The 2020 Fortune China 500 list was released today.
Data show that the total operating income of the 500 Chinese listed companies on the list this year reached 50.5 trillion yuan (RMB), an increase of 11% from last year; the net profit reached 4.2 trillion yuan, an increase of 16% from last year. %. Last year, China's GDP was 99.1 trillion yuan, which means that the total revenue of the 500 listed companies on the list exceeded half of last year's GDP.
At the same time, the net profit margin level of the list has also increased from 8.0% last year to 8.4% this year, driven by factors such as the stabilization of the macroeconomic environment and the slight easing of Sino-US trade frictions.
The top three companies on this year’s list have not changed. The top companies on the list are: Sinopec, PetroChina and China Construction. Ping An ranks fourth and remains the first among non-state-owned enterprises. The rankings of two privately listed "Internet services and retail" companies, JD.com and Alibaba, have both improved, with JD.com rising to 13th and Alibaba ranking 18th.
Looking at it as a whole, the rankings in the automobile industry are not much different from those in previous years: there are 23 companies in the automobile and spare parts industry on the list, and Shanghai Automotive Group Co., Ltd. joins hands with Beijing Automobile Co., Ltd. and Weichai Power Co., Ltd. ranked among the top three. Subsequently, seven companies including BYD, Dongfeng, Geely, Great Wall, Changan, China National Heavy Duty Truck (Hong Kong) Co., Ltd. and Ningbo Joysheng Electronics Co., Ltd. entered the top ten.
Among the top three on the list, BAIC and Weichai, which ranked second and third, have seen an increase in revenue and relatively stable performance. Despite the cold winter, BAIC performed strongly with the support of the Mercedes-Benz brand, ranking 61st overall, 4 places higher than in 2019.
As the leader in the automobile industry, SAIC Group ranked 7th in the overall list this year, down 2 places from last year. Its operating income also dropped from 902.19 billion yuan last year to 843.32 billion yuan, which is not even as good as the level in 2018.
Over the past year or so, several major sectors have gradually become weak, and there are many doubts about SAIC in the market. The Passat collision incident is undoubtedly a flashpoint, which has directly led to the Passat's failure in the domestic B-class car market. Evergreen's status began to waver, and the group's sales situation was like riding a "jumping machine."
SAIC Group’s production and sales fell more seriously in the first half of this year, and its net profit attributable to the parent company in the first quarter fell by 86.4% year-on-year. In the subsequent second quarter, except for May, which was stimulated by the "May 5th Car Buying Festival", the performance failed to improve. Production and sales in April fell by more than 40% year-on-year, in May by more than 30% year-on-year, and in June by another 30% year-on-year. From January to June this year, cumulative sales were 2.049 million units, a year-on-year decrease of 30.2%.
Fortunately, policies are being issued, the epidemic has dissipated, and the market is gradually getting better. I still hope that as the industry leader, SAIC Motor can solve the problem, regain the energy and energy of 7 million vehicles, and lead the automotive industry out of the haze.
In addition, BYD’s new energy sales fell in 2019 due to the impact of new energy subsidies. Ranked 80th in the 2020 Top 500 rankings, 10 places lower than in 2019; Great Wall Motors and Geely Automobile fell out of the top 100, ranking 103rd and 104th respectively, and Guangzhou Automobile Group's ranking also dropped from 125th to 175th. name.
While there are many car companies on the list but not strong ones, CATL’s ranking has improved by leaps and bounds, further consolidating its position. As a leading battery company, CATL performed extremely well in 2019. It ranked 226th among the top 500 companies in 2020 and moved up 64 places.
CATL, which has been established for only more than 8 years, is indeed a "dark horse" in the automotive power battery industry. After its listing, it first dethroned the leading GEM stock Wen's Co., Ltd. and became the number one stock on the GEM. Then it seized BYD's "throne" in the lithium battery sector and became the number one lithium battery stock in 2018 with a market value of over 200 billion yuan. Its domestic battery market share accounts for 40%, twice as much as BYD.
In the past year, from the time Toyota signed a large power battery order with CATL and BYD for the first time, to Volkswagen joining hands with them, and then to Geely establishing a joint venture with CATL, CATL’s presence has been very strong. Its market performance is so amazing that it can be described as "wow". In comparison, the sound of BYD's battery business seems to be lacking.
In terms of parts and components, Joyson Electronics, Fuyao Glass, Nexteer Automotive Service Systems, Jifeng Automotive Parts, etc. have all entered the top 500. Among them, Joyson Electronics has stabilized its development momentum over the past two years, ranking 168th, with revenue of 61.70 billion yuan.
Since acquiring Japan’s Takata major assets in 2018, Joyson Electronics has formed two major business segments: automotive safety systems and automotive electronic systems, with sales revenue that year reaching 56.18 billion yuan. At present, Joyson Electronics, which focuses on the fields of intelligent driving and automotive electronics, has complete hardware design, software development and data processing capabilities. It has R&D centers in Asia, Europe and the Americas, with a total of more than 5,000 engineering and R&D personnel. With over 5,000 patents, its strength cannot be underestimated.
Whether it is a vehicle company, a parts company or a battery company, being on the list is an honor, a role model, and an inspiring driving force to drive industry progress; Whether brands continue to make breakthroughs or experience declines in performance, it seems to be a thing of the past now, and all companies need to do is start with the list, pack their bags and start again.
In the new situation where the market environment is constantly changing and industry competition is intensifying, automobile companies can only remain invincible by continuously practicing comprehensively and improving their own strength. We also look forward to seeing more automotive companies on the list and achieving better development on the road to improving quality and efficiency.
Text/Li Sijia
-------------------------------- ------------------------------------------------
WeChat Search "Automobile Commune" and "One Sentence Dianping" to follow the WeChat official account, or log in to the "Daily Auto" news network to learn more industry information.
This article comes from the author of Autohome Chejiahao and does not represent the views and positions of Autohome.