On June 23rd, Walton Institute of Economics released "CBT 500 Enterprises 2021" in Shanghai, with a total of 500 enterprises on the list. This is the 21st consecutive year since 2001 that Walton Institute of Economics has compiled and released "CBT 500 Enterprises".

CBT 500 Enterprises takes total profit as the ranking benchmark, and evaluates the development performance of Chinese listed companies in the past year in accordance with the enterprise development concept of "stronger and bigger", and all the enterprises on the list are the most competitive and profitable enterprises, which are the real top 100 enterprises, and the minimum line of this year is 1.373 billion yuan of total profit in 2020. This year, the minimum line for the list is 1.373 billion yuan of total profits in 2020.

On the 2021 CBT 500 Enterprises, ICBC tops the list for the twelfth consecutive year with a total profit of 392.126 billion yuan, with Construction Bank of China, Agricultural Bank of China, Bank of China, Ping An of China, China Merchants Bank, China Construction, Bank of Communications, Vanke, and Industrial Bank of China ranking second to tenth, and Watson Biologicals ranking 500th.

At the conference, the China Top 100 Group of Walton Institute of Economic Research analyzed and interpreted the "2021 China Top 100 Listed Companies Ranking":

1、The strength of the top 500 companies has reached a new level, and the role of the main force has become more prominent.

The total profit of the 500 listed companies exceeded 5 trillion yuan for the first time, reaching 5,074,254 billion yuan, an increase of 3.38%, accounting for 95.07% of the total profit of all listed companies in Shanghai and Shenzhen. The operating income was RMB 39,192.610 billion, an increase of 2.80%, accounting for 73.78% of the operating income of all listed companies in Shanghai and Shenzhen. The proportion of total profit and operating income to the national GDP was 5% and 39%, up 0.04% and 0.10% respectively from the previous year. From the absolute number, the proportion and the proportion of GDP can be seen, the top 500 enterprises is the mainstay of China's economic development deservedly.

2. Competition for the top 100 positions is fierce, and the achievements of star enterprises are dazzling.

Among the 500 companies on the list, there are 93 new companies on the list, with Goldfish (93rd), CICC (96th) and Inventec Medical (98th) entering the top 100, and five new companies from the Science and Technology Innovation Board (STB), namely Semiconductor Manufacturing International Corporation (SMIC), Shengxiang Biologicals Corporation (SBC), Oriental Biologicals Corporation (OBC), Stone Technology, and Trina Solar, entering the top 100 companies. Changes in the top 10 positions were greater than in previous years, with two companies moving in and two companies moving out. Vanke improved by two places and was ranked among the Top 10 for the first time, while Industrial Bank entered the Top 10 again after four years, and PetroChina and Sinopec fell out of the Top 10. China Construction jumped from 10th to 7th place, ranking first among real economy enterprises. China Railway Construction has been on the list of "China's Most Growing Listed Companies" for six consecutive years with a profit volume of 30 billion yuan, realizing sustained steady and high-speed growth, which deserves special appreciation.

3. Real estate industry shows a downtrend, while pharmaceuticals and biotechnology are growing rapidly.

In the industry structure, real estate (39 companies) fell to the top for the first time since 2016, and non-banking finance (46 companies) jumped to the top of the industry. With the intensive introduction of control policies such as the "three red lines" and "two concentrations", more uncompetitive real estate companies will exit the top 100 list in the future. Pharmaceutical and biological (45), utilities (36) and banks (34) are also on the list of more than 30 companies. Transportation (27 companies) saw the largest decrease in the number of companies on the list due to the new Crown Pneumonia outbreak, dropping by 15 companies and exiting the industry's top five for the first time. Pharmaceuticals and biologicals on the list of the number of companies increased the most, an increase of 11.

