Slowest sales revenue growth of top 500 companies
August 31, 2015 Category Macro-economy, Weekly
According to the 2015 China Top 500 Enterprise List, total sales revenue of the companies on the list reached CNY59.5 trillion, up 4.94% year-on-year, the lowest growth rate ever since the China Enterprise Confederation and China Enterprise Directors Association started to draft the ranking 13 years ago. The threshold for entering the list has been raised by CNY750 million to CNY23.61 billion, the narrowest increase in five years. The total assets of this year’s finalists reached CNY197.6 trillion, up 12% year-on-year, the lowest growth rate in a decade. 57 companies have reported losses of CNY80.38 billion this year, and 94 have reported negative growth in sales revenue. Merger and acquisition activities have slumped to a five-year low. Among the 500 companies, 140 carried out 690 mergers and acquisitions (M&As) last year, compared with 811 deals in 2013. China Petrochemcial Corp (Sinopec Group) led the list for the 11th consecutive year with a total sales revenue of CNY2.89 trillion.
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