2023 Top 500 Chinese Enterprises Released 30 Textile Related Enterprises

China Enterprise Confederation and China Entrepreneur Association recently released the list of "2023 Top 500 Chinese Enterprises", and 30 textile related enterprises were listed.

The threshold for China's top 500 enterprises to be shortlisted has been raised year after year. In the list, the operating income of enterprises in 2022 is taken as the criteria for shortlisting, and the threshold for shortlisting is 46.998 billion yuan, an increase of 2.373 billion yuan over the previous year; The threshold for the top 500 enterprises in the manufacturing industry and the top 500 enterprises in the service industry reached 16.55 billion yuan and 7.823 billion yuan, respectively, an increase of 1.772 billion yuan and 914 million yuan over the previous year.

The list also shows that for the first time this year, more than 50% of the 100 billion enterprises have been shortlisted. It is worth noting that the 2023 Top 500 Chinese Enterprises have invested 1578.688 billion yuan in R&D expenditure, an increase of more than 130 billion yuan over the previous year, or more than 9%.

Among the 30 textile related enterprises among the top 500 Chinese enterprises, Hengli Group Co., Ltd. ranked 36th with a revenue of 611.757 billion yuan, Zhejiang Rongsheng Holding Group Co., Ltd. ranked 40th with a revenue of 579.618 billion yuan, and Shandong Weiqiao Venture Group Co., Ltd. ranked 53rd with a revenue of 503.988 billion yuan.

This year's listed enterprises generally continued to improve their R&D investment and intensity. In 2023, the total R&D expenditure of the top 500 Chinese manufacturing enterprises reached 1096.215 billion yuan, up 3.83% over the previous year. The quality of innovation achievements improved significantly, with the number of patents reaching 1.4384 million, an increase of 133900 over the previous year, or 10.27%; The number of invention patents reached 644100, an overall increase of 69200 over the previous year, or 12.04%; The quality of patents has steadily improved, and the proportion of invention patents has reached 44.78%.

From the perspective of different industries, the average R&D expenses of aerospace, communication equipment manufacturing, rail transit equipment manufacturing, textile printing and dyeing and other industries rank top.

The pace of strategic emerging business development accelerated. Among the top 500 manufacturing enterprises in China in 2023, the top five growth rates of the industry's average operating income are: power and energy storage batteries, wind and solar energy equipment manufacturing, medical equipment manufacturing, computer and office equipment and chemical fiber manufacturing, of which the top three have growth rates of more than 45%.