Has your company been listed?, Sending important signals of economic development! Shanghai releases 2023 Top 100 Enterprises

Release time:Apr 16, 2024 20:47 PM

On September 12th, the Shanghai Enterprise Federation, Shanghai Entrepreneur Association, Shanghai Economic Organizations Federation, and Liberation Daily jointly released the list of the top 100 Shanghai enterprises in 2023, conveying an important signal of Shanghai's economic development.

Last year, the operating environment of the top 100 enterprises in Shanghai underwent significant changes. With the combination of multiple complex factors, they achieved business performance with sustained growth in business scale and strong growth in economic indicators of the top 100 enterprises in emerging industries. The results were not easy to come by. In the list, China Baowu ranks first among the top 100 enterprises in Shanghai.

Top 100 enterprises break through the "three major barriers"

In 2022, the operating scale of Shanghai's top 100 enterprises continued to expand, and the revenue indicators simultaneously exceeded three major levels.

Firstly, the overall operating revenue of the top 100 companies in Shanghai increased by 3.58% in 2022, breaking the 10 trillion yuan mark for the first time and reaching nearly 10.5 trillion yuan; Secondly, the operating revenue of China Baowu increased by 11.87%, reaching 1087.71 billion yuan, and the operating revenue of a single enterprise group in Shanghai exceeded the trillion yuan mark for the first time; Thirdly, for the first time, the threshold for Shanghai's top 100 companies to be shortlisted has exceeded 10 billion yuan in operating revenue. The 100th ranked company achieved a revenue of 10.34 billion yuan, an increase of 1.5 billion yuan from the previous year. The Shanghai Top 100 list has become a ranking of companies with operating revenue of over 10 billion yuan.

Specifically, the top ten Shanghai Top 100 Enterprises are: China Baowu, SAIC Group, COSCO Shipping, Bank of Communications, Shanghai Vanke, China Taiping Insurance, Greenland Holdings, China Construction Eighth Bureau, Shanghai Pudong Development Bank, and Suzhou Construction Group.

Among the top 100 enterprises in Shanghai, industries such as e-commerce, black metallurgy, integrated circuits, maritime transportation, and construction have a relatively high growth rate in revenue; The operating revenue of the financial banking industry has remained stable with slight growth; The operating revenue of the aviation transportation industry continues to decline, with clear signs of bottoming out; The operating revenue of the real estate industry has declined, but companies such as Shanghai Vanke, which operate steadily, continue to maintain a growth trend in operating revenue.

Among them, industry leading enterprises such as China Baowu, COSCO Shipping, China Construction Eighth Bureau, Meituan, Pinduoduo, SMIC, and Huaqin Technology have a relatively high growth rate of revenue, with growth rates ranging from 11% to 38%. The increase in revenue of these enterprises has made a significant contribution to supporting the growth of revenue for the top 100 enterprises.

Top 100 emerging industries grow against the trend

The list shows that in 2022, the top 100 emerging industry enterprises grew against the trend during the epidemic, and their operating performance continued to maintain a strong momentum of high-speed growth. Their operating revenue reached nearly 1.6 trillion yuan, with a growth rate of 12.05%; While operating revenue has grown rapidly, economic benefits have shown a trend of rapid growth, with net profit breaking through the 100 billion yuan mark for the first time, reaching 101.66 billion yuan, with a growth rate of 56.99%.

The average operating scale of the top 100 emerging industries continues to expand, with the average operating revenue and total assets of the 100 enterprises reaching nearly 16 billion yuan and 28.4 billion yuan, respectively. Among them, there are 25 companies with operating revenue exceeding 10 billion yuan, and 3 companies with revenue exceeding 100 billion yuan; There are 9 enterprises with total assets exceeding 100 billion yuan. The rapid growth and expansion of these enterprises have become an important force for the development of the top 100 companies in Shanghai.

38 information technology industry companies have been listed in the top 100 emerging industries, making them outstanding industry groups in terms of expanding business scale and increasing economic benefits. In 2022, the total operating revenue of 38 information technology companies reached 1006 billion yuan, with a growth rate of 14.72%; The net profit reached 60.9 billion yuan, with a growth rate of 302.44%. The average operating revenue of 38 information technology companies reached 26.47 billion yuan, the average total assets reached 42.39 billion yuan, and the average number of employees reached 8090.

These data indicate that information technology companies are not only the industry group with the largest operating scale and strongest operating strength among the top 100 emerging industries, but their growth in operating scale and economic benefits also exceed the average level of the top 100 emerging industries. They are the main driving force for the overall operating performance of the top 100 emerging industries to rise.


