First, the head of the enterprise rising momentum is strong, leading the top 500 profits exceeded 6.6 trillion yuan

The total profit of the 500 enterprises on the list reached 6,621.696 billion yuan, an increase of 7.98%, accounting for 95.61% of the total profit of all listed companies in Shanghai, Shenzhen and North China, and 5.47% of the national GDP, both of which were 1.95% and 0.11% higher than that of the previous year. The top 500 enterprises realized operating revenues of 50,383,518 million yuan, an increase of 8.28%, accounting for 70.53% of all listed companies' operating revenues, and their total assets amounted to 344,437,298 million yuan, an increase of 10.83%, accounting for 89.50% of all listed companies' total assets, and their status as the main force of the economy is growing stronger and stronger. It is worth paying attention to the fact that the total market capitalization of the top 500 enterprises at the end of 2022 was 84,795,769 million yuan, a decline of 12.10% compared with the previous year, and the enhancement of profitability and the decline of market capitalization show a serious deviation.

Among the top 500 companies, the total profit of the top 100 companies rose sharply by 11.71%, which is the core driving force leading the growth, while the total profit of the next 400 companies fell by 3.04% compared with the previous year. In the face of economic downward pressure, the head of the enterprise against the trend of development experience is worth paying attention to, enhance the international competitiveness of Chinese enterprises, and promote the rapid recovery of domestic and foreign double-cycle, need to 500 enterprises work together.

Second, the number of private enterprises on the list topped the list, central enterprises ballast status is significant

Among the top 500 enterprises, the number of private enterprises on the list increased by 6 to 167, and the number of local state-owned enterprises decreased by 42 to 140, and private enterprises successfully occupied the top of the list, and their enterprises on the list were mainly concentrated in the fields of pharmaceuticals and biotechnology, electric power equipment, and basic chemical industry, etc. In the competition for the top enterprises, private enterprises were mainly concentrated in the fields of pharmaceuticals and biotechnology, electric power equipment, and basic chemical industry. In the competition for the top enterprises, the strength of private enterprises is also getting stronger, the number of private enterprises in the top 100 enterprises has increased significantly to 16, Tianqi Lithium is the highest ranked private enterprise in the mainland stock market, ranking 27th, 217th compared with the previous year, Ganfeng Lithium, Daquan Energy, BYD rankings also increased by more than a hundred, ranking 51st, 52nd, and 56th, respectively.

From the point of view of profitability, the strongest is still the central state-owned enterprises, its 119 enterprises on the list of total profits accounted for 54.55% of the top 500 enterprises, 41 seats in the top 100 enterprises, the list of central enterprises are basically concentrated in the banking, energy, transportation, communications, construction, public services and other important areas related to the overall situation of national development. Compared with it, although the number of private enterprises in the leading position, but the gap in total profits is still large, accounting for only 13.24% of the top 500, in the "promotion of the private economy thirty-one" released, private enterprises will usher in a better environment for development, profitability of the prospect is worth paying attention to.

Third, the power equipment industry shines, pharmaceutical and biological industry competition intensified

From the industry structure, pharmaceutical and biological, banking, electric power equipment, basic chemical, non-banking financial, non-ferrous metals, transportation are the most listed enterprises in the industry, are more than 30. Benefiting from the rapid expansion of the new energy market, the electric power equipment industry has developed rapidly, with 38 enterprises on the list, total profit reaching RMB 252.764 billion, an increase of 103.30% compared with last year, among which there are 12 new enterprises on the list, 26 continuous enterprises on the list, and no retiring enterprises. 2 continuous enterprises on the list have ranked up more than 200, 10 have ranked up more than 100, and 22 have ranked up more than 10, and 10 have ranked up more than 10, and 10 have ranked up more than 10. There are 22 companies ranking up more than 10 positions, the highest ranking is the 28th Tongwei shares, in addition, there are Ningde Times, TBEA, Daquan Energy, LONGi Green Energy four rankings also entered the top 100. Also benefited from the new energy market is the non-ferrous metal industry, this year, there are also 12 new enterprises on the list, mostly related to new energy materials.

Pharmaceutical and biological industries, 14 new companies on the list, is the most new industry, Jiuan Medical first on the list that ranked 65, the highest ranking in the industry, while the pharmaceutical and biological industries, there are also 11 companies off the list, on the list of the list of changes in the magnitude of the list, the industry competition is very intense.

Guangdong regained the first place in terms of the number of enterprises on the list, and the industrial structure in Shanxi needs to be adjusted.

