20 Ningbo enterprises selected as one of the top 500
- Details
- Category: Ningbo Business
- Published: Tuesday, 10 October 2023 14:06
private enterprises in China
On September 12th, “Top 500 Private Enterprises in China 2023” was released by the All China Federation of Industry and Commerce. A total of 20 Ningbo private enterprises were shortlisted, an increase of 2 compared to last year, and the number of shortlisted enterprises reached a historic high.
Among them, Youngor Group, Jintian Investment Holdings, and China-Base Ningbo Group respectively rank 46th, 61st, and 78th with operating revenue of 171.5 billion yuan, 134.569 billion yuan, and 116.077 billion yuan. The two newly added enterprises, Ningbo Zhongjin Petrochemical and Ningbo Ronbaimat Co., Ltd., respectively ranked 251st and 460th in terms of operating revenue.
24 large-scale private enterprises in Ningbo have been listed on the "Top 500 Chinese Private Manufacturers 2023", an increase of 5 compared to last year.
Among them, Youngor Group, Jintian Investment Holdings, and Aux Group ranked 31st, 39th, and 75th with operating revenue of 171.5 billion yuan, 134.569 billion yuan, and 810.1 billion yuan, respectively.
Three large-scale private enterprises in Ningbo were listed on the "Top 100 Private Enterprise Service Industry in China 2023".
It is worth mentioning that the threshold for these three major rankings has been raised this year.
On the same day, the Municipal Federation of Industry and Commerce and the Jiangxia Think Tank Economic Research Institute jointly released the "Ningbo Top 100 Private Enterprises Survey Report 2023" and the "Ningbo Top 100 Private Enterprises 2023".
The report shows that the 320 large-scale private enterprises participating in the survey had a total operating revenue of 1.99 trillion yuan, a total net asset of 616.003 billion yuan, and a total profit of 83.055 billion yuan last year. The total revenue, total net assets, and total profit increased by 22%, 19%, and 7% respectively compared to the previous year.
It is reported that the research on large-scale private enterprises in Ningbo has been ongoing for 25 years, and the number of samples of large-scale private enterprises participating in the research has increased by about 42%. The overall development momentum of the reserve echelon of billions of private enterprises is strong.
Taking the top ten companies in terms of annual revenue as an example, 80% of enterprises have achieved growth in annual revenue. Among them, Fubon Holdings Group and Hesheng Group both grew by over 20%, accounting for 27% and 23%, respectively. Ningbo Zhongjin Petrochemical grew by 119%, entering the top ten in annual revenue for the first time.
There are three hundred billion level private enterprises, namely Youngor Group, Jintian Investment Holdings, and China-base Ningbo Group. Among them, Youngor Group has consistently ranked first for four consecutive years, with revenue increasing by 19% year-on-year last year
