China Issues Top 100 Fine Chemical Enterprises 2020
Click:105    DateTime:Dec.09,2020

On November 25, the list of China’s top 100 fine chemical firms was released, including 77 enterprises in east China, 14 in central China, seven in west China and two in northeast China. Zhejiang Longsheng Group Co., Ltd. tops the list continually. Zhejiang NHU Co., Ltd. ranks second, followed by Hebei Chengxin Co., Ltd.

Average main business income of the top 100 firms was up 7% YoY from RMB5.8 billion to RMB6.2 billion in 2019, and average proportion of R&D input was 4.14%, slightly higher than 2018’s 3.81%. Average gross profit margin was up 1.8 percentage points to 29.8% in 2019, versus 28% in 2018.

Gross profit margins in most enterprises exceeded 30%, but in a few companies failed to reach 10%, and the highest was 76%. Most companies spent more than 4% of main business income on R&D, and a few spent less than 1%. The highest proportion was 12%.