The total sales value of commodities in Lujiazui Finance and Trade Zone reached 816.68 billion yuan ($129.83 billion) in 2011, up 23 percent year-on-year and accounting for 77.7 percent of the sales value of commodities in Pudong New Area. The rapid development of the wholesale industry promoted various kinds of social consumption. The retail value of social consumer goods reached 29.24 billion yuan ($4.65 billion), increasing by 23.1 percent and accounting for 24.3 percent of Pudong New Area.
Twenty-two enterprises realize sales income of over 10 billion yuan ($1.59 billion) over the year Twenty-two enterprises had annual sales income of more than 10 billion yuan ($1.59 billion) in 2011 (there were 14 in 2010 and five in 2009). The top nine enterprises in this group were also the top nine enterprises of Pudong New Area. Their sales income from commodities reached 424.5 billion yuan ($67.48 billion) and accounted for more than 50 percent of sales income of the 22 enterprises. Total assets reached 135.41 billion yuan ($21.53 billion) at the end of the year, up 17.3 percent year-on-year. Among the 22 enterprises whose sales income exceeded 20 billion yuan ($3.34 billion), one enterprise had sales income above 50 billion yuan ($7.95 billion) and eight enterprises had sales income above 10 billion yuan ($1.59 billion). Only two enterprises had sales income above 20 billion yuan ($3.18 billion) in 2010. The top nine enterprises amongst the 22 accounted for 61 percent of total sales income. The 22 enterprises realized total profit of 6.42 billion yuan ($1.02 billion). Twenty-one of them increased profits, an increase by one year-on-year.
Leading enterprises gather at Lujiazui Thanks to its favorable business environment, Lujiazui has attracted many leading enterprises, including Porsche (China) Motors in the automobile industry, China Oil Shanghai International Trading in the petroleum industry, Komatsu China Investment in the machinery equipment industry, Shanghai Baosteel Steel Products Trading in the metal industry and Sinochem International Corporation in the chemical industry. Porsche (China) Motors is the head sales office for Porsche in China. The head office moved to Lujiazui from Guangzhou in 2010 because of Lujiazui’s strong business environment.
Rapid development of the trading industry promotes development of the shipping and finance industry During the 11th Five-Year Plan period, the trading market system in Shanghai significantly improved. Logistics development level increased and financial markets rapidly developed. Various trading markets have gathered in Lujiazui, such as the automobile industry market, petrochemical trading market, diamond trading market and agricultural products trading market. This has promoted the development of the shipping and financial industry. More than 150 shipping service institutions in the area realized operating income of nearly 50 billion yuan ($7.95 billion) and employed nearly 15,000 people. The finance industry also became the most important sector in the area. In 2011, new incoming institutions increased by 40 percent compared with the previous year.