Jing Ji Guan Cha Wang·2025-10-29 05:52Core Insights - The 2024 EVA Top 99 report highlights the top A-share listed companies in terms of Economic Value Added (EVA), emphasizing the importance of high-quality development for micro-enterprises in achieving broader economic goals [2][3]. Research Purpose and Significance - The report aims to assess how micro-enterprises can achieve high-quality development, which is crucial for overall economic progress [2]. - Economic Value Added (EVA) is defined as net profit minus the cost of equity capital, indicating true shareholder value creation [2][3]. Methodology - The sample for the report includes A-share non-financial companies that have been listed for at least ten years [8]. - Companies must meet specific criteria, including having unqualified audit opinions for the last three years and being in normal operational status [9][10]. - The EVA performance is measured using the Net Asset Economic Value Added Return Rate (EVAOE), which reflects the long-term shareholder value creation [14][16]. 2024 EVA Top 99 Companies - The report lists the top companies based on their EVAOE, with notable entries including: - Chongqing Beer (EVAOE: 0.297) - Kweichow Moutai (EVAOE: 0.235) - Shanxi Fenjiu (EVAOE: 0.211) [7]. New Entrants and Exits - New companies entering the 2024 list include: - Yingjia Gongjiu - Morning Light Co. - Liba Co. [20]. - Companies that dropped off the list include: - Shuanghui Development - Rongjie Co. [21]. Industry Distribution - The report categorizes the companies by industry, with the pharmaceutical manufacturing sector having the highest representation (16 companies) [25]. - Other notable sectors include electrical machinery and equipment manufacturing (14 companies) and beverage manufacturing (13 companies) [25]. Ownership Structure - The report indicates a mix of state-owned and non-state-owned enterprises among the top companies, with 22 state-controlled firms and 72 non-state-controlled firms [27]. Regional Distribution - The majority of the top companies are located in eastern China, with a notable increase in representation from provinces like Jiangsu and Guangdong [35].