The 10 Giants Of State-Owned Enterprises Account For 500 Of The Total Profits And 4 Of Profits Are &Nbsp.

2011 Chinese Enterprises

And for the vast majority

In terms of the overall performance of the top 500, the cake grew bigger, with total business revenue and total profit reaching 36 trillion and 310 billion yuan and 2 trillion and 80 billion yuan respectively, representing an increase of 31.6% and 38.67% over the previous year.

However, the report shows that although the number of private enterprises entering the top 500 is larger than that in 2010, it still lags behind state-owned enterprises in terms of total operating income, total assets and total profits, and the gap widened further than in 2010.

Among them, the total profits of the 184 private enterprises listed on the list were less than half of the total profits of the 10 highest state-owned enterprises.

Hu Chi, a researcher at the China Federation of enterprises (hereinafter referred to as "China business union"), told reporters.

Fresh "national team"

2011 the top 500 Chinese enterprises were unveiled in Chengdu 3 days ago. This is also the tenth consecutive issue of the CIC and the China Entrepreneur Association.

The top 500 of the total plate is getting bigger and bigger.

The threshold for this year's shortlist is 14 billion 199 million yuan in revenue, up 28.1%.

And the number of companies entering the 100 billion club has increased from 17 to 80.

Sinopec ranked first on revenue of 1 trillion and 970 billion yuan.

PetroChina (9.68, -0.09, -0.92%) and State Grid ranked second and third. Their operating income reached 1 trillion and 720 billion and 1 trillion and 530 billion respectively, making it the only three three billion companies.

ICBC (4.09, -0.01, -0.24%), China Mobile (micro-blog), China Railway (3.06, -0.03, -0.97%), China Railway Construction (4.54, -0.10, -2.16%), Construction Bank (4.49, -0.04, -0.88%), China Life Insurance (15.51, -0.23, -1.46%), Agricultural Bank (2.57, -0.01, -0.01) are fourth to tenth.

In the list of enterprises, iron and steel industry has occupied the most position in the top 500 enterprises for 10 consecutive years.

This year, a total of 55 iron and steel enterprises entered the list.

Next is the construction or real estate enterprises. This year's list is 42, ranking the second in 10 consecutive years, and the overall trend is on the rise.

It is noteworthy that the 10 enterprises with the highest profits are all occupied by state-owned financial sector and monopolized state-owned enterprises. They are industrial and Commercial Bank of China, construction bank, Bank of China (2.94, -0.03, -1.01%) (micro-blog), PetroChina, agricultural bank, CNOOC, China Mobile, China petrochemical, Bank of communications (4.67, -0.06, -1.27%) and CITIC Group. The profits of 10 enterprises reach 866 billion 843 million yuan, accounting for 40% of the total 500 profit.

Embarrassing private enterprises

The bright list also reflects the development of Chinese enterprises.

In 2011, private enterprises continued for ten years: the scale of revenue far lagged behind that of state-owned enterprises, especially the difference between state-owned enterprises and monopoly industries.

This year, private enterprises accounted for 184 of the top 500 seats, an increase of 13 over 2010.

However, according to three core indicators, private enterprises' operating income is 6 trillion and 240 billion yuan, an increase of 30% over the previous year, but only 15% of the 500 enterprises. The total assets reached 1 trillion and 40 billion, also increased by nearly 30%, but less than 10% in the 500 strong enterprises; the total profit was 377 billion 500 million yuan, increasing nearly 40%, but also accounted for only half of the total profits of the total profits, and less than half of the total profits of the highest profits of the company.

In the top 50 enterprises, only HUAWEI (micro-blog) Technology Co., Ltd. and Jiangsu Shagang Group Co., Ltd., 2 private enterprises, and 80 enterprises operating income over 100 billion, there are only 9 private enterprises.

HUAWEI leads the private sector with revenue of 185 billion 100 million yuan, less than 1/10 of big brother Sinopec.

In fact, the average operating income, total assets and average profit of the 316 state-owned enterprises listed on the list are about 95 billion 200 million yuan, 311 billion 300 million yuan and 5 billion 500 million yuan, 2.81 times, 5.43 times and 2.59 times respectively of 184 private enterprises.

The 2011 China 500 strong enterprise development report (hereinafter referred to as the "development report") released by the research group of China Merchants Union and China Entrepreneur Association 3 days ago, said the gap between the two sides was further expanded in 2011.

In response, Li Jianming, vice chairman of the China Business Association, told a reporter's question at a press conference that the state owned enterprises had a history of 60 years, and they were all large enterprises formed after integration.

In addition, after the financial crisis, the state has increased investment in state-owned enterprises in order to protect people's livelihood and ensure employment, and also made state-owned enterprises obtain more resources than private enterprises.

The benefits of private enterprises are better.

Although private enterprises can not catch up with state-owned enterprises in terms of revenues, assets and profits, their benefits are obviously better than those of state-owned enterprises.

According to the development report, from the level of profitability, the income and profit margins of the 316 state-owned enterprises are 5.67% and 1.75%, respectively, which are lower than 6.05% and 3.63% of 184 private enterprises.

From the perspective of labor productivity, the per capita revenue of state-owned enterprises is 1 million 290 thousand and 600 yuan / person, lower than that of private enterprises 1 million 585 thousand and 700 yuan / person, and the per capita profit of state-owned enterprises is 73 thousand and 200 yuan / person, which is lower than that of private enterprises 96 thousand yuan / person.

In addition, the R & D intensity of state-owned enterprises is also lower than that of private enterprises, and the average R & D intensity of state-owned enterprises in the 2011 top 500 of Chinese enterprises is 1.41% while private enterprises are 1.8%.

In fact, under the background of adjusting structure and promoting pformation, as the development of Chinese Enterprises

In 2005, the state proposed "non-public 36" to support the development of private enterprises. Last year, it put forward "new 36" (the State Council's opinions on encouraging and guiding the healthy development of private investment).

However, enforcement efforts still need to be strengthened.

Guard against "hollow" of industrial enterprises

In addition to the status quo of private enterprises and state-owned enterprises, the development report also raises concerns about the "hollowing" of industrial enterprises.

According to the report, manufacturing enterprises accounted for more than 50% of the top 500 Chinese enterprises over the years.

However, in recent years, the business environment of industrial enterprises is deteriorating. The most important aspect is the high financing cost of industrial enterprises.

From 2007 to 2010, the total revenue of manufacturing enterprises in the top 500 accounted for more than 40% of the total strength of 500, while the total profit was only about 30% of the total 500.

In the same period, the total revenue of the 5 largest state-owned commercial banks in China was only about 6% of the total of 500, but their total profits accounted for about 27% of the total 500.

Therefore, the report said that there is a huge profit gap between the industrial sector and the commercial banking sector. In the long run, capital will inevitably flow out of the industrial sector to the financial sector under the conditions of the market economy, and the manufacturing industry in China may also be "hollow", which is particularly worthy of vigilance.