- CNTV English - CCTV News

Profits of China's top 500 firms surge

09-06-2010 13:56 BJT

Watch Video

Play Video

The profits of China's top 500 companies increased by nearly 25 percent compared with that in 2009. That's according to a ranking report released by China Enterprise Confederation and China Enterprise Directors Association. The profits are also more than 9 percent higher than that in 2008.

The lowest income of the last ranking company on the list is more than 11 billion yuan. That's 540 million yuan higher than last year. Sinopac, National Grid and PetroChina are the top three on the list. Data shows that profitability has been rebounding.

Li Jianming, Deputy Director-General of China Enterprise Confederation said "Chinese enterprises are developing the domestic market. Auto and home appliances are going to the countryside. So, there are more of those companies on the list."

Though overall profitability has improved, the make-up has changed. Some firms previously on the list have dropped off, while companies from new industries have entered the running.

Chang Dechuan, Chairman of Qingdao Port Group said "I think more port companies and ship companies will enter the list."

Analysts say technology innovation is crucial for companies.

He Zhenlin, Vice President of Sany Group said "The most important factor for a company is technology innovation. Companies can improve its brand reputation, customer loyalty and profitability."

But some of the listed companies are facing quite a different picture - that is deficit.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program