The top 500 Chinese enterprises are selected by the China Entrepreneurs Association and the China Enterprise Confederation after strict screening in accordance with international standards. The function of selection is to increase employment, financial and tax contributions, and adjust and reorganize. The significance of the selection is to commend the enterprise for its contribution to national development, and also to let the general public understand the culture and structure of the enterprise to achieve the role of publicity. It is also to better supervise the progress of the companies on the list. The 2020 China's Top 500 Enterprises Conference will be held in Zhengzhou City, Henan Province on September 8. The list was announced by Mr. Wang Jiming, Academician of Chinese Engineering and Vice President of the China Enterprise Confederation. This meeting was co-organized by Chinese Entrepreneurs and the China Enterprise Confederation. In this list, Sinopec, PetroChina and State Grid ranked among the top three. Its revenue has reached tens of billions of yuan. This time, the total R&D technology expenses among the top 500 companies reached 1.0754 billion yuan, with Huawei ranking first with 131.5 billion yuan. In terms of patents, there are as many as 76,500 inventions, ranking first. Huawei ranks 11th in the overall ranking. Ranked first among private enterprises in terms of revenue.
In this conference, the private enterprise Huawei was selected as the first place. As a 5G operator, Huawei has stolen the limelight internationally. Its consumer products, Huawei products, cloud, communications, etc. are distributed all over the world. It is also a leader in the 5g era. In 2020, the revenue of private enterprises exceeded the 800 billion mark. It has topped the list of private companies for five consecutive years. Huawei relies on technology as its banner and serves more than 170 countries. According to incomplete statistics, its products and technologies currently serve one-third of the world's population. Now it is breaking through the monopoly of chips and operating systems. Make your own technology. In 2020, Huawei is not only the number one private enterprise in China, but also the 49th among the world's top 500 enterprises.
As a local enterprise in China, Huawei continues to convey Chinese culture internationally, which can be said to be a great achievement for its hard work. The technology developed by Huawei not only disrupts foreign monopolies but also makes China's backbone stand taller. In the 5g era. I believe Huawei can move to the next level. Bless Huawei.
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