Top 500 list of China's petroleum and chemical enterprises 500

                  Column:Industry trends Time:2018-09-01
                  Recently, China's 2008 Top 500 Petroleum and Chemical Enterprises Press Conference and Innovation and Leadership - China's Petroleum and Chemical Enterprises Summit Forum was held in Shanghai...

                  Recently, China's 2008 Top 500 Petroleum and Chemical Enterprises Press Conference and Innovation and Leadership - China's Petroleum and Chemical Enterprises Summit Forum was held in Shanghai, the new year's Top 500 list was unveiled. The total annual sales revenue of listed enterprises accounted for 84.3% of the total industry, and China Petrochemical Group ranked first with sales revenue of 213.504 billion yuan in 2017. China National Petroleum and Natural Gas Corporation, China Offshore Oil Group, China Chemical Group, China Chemical Group and Shaanxi Yanchang Petroleum (Group) Co., Ltd. were ranked second to sixth. The sum of the annual sales revenue of the top 6 enterprises is 53% of the total number of the top 500 enterprises.

                  Speaking of the characteristics and changes of the enterprises listed this year, Wang Shugang, chairman of the China Chemical Enterprise Management Association, pointed out that the top 500 enterprises continued to grow faster than the whole industry this year, reaching "double 80" for the first time, that is, the annual sales revenue of the top 500 companies was 11.62 trillion yuan, accounting for 84.3% of the whole industry, and the sales of the top 100 companies totaled 9616.68 billion yuan. It accounts for more than 80% of the total 500. At the same time, the list changed significantly compared with the previous year. On the one hand, the strong are stronger, the total sales revenue of the top 500 enterprises is 11.62 trillion yuan, of which the top 10 are 6.657 trillion yuan, the growth of large enterprises is accelerating, and the industrial concentration is further improving; on the other hand, due to reorganization, restructuring, relocation and other reasons, this year's list "changed blood" more, about 80 former 500 enterprises are weak. A new list of new businesses will be added.

                  In order to objectively reflect the development of enterprises, the conference also issued for the first time a list of 500 independent manufacturing enterprises, Sinochem Energy Co., Ltd. ranked first.


                  Li Shousheng, president of the China Petroleum and Chemical Industry Federation, pointed out in his written report that the top 500 enterprises are the advanced representatives of China's petroleum and chemical industry. The current international and domestic situation is complex and grim. Sino-US trade frictions highlight the huge gap between the core competitiveness of domestic enterprises and transnational corporations. Therefore, the whole industry should also face up to the gap in innovation "leading" on the premise that the technological innovation ability has been greatly improved, especially the innovation system mechanism with enterprises as the main body has not yet been formed. The whole industry should concentrate on the construction of the core backbone enterprise group, industry leading enterprise group, professional supporting enterprise group and modern service enterprise group, and constantly enhance the core competitiveness of enterprises.

                  China's petroleum and chemical industry development index was issued for the first time to measure the degree of development of the industry. In 2017, the index was 46.75 (the highest was 100), in the middle level, indicating that there is still a gap between China's petroleum and chemical industry and the world-class level. Wang Shugang said: "The index is based on 360 listed companies in the industry as a sample, starting from the economic, social and environmental dimensions, forming 12 indicators system, 38 indicators, calculated by weight. Its significance lies not only in the digital form of the annual industry development quality of intuitive evaluation, more importantly, enterprises can calculate their position in the industry according to the index method, from a comprehensive level to achieve and advanced standards.

                  The conference was organised by the Federation of petrochemical enterprises and China Chemical Industry Management Association, and attended by over 400 people.

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