WMC Executive Committee Office released the list of "Top 500 Chinese Manufacturing Companies in 2023" (PHOTO)

2023-09-22 14:33:17

Hefei, China (ots) – The World Manufacturing Convention (WMC) 2023 opened on September 20 in Hefei, Anhui Province, China. During the congress, the list of “Top 500 Chinese Manufacturing Companies in 2023” was released, showing that the operating revenue of the top 500 Chinese manufacturing companies exceeded RMB 50 trillion in 2023 for the first time, reaching RMB 51.06 trillion , which corresponds to an increase of 8.38%.

Heavy chemicals still occupies the leading position among the top 500 manufacturing companies, and four of the five industries with the largest operating revenue belong to heavy chemicals. Meanwhile, the development pace of strategic emerging industries has accelerated, and most of the companies with the highest operating revenue and net profit growth are strategic emerging industries. The five largest average sales growth rates in the industry are from power and energy storage batteries, wind energy, solar equipment manufacturing, medical equipment manufacturing, computer and office equipment manufacturing, and chemical fiber manufacturing, of which the three largest growth rates are more than 45% and 59%, respectively. achieved 72%, 49.42% and 45.54% respectively. According to the analysis of the ranking, the total R&D expenditure of the top 500 Chinese manufacturing companies reached RMB 109.6215 billion in 2023, a year-on-year increase of 3.83%; the R&D intensity was 2.33%, which is at a high level in recent years. The average R&D expenditure of industries such as aerospace, communication equipment manufacturing, railway transportation equipment manufacturing, textile printing and dyeing are prominent from the perspective of various industries.

On the day of the congress, the “2023 Development Report on Anhui Manufacturing” prepared by the Anhui Provincial Department of Economy and Information Technology was also released. The report shows that the average annual growth rate of industrial value added by enterprises over the specified size in Anhui Province was 9.5% from 2012 to 2022, the first in the central region, the first in the Yangtze River Delta and the fourth in all of China was. In 2022, the province’s industrial enterprises above the specified size achieved an operating revenue of RMB 4.9 trillion, ranking 10th in the country. Among them, industrial enterprises above the specified size have achieved operating revenue of RMB 4.4 trillion; the value added of the manufacturing industry has exceeded 1 trillion RMB, accounting for 26.5% of GDP, an increase of 0.3 percentage points year-on-year.

In recent years, Anhui’s manufacturing industry has accelerated the development of integrated clustering, especially the clustering of advanced manufacturing chains has been an unimaginable trend. The top industry is the “automobile” with irresistible power, while PV and energy storage collect “sparkling light” into an angry torch, the IC industry demonstrates its brilliant “core”, the new “displays and screens” are experiencing a rapid boom and that AI “Valley” amazed the world. A number of industrial landmarks have become an important force leading the trend of China’s and even the world’s manufacturing industry.