China's top 500 private enterprises, Huafeng Group once again promoted 7 places, ranked 224th

On August 22nd, the 2019 China Private Enterprise 500 Summit, jointly organized by the All-China Federation of Industry and Commerce and the Qinghai Provincial People's Government, was held in Xining City, Qinghai Province, at which the "2019 China Private Enterprise 500" list and the 2019 China Private Enterprise 500 Stress Analysis Report were released. Huafeng Group increased its annual revenue from 231 in the previous year to 224 this year with annual revenue of 36.96 billion yuan, rising another seven places.
As can be seen from the list, compared with previous years, the size of the top 500 private enterprises gradually expanded, the level of profits stable growth, social contribution continued to increase, this year's entry into China's top 500 private enterprises threshold as high as 18.586 billion yuan, 85 enterprises new to the list . Data show that in 2018, the total operating income of China's top 500 private enterprises was 28.50 trillion yuan, an increase of 16.44 percent, total assets of 34.61 trillion yuan, an increase of 22.77 percent, and net profit after tax of 1.29 trillion yuan, an increase of 13.87 percent.
In 2018, Huafeng Group will continue to cultivate new impetus, new potential energy, seize development opportunities in the changing situation, effectively cope with profound changes in the external environment, maintain a strong momentum of development, and achieve business momentum. Revenue was RMB36.96 billion, up 14.56 percent year-on-year, export revenue was up 29.36 percent year-on-year, net profit was up 29.50 percent year-on-year, the transition and upgrading pushed further, the pace towards the high end of the industrial chain, product chain and value chain was lighter, and the new situation of high-quality development was more open.