The number of enterprises on the list in Guangdong increased by 5 this year to 72, surpassing Beijing's 68 and regaining the top spot. Zhejiang added 3 companies, totaling 52 companies on the list ranked third. Shanghai added 3 companies, and the number of companies on the list returned to 50, ranking fourth. Jiangsu added 2 companies, reaching a record high of 45 companies on the list and ranking fifth. Hubei and Yunnan both realize three consecutive increases in the number of enterprises on the list, reaching 12 and 8 respectively. Shandong has 6 fewer enterprises on the list than the previous year, with only 23 enterprises left. Behind them, Sichuan has added 2 new enterprises to reach 17, and the gap is gradually narrowing. Shanxi has 11 enterprises on the list, but the proportion of coal enterprises to expand again, has reached 9, the industrial structure of the serious imbalance, the transformation of the development mode is imperative.

From the city point of view, all the top 500 enterprises from 153 cities, in addition to Beijing and Shanghai on the list of more than 50, Shenzhen has 39, Hangzhou has 19, Guangzhou has 16, Nanjing has 14, Changsha and Chengdu have 10 each.

From a regional perspective, there are 355 enterprises on the list in the eastern region, which is still a significant advantage, especially in the middle and high-end manufacturing, accounting for more than 90% of the enterprises on the list in the electronics, automobile, household appliances, light manufacturing and other industries. The difference between the number of enterprises on the list in the west and central China is not large, each with 71 and 74 enterprises, but the total profit of all enterprises on the list in the west amounted to 677 billion yuan, much higher than the 391.4 billion yuan of the enterprises on the list in central China, and the western region is more prominent in the development of non-ferrous metals, basic chemical industry, electric power equipment, food and beverage, etc., and the prospect of development is promising.

V. Gradual transformation and upgrading of the manufacturing industry, the proportion of profits in the financial industry continues to decline

Analyzed by the four echelons, there are 119 enterprises in the first echelon of the top 500 construction and energy enterprises, creating a total profit of 1,717.785 billion yuan, accounting for 25.94%, 229 manufacturing enterprises in the second echelon, creating a total profit of 1,302.373 billion yuan, accounting for 19.67%, and 79 third echelon service enterprises, creating a total profit of 7,907.22 billion yuan, accounting for 19.67%, and 79 third echelon service enterprises, creating a total profit of 7,922 billion yuan, accounting for 19.67%. 90.722 billion yuan, accounting for 11.94%, and 73 enterprises in the fourth echelon of the financial industry, creating total profits of 2,810.816 billion yuan, accounting for 42.45%.

Construction and energy enterprises and the service industry have improved significantly, with the number of enterprises on the list increasing by 12 and 4 respectively, the total profit increasing by 23.26% and 40.37%, and the proportion of profit increasing by 3.22% and 2.76%. The number of manufacturing industry on the list has declined, mainly due to a large number of steel companies back on the list, while the number of electric equipment, machinery and equipment, household appliances industry on the list increased, which can be seen that the manufacturing industry is changing from traditional industry to new energy, automation direction. The profit share of the financial industry declined for two consecutive years, but it is still the highest of the four echelons of 42.45%, the financial industry continues to reduce interest rates and costs for the real economy to stabilize and rebound to provide strong support, its more than 40% profit share also shows that the overall foundation of the financial industry remains solid.

At the conference, Walton Institute of Economic Research also released three sub-lists, namely, Top 100 Listed Companies in China (Global) in 2023, Top 100 Listed Companies in China (Non-Mainboard) in 2023, and Top Listed Companies with the Most Growth in China in 2023.

The "2023 China (Global) Top 100 Listed Companies" covers companies listed in China (including Hong Kong, Macao and Taiwan) around the world, with total profit as the sorting benchmark. 500 companies are on the list, generating total profit of RMB 8,800.370 billion, an increase of 0.59% over the previous year, with a minimum listing line of 2022. Annual profit totaled 2,987 million yuan, down 9.84% from the previous year. 371 enterprises in the list are from Mainland China, 68 enterprises are from Hong Kong, China, and 61 enterprises are from Taiwan, China. Industrial and Commercial Bank of China, Construction Bank of China, Agricultural Bank of China, Bank of China, TSMC, PetroChina, Tencent Holdings, CNOOC, COSCO Offshore Holdings, and China Merchants Bank ranked high in the top ten.

