VI. Ownership Distribution of Top 500 Companies of China in 2010

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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
Assets
(percent)

Per Capita
Profits
(yuan)

Asset
Turnover
(times/year)

Per Capita
Revenue
(yuan)

Profit
Margin
(percent)

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

Report on Top 500 Companies of China in 2010

Chapter I. 

Generation and Features

Chapter II.

Scale Features

Chapter III.

Performance Features

Chapter IV.

Industrial Analysis

Chapter V.

Regional Distribution

Chapter VII.

R&D Expenditure

Chapter VIII.

Ranking Changes on Top 500 List

Chapter IX.

Other Features

Chapter X.

Progress and Achievements of Large Companies

Chapter XI.

Major Problems of Large Companies

 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
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