Looking at the Resilience and Vitality of Private Economy from the Top 500 Rankings
The entry threshold for the top 500 private enterprises reached 27.578 billion yuan, an increase of 1.211 billion yuan from the previous year; 359 companies were shortlisted in the secondary industry, an increase of 17 compared to the previous year; The key technologies of 414 enterprises mainly come from independent development and research... According to the "2023 Top 500 Chinese Private Enterprises" list and the "2023 Top 500 Chinese Private Enterprises Research and Analysis Report" released by the All China Federation of Industry and Commerce on the 12th, the overall scale of private enterprises in China has steadily increased, the industrial structure has continued to optimize, and technological innovation has further strengthened. However, at the same time, the problems of rising costs and sluggish demand still exist.
In response to this, over the past month, relevant departments and local authorities have further implemented and refined measures to support the development of private enterprises. Recently, the Central Compilation and Reform Commission has officially approved the establishment of a private economic development bureau within the National Development and Reform Commission, which will strengthen policy coordination in related fields and promote the early implementation and effectiveness of various major measures. Industry insiders say that the synergy of policies will further stimulate the vitality of private economic development.
The report shows that the overall scale of the top 500 private enterprises continues to grow, with a qualifying threshold of 27.578 billion yuan, an increase of 1.211 billion yuan from the previous year. 17 Fortune 500 companies have a revenue exceeding 300 billion yuan, of which 8 companies have a revenue exceeding 500 billion yuan. 86 companies have total assets exceeding 100 billion yuan, of which 11 companies exceed 500 billion yuan. A total of 28 private enterprises from the Fortune Global 500 have been shortlisted.
It is worth noting that the industrial structure of the top 500 private enterprises continues to be optimized. 359 companies were shortlisted in the secondary industry, an increase of 17 compared to the previous year. The proportion of total operating income and total assets increased by 4.48 percentage points and 0.62 percentage points respectively compared to the previous year. Among them, 322 manufacturing enterprises continue to maintain their dominant position. The total revenue, total assets, total tax payment, and number of employees have all significantly increased compared to the previous year.
At the same time, technological innovation and brand cultivation are further enhanced. Among the top 500 private enterprises, 414 of them rely mainly on independent development and research for their key technologies, while 432 enterprises complete the transformation of scientific and technological achievements through self financing. The number of effective patents in the top 500 private enterprises in China increased by 8.42%; The number of effective trademark registrations in China increased by 3.90% compared to the previous year, while the number of international trademark registrations in Madrid increased by 55.40%.
Li Bingshu, Secretary General of the China Chamber of Commerce for International Cooperation in Private Economy, believes that private enterprises represented by manufacturing enterprises are increasingly emphasizing technological and industrial innovation. Various regions also strongly support enterprises to actively participate in the construction of modern industrial systems, enhance core competitiveness, and lead high-quality development through innovation.
However, due to multiple unexpected factors both domestically and internationally, there are still some issues worth paying attention to in the top 500 private enterprises. Zhao Dejiang, a member of the Party Group and Secretary General of the All China Federation of Industry and Commerce, pointed out at the meeting that some operating indicators of the Fortune 500 companies have fluctuated, with varying degrees of decline in post tax net profit, sales net profit margin, asset net profit margin, and return on equity; The operating efficiency of some industries has slightly declined, but the loss situation has improved. In addition, the problems of rising costs and sluggish demand still exist.
Faced with the difficulties and challenges faced by the development of private enterprises, policy measures supporting the development of the private economy have been intensively introduced since July. On July 19th, the Central Committee of the Communist Party of China and the State Council issued the "Opinions on Promoting the Development and Growth of the Private Economy", proposing 31 policies to support the development of the private economy. Over the past month, the National Development and Reform Commission and relevant parties have launched a series of supporting measures, clarifying 17 specific measures to promote high-quality development of private investment in optimizing the development environment; In terms of strengthening factor support, the Ministry of Finance and the State Administration of Taxation have issued a notice to continue the value-added tax reduction and exemption policy for small-scale taxpayers.
It is understood that in the next step, relevant departments such as the National Development and Reform Commission, the Ministry of Industry and Information Technology, and the People's Bank of China will make further efforts to smooth out diversified financing channels for private enterprises and strengthen precise support for innovation in small and medium-sized enterprises. This includes researching and formulating several measures to promote the high-quality development of specialized, refined, unique, and new small and medium-sized enterprises, and introducing a series of policy measures from the aspects of technological innovation, industrial chain support, talent attraction and education.
Many regions have also introduced relevant measures to boost confidence in the development of the private economy. Shandong Province has issued "38 Measures" to support the high-quality development of the private economy, while also launching the "Three Clearances and One Platform" to help private capital better understand and participate in project implementation, and to further accelerate, improve quality and efficiency of private investment; Sichuan Province has introduced a "1+2" policy, providing "real gold and silver" support to help private market entities solve problems, increase confidence, and seek development; The Department of Commerce of Fujian Province has issued several measures to support the high-quality development of the private economy, stimulating its vitality, enhancing its ability to coordinate and utilize two markets and resources, and actively integrating into the domestic and international dual circulation.
Gao Yunlong, Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference and Chairman of the All China Federation of Industry and Commerce, stated that private enterprises should grasp the overall trend of the times, strengthen their confidence in development, deeply understand the Party Central Committee's firm determination to deepen reform and support the development and growth of the private economy, fully recognize the huge advantages and potential of China's market, practice internal skills, operate steadily, abide by laws and regulations, and innovate in development. At the same time, we must shoulder our historical responsibility, closely follow the pulse of development, take the lead in liberating our minds, and promote high-level opening up and world economic prosperity.
Zeng Yuqun, Vice Chairman of the All China Federation of Industry and Commerce and Chairman and General Manager of Ningde Times New Energy Technology Co., Ltd., introduced that as a technology innovation company in the field of new energy, Ningde Times has always closely linked enterprise development with national strategy, and has always firmly established three major development directions: fixed chemical energy substitution, mobile chemical energy substitution, and market application integration innovation; Based on four major innovations: materials and material systems, system structure, green extreme manufacturing, and business models; Continuously conquering the key core technologies of power and energy storage batteries, providing solutions for "standing first and breaking later", and creating conditions for "standing early and breaking early" and achieving the "dual carbon" goals as soon as possible.
Zhang Bo, Chairman of Shandong Weiqiao Entrepreneurship Group Co., Ltd., stated that in recent years, Weiqiao Group has seized the opportunity of Shandong's transformation of old and new kinetic energy, vigorously laid out downstream processing, built Weiqiao lightweight base, and driven the formation of a new energy lightweight high-end equipment manufacturing industry cluster. "We believe that the Chinese economy has strong resilience, great potential, abundant vitality, and will not change in the long run. We also believe that only when private enterprises eliminate concerns, overcome difficulties, and take practical actions to promote high-quality development, will our economy and social vitality become stronger."