The "2023 Top 100 Listed Companies in China (Non-Main Board)" focuses on science and innovation and specialized and new enterprises, covering all listed companies on the GEM, KIC and BSE, with a total of 100 companies on the list, of which 52 are on the main list at the same time, an increase of 12 compared to last year, with 63 companies on the GEM, 35 companies on KIC, and 35 companies on the BSE. There are 35 enterprises on GEM, 35 enterprises on SGX, and 2 enterprises on NSE. The minimum line for the list is 902 million yuan of total profit for the year 2022. Five enterprises, Ningde Times, Daquan Energy, SMIC, Myriad Healthcare, and Tianhua Xinergy, with total profits of more than 10 billion yuan, were among the top 5, while Anxu Bio and Defang Nano made the most progress in the rankings.

The "2023 China's Most Growing Listed Companies Ranking" focuses on listed companies with high growth rate for more than three consecutive years, and selects listed companies in Shanghai, Shenzhen and North America with total profit of more than 100 million yuan for three consecutive years and growth rate of more than 10%, and ranks them according to the average growth rate of the last three years, and a total of 256 companies are on the list this year, 71 fewer than last year. A total of 256 enterprises are on the list this year, 71 fewer than last year. Shandong Road and Bridge has been on the list for eight consecutive years, Zhongke Shuguang, Yifeng Pharmacy, Shenghong Science and Technology and Guangdong Hydropower have been on the list for seven consecutive years, and Luzhou Laojiao, Shanxi Fenjiu and Zhonghuan Stocks have been on the list for six consecutive years. The profitability of these enterprises has maintained a steady growth for many years, which is rare and worthy of special appreciation.

At the conference, Shen Hanyao, President of Walton Institute of Economic Research, delivered a keynote speech on "Playing the role of the main force of the top 100 companies and fighting a new battle to revitalize China's economy".

According to Shen, first of all, it is necessary to stabilize China's economic fundamentals, i.e. the two pillar industries of "housing" and "transportation". Real estate and transportation industry is still the first and second core of China's economic system of pillar industries, its own industry volume is huge, the upstream and downstream industry chain is very long, the surrounding services and support industries are numerous, and it occupies a pivotal position in the development of the economy. We can organize the top 100 companies to carry out strategic restructuring of difficult real estate projects with the support of policy finance, and collaborate to promote the "guaranteed delivery of buildings", and jointly build a new pattern of benign real estate industry development with the principle of "housing without speculation".

In response to the global industry facing new and old kinetic energy conversion, industrial pattern reconstruction, a new round of scientific and technological revolution and industrial change is accelerating the evolution, he proposed to open up a new battlefield of the fourth industrial revolution centered on scientific and technological research and development, to cultivate new kinetic energy and set up a new orientation. Top 100 companies can set up an innovation committee under the board of directors, with the chairman or CEO as the chief innovation officer, vigorously develop strategic emerging industries, adopt diversified strategies, and implement major industrial actions such as going up to the sky (aerospace), going down to the sea (marine industry), making cores (integrated circuits), and digital intelligence, new materials, new energy, and so on, so as to enlarge the scale of emerging industries.

At the same time, he also emphasized that the top 100 companies should play the role of their industrial chain "chain master", use their scale advantages, financial advantages and technological advantages, and constantly meet market demand and enhance competitiveness, drive the entire industrial chain of upstream and downstream enterprises, and jointly promote the synergistic development of large, medium and small enterprises.

Finally, he pointed out that in order to better play the role of the main force of the Top 100 companies, the China Top 100 Forum divided the 500 Top 100 enterprises into four echelons according to their functions and roles. The four echelons should not only focus on domestic cooperation with relevant provinces and cities, but also focus on international layout along the "Belt and Road", and according to the "one, two, three, four" ladder linkage development. He also recommended that the relevant state departments and the top 100 companies jointly plan major development strategies and actions and promote them in an integrated manner.

At the conference, Fu Yulin, Vice President of Walton Institute of Economic Research, announced that the 23rd Summit Forum of China's Top 100 Listed Companies and the 9th Forum on Comprehensive Development of China's Top 100 Cities will be held in December 2023, with the theme of "New Breakthroughs, New Patterns, and New Dynamics of Chinese Modernization", and that leaders of the top 100 enterprises and cities will be organized to create a new pattern of China's economic development. With the theme of "New Breakthroughs, New Patterns, New Dynamics of Chinese Modernization", the forum will organize leaders of top 100 enterprises and top 100 cities to focus on the strategic docking of China's top 100 enterprises and city clusters, and to create a new pattern of China's economic development. At the same time, the Top 100 Enterprises and Top 100 Entrepreneurs of China in 2023 will be honored.