9月15日，中国企业联合会、中国企业家协会连续第24次向社会发布了"中国企业500强" （以下简称"企业500强"）榜单。这份榜单以2024年企业营业收入 作为入围标准，呈现出以下主要特点。 规模总量保持增长。企业500强营业收入达110.15万亿元，较上年500强有所增加。入围门槛实现23连升，达479.60亿元，提升5.79亿元。资产总额为460.85 万亿元，增长7.46%。榜单中，千亿规模企业数量增至267家，比上年增加45家，有15家企业的营业收入超过万亿元。其中，国家电网营业收入超过3万亿 元，即将突破4万亿元；中国石油、中国石化、中国建筑的营业收入超过2万亿元。 经济效益继续改善。企业500强实现归属母公司所有者净利润总额为4.71万亿元，增长4.39%，收入净利润率为4.27%，提高0.17个百分点。 创新活力更加充沛。研发强度创新高。企业500强共投入研发费用1.73万亿元；研发强度创下1.95%的新高，连续8年提升。创新成果产出质量继续提升， 企业500强持有有效专利总数224.37万件，比上年增加21.40万件，增长10.54%。其中持有发明专利103.96万件，较上年企业500强增加1 ...

Group 1 - The housing construction sector increased by 0.97% on September 15, with Shanghai Construction leading the gains [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] - Key stocks in the housing construction sector showed varied performance, with Shanghai Construction rising by 10.19% to a closing price of 2.92 [1] Group 2 - The net inflow of main funds in the housing construction sector was 8.77 million yuan, while retail funds saw a net inflow of 37.62 million yuan [1] - Major stocks like Shanghai Construction had a main fund net inflow of 135 million yuan, but retail funds saw a net outflow of 75.17 million yuan [2] - China State Construction experienced a significant net outflow of main funds amounting to 96.97 million yuan, despite a retail net inflow of 74.86 million yuan [2]

Core Insights - The "2025 China Top 500 Enterprises" report indicates a significant growth in revenue, reaching 110.15 trillion yuan, a 22.62% increase compared to the end of the 13th Five-Year Plan [1] - The threshold for entering the "2025 China Top 500 Enterprises" has risen for 23 consecutive years, now set at 47.96 billion yuan, an increase of 579 million yuan from the previous year [1] Group 1: Financial Performance - Total assets of the top 500 enterprises increased from 343.58 trillion yuan to 460.85 trillion yuan, a growth of 34.13% [2] - Net profit attributable to shareholders rose from 4.07 trillion yuan to 4.71 trillion yuan, marking a 15.62% increase [2] - R&D investment reported by these enterprises grew from 1.3 trillion yuan to 1.73 trillion yuan, a 32.30% increase [2] Group 2: Industry Contributions - The contribution to total revenue from manufacturing, services, and other industries in the 2025 China Top 500 Enterprises is 40.48%, 40.29%, and 19.23% respectively [2] Group 3: Multinational Companies - The threshold for the "2025 China Top 100 Multinational Companies" is now 22.173 billion yuan, an increase of 2.333 billion yuan [2] - The top 10 multinational companies include China National Petroleum Corporation and Tencent Holdings Limited [2] Group 4: Emerging Industries and Innovation - The entry threshold for the "2025 China Top 100 Leading Enterprises in Strategic Emerging Industries" is 45.921 billion yuan, up by 6.407 billion yuan [3] - The average R&D intensity of the top 100 innovative large enterprises increased from 5.27% to 5.61%, a rise of 0.34 percentage points [3] - The average number of patents held by these enterprises increased from 16,500 to 17,200, a growth of 4.24% [3] Group 5: International Expansion - Overseas assets of the top multinational companies grew from 92,179 billion yuan to 119,594 billion yuan, a 29.74% increase [4] - Overseas operating income increased from 61,507 billion yuan to 90,687 billion yuan, a growth of 47.44% [4] - The average multinational index rose from 15.07% to 15.56%, an increase of 0.49 percentage points [4]

Core Viewpoint - The 2025 China Top 500 Enterprises list was released, highlighting the resilience and progress of large enterprises in response to complex external environments, with a focus on industrial upgrading and innovation capabilities [3][5]. Group 1: Key Statistics - The threshold for entering the Top 500 reached 47.96 billion yuan, an increase of 579 million yuan from the previous year [3]. - Total operating revenue for the Top 500 enterprises was 11.015 trillion yuan, showing an increase compared to the previous year [3]. - The net profit attributable to the parent company reached 471 billion yuan, reflecting a growth of 4.39% [3]. Group 2: Industry Contributions - The contributions to total revenue from the three major sectors were 40.48% from manufacturing, 40.29% from services, and 19.23% from other industries [4]. - The number of enterprises in advanced manufacturing sectors increased from 23 to 32, including industries such as new energy equipment manufacturing and semiconductor manufacturing [4]. Group 3: Challenges and Opportunities - Despite significant achievements, Chinese enterprises still face challenges in R&D investment intensity and original innovation, which affects their competitiveness on a global scale [5]. - There is a need for more enterprises to occupy leading positions in international industries, as many still operate in a "large but not strong" state [5]. - The current global economic environment poses challenges, necessitating efforts to build world-class enterprises [5].

