On June 19, the list of "China's 500 Most Valuable Brands" in 2024 was released, and many enterprise brands in the cement industry were listed.
"China Building Materials" (China Building Materials Group Co., Ltd.) ranked first in the industry with a brand value of 215.291 billion yuan, ranking 48th in the list;
"Jinyu" (Beijing Jinyu Group Co., Ltd.) ranked 64th with a brand value of 127 billion 47 million yuan;
" Huaxin Cement " (Huaxin Cement Co., Ltd.) ranked 79th with a brand value of 104 billion 571 million yuan;
"Conch Cement" (Anhui Conch Cement Co., Ltd.) ranked 124th with a brand value of 91.181 billion yuan;
" Red Lion Cement " (Zhejiang Red Lion Cement Group Co., Ltd.) ranked 348th on the list with a brand value of 26.577 billion yuan.
In addition, "China Resources" (China Resources (Holdings) Co., Ltd.), which includes cement in its business, ranked sixth with a brand value of 483.927 billion yuan. The list of "
China's 500 Most Valuable Brands" was released by the World Brand Lab. As one of the most influential brand value evaluation criteria in the industry, the list has been published for 21 consecutive years by using the "income present value method" to evaluate brand value.
In 2004, the threshold for selection was only 500 million yuan, and the average value of the top 500 brands was 4.943 billion yuan. Twenty-one years later, in 2024, the selection threshold has been raised to 3.826 billion yuan, while the average value of the top 500 brands is as high as 77.140 billion yuan, an increase of 1460.59%. A total of 108 Chinese brands are worth more than 100 billion yuan this year, 36 more than last year, highlighting the prosperity of China's brand economy.
