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China 500 中国企业500强
China unveiled this year’s top 500 Chinese enterprises on Sunday with State Grid, Sinopec and Petrochemical securing the top three of the list.
The State Grid Corporation of China tops the list, with revenues reaching 2.4 trillion yuan (351.4 billion US dollars) in 2017, followed by the Sinopec Group (2.21 trillion yuan) and the China National Petroleum Corporation (2.2 trillion yuan).
This year, companies with an annual revenue exceeding 30.69 billion yuan are eligible and allowed to be listed, the first time hitting the 30 billion yuan threshold.
Revenues for China’s top 500 companies stood at a total of 71.7 trillion yuan, up 11.2 percent year on year, and the growth rate increased 3.6 percentage points compared with last year.
Meanwhile, these companies stand out in restructuring and research and development (R&D). New modes of businesses are emerging and the process of cutting overcapacity is making progress.
The R&D expenses of the companies totaled 895 billion yuan, up by 21.6 percent year on year, and a total of 956,000 patents are created, up by 29.6 percent year on year.
Wang Jiming, academician of the Chinese Academy of Engineering and vice president of China Enterprise Confederation, said that companies on the list are mostly large companies who play a key role in structural reform and innovation, so they enjoy a faster growth and sound performance.
In addition to traditional state-owned enterprises, 237 private companies are listed this year, showing a growing trend of half and half.
The rest of the top 10 include the industrial and Commercial Bank of China (ICBC), China State Construction Engineering Corporation (CSCEC), Ping An Insurance Group, China Construction Bank (CCB), SAIC Motor, Agricultural Bank of China (ABC) and China Life Insurance Group.
上周日，中国公布了今年的中国企业500强，国家电网、中石化和中石油跻身前三。
中国国家电网公司位居榜首，2017年营收达到2.4万亿元(合3514亿美元)，其次是中石化(合2.21万亿元)和中国石油天然气集团公司(合2.2万亿元)。
今年，年营收超过306.9亿元的公司有资格上市，首次达到300亿元的门槛。
中国500强企业总收入达到71.7万亿元，同比增长11.2%，同比增长3.6个百分点。
与此同时，这些公司在重组和研发( R & D )中脱颖而出。新的商业模式正在出现，削减产能过剩的进程正在取得进展。
这些公司的研发费用总计8950亿元，同比增长21.6 %，共创造了95.6万项专利，同比增长29.6 %。
中国工程院院士、中国企业联合会副主席王继明表示，上榜企业大多是在结构改革和创新中发挥关键作用的大公司，增长较快，业绩良好。
除了传统的国有企业外，今年共有237家民营企业上市，这一增长趋势是一半一半。
排名前十的银行还包括中国工商银行(ICBC)、中国建筑工程总公司(CSCEC)、平安保险集团(Ping An Insurance Group)、中国建设银行(CCB)、上海汽车(SAIC Motor)、中国农业银行(ABC)和中国人寿保险集团(China Life Insurance Group)。
Q&A
Q: Which of the following information is true about the top 500 Chinese enterprises?
A: Revenues reached a total of 71.7 trillion yuan, the R&D expenses of the companies totaled 895 billion yuan.
B: The R&D expenses of the companies totaled 895 billion yuan, and the growth rate increased 11.2 percentage points compared with last year.
C: A total of 956,000 products are created, up by 29.6 percent year on year.
D:  236 private companies are listed this year, showing a growing trend of half and half.
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