Two major listed companies rose steadily in the 2013 China Top 500.
Category:Xin Xing Ji Hua News
Add time:2013-07-19
Caifu.com released the 2013 Top 500 Chinese Listed Companies ranking on July 16, 2013, Beijing time. Two major listed companies, XinXing Casting and JiHua Group, which account for approximately 80% of the group's personnel and assets, showed steady growth. XinXing Casting ranked 88th with an operating revenue of 58.816 billion yuan and a profit of 12.66 billion yuan, climbing two places. JiHua Group ranked 183rd with an operating revenue of 26.486 billion yuan and a profit of 8.36 billion yuan, climbing 26 places.
The Top 500 Chinese Listed Companies ranking is composed of the 500 largest companies in terms of operating scale among listed Chinese companies (including companies listed on the Shanghai and Shenzhen Stock Exchanges, as well as overseas-listed companies whose main business is in mainland China). The purpose is to more comprehensively reflect the Chinese economy. It can be said that the Top 500 Chinese Companies ranking is an annual inventory list of listed Chinese companies. Sinopec and PetroChina maintained their first and second places respectively, while China Construction replaced China Mobile as the third largest company. This year, the threshold for inclusion in the Top 500 continued to rise to 72.5 billion yuan. The four major banks became the most profitable companies among the Top 500.
This year, the total revenue of the 500 listed companies reached 26.18 trillion yuan, and the total profit reached 2.17 trillion yuan. From the perspective of the price-to-earnings ratio, the overall valuation of the Top 500 companies continued to decline this year, with a total price-to-earnings ratio of only 11.4, compared to 21.2, 13.5, and 12.2 in the previous three years. The continued decline in the price-to-earnings ratio indicates that the Chinese capital market is becoming increasingly mature, with price-to-earnings ratios of 50-60 times no longer being the mainstream. The valuation level of large listed companies, such as those represented by the Top 500, has become basically consistent with international valuation levels.
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