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2020 Shanghai Top 100 Enterprises Released | STEP Ranks 50th Among Shanghai’s Manufacturing Enterprises

2020-09-01

2020 Shanghai Top 100 Enterprises Released | STEP Ranks 50th Among Shanghai’s Manufacturing Enterprises

On August 18, the “2020 Shanghai Top 100 Enterprises Press Conference,” jointly hosted by the Shanghai Enterprise Federation, the Shanghai Entrepreneurs Association, the Shanghai Economic Organizations Federation, and the Liberation Daily, was solemnly held in the Shanghai Hall of the China Financial Information Center. Nearly 300 people, including representatives from the Shanghai Enterprise Federation, the Shanghai Economic Organizations Federation, and the Shanghai Top 100 Enterprises, attended the conference.

 

 

The conference released rankings including the Top 100 Shanghai Enterprises 2020, the Top 100 Shanghai Manufacturing Enterprises, the Top 100 Shanghai Service Enterprises, the Top 100 Shanghai Private Enterprises, and the Top 100 Shanghai Private Manufacturing Enterprises.


The top three companies among Shanghai’s Top 100 Manufacturing Enterprises are: Shanghai Automotive Industry Corporation, China Baowu Steel Group Co., Ltd., and Shanghai Pharmaceuticals Holding Co., Ltd. The top three companies among Shanghai’s Top 100 Private Enterprises are: Shanghai Vanke Enterprise Co., Ltd., Fosun International Limited, and Shanghai Steel Union E-Commerce Co., Ltd. The top three companies among Shanghai’s Top 100 Private Manufacturing Enterprises are: Fosun International Limited, Wanfeng Jin Yuan Holdings Co., Ltd., and Aosheng Group Co., Ltd. STEP has simultaneously made it onto all three of these lists.


Shanghai STEP Electric Co., Ltd. Ranking
Top 100 Manufacturing Enterprises in Shanghai – 50th Place
Top 100 Private Enterprises in Shanghai, Ranked 75th
Top 100 Private Manufacturing Enterprises in Shanghai – No. 26

 

 

According to statistics, the total operating revenue of Shanghai’s top 100 manufacturing companies reached 3,074.98 billion yuan in 2019, an increase of 97.83 billion yuan, representing a growth rate of 3.29%. Among them, nine companies had revenues exceeding 100 billion yuan. The combined net profit of the top 100 manufacturing companies totaled 153.46 billion yuan, down by 14.03 billion yuan, with a growth rate of -8.38%. The total assets of these companies amounted to 4,534.11 billion yuan, up by 371.18 billion yuan, representing a growth rate of 8.92%. The total tax payments by these companies totaled 277.53 billion yuan, a decrease of 4.35 billion yuan from the previous year, with a growth rate of -1.54%. Overall, the top 100 manufacturing companies saw steady growth in both operating revenue and total assets, while their net profits and total tax payments experienced a slight decline.

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