The operating income of these seven private enterprises exceeds 200 billion yuan. Why are they not rich, but small businesses are rich?

Text | Longxi

Source | Business Legend

Recently released two lists, one is the just released 2020 Hurun Report; The other is the 2020 Top 500 Private Enterprises in China released earlier.

It's interesting to watch together, but I can't understand some places.

According to the common sense of ordinary people, to be rich, the enterprise should be big, and the bigger the enterprise, the more wealth the boss has; On the other hand, giant enterprises, or private enterprises, should be rich.

But the facts are somewhat different from common sense.

According to the top 500 private enterprises in China in 2020, there are exactly 20 enterprises with operating income exceeding 200 billion yuan in 2065438+2009, ranking in the top 20.

Many of these enterprises are well-known enterprises, and their founders are also super-rich people who often rank among the top in various rich lists, such as Xu Jiayin of Evergrande and Yang of Country Garden, all of whom were the richest people in China.

But there are also some enterprises, no one is on the rich list, or the people who are on the list have little wealth.

For example, Vanke has been one of the largest real estate enterprises in China for more than 20 years, with an operating income of nearly 370 billion yuan in 20 19, and no one is on the list; Legend Holdings' operating income is nearly 390 billion yuan, and only Yang is on the list with a wealth of 4 billion yuan. He is the chairman of Lenovo Group. The operating income of Zhejiang Hengyi Group is 2 152 billion yuan, and the wealth of Qiu Jianlin and other three people on the list is only 7 10 billion yuan.

None of these three companies are on the list, or the wealth of those who are on the list is less than 654.38+0 billion yuan, which seems out of proportion to the scale of the enterprises.

There are also many big MAC companies, and the people on the list are not rich.

The most typical one is Huawei, which ranks first among the top 500 private enterprises. Its operating income is as high as 858.8 billion yuan, with only 1 person on the list and wealth1800 million yuan.

Jiangsu Zhongnan Holding Group has an operating income of more than 280 billion yuan, while Chen Jinshi family fortune has only 654.38+04 billion yuan; Zhejiang Qingshan Holding Group has an operating income of more than 260 billion yuan, with four people on the list, with the highest Xiangguang reaching 2 1 500 million yuan, three others,1person, 5.8 billion yuan, and two others, more than 2 billion yuan. The wealth of Lin Tengjiao of Fujian Sunshine Longjing Group is 654.38+0.5 billion yuan.

The above seven enterprises rank in the top 20 among the top 500 private enterprises, but their wealth is above 300 in the rich list.

You can look at these enterprises, some of which are quite scattered, such as Huawei, Vanke and Legend Holdings. And the number of individual stocks is small; Some are not listed, and there are many such enterprises, such as Sunshine Longjing, Qingshan Holdings and Zhongnan Holdings. Some companies have both, such as Huawei.

Without listing, it is difficult for wealth to explode. Coupled with the decentralization of equity, the boss can reflect less wealth.

In addition, it can be seen from the industries in which these enterprises are located that, except Vanke and Huawei, most other enterprises belong to traditional industries, such as Qingshan Holdings is the steel industry, Zhongnan Holdings is the construction industry, Zhejiang Hengyi is the chemical fiber industry, and Sunshine Longjing is a diversified enterprise.

Lenovo is actually an exception. IT is the oldest IT enterprise in China, but it has been criticized in recent years. It is believed that its decades-long "trade technology" strategy has made it a trading enterprise that assembles computers. The operating income of enterprises is not low, but the market value of listed companies is not high. Legend Holdings and Lenovo Group listed on the Hong Kong Stock Exchange have market capitalization of HK$ 25.824 billion and HK$ 59.834 billion respectively, with a total market capitalization of only RMB 74 billion.

However, Lu Zhiqiang, the founder of Oceanwide, one of Lenovo's largest shareholders, has a wealth of 62 billion yuan.

Zhang He of Suning and Wang He of International have a lot of wealth, all exceeding 654.38+000 billion yuan, but only ranked more than 30 on the rich list. Among the top 500 private enterprises in China, Suning and Kevin·Z ranked second and second respectively, with operating income exceeding 640 billion yuan and 665.438+000 billion yuan respectively. Corresponding to the size of the enterprise, their wealth is not high.

Contrary to these large enterprises, some enterprises are small in scale but rich.

For example, among the super-rich who are regarded as the top of the treasure list, Zhong Huijuan of Hansen Pharmaceutical, Jiang Rensheng of zhifei Bio, Xu Hang and Li Xiting of Mindray Medical, Sun Piaoyang of Hengrui Pharma, Bang Chen of Aier Ophthalmology, etc., all have personal wealth exceeding 65.438+000 billion yuan, but some of their enterprises have not exceeded 65.438+000 billion yuan, such as Hansen Pharmaceutical and Aier Ophthalmology, and zhifei Bio has just exceeded 65.433.

The operating income for many years has just exceeded 30 billion yuan, and the wealth of Huang Zheng has reached 220 billion yuan.

What is more exaggerated is that these two companies, one is Nongfu Spring and the other is Wan Tai Bio. The total operating income of the two listed companies is less than 25 billion yuan, but the wealth of Zhong Shanshan is 365 billion yuan. The other is Haitian Ye Wei, whose business income is less than 20 billion yuan, but there are 27 people on the list. Together with Ali, it has become the enterprise with the largest number of people on the list, of which Pangkang wealth has reached 654.38+09.5 billion yuan.

Large enterprises, no big wealth; Small businesses have money. what do you think?