Has your company been listed?, Sending important signals of economic development! Shanghai releases 2023 Top 100 Enterprises

Among the top 100 emerging industries, e-commerce platform enterprises such as Pinduoduo, Meituan, and Dewu App continue to maintain high-speed growth in business performance. Pinduoduo's operating revenue reached 130.56 billion yuan, with a growth rate of 38.97%. Meituan Company's operating revenue continues to maintain a rapid growth of over 20%, and it continues to lead the catering e-commerce industry in the field of life service e-commerce. Europe Metallurgical Cloud Commerce and Shanghai Steel Union have also achieved rapid growth in business scale, and their leading role in the steel trade field is more obvious.

Information technology manufacturing enterprises continue to maintain high-speed growth, among which the integrated circuit industry has the most impressive development. SMIC's operating performance reached a new high, with a revenue of 49.52 billion yuan; Zhongwei Company continues to maintain a high-speed growth trend, with its business scale and economic benefits reaching new highs; As a leading enterprise in the intelligent terminal manufacturing industry, Huaqin Technology has achieved double-digit growth in revenue and net profit.

The operating performance of new energy vehicle enterprises has achieved rapid growth, with a revenue of 96.36 billion yuan and a growth rate of 21.38%. Among them, the operating revenue of SAIC Group's new energy vehicle sector reached 80.9 billion yuan, with a growth rate of 14.93%, becoming an important factor for the group's stable operating revenue in 2022.

Differentiation of corporate profitability

In 2022, the total profit and tax indicators of Shanghai's top 100 enterprises slightly decreased. Among them, the net profit indicator has decreased, while the total tax revenue indicator has slightly increased. The net profit of Shanghai Top 100 reached 592.18 billion yuan, with a growth rate of -9.41% and a decrease of 61.51 billion yuan; The total tax payment was 555.08 billion yuan, with a growth rate of 4.80% and an increase of 25.43 billion yuan; The total amount of profits and taxes reached 1147.26 billion yuan, with a growth rate of -3.05%. The profit and tax performance of the top 100 manufacturing and service industries is similar to that of the top 100 in Shanghai, with a decrease in net profit and an increase in total tax payments; The net profit and total tax payment of the top 100 private enterprises have both decreased.

It is worth noting that the 73 private enterprises listed in the top 100 emerging industries have performed well, with double-digit growth in seven major indicators: operating income, net profit, total assets, owner's equity, total tax payment, research and development expenses, and number of employees. Among them, the economic efficiency indicator has performed more prominently. These 73 enterprises achieved a net profit of 69.19 billion yuan, an increase of 39.17 billion yuan, and a growth rate of 130.48%; The total tax payment was 21.94 billion yuan, an increase of 3.1 billion yuan, with a growth rate of 16.43%; The total profit and tax amount is 91.13 billion yuan, with an increase of 42.27 billion yuan and a growth rate of 86.49%. The growth rate of these three major income indicators is significantly higher than the average level of the top 100 in Shanghai and emerging industries.

Overall, except for the top 100 emerging industries, the net profit development curve of the top 100 enterprises is currently undergoing adjustment. The important reason for the adjustment is that there have been significant changes in the operating environment in 2022, with multiple complex factors overlapping and varying levels of prosperity in various industries, resulting in a significant differentiation in the profitability of the listed companies.

Among the top 100 companies in Shanghai, there were 49 companies with an increase in net profit, achieving a total net profit of 403.19 billion yuan and a net profit increase of 96.54 billion yuan, with a growth rate of 31.48%; 51 companies experienced a decrease in net profit, achieving a total net profit of 188.99 billion yuan, with a decrease of 158.05 billion yuan and a growth rate of -45.54%.

Among enterprises with increased net profit, the fastest growing ones are in industries such as e-commerce, shipping, and integrated circuits, while the ones with stable growth are in industries such as construction and banking. The companies with reduced net profits are mainly those in industries such as aviation transportation, real estate, black metallurgy, and automobiles. As the negative external environment of enterprises has been basically exhausted, numerous policies to stabilize growth and promote development have been introduced and implemented, and some industries have seen a significant rebound in their net profits. The rebound energy of net profits from the bottom of the top 100 enterprises will continue to accumulate, and it is expected that net profits will return to the upward trajectory, especially the performance of private emerging industry enterprises is more worthy of attention.

Attachment: Shanghai 2023 Top 100 Enterprises List

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