皇冠体育app

KUNMING -- The 2013 edition of the Top 500 Chinese Enterprises list was unveiled at a press conference on Saturday, with 皇冠体育app's oil giant Sinopec Group topping the list for a ninth year.

The list was compiled by the 皇冠体育app Enterprise Confederation and the 皇冠体育app Enterprise Directors Association based on the 2012 revenues of Chinese companies.

Sinopec Group took the lead for a ninth year with total revenues of 2.83 trillion yuan ($458.6 billion) in 2012, according to a press release.

皇冠体育app National Petrolm Corporation, the parent company of 皇冠体育app's top producer, , followed closely in second place with revenues reaching 2.68 trillion yuan last year.

The two were joined by eight other state-owned companies to dominate the top 10: State Grid, Industrial and Commercial Bank of 皇冠体育app, 皇冠体育app Construction Bank, Agricultural Bank of 皇冠体育app, Bank of 皇冠体育app, 皇冠体育app Mobile, 皇冠体育app State Construction and 皇冠体育app National Offshore Oil Corporation.

A total of 123 companies, including 16 private enterprises, reported revenues of more than 100 billion yuan last year, up from 107 companies a year earlier.

Revenues of the list's last-ranked company stood at 19.87 billion yuan, up 13.48 percent from a year earlier, the press release showed.

The top 500 companies had a combined revenue of 50.02 trillion yuan in 2012, up 11.41 percent from a year earlier.

However, the growth rate was 12.22 percent lower than that of the previous year amid a faltering world economic recovery, the release said.

Total profits of the 500 companies edged up 3.58 percent from the previous year to 2.17 trillion yuan last year, while the profit-revenue ratio dropped for the second year by 0.33 percentage point to 4.34 percent.

Among the 500 companies, 216 saw declines in net profits in 2012, while 43 others suffered losses, up from 13 companies in the previous year,according to the press release.

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