STEP | Ranked 47th among Shanghai’s Top 100 Manufacturing Enterprises
2019-08-21
Shanghai Top 100 Enterprises Released
The 2019 Shanghai Top 100 Enterprises Press Conference was held in Shanghai on August 19. During the conference, the lists of the 2019 Shanghai Top 100 Enterprises, the 2019 Shanghai Top 100 Manufacturing Enterprises, the 2019 Shanghai Top 100 Service Enterprises, the 2019 Shanghai Top 100 Private Enterprises, the 2019 Shanghai Top 100 Private Manufacturing Enterprises, the 2019 Shanghai Top 100 Private Service Enterprises, and the 2019 Shanghai Top 50 Growing Enterprises were released.
The top three companies on the 2019 Shanghai Top 100 Enterprises list are: SAIC Motor, Baowu Steel, and Bank of Communications. The top three companies on the 2019 Shanghai Top 100 Manufacturing Enterprises list are: SAIC Motor, Baowu Steel, and Yihai Kerry. The top three companies on the 2019 Shanghai Top 100 Private Enterprises list are: Vanke Shanghai, Fosun International, and Shanghai Steel Union.
STEP Listed on Three Rankings
Shanghai STEP Electric Co., Ltd. was listed on three prestigious rankings for 2019: the Top 100 Manufacturing Enterprises in Shanghai, the Top 100 Private Enterprises in Shanghai, and the Top 100 Private Manufacturing Enterprises in Shanghai. Its respective rankings were: 47th, 69th, and 26th.
Top 100 Manufacturing Enterprises in Shanghai | No. 47
Top 100 Private Enterprises in Shanghai | No. 69
Top 100 Private Manufacturing Enterprises in Shanghai | No. 26
Characteristics of Shanghai’s Top 100 Enterprises
The ranking is based on companies’ 2018 operating revenues as the entry criterion. In 2018, the top 100 Shanghai enterprises achieved a record-high operating revenue of 6,908.1 billion yuan, representing a year-on-year increase of 13.29%. Among them, 21 enterprises had operating revenues exceeding 100 billion yuan (including 3 private enterprises)—the highest number of enterprises with revenues surpassing 100 billion yuan since the release of the Top 100 Enterprises list, an increase of 5 enterprises compared to last year’s 16 (including 2 private enterprises). The total net profits of the top 100 enterprises amounted to 443.34 billion yuan, up 11.37% year-on-year. The entry threshold for the Top 100 has risen from 4.99 billion yuan last year to 5.96 billion yuan this year. This year, seven additional Shanghai-based enterprises made it onto the Fortune Global 500 list, and their overall ranking improved compared to the previous year.
Among the top 100 manufacturing enterprises in Shanghai, the total operating revenue in 2018 reached 2,896.95 billion yuan, with a growth rate of 8.48%. Among them, nine companies had revenues exceeding 100 billion yuan, 14 companies had revenues between 10 billion and 100 billion yuan, and the remaining 77 companies had revenues below 10 billion yuan. The company with the highest revenue was SAIC Motor Group, reaching 902.2 billion yuan, followed by Baowu Steel Group with 438.6 billion yuan and Wilmar International with 167.1 billion yuan.
Among Shanghai’s top 100 private enterprises, operating revenue reached 1,390.2 billion yuan in 2018, an increase of 27.90%; net profit came to 107.7 billion yuan, up 14.09%; and total tax payments amounted to 65.9 billion yuan, representing a growth of 15.08%. The growth rate of the top 100 private enterprises significantly outpaced that of Shanghai’s overall top 100 companies, underscoring the continued robust vitality of the private sector economy.
The ranking shows that leading enterprises in the emerging service sector are growing rapidly, posting strong revenue growth and making significant contributions to stable employment. In 2018, Hu Cheng Information Technology (Shanghai) Co., Ltd. (Meituan Dianping) achieved an operating revenue of 65.2 billion yuan, with a growth rate of 92.25%. Its employee headcount reached 59,300, representing a growth rate of 45.82%. With its substantial business scale, the company has become a leader in the lifestyle services e-commerce platform industry. The massive scale of lifestyle services has created as many as 2.7 million delivery rider jobs.
Four new logistics companies—YTO Express, Deppon Logistics, ZTO Express, and STO Express—achieved operating revenues of 85.11 billion yuan, representing a growth rate of 28.85%. Their net profits reached 9.08 billion yuan, with a growth rate of 35.05%. While both operating revenues and net profits posted robust growth, these companies also hired 184,000 employees, accounting for as much as 9.04% of the total workforce among Shanghai’s top 100 enterprises, and have generated employment for millions of people.
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