Core Insights - The "2025 China Top 500 Enterprises" list shows a positive development trend, with the entry threshold reaching 47.96 billion yuan, an increase of 579 million yuan, marking the 23rd consecutive rise [1][2] - The total revenue of the top 500 enterprises reached 110.15 trillion yuan, showing an increase compared to the previous year [2] - The total assets of these enterprises amounted to 460.85 trillion yuan, reflecting a growth of 7.46% [2] Revenue and Profitability - The total net profit attributable to the parent company for the top 500 enterprises was 4.71 trillion yuan, an increase of 4.39%, with a net profit margin of 4.27%, up by 0.17 percentage points [2] - There are 15 enterprises with revenues exceeding 100 billion yuan, with State Grid Corporation leading at 3.94 trillion yuan, approaching the 4 trillion yuan mark [4][3] R&D and Innovation - The top 500 enterprises invested a total of 1.73 trillion yuan in R&D, achieving a research intensity of 1.95%, the highest in eight years [5] - The number of valid patents held by these enterprises reached 2.2437 million, an increase of 214,000, or 10.54% from the previous year [5][6] Industry Structure - The number of enterprises in advanced manufacturing and modern service industries has increased, with 39 new or re-entering companies in the top 500 [7] - The contribution to total revenue growth from manufacturing, services, and other industries was 40.48%, 40.29%, and 19.23%, respectively, indicating balanced development [7] Regional Distribution - The top 500 enterprises are distributed across 30 provinces, with the highest numbers in Beijing (79), Zhejiang (56), and Guangdong (54) [8][9] Productivity Improvement - The per capita revenue for the top 500 enterprises was 3.4938 million yuan, continuing a nine-year upward trend, while per capita net profit reached 149,300 yuan, an increase of 9,800 yuan from the previous year [10]

经济效益继续改善。企业500强实现归属母公司所有者净利润总额为4.71万亿元，增长4.39%，收入净利润率为4.27%，提高0.17个百分点。 创新活力更加充沛。研发强度创新高。企业500强共投入研发费用1.73万亿元；研发强度创下1.95%的新高，连续8年提升。创新成果产出质量继续提升，企 业500强持有有效专利总数224.37万件，比上年增加21.40万件，增长10.54%。其中持有发明专利103.96万件，较上年企业500强增加15万件，增长了16.86%， 发明专利数量连续6年保持增长。发明专利占全部专利的46.33%，比上年提高2.50个百分点，专利质量稳步提升。 产业结构持续优化。先进制造业和现代服务业企业入围数量增加。企业500强有39家新入围或重新入围企业，其中汽车及零部件制造、物流及供应链企业增 加最多，共有6家新入围企业。计算机通信设备及其他电子设备制造业、电信及互联网信息服务等行业多项指标领先，在研发费用、专利、标准等方面贡献 突出。 发展协调性有所增强。制造业、服务业和其他行业企业发展齐头并进。企业500强中，制造业、服务业和其他行业对营收总额增长的贡献分别为40.48%、 40.29 ...

人民日报消息，9月15日，中国企业联合会、中国企业家协会连续第24次向社会发布了"中国企业500强" （以下简称"企业500强"）榜单。这份榜单以2024年企业营业收入作为入围标准，呈现出以下主要特点。 "2025中国企业500强"榜单： 规模总量保持增长。企业500强营业收入达110.15万亿元，较上年500强有所增加。入围门槛实现23连升， 达479.60亿元，提升5.79亿元。资产总额为460.85万亿元，增长7.46%。榜单中，千亿规模企业数量增至267 家，比上年增加45家，有15家企业的营业收入超过万亿元。其中，国家电网营业收入超过3万亿元，即将 突破4万亿元；中国石油、中国石化、中国建筑的营业收入超过2万亿元。 经济效益继续改善。企业500强实现归属母公司所有者净利润总额为4.71万亿元，增长4.39%，收入净利润 率为4.27%，提高0.17个百分点。 创新活力更加充沛。研发强度创新高。企业500强共投入研发费用1.73万亿元；研发强度创下1.95%的新 高，连续8年提升。创新成果产出质量继续提升，企业500强持有有效专利总数224.37万件，比上年增加 21.40万件，增长10.54%。其中 ...

