21st Century Business Herald trainee reporter Jiao Yifei reported from Beijing
Recently, the 2021 (19th) China Machinery Top 500 Research Report was released in Beijing. According to the research report, in 2021, China's top 500 machinery enterprises played an outstanding role in the stable development of the machinery industry, and the top 500 enterprises contributed 44.1% to the industry's operating income, 42.5% to the industry's profits, and 49.8% to the industry's assets. Among them, the top 500 are China FAW Group Co., Ltd., SAIC Motor Group Co., Ltd., Dongfeng Motor Group Co., Ltd., Guangzhou Automobile Group Co., Ltd., and China North Industries Group Co., Ltd.
Figure: 2021 China Top 500 Machinery (Data Source: Machinery Industry Information Research Institute)
According to the National Bureau of Statistics, the growth rate of the added value of the machinery industry in 2020 increased by 6% year-on-year, up 25, 7.5 and 2.2 percentage points from the first quarter, the first half of the year and the first three quarters respectively, and higher than the annual growth rate of the added value of the national industry and manufacturing industry by 3.2 and 2.6 percentage points, and exceeded the expectations at the beginning of the year. Although the machinery industry production in early 2020 was greatly impacted by the impact of the epidemic, it still achieved positive growth throughout the year, and the growth rate was higher than the growth rate of the added value of the national industry and manufacturing industry, showing strong development resilience.
Meng Xianzhen, deputy secretary-general of the China Machinery Industry Enterprise Management Association, pointed out that the scale of China's top 500 machinery companies remained stable, and the quality continued to grow. In 2020, the top 500 achieved operating income of 10.08 trillion yuan, a slight decrease of 0.29% year-on-year; assets totaled 13.20 trillion yuan, down 3.22% year-on-year; but the total profit was 622.231 billion yuan, an increase of 33.48% year-on-year, accounting for 44.12%, 49.77% and 42.50% of the machinery industry, respectively.
Among them, the contribution of the top ten and top 100 enterprises to the industry remained stable, accounting for 19.29% and 34.93% of the industry's operating income, respectively; the profit contribution rate was 16.70% and 33.70%, respectively; and the total asset contribution rate was 17.59% and 36.55%, respectively.
Meng Xianzhen said that due to the impact of the epidemic and the international economic and trade situation and the prosperity of the automotive industry, the overall development of machinery enterprises is under great pressure, and among the top ten enterprises in terms of operating income in 2020, 4 enterprises have a year-on-year decline in operating income. The top ten enterprises in terms of profit achieved a total profit of 244.562 billion yuan, down 0.50% year-on-year, compared with a year-on-year decline of 3.71% in 2019, and the decline was significantly narrowed. The top ten enterprises in R&D investment invested a total of 128.984 billion yuan, and the contribution rate to the R&D investment of the top 500 companies was 39.14%. The top ten enterprises invested in R&D have all entered the top 20 of the top 500 list.
It is worth noting that among the shortlisted enterprises, the R&D investment intensity of the special equipment manufacturing industry is the highest, reaching 4.6%; followed by 3.84% of the electrical machinery and equipment manufacturing industry, 2.91% of the automobile manufacturing industry, and 2.89% of the general equipment manufacturing industry, which is significantly higher than the industry investment intensity data released by the National Science and Technology Funding Statistical Communiqué.
From the perspective of sub-industry distribution, the top three sub-industries are automobile manufacturing, power transmission and distribution and control equipment manufacturing, wire and cable optical cable and electrical equipment manufacturing, and the number of enterprises accounts for more than 30% of the list. The automobile manufacturing industry still ranks first in the sub-industry of the list, and the number of companies on the top 500 list in 2021 is 90, occupying 18% of the seats on the list.
Judging from the number of provincial shortlisted enterprises, the top 6 are still the most active areas in China's economic development, followed by Zhejiang, Jiangsu, Guangdong, Shandong, Shanghai and Beijing. Among them, 4 provinces are in East China, and 88 companies in Zhejiang alone have been selected, accounting for 17.6% of the total number of the list, ranking first.
Figure: Provincial distribution analysis of China's top 500 machinery enterprises in 2021 (Data source: Machinery Industry Information Research Institute)
According to the operating income data of the shortlisted enterprises in the provinces, the contribution rate of the listed enterprises in Beijing and Shanghai to the total operating income of the top 500 companies was 33.66%; among them, 27 shortlisted enterprises in Beijing contributed 21.19% of the operating income, and the contribution rate of 40 enterprises in Shanghai was 12.57%. Guangdong, Zhejiang, Jilin, Hubei, Jiangsu and Shandong contributed nearly half of the total operating income of the top 500 companies. Among them, Zhejiang, Guangdong, Jiangsu and Shandong are strong economic provinces in China, and Hubei and Jilin are traditional industrial provinces.
The number of state-owned and state-controlled enterprises in the list of the top 500 is 139, accounting for 28%; the number of private and privately controlled enterprises in the list of the top 500 is 311, accounting for 62%; of which the number of private and privately controlled enterprises in the top 100 is 10 more than the number of state-owned and state-controlled enterprises. The total operating income and profit of state-owned and state-controlled enterprises on the list accounted for 36.41 percentage points and 17.08 percentage points higher than that of private and privately controlled enterprises, respectively.
According to Li Jianchun, director of the industry department of the China Machinery Industry Enterprise Management Association, China's Top 500 Machinery Is a research report and release activity organized by the China Machinery Industry Enterprise Management Association, focusing on highlighting the unity of enterprise scale and quality, highlighting the comprehensive competitive strength research, selecting more than 10 key business evaluation indicators of enterprises, and comprehensively studying and sorting the scale, efficiency, growth and resources of enterprises. Relying on the data of the top 500 companies, the annual economic overview and development trend of the machinery industry are analyzed as a whole, which provides a reference for industry enterprises to grasp the macro situation.
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