Global EditionASIA 中文双语Français
Home / Business / Companies

China issues 2020 list of top 500 enterprises

Xinhua | Updated: 2020-09-28 16:04
Share - WeChat
A man stands next to a logo for Sinopec, or China Petroleum and Chemical Corp, at an expo on rubber technology in Shanghai, on Sept 19, 2018. [Photo/Agencies]

ZHENGZHOU -- China published the 2020 list of the top 500 Chinese enterprises on Monday, which showed improved performance and more research and development (R&D) spending by the companies.

The new list, jointly issued by the China Enterprise Confederation and China Enterprise Directors Association for the 19th consecutive year, showed that the combined net profit of the firms rose 10.2 percent year-on-year.

China Petrochemical Corporation topped the list, followed by the State Grid Corporation of China and China National Petroleum Corporation.

Among the 500 firms, 431 reported R&D data. Their combined R&D spending totaled 1.08 trillion yuan ($158.2 billion), with the proportion of R&D expenditure to operating revenue rising to a historical high of 1.61 percent.

The number of firms with a revenue of more than 100 billion yuan reached 217 from 194 last year.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349