In the recent 2012 Top 500 Enterprises of China Release Conference & China Corporation Summit, China Enterprise Confederation/China Enterprise Directors Association (CEC/CEDA) released the list of “2012 Top 500 Enterprises of China”. FREP ranks 179th with an annual operation revenue of RMB58,428,510,000Yuan. 9 Fujian enterprises were listed, of which, Industrial Bank Co., Ltd. ranks 95th, being the only Fujian enterprise among the Top 100 Enterprises of China.

In this list, 310 are state-owned and state-controlled enterprises, harvesting the first 45 places out of the 500, among which, Sinopec, CNPC and State Grid take up the top three.

The statistical data made by the research group of CEC/CEDA show that, among the 2012 Top 500 Enterprises of China, state-owned enterprises, with a total assets of RMB 116.7 trillion, achieve an operation revenue of RMB 36.8 trillion, a year-on-year increase of 22.21%, and a total net profit of RMB 2.1 trillion, a year-on-year increase of 22.81%; private enterprises, with a total assets of RMB 13.43 trillion, achieve an operation revenue of RMB 8.14 trillion, a year-on-year increase of 30.4%, and total net profit of RMB 0.3 trillion, a year-on-year decrease of 8.96%.

According to the introduction, among the 2012 Top 500 Enterprises of China, 70 are 2012 Fortune 500, which exceeded Japan in number for the first time. The data also shows that the Top 500 Enterprises of China decrease in profitability. The total operation revenue is RMB 44.9 trillion, a year-on-year increase of 23.6%; however, the profit ratio is 4.7%, which is 1.07% lower than that of last year.

The Fujian enterprises among the 2012 Top 500 Enterprises of China also include Xiamen C&D Corporation Limited (133rd), Xiamen ITG Group Corp., Ltd. (161st), Zijin Mining Group Co., Ltd. (241st), Fujian Sangang Group Co., Ltd. (336th), and Fujian Energy Group Co., Ltd. (380th).