The total revenue and profits of the 500 companies was reaching 65.8 trillion yuan and 4.7 trillion yuan. The annual revenue threshold for companies on the list is nearly $23.7 billion.

500 Express
China 500 companies list

It is known that the list is compiled by Fortune (Chinese version) in cooperation with CICC, taking into account the performance and achievements of the world’s largest Chinese listed companies in the past year.

The inclusion in the list of Fortune China Top 500 list reflects the recognition of the market and the industry to Yongjin Corp. In the past year, under the complicated industrial situation and great competitive pressure, the company adhered to the work requirements of seeking progress in a steady manner and keeping our feet on the ground, realized safe and steady development, made a series of breakthroughs and landmark achievements, and achieved rapid growth in operating income for three consecutive years, creating the highest record in history, and maintained a strong momentum of development.

In the future, Yongjin will continue to uphold the corporate values of “Unity, Efficiency, Pragmatism, Development”, striving for progress and strength. We will carry on to fulfill the mission of “creating value for customers”. Transform and upgrade our production step by step on the unique road of development!

Yongjin Corp received 39.55 billion yuan of revenue in 2022, included in both lists: taking the 310 spot in the 2023 China 500 Private Companies (63 places up from last year), taking the 210 spot in the 2023 China 500 Manufacturing Private Companies (25 place up from last year).

2023 China 500 Private Companies

2023 China 500 Manufacturing Private Companies

This year is the 25th consecutive research on up-scale private enterprises organized by the All-China Federation of Industry and Commerce (ACFIC), in which a total of 8,961 enterprises with annual operating revenues of 500 million yuan or more participated. In terms of business conditions, the total business revenue of the Top 500 private enterprises in 2023 amounted to 39.83 trillion yuan, an increase of 3.94%. Total assets amounted to 46.31 trillion yuan, an increase of 11.21%. Net profit after tax is 1.64 trillion yuan, a decrease of 4.86%.

In 2022, in front of various unfavorable factors both domestically and internationally, Yongjin Corp complied with the trend of the times and the nature of development, seeking progress in a stable manner, advancing at a steady pace. We met numerous challenges with the greatest efforts to get the best results. Now we are confident to say we have accomplished considerate achievements.