Group 1 - The 2025 China Top 500 Enterprises list was released on September 15, featuring State Grid, China National Petroleum Corporation, and China Petroleum & Chemical Corporation in the top three positions [2] - The threshold for entering the Top 500 has increased for 23 consecutive years, reaching 47.96 billion yuan, an increase of 579 million yuan from the previous year [2] - The total operating revenue of the Top 500 enterprises reached 11.015 trillion yuan, showing an increase compared to the previous year, while the net profit attributable to the parent company was 471 billion yuan, growing by 4.39% [2] Group 2 - The manufacturing, service, and other industries contributed 40.48%, 40.29%, and 19.23% respectively to the total revenue of the Top 500 enterprises [2] - The number of enterprises in advanced manufacturing has increased from 23 to 32, particularly in sectors such as new energy equipment manufacturing, power and energy storage batteries, communication equipment, and semiconductor manufacturing [2] - Despite significant achievements, Chinese enterprises still face challenges in R&D investment intensity and original innovation, which affects their competitiveness on the global stage [3] Group 3 - The China Enterprise Confederation also released rankings for the Top 100 Multinational Corporations, Top 100 Leading Enterprises in Strategic Emerging Industries, and Top 100 Innovative Large Enterprises [3] - Chinese enterprises are currently in a phase of catching up and need to strengthen their positions in the global market, particularly in terms of innovation and modern corporate governance [3] - The challenges posed by insufficient global economic growth and disruptions in supply chains require Chinese enterprises to make substantial efforts to transition from being large but not strong [3]

Core Viewpoint - China State Construction Engineering Corporation (CSCEC) continues to show steady growth in its core construction business while experiencing a contraction in its real estate segment, with a focus on optimizing its business structure and enhancing operational efficiency [2][4][5]. Group 1: Contract Performance - From January to August 2025, CSCEC signed new contracts totaling 2.88 trillion yuan, representing a year-on-year increase of 1% [2][3]. - The new contracts signed in the construction business amounted to 2.66 trillion yuan, a year-on-year increase of 1.8%, accounting for 92.51% of the total new contracts [2][3]. - The real estate segment saw a contract sales amount of 215.5 billion yuan, reflecting a year-on-year decline of 7.9% [2][3]. Group 2: Financial Performance - In the first half of 2025, CSCEC reported a net profit of 30.4 billion yuan, an increase of 3.24% year-on-year, despite a revenue decline of 3.17% to 1.11 trillion yuan [5]. - The company's total assets reached 3.4 trillion yuan by mid-2025, marking a year-on-year increase of 6.31%, setting a historical high [5][10]. Group 3: Business Structure and Innovation - CSCEC is undergoing significant business structure adjustments, focusing on high-tech industrial plants, municipal engineering, energy projects, and water conservancy works, which has led to improved operational efficiency [5][10]. - The company has invested heavily in research and development, with total R&D expenses exceeding 400 billion yuan annually since 2021, amounting to 1.987 trillion yuan over four and a half years [9][10]. - As of mid-2025, CSCEC holds 255 high-tech enterprises and has 70,900 effective patents, including 12,000 invention patents, indicating a strong emphasis on innovation [10]. Group 4: Market Position and Recognition - CSCEC ranks 16th on the 2025 Fortune Global 500 list and 4th on the China 500 list, showcasing its significant market position [8]. - The company has been consistently included in major indices such as the CSI 50, SSE 50, and FTSE China A50, reflecting its strong brand value and market influence [8].

Core Points - The board of directors of China State Construction Engineering Corporation held its 21st meeting on September 12, 2025, where several resolutions were passed [1][7] - The board unanimously approved the adjustment of relevant departments at the headquarters [1][4] - The board also approved the resolution regarding Wu Bingqi no longer serving as the Vice President and General Counsel of the company [3][4] Group 1 - The meeting was conducted with all seven directors participating and voting, resulting in 7 votes in favor, 0 against, and 0 abstentions [2][5] - Wu Bingqi's departure from the company will take effect immediately upon the board's approval, and he will no longer hold any position within the company [8] - The company expressed gratitude for Wu Bingqi's diligent work and contributions during his tenure [8] Group 2 - The company announced its operational performance for the first eight months of 2025, indicating that the data provided is subject to uncertainties and may differ from regular reports [9][10] - The announcement aims to keep investors informed about the company's performance [9]