China State Construction Engineering Corporation replaced China Mobile Limited as third place with operating revenue of 571.516 billion yuan. Liuzhou Steel Co., Ltd., Guangxi Liugong Machinery Co., Ltd., and Wuling Motors Holdings Limited (Hong Kong headquarters), all based in Liuzhou, ranked 132nd, 325th and 339th, respectively.
Last year, under the dual pressure of the international financial crisis and domestic macroeconomic regulation, traditional manufacturing industries faced severe challenges. Liugang's operating revenue was 37.276 billion yuan, with a profit of 123 million yuan, down 14 places from 2012; Liugong's operating revenue was 12.63 billion yuan, with a profit of 278 million yuan, down 104 places from 2012; Wuling Group's operating revenue was 11.892 billion yuan, with a profit of 79 million yuan, down 11 places from 2012.
It is worth noting that the four major banks are the most profitable companies in the China Top 500. Ranked by profit, the four most profitable companies on the China Top 500 list are: Industrial and Commercial Bank of China (profit of 238.532 billion yuan), China Construction Bank (profit of 193.179 billion yuan), Agricultural Bank of China (profit of 145.094 billion yuan), and Bank of China (profit of 139.432 billion yuan).
A Brief Analysis of the Relationship Between Oil Prices/Interest Rates and the Construction Machinery Industry
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