2023, Hurun Research Institute released Hurun China's Top 500 in 2022, listing the top 500 non-state-owned enterprises in China, ranking them according to their market value or valuation.
The listing threshold of Hurun China Top 500 in 2022 dropped by 4 billion yuan, or 13%, to 28 billion yuan compared with the previous year. The total value of the top 500 companies fell by 15 trillion yuan, or 23%, to 51 trillion yuan from the previous year. The average value dropped by 28 billion yuan from the previous year to 102 billion yuan. 182 companies on the list saw an increase in value over the previous year, including 99 new entrants; 8 companies saw the same value as the previous year; and 312 companies saw a decrease in value. 57% are B2B businesses and 43% are direct-to-consumer. 76% provide physical products and 24% provide software or services. The average age of the top 500 companies is 27 years old, which is equivalent to the average establishment in 1995.
Cement industry: Taiwan Cement ranked 229, Asia Cement ranked 415, Huaxin Cement ranked 434, and Red Lion Cement ranked 458. In addition, Eastern Hope, which includes cement in its business, is at No.71.
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