2021 Hurun China Top 500, TSMC, Ningde Times squeezed into the top ten, Pinduoduo fell out of the top ten

Let's first introduce the top ten list: the top ten are: Tencent, TSMC, Alibaba, ByteDance, CATL, Meituan, Huawei, Ant Group, JD Group and Ping An Insurance of China.

Let's take a look at the overall situation, and then I'll pick a few companies worth talking about.

First of all, the total value of the top ten accounts for 29% of the total list, which is 19 trillion yuan, which is basically the same as the total value of the top ten last year. Shenzhen and Beijing have the most headquarters, with 3 each, followed by 2 in Hangzhou. Geographically, Shanghai surpassed Beijing to become the city with the most top 500 enterprises, with 69 and 68 in Beijing. In third place is Shenzhen, with 45. If you look at the province, Guangdong Province has 87 top 500 companies, ranking first. Otherwise, otherwise the GDP of others can be won for thirty-three consecutive years. In contrast, Guangxi, Hainan, Heilongjiang, Jilin, Tibet and Macao did not enter the top 500. The Top 500 in the Yangtze River Delta region accounted for 35% of the country; the Greater Bay Area accounted for 23% of the country.

Among these companies, the energy industry is rapidly improving. It is foreseeable that new energy will still be a trend dividend period in the next few years. Healthcare is still the industry with the largest number of Fortune 500 companies. From the perspective of value rise, the most growing last year were ByteDance, Ningde Times and Meituan. In terms of the amount of value decline, the largest decline was in Alibaba, Tencent and Ping An Insurance. The average age of the Fortune 500 companies is 25 years old, which is equivalent to the average founding in 1996. 247 companies were founded after 2000. The youngest are Wuxin Technology, which was established in 2018, and Dingdong Grocery, which was established in 2017.

Well, the above is the general overview of Hurun's top 500 rankings. Below, I will pick a few key enterprises to talk about. In the top ten, two companies are new faces, that is, TSMC and Ningde Times.

Let's start with these two. Last year, TSMC "went crazy", and in the context of the global lack of cores, TSMC really made money crazy. Last year, in 2021, TSMC's revenue hit a record high. According to TSMC's own data, TSMC's cumulative revenue from January to December 2021 was about NT$1.58 trillion, or about $57.4 billion, an increase of 18.5% over the same period last year. This year, TSMC is also making big moves. Because TSMC threw out a three-year investment of 100 billion US dollars in capacity expansion plans. This year, the construction of new plants will also be carried out. Capital expenditures are expected to peak at $40 billion.

Last year, there was a news that I believe everyone remembered, that is, in August, TSMC's market value surpassed Tencent's, ranking first in Asia. At that time, TSMC's market value exceeded $538 billion. TSMC really caught up with the wind. Because of the new crown epidemic, the supply chain has been interrupted, and various electronics industries have also surged in demand for chips due to the epidemic, and the current global semiconductor is facing a continuous shortage, driving the stock prices of chip manufacturers to rise. TSMC is Apple's main supplier, with customers including Apple, Qualcomm and NVIDIA. Subsequently, TSMC's stock price also soared.

In contrast, Tencent suffered a setback last year. The education industry is an important source of advertising revenue for Tencent, and last year the education industry was cut off by the entire "waist", which naturally affected Tencent's online advertising revenue. However, in the long run, Tencent is still strong. Some analysts believe that weak earnings will not lead to too much further decline in Tencent stocks, especially long-term positive factors such as digital transformation. Therefore, Tencent's stock market fell, but attracted a group of international capital to increase its stake in China and implement "bottom reading".

Then, let's talk about the Ningde era, which is also a new face.

The Ningde era was also full of harvest last year. It once set a record for the market value to rise by 100 billion yuan in a single day. Zeng Yuqun, the founder of the Ningde era, is the second richest man in China. At the same time, it ranks first in the rich list of Hong Kong, China and 22nd in the list of the world's richest people. Zeng Yuqun is only in his fifties this year, and it is really too young to be able to achieve such a career. From the listing of new shares to the trillion Ningwang, the Ningde era only took more than three years. Ningde era, is now the world's largest power battery R & D and manufacturing company. Major customers include Tesla, Weilai, Xiaopeng and other domestic and foreign electric vehicle companies. The explosion of the Ningde era is a "carriage" with new energy vehicles. At present, CATL accounts for 32.5% of the global electric vehicle battery market and is the world's largest supplier of electric vehicle batteries. According to the financial report, CATL achieved revenue of 73.361 billion yuan in the first three quarters of 2021, an increase of 132.73% year-on-year; net profit of 7.751 billion yuan, an increase of 130.9% year-on-year. Among them, the third quarter achieved revenue of 29.287 billion yuan, an increase of 130.73% year-on-year; net profit of 3.267 billion yuan, an increase of 130.16% year-on-year. In short, it is doubling up.

