The 2019 Top 500 Chinese Enterprises list, jointly released by the China Enterprise Confederation and the China Entrepreneurs Association, covers 76 industries, of which 244 companies in the manufacturing industry are on the shortlist, and 173 companies in the service industry are on the shortlist, and also includes < strong>real estate, electric power, food and beverage and other industries.

This year's list of China's top 500 companies includes China Petroleum & Chemical Corporation, China National Petroleum Corporation, State Grid Corporation, in the top three. followed by China Construction Corporation, Industrial and Commercial Bank of China, Ping An Insurance of China, China Construction Bank, Agricultural Bank of China, Shanghai Automotive Group, and Bank of China, respectively. Among the top 10, the banking sector was strong, with three energy companies and one each from the construction and insurance sectors.

Looking at the 2019 Top 500 Chinese Enterprises, there are positive changes in the development of Chinese industries. Heavy chemicals still dominate, among the 38 industry types in the top 500, the five industries with the largest scale of operating revenues are all heavy chemicals, with their total operating revenues accounting for 51.55 percent of the top 500. Part of the advanced manufacturing industry performs brightly, Communication equipment manufacturing industry into the top 5 of the total profit ranking, ranked fourth. In terms of industry average revenue profit margin and industry average asset profit margin, Medical Equipment Manufacturing and Telecommunication Equipment Manufacturing also entered into the top 5 respectively.

According to CICC's analysis, the more traditional real estate and financial sectors have been weaker in the past year due to the economic cycle. From the data of the companies on the list, the financial industry saw less revenue growth and a 2% year-on-year decline in profits; the real estate industry, while seeing significant growth on the revenue side, saw a 1.4% year-on-year decline in net profit, and a small drop in the number of companies on the list. New Economy sector consisting of electronics, internet services and computer-related industries continued its previous high growth trend, with the number of companies on the list increasing to 37, and the sector's revenue growing by as much as 29% year-on-year, with the best-growing internet services industry in the sub-sector registering a cumulative revenue growth of 38% year-on-year, and although the revenue growth rate slowed down a little, the industry's growth speed still far exceeds the list average.