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1. Output growth slowed down significantly while assets increased greatly.

Compared with the Top 500 Companies of China in 2009, the annual revenue threshold for those companies included in this year's top 500 rose from 10.54 billion yuan to 11.08 billion yuan, which equals the 478th ranked company among the top 500 in 2009; however, the year-on-year growth rate fell sharply. The number of companies updated on the 2010 list amounted to 66, a decrease from 2009.

Compared with the Top 500 Companies of China in 2009, the total revenue of the Top 500 in 2010 reached 27.6 trillion yuan. The average revenue was 55.25 billion yuan, a 6.27 percent increase over the previous year. With total combined assets of 91.3 trillion yuan, average assets totaled 183.31 billion yuan, up 22.02 percent from the previous year. The average owner's equity amounted to 32.12 billion yuan, 16.89 percent more than the previous year.

2. A large gap still exists between the companies on the Top 500 list.

Although the overall and average scales of China's top 500 companies continue to expand, quite a large gap still exists between companies on the list. For example, China Petroleum & Chemical Corporation (Sinopec), which ranked first on the Top 500 list in 2010, had total assets of 1,288.89 billion yuan and generated revenue of 1,391.95 billion yuan. However, Yunnan Tin Group (Holding) Co. Ltd, ranked 500th, owned total assets of 19.52 billion yuan and generated revenue of 11.08 billion yuan, holding an equivalent of only 1.51 percent and 0.80 percent respectively of the assets of Sinopec.

The top 10 companies on the list had total revenues of 6,662.56 billion yuan, 59.2 times that of the bottom 10, which amounted to 112.56 billion yuan. The total assets of the top 10 reached 38,736.42 billion yuan, 291.2 times those of the bottom 10, at 133.03 billion yuan. However, according to the Top 500 list in 2009, the total assets of the top 10 were just 141.6 times those of the last 10. It indicates that the gap in scale of assets has expanded further in 2010. For more details, please refer to Table 1-1.

 Table 1-1. Comparison of scales of the top 10 and the bottom 10 companies on the Top 500 company list in 2010

 

3. The scale distribution of the Top 500 Companies of China is largely unbalanced.

Revenue: There are three companies whose revenue surpassed 1 trillion yuan. China Petroleum & Chemical Corporation (Sinopec) had the most revenue at 1, 391.95 billion yuan. The State Grid Corporation of China and China National Petroleum Corp (CNPC) ranked second and third respectively. Most of the Top 500 Companies generated revenue less than 50 billion yuan. For a detailed distribution of revenue, please refer to Table 1-2.

Assets: There are 14 companies whose assets amounted to more than 1 trillion yuan. The Industrial and Commercial Bank of China (ICBC) controlled the greatest assets at 9,757.65 billion yuan, followed by China Construction Bank (CCB), Agricultural Bank of China (ABC), Bank of China (BOC), Bank of Communications (BOCOM), China Post, China National Petroleum Corp (CNPC), State Grid Corporation of China, CITIC Group, China Merchants Bank (CMB), China Life Insurance Company Ltd., China Minsheng Banking Corp. (CMBC), China Petroleum & Chemical Corporation (Sinopec) and Industrial Bank Co., Ltd. For the detailed information on the distribution of assets, please refer to Table 1-2.

Table 1-2. Scale distribution of the Top 500 Companies of China in 2010

 

4. Distribution of companies classified by scale growth rate

According to statistics for the Top 500 Companies of China in 2010, there are 10 companies whose revenue growth rate surpassed 100 percent. Fujia Group ranked first with revenue growth rate of 200.6 percent, followed by Century Golden Resources Group, Amer International Group Company Ltd, Taiping Life Insurance Co., Ltd., Wuxi Industry Development Group Co. Ltd, Dalian Wanda Group Co., Ltd., Taikang Life Insurance Co., Ltd., China General Technology Group Holding Co., Ltd, Zhangjiagang Free Trade Zone Xinghengde Trading Co., Ltd. and Yizhou Group Co. Ltd. There are seven companies whose asset growth rate surpassed 100 percent. Fujia Group ranked first with the asset growth rate of 301.7 percent, followed by Zhangjiagang Free Trade Zone Xinghengde Trading Co., Ltd., Amer International Group Company Ltd, Yizhou Group Co. Ltd, Century Golden Resources Group, Jiangsu Jinhui Group Co. Ltd and China General Technology Group Holding Co., Ltd. For most companies, their revenue or asset growth rate fell within the scope of 0~50 percent, and these companies occupied 75.4 percent and 88.2 percent respectively of the Top 500 Companies of China in 2010. For more details, please refer to Table 1-3. 

Table 1-3. Distribution of the Top 500 Companies of China in 2010 classified by scale growth rate

  

Summary	Report on Top 500 Companies of China in 2010
Chapter I.	Generation and Features
Chapter III.	Performance Features
Chapter IV.	Industrial Analysis
Chapter V.	Regional Distribution
Chapter VI.	Ownership 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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