The 2017 ranking of the Top 500 Chinese Enterprises was jointly unveiled by the China Enterprise Confederation and China Enterprise Directors Association at the Top China Corporations Summit on Sept 10.Anhui Xinhua Distribution Group re-entered the list, moving up by 73 places from 495th in 2016 to this year’s 422th ,being the only cultural enterprise that is placed on the list.
It is reported that a minimum operating income of 28.311billion RMB ,which is a record high,was required for the finalists of 2017 Top 500 Chinese enterprises,a substantial increase of 3.965 billion RMB over the previous year.The total operating revenues of Top 500 Chinese companies exceed 60 trillion yuan for the first time, reaching 64 trillion, which is equivalent to 86% of China's total GDP last year.
In addition, the 2017 list of Chinese Top 500 Service Enterprises was also released on the same day, in which the group was ranked 157th,being the first among China cultural and entertainment enterprises , and second among Anhui enterprises .
Since the "Twelfth Five-Year Plan", the group is implementing comprehensively its strategies of traditional business transition and improving as well as realising driving the business through capital market and entity economy. By concentrating on system innovation, management innovation and business innovation, the group is promoting the optimization of industrial structure, the transformation of main business and the enhancement of comprehensive ability. The group is consistently pushing its operating boundaries and enriching business chains.Five Plus One industry pattern has been gradually formed, in which ,with culture and education as its core,the five sectors ,namely,cultural consumption, education services, modern logistics, integrated trade, cultural real estate ,are developing very fast, and the similar finance is beginning to take shape.
Administrative Management Department
Source of the photo from People’s Daily