The National Federation of Industry and Commerce of China announced on Tuesday (September 12) to announce the list of top 500 private enterprises in 2023. Jingdong Group, Alibaba, and Hengli Group ranked among the top three.
According to China Surging News, JD Group topped the top 500 residents' corporations for two consecutive years for 1046.236 billion yuan (RMB, Same as San 197.9 billion yuan) for two consecutive years.Ali and Hengli ranked second and third with about 864.5 billion and 611.7 billion, respectively.
The report pointed out that due to the impact of many expected factors at home and abroad, the top 500 private enterprises "still have some concerns that are worthy of attention."The top 500 enterprises have decreased to varying degrees of net profit after tax, net profit margin, net asset interest rate, and net asset yields.
The report also said that mergers and acquisitions and reorganizations and international operations are becoming more cautious.The number of mergers and acquisitions at home and abroad has decreased compared with the previous year; the growth rate of total exports has declined significantly; the number of overseas investment companies and the number of overseas investment projects have decreased to a certain extent.The problem of rising costs and poor demand still exists.
The number of 500 companies with high cost of raw materials, rising labor costs, and insufficient domestic market demand reached 338, 314, and 301, respectively.
Xinhua News Agency reported that the top 500 Chinese private enterprises were arranged in accordance with the decline in the total operating income.
