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Guangzhou Soars: City’s State-Owned Enterprise Leaps in 2024 Top 500 Chinese Enterprises List

September 12, 2024 Catherine Williams - Chief Editor Business

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.

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