1. Revenue of China's top 500 service companies in 2010 has slightly increased, and the threshold for being short-listed has been lowered.

Total revenue of China's top 500 service companies in 2010 reached 11.6334 trillion yuan and average revenue hit 23.3 billion yuan, up 4.9 percent from 2009. Total assets of the top 500 in 2010 reached 73.458 trillion yuan, up 23.9 percent from the previous year, while average assets hit 147.5 billion yuan, up 23.6 percent. Owner's equity in 2010 was 8.8947 trillion yuan, up 16.5 percent; average owner's equity is 18.3 billion yuan, up 17.3 percent.

2. There are huge gaps in scale among the top 500 service companies.

State Grid Power Corporation of China (SGCC), the first of the top 500, has assets of 1.8419 trillion yuan and revenue of 1.2603 yuan. At the other end, China Hi-Tech Group Co., Ltd. had assets of 1.3 billion yuan and revenue of 1 billion, accounting for 0.07 percent and 0.08 percent of SGCC, respectively.

While total revenue of the top 10 Chinese service companies reached 4.4835 trillion yuan, the total revenue of the bottom 10 was only 10.2 billion yuan. Total assets of the top 10 was 44.6519 trillion yuan, while total assets of the bottom 10 was 32.4 billion yuan. Compared with the previous year, the gaps in revenue of 2010 China's top 500 service companies have become bigger, but the gaps in assets have become smaller. Details are in Tables 3-1 and 3-2.

Table 3-1. Gaps in scale of the top 10 and bottom 10 in 2010
                                                                                                                         (Unit: billion yuan)

 

 

Table 3-2. Gaps in scale of the top 10 and bottom 10 in 2009
                                                                                                                          (Unit: billion yuan)

 

3. The scale of the service business in China is relatively small and backward compared with the manufacturing industry.

Among the top 500 companies, 27 have revenue of more than 100 billion yuan; 123 companies have revenue between 10 billion and 100 billion yuan; 55 have revenue between 6 billion and 10 billion yuan; 128 have revenue between 3 billion and 6 billion yuan; and 167 have revenue of less than 3 billion yuan. Almost half, 246, has revenue of less than 4.16 billion yuan, the threshold for China's top 500 manufacturing companies in 2010.

The average owner's equity of the 2010 top 500 service companies is 18.3 billion yuan. The Industrial and Commercial Bank of China, with its owner's equities of 678.93 billion yuan, is first among the top 500. China Mobile and State Grid Power Corporation of China are ranked second and third. The Construction Bank of China and Bank of China round out the top five.

Fifty-nine companies have assets of more than 100 billion yuan, with ICBC at the top with assets of 11.78505 trillion yuan. Another 207 have assets of less than 3 billion yuan. The figures indicate the unbalanced asset distribution among the top 500 service companies. Table 3-3 shows the scale distribution of the top 500 companies.

Table 3-3. Scale distribution of the top 500 service companies

(Unit: billion yuan)

 

4. There are gaps in per capita scale among China's top 500 service companies.

The per capita revenue of the top 500 service companies in 2010 is 959,500 yuan, which has declined slightly compared with 2009. Sixty-five of them have the per capita revenue of more than 10 million yuan, accounting for 13 percent of the top 500.

The per capita owner's equity of the top 500 service companies is 763,600 yuan, and 11 of them reach more than 10 million yuan. Service companies with per capita owner's equities of less than 500,000 yuan account for 45.5 percent of top 500.

The per capita assets of China's top 500 service companies is 6.3106 million yuan, a 903,700-yuan increase over the previous year. Seventy-four have per capita assets of more than 10 million yuan. 

Summary	Report on Top 500 Service Companies of China in 2010
Chapter II.	Performance Features
Chapter III.	Industrial Distribution
Chapter IV.	Regional Distribution
Chapter V.	Ownership Distribution
Chapter VI.	Development Trend Analysis
Chapter VII.	Major Problems