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Henan first released the top 100 private enterprises, the Yellow River Industry ranked seventh
On November 26, the Henan Provincial Federation of Industry and Commerce released the list of the top 100 private enterprises in the province for 2013. Among them, Huanghe Industrial, a leading company in the super-hard materials sector in China, ranked seventh, securing a spot within the top ten. This achievement highlights the company's strong market position and its significant contribution to the local economy.
The ranking includes details such as the company names, their serial numbers, and operating revenues (in hundreds of millions of yuan). The top companies include Jinlong Precision Copper Tube Group Co., Ltd. at first place with revenue of 31.817 billion yuan, followed by Zhengzhou Yutong Group Co., Ltd. at second with 23.755 billion yuan. Other notable companies include Henan Yulian Energy Group, Tianrui Group, and Henan United Coal Chemical Industry Group. At number seven, Huanghe Industrial reported a revenue of 12.139 billion yuan, showcasing its impressive performance.
In 2012, there were 13 private enterprises in Henan with revenues exceeding 10 billion yuan. The overall scale of these enterprises continued to grow, with more than 300,000 people employed. However, profitability declined during this period, signaling challenges in maintaining profit margins despite growth in revenue.
According to Li Zhen, vice chairman of the Henan Provincial Federation of Industry and Commerce, the threshold for entering the top 100 private enterprises increased to 905 million yuan in 2013, up from 501 million yuan the previous year. The number of enterprises with revenues over 10 billion yuan rose from 10 to 13, while those with revenues between 1 billion and 5 billion yuan increased from 59 to 74. He also noted that 84% of the top 100 companies are concentrated in the secondary industry, with manufacturing being the dominant sector.
Labor costs have been rising steadily, becoming a major challenge for private enterprises. Alongside rising raw material prices and difficulties in securing financing, production costs have surged. To attract skilled workers and stay competitive, some companies have raised wages and improved benefits, further increasing labor costs.
Additionally, the shortage of skilled talent, higher capital costs, and financing issues have become key obstacles. Large private enterprises are actively transforming and upgrading, but the lack of professional and management personnel remains a pressing issue.
Profitability has declined significantly despite the rapid expansion of enterprise scale. In 2013, the top 100 private enterprises in Henan achieved a net profit of 19.536 billion yuan, with an average of 195 million yuan per company—down 10.4% from the previous year. Net profit margin dropped from 5.48% to 4.55%, and return on net assets fell from 17.43% to 13.15%.
Geographically, the top 100 enterprises are spread across 18 provinces and cities in Henan, with a concentration in the provincial capital, Zhengzhou, and Nanyang, a larger city. These two areas account for about 30.81% of total revenue and 44.12% of total assets. Other cities like Xinxiang, Xuchang, and Luoyang also have a significant number of top 100 enterprises, while the rest are more evenly distributed.