Holding Co., Ltd. had the largest increase, with a profit growth of 282,114.55 percent. One hundred and one companies suffered negative growth in profits.
The average profit margin on net assets is 9.55 percent, up 0.24 percent over the previous year. Two hundred and sixty-one of them have a profit margin on net assets of more than 10 percent, 34 companies more than the previous year. China Railway Express Co., Ltd. had a profit margin on net assets of 461.29 percent, the largest.
3. The asset utilization ratio of China's top 500 service companies in 2010 is lower than in 2009.
The average assets turnover is 0.15, lower than the previous year.
The average rate of capital maintenance and appreciation of the top 500 service companies in 2010 is 117.09 percent, and 460 have a rate of capital maintenance and appreciation of more than 100 percent.
The average debt-asset ratio is 86.92 percent, compared with 85.52 percent in the previous year. Sixty companies have an asset-liability ratio greater than 90 percent.
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Summary |
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Chapter I. |
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Chapter III. |
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Chapter IV. |
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Chapter V. |
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Chapter VI. |
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Chapter VII. |
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