77 Chinese Machinery Enterprises Named as Top 500 Machinery Companies in the World

In 2010, the "China Machinery 500 Research Report" and "World Machinery 500" conference was held on July 30th at the Great Hall of the People in Beijing. Among them, FAW, SAIC, and Dongfeng were ranked in the "China Machinery 500 Research Report". The top three. At the same time, among the "World Machinery 500" released in 2010, 77 Chinese machinery companies were selected. The event was sponsored by the China National Association of Machinery Industry Enterprise Management Association, the Institute of Mechanical Industry Economic Management and the World Managers Group.
The “China Machinery 500 Research Report” still adopts the Corporate Competitiveness Evaluation Model (CVA) designed by the World Company Lab according to international conventions. The company’s sales revenue, total profit, asset profit rate, and growth rate Such data, combined with industry differences, reputation index and other factors for comprehensive analysis and research. The World Business Laboratory (WCL) is a research institution for industrial policy, corporate management and competitive strategy under the umbrella of the World Executive Group, chaired by Prof. Robert Mundell, the Nobel Prize winner in economics.

Sun Bohuai, chairman of the China National Machinery Industry Enterprise Management Association, issued a report saying that it came from the general equipment manufacturing, transportation equipment manufacturing, electrical machinery and equipment manufacturing, special equipment manufacturing, instrumentation and cultural office machinery manufacturing, metal products, integrated In addition, 500 companies from seven industries were selected, of which the most popular was the general equipment manufacturing industry, with a total of 147 companies, which accounted for 29.40% of the Top 500; and a total of 122 companies in the transportation equipment manufacturing industry, accounting for 24.40%. There are 120 electrical machinery and equipment manufacturing companies, accounting for 24.00% of the top 500 companies. Among them, Sany Group, Dongfang Electric, China Coal Equipment and Jiangling Motors have become the best performers of the year.

According to the data from the World Enterprise Laboratory Survey, the sales revenue of products of the "China Top 500 Machinery Enterprises" in 2010 totaled 4.5622258 trillion yuan, an increase of 15.21% over the previous year; the total profit was 334.543 billion yuan, an increase of 16.35% over the previous year. It can be seen that the Chinese machinery industry has continued to develop steadily after experiencing the global financial crisis, and its economic benefits have been steadily rising. Whether it is from sales revenue or total profit is better than the previous year. In particular, 11 of the top 20 companies are in the automotive manufacturing industry; 21 of the top 50 are automobile manufacturers. Although affected by the global financial crisis, the number of auto companies in the top 500 companies has declined slightly, but the auto industry’s contribution to the machinery industry and even to the national economy is still very large.

Yuan Haodong, president of the World Executive Group, believes that "the world's machinery 500" is the world's first comprehensive comparison of the world's machinery companies. This year, a total of 77 companies were selected in China, of which the top three companies in the mainland are SAIC Motor Corporation, FAW Group, and Dongfeng Motor, ranking 28th, 36th, and 42nd respectively. Most companies are ranked after 300. Judging from the total number of companies selected, the United States returned to the top with 126 companies selected, while Japan retreated to second place with 124 and China ranked third. Germany, France and South Korea ranked fourth to sixth respectively.

The 2010 “China Machinery 500 Research Report” is the eighth since the first release in 2003. The unbalanced development of China’s economy determines the unbalanced development of China's machinery industry. It also determines the geographical imbalance of the top 500 machinery companies. Apart from Tibet and Guizhou, there are 29 provinces, autonomous regions, and Mechanical enterprises in municipalities entered the top 500. The top four provinces and cities are Zhejiang, Jiangsu, Shanghai, and Shandong, and 254 companies are located in East China, accounting for 50.80% of the top 500. Among them, 74 companies are selected in Zhejiang, and 70 enterprises in Jiangsu are selected, while Shanghai In Shandong, 41 companies and 36 companies were selected.