On January 13, the Hurun Research Institute released the Hurun China 500 Most Valuable Private Companies 2022, which lists China's top 500 non-state-owned enterprises ranked by market capitalization or valuation.
TSMC fell by 860 billion yuan, replacing Tencent as China's most valuable private enterprise with 2.8 trillion yuan; Tencent fell 1.4 trillion yuan, ranking second with 2.5 trillion yuan; and Alibaba fell nearly 1 trillion yuan, remaining third with 1.5 trillion yuan.
The market value of listed companies is calculated based on the closing price on November 15, 2022, and the valuation of non-listed companies is estimated with reference to listed companies in the same industry or based on the latest round of financing.
From the deadline of the previous list to the deadline of the current list, the Nasdaq fell 29%, the Hang Seng Index fell 27%, the Shenzhen Component Index fell 23%, and the Shanghai Composite Index fell 12%.
The threshold for inclusion in the list of "2022 Hurun China Top 500" is 4 billion yuan, or 13%, from the previous year to 28 billion yuan. The total value of the top 500 companies fell by 15 trillion yuan, or 23%, from the previous year to 51 trillion yuan. The average value decreased by $28 billion from the previous year to $102 billion. The value of the 182 companies on the list increased from the previous year, including 99 new entrants; The value of 8 enterprises was the same as the previous year; The value of 312 businesses declined. 57% are B2B businesses and 43% are direct-to-consumer. 76% offer physical products and 24% provide software or services. The average age of the top 500 companies is 27 years old, which is equivalent to the average founding in 1995.
Hu Run, Chairman and Chief Research Officer of Hurun Report, said: "Hurun China's top 500 enterprises are the backbone of China's economy. The 500 companies combined have annual sales of $27 trillion, nearly a quarter of China's annual GDP and 13 million employees. If you want to understand how China's economy is developing, it's a good place to start knowing the stories behind Hurun China's top 500, China's most valuable companies. ”
"The total value of Hurun China's top 500 companies this year is 51 trillion yuan, down 23% from last year, but still up 40% from three years ago. This 51 trillion yuan is equivalent to the total market capitalization of listed companies on the Shanghai Stock Exchange. The threshold for the top 500 to make the list is 28 billion, down 13% from last year, but still twice as high as three years ago. ”
The top ten welcomed BYD and sent away JD.com
BYD entered the top 10. JD.com dropped out of the top 10 and ranked 12th. The total value of the top ten accounted for 26% of the entire list, at 13.4 trillion yuan, which was 5.6 trillion yuan lower than the total value of the top ten last year. Shenzhen has the most companies headquartered in 4, followed by Beijing and Hangzhou with 2 each.
The biggest winner of the past year
In terms of the amount of value increase, the largest increases in the past year were Xiyin, United Imaging Medical and OPPO. In terms of the proportion of value increases, the largest increases are United Imaging Medical and Xiyin.
Top 10 new companies on the list
Tencent and Alibaba have seen the most declines in the past year
In terms of the amount of value declines, the biggest declines in the past year were Tencent Holdings, Alibaba, TSMC and ByteDance.
Bubble Mart, Weilong and others fell off the list
20% of the companies on the previous year's list fell off the list this year, including Bubble Mart and Sunac.
The average age of the top 500 companies is 27 years old
The equivalent of an average of Fortune 500 companies founded in 1995, with 39 companies with more than 50 years of history. Six enterprises with a history of more than 100 years are from Hong Kong, including Hong Kong and China Gas founded in 1862, Wharf Real Estate and Wharf Group in 1886, and Lee Kum Kee in 1888.
227 companies were founded after 2000. 1 company established less than 5 years ago: Vision Power established in 2018.
87% of the top 500 are listed companies (including partially listed) and 13% are unlisted.
New Yellow River Reporter: Gao Ying
Editor: Liu Yuhong