4、Financial industry profit occupies half of the country, the future positioning is worth paying attention to

Among the 500 enterprises on the list, the number of enterprises in the financial industry (including non-banking finance and banking) continues to increase, from 72 to 80 in the previous year, with a total profit of RMB 2,598.941 billion, accounting for 51.22% of the total profit of the top 500 enterprises. As the number of enterprises on the list of the financial industry continues to increase, and the proportion of profits remains above 50% for a long time, it is worthwhile to discuss whether there is the problem of over-development and aggravation of the burden on the real economy. How to play the strong strength of the financial industry, guide the financial industry to better serve the real economy, support the real enterprises continue to grow stronger and bigger, is an important issue facing the macro policymaking departments and the financial industry.

5、Guangdong back to the top of the list, Zhejiang exceeded Shanghai for the first time, Beijing is still the main force of profitability

Guangdong surpassed Beijing (69) with 76 companies, occupying the top spot again after five years. Zhejiang (55) exceeded Shanghai (48) for the first time, occupying the third place. Jiangsu (43) came in fifth place. Beijing's 69 companies on the list collectively generated a total profit of RMB 2,259.350 billion, accounting for 44.53% of the total profit of all the top 500 companies, making it the absolute mainstay of the top 100 companies. However, during the five-year period of 2017-2021, the number of enterprises on the list in Beijing has continued to decrease, having dropped by 11 from 80 at the highest point to 69, which should be of special concern to the relevant authorities.

At the launch, the Walton Institute of Economic Research also released four other sub-lists. The "Top 100 Chinese (Global) Listed Companies 2021" has a total of 500 companies on the list, with a minimum list line of 2.603 billion yuan of total profit in 2020. ICBC continues to top the list, while Construction Bank of China, Agricultural Bank of China, Bank of China, Ping An of China, Tencent Holdings, China Mobile, TSMC, China Merchants Bank, and China Construction are ranked second to tenth.

Four other sub-lists were also released by the Walton Institute of Economic Research at the conference:

The "Top 100 Chinese (Global) Listed Companies 2021 Ranking Edition" has 500 companies on the list, with a minimum listing line of 2.603 billion yuan in total profit for the year 2020. ICBC continues to top the list, with Inventec Medical, Winsor, Myriad Medical, and Ningde Times ranking second to fifth.

A total of 100 companies were listed on the "Top 100 Listed Companies in China (GEM) in 2021". Jinlongyu topped the list with a total profit of 8.946 billion yuan, while Inventec Medical, Wen's shares, Myriad Medical and Ningde Times ranked second to fifth.

A total of 100 enterprises were listed on the "2021 China's Top 100 New Third Board Listed Companies". Yongan Futures, CIC and others ranked the top.

The "2021 Ranking of China's Most Growing Listed Companies" selects listed companies in Shanghai and Shenzhen with total profits of more than 100 million yuan for three consecutive years and a growth rate of more than double-digit (10%), and ranks them according to their average growth rate in the last three years, and a total of 280 companies are on the list.

Speech by Shen Hanyao, Chairman of Top 100 Forum and President of Warton Economic

Institute

Speech by Zhao Dengshan, Board Secretary of China Railway Construction and representative of the Top 500 Enterprises

Shen Bing, Assistant President of Walton Institute of Economic Research, announced the preparations for the 21st Summit Forum of Top 100 Chinese Listed Companies.

The conference announced that the 21st Summit Forum of China's Top 100 Listed Companies and the 7th Forum on Comprehensive Development of China's Top 100 Cities are scheduled to be held jointly in Shanghai on November 19-20, with the theme of "New Era, New Pattern, New Strategies", and will organize leaders of the top 100 enterprises and top 100 cities to focus on strategic matchmaking between China's top 100 enterprises and city clusters. The forum will organize the leaders of top 100 enterprises and top 100 cities to focus on the strategic docking of China's top 100 enterprise groups and city clusters, to create a new pattern of China's economic development and to realize the high-quality development of the national economy. The forum will also honor the top 100 enterprises and outstanding entrepreneurs listed in 2021.