38 Textile Enterprises Listed In Top 500 Private Enterprises

On September 10, the 2020 summit of China's top 500 private enterprises, sponsored by the all China Federation of industry and commerce, was held in Beijing. At the meeting, the list of "2020 top 500 private enterprises in China" was released. Among them, 38 textile enterprises are listed on the list, and Hengli Group, Shandong Weiqiao and Zhejiang Hengyi are among the top.

Together with the "2020 China's top 500 manufacturing private enterprises" and "2020 China's top 100 service industry private enterprises" list. Among them, 54 textile related enterprises, including Hengli Group, Shandong Weiqiao, Zhejiang Hengyi, Zhejiang Rongsheng, Shenghong holding, Hailan group, Youngor and Tongkun holdings, have entered the "2020 top 500 private manufacturing enterprises in China".

It is understood that the list of China's top 500 private enterprises is the ranking result released by the all China Federation of industry and Commerce on the basis of the survey of private enterprises of the upper scale and the total business income of enterprises in the previous year as the reference index.

The analysis report of the all China Federation of industry and Commerce shows that in 2019, the entry threshold, total assets and total net profit after tax of the top 500 private enterprises have increased to varying degrees. The development momentum of private enterprises is good, and the quality and efficiency are steadily improved. According to the report, there are four new changes in the list.

First, the expansion of the "100 billion club".

For the first time, the entry threshold of the top 500 private enterprises has exceeded 20 billion yuan (RMB, the same below), reaching 20.204 billion yuan; in 2019, the total business income is 30170.826 billion yuan, and the total assets is 36960.801 billion yuan.

The number of private enterprises with total assets in the "100 billion club" reached 80, 4 more than that in 2018 and 19 more than that in 2017; among them, the total assets of 4 enterprises exceeded trillion yuan.

Second, the ranking changes of profitable industries.

The profit level of the top 500 private enterprises maintained the growth momentum, but the growth rate was narrowed; the net interest rate of sales, the net interest rate of assets and the rate of return on net assets all increased compared with the previous year. Among them, the net profit of 2.2 billion yuan is more than 10 yuan.

In terms of profitability, the net sales interest rate of these private enterprises in 2019 was 4.62%, slightly higher than that of the previous year. From the perspective of industry segmentation, there are 23 industries with the index value higher than this level, among which the sales net interest rate level of 4 industries is more than 10%: real estate industry, animal husbandry, leather, fur, feather and their products and footwear industry, agriculture, forestry, animal husbandry, fishery and auxiliary activities.

The third is the overall contribution of the society.

For a long time, private enterprises have played an inestimable role in promoting employment and creating tax revenue, making great contributions to economic prosperity and social stability. In recent years, the total tax payment of the top 500 private enterprises has continued to maintain a growth trend, and its proportion in the total tax revenue of the whole country has continued to increase.

Fourth, the industrial structure has been continuously optimized.

However, the proportion of private enterprises in the total assets of this industry continued to decrease for the third time. Among these private enterprises, the number of manufacturing enterprises was 288, 7 less than the previous year.

However, compared with the previous year, the operating income, number of employees and R & D expenses of the manufacturing enterprises in the list have increased to varying degrees compared with the previous year. The enterprises' absorption of social employment and R & D investment has continued to maintain a rising momentum, and the innovation ability and level of enterprises have been continuously consolidated and improved.