Recently, the annual list of top 100 enterprises in Zhejiang Province was released to the public. The list was released by Zhejiang Enterprise Federation, Zhejiang Entrepreneur Association and Zhejiang Industrial Economic Federation. The list was mainly based on voluntary declaration by enterprises, and was reviewed and checked by relevant departments, ranking by international and domestic prevailing rules.
"If Zhejiang enterprises are compared to a big tree, then the release of the list is like letting everyone see the growth of those particularly lush branches on the top of the tree." Zheng Yifang, secretary-general of the "Three Provincial Conferences", said.
The order of the top three in the list changed.
Revenue exceeded 300 billion yuan.
Compared with the previous year, the top three in this year’s list have changed. The top three are Alibaba Group Holding Co., Ltd., Zhejiang Geely Holding Group Co., Ltd. and Zhongda Group Co., Ltd. Among them, Alibaba is a leading enterprise in the global digital economy, Geely Holding is a multi-brand automobile manufacturer, and Zhongda is a leader in supply chain integration services in China.
Last year, the operating income of these three companies exceeded 300 billion yuan, which was the first time to exceed this value. Among them, Alibaba reached 376.8 billion yuan, Geely reached 328.5 billion yuan, and the products were 300.5 billion yuan. Last year, the order of the top three was Zhejiang Geely Holding Group Co., Ltd., Zhongda Group Co., Ltd. and Alibaba Group Holding Co., Ltd.
Alibaba’s rising speed is actually expected. A few months ago, in the list of the world’s top 500 companies, Alibaba was the fastest-rising Internet company in China, ranking 118 places higher and ranking 182nd in the Fortune Global 500.
In addition, on the whole, in 2019, the list of the top 100 comprehensive enterprises increased by 7, which was 3 less than that in 2018. The industry distribution of the list-changing enterprises involved in the sales of chemical raw materials and products, construction, real estate, petroleum and products, wholesale and storage of refined oil products, and special steel products.
It can also be seen from the list that private enterprises in Zhejiang are still in a good upward trend. Among the top 100 comprehensive enterprises in 2019, there are 19 state-owned enterprises in Zhejiang, one less than the previous year, and 81 private (joint-stock) enterprises, most of which are joint-stock listed companies with standardized management and clear property rights.
Net profit growth continued to rise.
Sticking to the main business and investing in research and development are the development genes.
Whether an enterprise has a good life or not depends on its high profit. Judging from this list, the growth rate of the total net profit of the top 100 enterprises in 2019 continued to rise.
According to statistics, in 2019, the total profits of the top 100 enterprises in Zhejiang reached 342.386 billion yuan, up 40.65% over the previous year, which was the second year of rapid growth since 2004. The first time was in 2010, it increased by 71.41%. There are 4 enterprises with net profit exceeding 10 billion yuan, 2 enterprises with 8 billion-10 billion yuan, 40 enterprises with 2 billion-8 billion yuan, 19 enterprises with 1 billion-2 billion yuan, and 35 enterprises with less than 1 billion yuan. There are no loss-making enterprises.
Under the influence of complex external environment, the top 100 enterprises in Zhejiang are inevitably affected. Among the top 100 enterprises in 2019, there are 72 companies with total profit growth and 28 companies with negative growth; The number of enterprises with net profit growth decreased by 5 compared with the previous year. In addition, on the whole, the top 100 enterprises have considerable profits and improved their profitability, but the average asset profit rate is not fast, which is 6.36%, an increase of 0.99 percentage points over the previous year; The average income profit rate was 5.64%, an increase of 0.76 percentage points over the previous year.
"Whether an enterprise can achieve sustainable growth, stick to its main business and actively invest in research and development is also clearly reflected in this list." Zheng Yifang said, for example, Alibaba’s R&D investment reached 37.435 billion yuan last year, and Geely also reached 21.033 billion yuan, and these two companies still achieved high revenue growth under their huge base. The top 100 enterprises in Zhejiang invested 1.24 billion yuan in research and development, an increase of 3.05 percentage points over last year’s 935 million yuan.
Zheng Yifang said that last year, many enterprises in Zhejiang, such as Dunan, Yinyi, etc., were in serious difficulties. The reason was that excessive expansion of enterprise development areas became one of the main reasons for their difficulties.
Zhejiang’s manufacturing industry has been successfully transformed.
The service industry needs a better business environment
Behind the beautiful figures, there is also a hidden phenomenon: the scale gap between the top 10 and the bottom 10 is expanding. This proves that more markets are moving closer to the "head" enterprises, and the polarization phenomenon is becoming increasingly concentrated. The big enterprises in the top 100 enterprises are developing better and better, while the tail enterprises are under increasing pressure.
Among the top 500 enterprises in China, there are 43 enterprises in Zhejiang (down by 5), 84 enterprises in the top 500 manufacturing enterprises in China in 2019 and 46 enterprises in the top 500 service enterprises in China in 2019. Judging from the overall ranking, among the top 500 China, Zhejiang still ranks fifth, with little change; Among the top 500 manufacturing enterprises, Zhejiang ranks first, and the transformation of industrial enterprises is quite successful; Among the top 500 service industries, Zhejiang dropped from the first place in 2012 to the seventh and eighth places, and the number of large service enterprises was obviously insufficient.
Qianjiang evening news reporter learned that the emergence of Zhejiang’s manufacturing industry, to a certain extent, also shows the good momentum of enterprises in the transition, but the lack of stamina of service enterprises has also sounded the alarm for Zhejiang. "There may be many reasons, but it is imperative to create a better business environment and give modern service-oriented enterprises a broader development soil." Zheng Yifang said, for example, the top 100 enterprises in Zhejiang’s service industry are basically located in Hangzhou and Ningbo, accounting for more than 80%. "But to develop the service industry, not only the agglomeration effect, but also a hundred flowers bloom."