The China Enterprise Confederation and the China Enterprise Directors Association announced the “China Top 500 Enterprises” list on Sept. 10, 2017. Eight Hunan enterprises were included.
The 2017 “Top 500” qualified enterprises should have a minimum operating revenue of 28.311 billion yuan, an increase of 3.965 billion yuan over the previous year. The State Grid Corporation of China, the China National Petroleum Corporation, and the China Petrochemical Corporation are the top three.
The eight Hunan enterprises are Hunan Valin Group, Hunan Construction Engineering Group, Sany Group Co., Ltd., Zoomlion Heavy Industry Science & Technology Co., Ltd., Lens Technology Co., Ltd., Hunan Bochang Holding Group Co., Ltd., Better Life Investment Group Co., Ltd., and Dahan Holding Group Co., Ltd., ranking 181st, 206th, 234th, 302nd, 388th, 430th, 445th, and 451st respectively.
The total operating revenue of the 2017 “China Top 500 Enterprises” reached 64 trillion yuan, exceeding 60 trillion yuan for the first time, and equivalent to 86% of China’s total GDP last year. There are 157 enterprises with operating revenue of more than 100 billion yuan, an increase of 5 over the previous year. The State Grid Corporation of China was the only one with more than 2-trillion-yuan business revenue, second only to the United States Wal-Mart. It is the second largest company by revenue in the world according to the 2016 Fortune Global 500 ranking.
Translator: Yu Jiangjiang