Since there are two new faces in the first ten, there are naturally two "brothers" who have gone out. These two "buddies" are also famous. I'll talk about them next. You are all familiar with one called Pinduoduo, and the other is called Midea Group. First of all, let's talk about this big baby, which is affectionately called "PinxiXi" by netizens. Just a few days ago, Pinduoduo also broke a particularly funny news, which was on the hot search. That is the kind of "bargaining free take" activity of Pinduoduo, after inviting multiple people to bargain, it is always "0.9%". Why does this 0.9% always fail to fill it? Later, Pinduoduo explained that 0.9% of the people's home is an abbreviation, in fact, Pinduoduo's bargaining is accurate to the last six decimal places. The 0.9% shown on the bargaining page is not 0.9%, but 0.9996427%. Netizens can't help but sigh: the mathematics of this half life is white, and life has redefined 0.9%. After the news broke, everyone was laughing at and complaining about pinduoduo's magical "bargaining mathematics".

Last year, Pinduoduo's user growth rate hit a record low. And revenue is slowing. At the end of November last year, Pinduoduo released its financial report for the third quarter of 2021. According to the financial report, Pinduoduo's revenue in the third quarter was 21.5058 billion yuan, an increase of 51% over the same period last year, less than the market's expectation of 26.5 billion yuan. For three consecutive quarters, there was a downward trend.

As of September 30, 2021, pinduoduo had 867.3 million annual active buyers and an average monthly active user of 741.5 million in the third quarter. With an increase of 17.4 million in a single quarter, user growth continued to slow. According to the CEO of Pinduoduo, in the future, Pinduoduo will turn more to research and development, and use Pinduoduo's advantages in technology to further promote the digitalization of agriculture. Relevant executives also said that Pinduoduo continues to change the focus of investment, hoping to lay the foundation for long-term development, and research and development expenses will continue to grow.

In addition to Pinduoduo, the second one that fell out of the top ten is the Midea Group. Midea Group made a number of mergers and acquisitions in 2020. Entering 2021, Midea Group is still continuously optimizing its layout. Midea Group achieved revenue of 261.342 billion yuan in the first three quarters of 2021, an increase of 20.57% year-on-year. In fact, the results are still good. Now, what midea group wants to do is to do a good job in building a B-end market, and Midea's group wants to transform. From the original similar to selling electricity, it has transformed into a technology company. "Home appliances" is just the label of the Midea Group, and now, Midea wants to develop new business. Midea's goal is to increase businesses such as elevators, medical treatment, and industrial robots.

Interestingly, some investors asked whether Midea Group would be involved in the chip semiconductor industry. We know, now this chip is really on fire. Midea's statement is that Midea has already entered the chip field in the second half of 2018. Mass production began last year. The main type of chip put into production is MCU control chip, with an annual output of about 10 million chips. This year, chip production will continue to increase. Coincidentally, companies such as Gree, Galanz, Konka, Hisense and other companies have also laid out the chip field. It seems that this chip industry will usher in a wave of enterprises to settle in. I don't know if Midea can make any contribution to China's chip industry.

After saying that the two just came in, said that the two went out, and finally talked about a company that I am personally interested in, that is, the fourth on the list, ByteDance. As a media person, of course, I will pay attention to this company. Some sources broke the news that ByteDance's annual revenue in 2021 is about $58 billion. Year-on-year growth of 70%, the growth rate has slowed down from 2020. As a media and entertainment company, it is not easy for this company to appear in the top ten list. Of course, it can also be seen from the side that the mobile phone we do not leave our hands every day is really a huge amount of energy. Short videos, news websites, these platforms that attract our attention, are also reaping huge dividends. There is a saying that all competition is actually competing for the user's time. Each of us is 24 hours a day, and this competition is cross-industry and the most brutal. The short video has broken up our time. They take countless 15 seconds, 30 seconds, in harvesting our time. After a few of the top ten companies I want to talk about, this top ten list, which company do you think will disappear in the list next year?