China's Fortune 500 ranking is published, Meituan, iqiyi and ZTE are in the top three loss lists.

Image source: Visual China

Image source: Visual China

Titanium Media News | July 11th news: Yesterday evening, the Fortune China Top 500 list was announced. The total operating income of 500 listed companies in China this year reached 45.5 trillion yuan, an increase of 14.8% over last year; net profit reached 3.625 trillion yuan, an increase of 4.21% over last year. The annual revenue threshold of the listed companies this year was 16.238 billion yuan, an increase of 17% compared with last year.

2019 China Fortune 500 list top 50

Top 50 of China's Fortune 500 list in 2019

In terms of industry, according to CICC's analysis: Due to the impact of the economic cycle, the more traditional real estate and financial industry has performed weakly in the past year. The new economic sector, consisting of electronics, Internet services and computer-related industries, continued its previous high-speed growth. The number of companies on the list increased to 37, and the revenue of the sector increased by 29%.

Among the top 500 companies on the list, ranked 17th on the list with 462 billion yuan in operating income, and ranked first among technology Internet companies.

In the 2019 Fortune 500 list, almost all the technology enterprises known to the public are on the list. In addition to China Mobile, China Telecom, China Unicom and so on, including Alibaba, Tencent, Baidu,, Xiaomi, Meituan, Gree, Lenovo, 1R, Gome, the United States, Haier, TCL, Jingdong, ZTE, Changhong, Kang Jia, Hisense, Chuangwei, Tide, etc., the list includes China Mobile, China Telecom, China Unicom, etc., including Alibaba, Tencent, Baidu,, Meituan. Ziguang, the same side and other enterprises are on the list.

Internet service sub-list: BAT is in the top three

In the Internet service industry sub-list, Alibaba, Tencent, Baidu respectively top three, NetEase, Meituan Dianping, Ctrip, 3500 and other companies on the list. Although the combined revenue of the Internet services industry accounts for only 2 percent of all 500 companies, the market capitalization of the industry is close to 11 trillion, accounting for 23.7 percent of the total market capitalization of China's top 500 companies.

Computer industry sub-list: 6 on the list, Lenovo won

In the computer and related product industry sub-list, Legend Holdings Co., Ltd., BOE Technology Group Co., Ltd., and Ziguang Co., Ltd. ranked in the top three.

New list and re-listed company: Xiaomi Dengding, a good future into the first listed education company

This year, a total of 42 new listings and re-listing companies, of which Xiaomi Group ranked 53rd with a total revenue of 174.9 billion yuan. The US Mission's review ranked 140th with a revenue of 65.2 billion yuan.

The new listing also includes a stealth-back Chinese company, AAC Technologies, one of the world's most advanced manufacturers of miniature acoustic components, and was named to Fortune's next 50 in 2018.

Good Future (No. 483) became the first education company to make the top 500 in China.

Tencent and Ali ranked among the top ten profitable companies. Meituan, iQiyi and ZTE lost the top three

In terms of profitability, the 10 most profitable listed companies, in addition to several major commercial banks and insurance companies, are still China Mobile Co., Ltd., Tencent Holdings Limited and Alibaba Group Holdings Co., Ltd. The total profits of the 10 companies reached 1.46 trillion last year, accounting for 40.3% of the total profits of the companies on the list.

In addition to China Mobile, the most profitable technology company is Tencent. In the past year, Tencent’s net profit was as high as 78.7 billion yuan, equivalent to an average net profit of 215 million yuan per day.

Alibaba, Baidu and Gree are also very profitable. Alibaba's net profit is as high as 69.6 billion yuan, second only to Tencent. Baidu's net profit is 27.5 billion yuan, and Gree's net profit is 26.2 billion yuan.

In 2019, a total of 30 companies in China have failed to make profits, with a total loss of $177.1 billion. In the top ten losses, tech-based companies account for six: the first-time group on the top of this year's first-ranking US group is at the top of the loss, with a loss of close to $1155 billion, and it is the top 500 in all of China's top 500 companies; the new one last year, In the second half of the loss, China's ZTE, which ranked third in the $7 billion loss, ranked fifth with a loss of $4.9 billion, with the same party ranking sixth with a loss of $3.9 billion, and Jingdong ranked the tenth with a loss of $2.5 billion.

(Titanium Media Editor Tao Tao Comprehensive)

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