Guangzhou Soars: City’s State-Owned Enterprise Leaps in 2024 Top 500 Chinese Enterprises List
China’s Top 500 Enterprises List Announced
Guangzhou State-Owned Enterprises See Significant Ranking Jumps
The list data is impressive, with the entry threshold for the top 500 Chinese companies in 2024 raised to 47.381 billion yuan, an increase of 383 million yuan from the previous year, achieving 22 consecutive increases. The total operating income reached 110.07 trillion yuan, breaking through the 110 trillion yuan mark for the first time and reaching a new level. Among them, a total of 16 companies have revenues exceeding one trillion yuan.
New Momentum Continues to Build
The number of shortlisted companies including new energy equipment manufacturing, power and energy storage batteries, communication equipment and computer manufacturing, semiconductors and panel manufacturing, etc. has reached 31, an increase of 18 companies in the past five years. The revenue share of Internet service companies increased to 3.45%, and the net profit share was as high as 8.58%.
Innovation and Excellence
In terms of research and development intensity, corporate research and development intensity has reached a new high of 1.90%; average corporate research and development intensity has increased consistently for 7 consecutive years. In terms of innovation results, the total number of valid patents was 2.0297 million, an increase of 144,400 over the previous year, and invention patents with a higher “gold content” reached 889,600, accounting for 43.83% of all patents.
A More Global Plan
In terms of operating income, 14 of the 125 mainland Chinese companies were selected to the “Fortune 500” first in the global industry, and a total of 42 companies were in the top three in the global industry-wide in terms of net profit, and a total of 5 Chinese mainland companies ranked first in the global industry It ranks first in the global industry, with a total of 26 companies ranking among the top three in the industry.
Guangzhou State-Owned Enterprises Jump in Rankings
A total of 52 companies in Guangdong are on the list. The rankings of many companies headquartered in Guangzhou have jumped significantly compared to last year. Guangzhou Construction was ranked 91st, jumping 11 places; Guangzhou Industrial Management was ranked 101, jumping GPHL at 109, jumping 5 places; place; 208, jumping 27 places.
