Shenzhen's Top 20 GDP Contributions Last Year: Huawei's ZTE First Second Tencent Fifth

Our reporter Wang Fan reported in Shenzhen

On March 21st, Shenzhen Bureau of Statistics released 20 top 20 GDP contributors, among which 7 are industrial companies, and Huawei, ZTE, and Futaihua rank among the top three in terms of industry; financial companies have the largest number of listings, totaling 9 companies. The operating profit has experienced a significant decrease year-on-year.

After subdividing the top 20 list, the total added value of IT companies represented by hardware manufacturing accounted for a large proportion.

The distribution and performance of key leading enterprises can reflect the characteristics of industrial development and urban temperament to some extent. In terms of the GDP contribution to the top 20 companies, the real economy is still an industrial sector in which Shenzhen retains a significant advantage. On March 20th and 21st, Hu Chunhua, secretary of the Guangdong Provincial Party Committee, went to Shenzhen and Huizhou to conduct research and emphasized the importance of persisting in innovation and guiding the development of the real economy.

In the future, how will Shenzhen develop the real economy and expand its comparative advantage, especially in the IT industry?

Industrial performance stronger than financial industry

According to Shenzhen Bureau of Statistics, the top 20 companies that contributed the most to total GDP in 2016 achieved a total value of 517.142 billion yuan, accounting for 26.5% of the city's GDP.

The statistics of the share of GDP contribution of key leading companies is an innovative test of the Shenzhen statistical department. The proportion of up to 30% GDP means that these 20 leading companies can partially reflect Shenzhen’s industrial situation.

Top 20 companies include Huawei, ZTE, Futaihua Industry, Ping An Bank, Tencent, Ping An Life Insurance, China Merchants Bank, CNOOC Shenzhen Branch, CCB Shenzhen Branch, ICBC Shenzhen Branch, China Mobile Shenzhen Branch, Bank of China Shenzhen Branch, China CITIC Bank Credit Card Center, Shenzhen Branch of Agricultural Bank of China, Hongfujin Precision Industry, CITIC Securities, Shenzhen Power Supply Bureau, Guangzhou-Shenzhen Railway, Shenzhen Airlines, and BYD Auto.

Among the listed companies, seven industrial enterprises achieved a total value of 286.614 billion yuan, accounting for 55.4% of the total contribution of 20 enterprises, accounting for 39.8% of the city's total industrial added value.

Huawei, which is ranked first in the list, is the only company with an added value of over 100 billion yuan. It is also one of the most prominent companies in Shenzhen in the past year. Huawei's rotating CEO Xu Zhijun said in 2017's New Year message that 2016 sales revenue is expected to reach 520 billion yuan, an increase of 32% year-on-year.

From the perspective of the growth rate of value-added, there are a total of 14 companies that have achieved positive growth. Shenzhen Bureau of Statistics pointed out that due to the downturn of the stock market, the low international oil prices and the pains of production transformation, six companies had negative growth year-on-year, including two industries and four financial companies, with the largest drop reaching 27.1%.

At the same time, the growth rate of the value added of the nine companies reached double digits, which benefited from the demand for new energy vehicles, information technology, and new consumerism. The growth rates of BYD, Tencent, and CITIC Bank credit cards exceeded 35%.

The financial industry is the category with the largest number of companies on the list, accounting for 9 out of the top 20, achieving an added value of 164.941 billion yuan, accounting for 31.9% of the total 20 contributions, and accounting for 57.3% of the city's total financial industry. .

However, it is worth noting that the operating profit of 9 financial companies was 171,216 million yuan, an increase of -13.3%. In contrast, seven industrial enterprises realized a total operating profit of 47.892 billion yuan, an increase of 7.0%.

In fact, from the overall situation in Shenzhen, despite the rapid development of the tertiary industry with finance and real estate as the core in the past one or two years, industrial performance still has remarkable characteristics.

Since 2014, the growth rate of Shenzhen's industrial enterprises above designated size has declined slightly, but it has remained above 7%. Taking the same as the first-tier city of Kitasaoka as a horizontal reference, the growth rate in Beijing in the past three years was 6.2%, 1.0%, and 5.1%; Guangzhou was 8.1%, 7.2%, and 6.5%; Shanghai's industrial output value above designated size increased. The speeds were 1.6%, -0.8%, and 0.8% respectively.

IT hardware comparative advantage

The performance of the leading enterprises reflects the comparative advantages of Shenzhen's industries. If the focus is on Shenzhen local companies in the top 20 list, this advantage may be more prominent.

According to the Shenzhen Bureau of Statistics, the top three industries are industrial enterprises. If further subdivision, the three companies can be classified as IT industry. Together with Tencent and Hongfujin Precision Industry, the total number of IT companies has reached six.

In general, IT is also one of the most important pillar industries in Shenzhen. The annual statistics of the Shenzhen Bureau of Statistics show that in 2016, the city’s manufacturing of communications equipment, computers and other electronic equipment increased by 9.3%, accounting for 61.0% of the total industrial scale.

A "IT Industry Development Report" released in Shenzhen in March last year pointed out that from the perspective of electronic manufacturing, Shenzhen produced nearly 1.5 trillion IT products in 2015, which accounted for about 1/8 of the country's IT manufacturing sector. Among them, the industrial added value of IT products accounted for 62% of the city's industrial added value.

However, judging from the dimensions of internet applications, Shenzhen’s e-commerce, internet finance, and cultural entertainment accounts for a relatively small percentage of emerging star startups, which is less than that of cities such as Beijing and Hangzhou. In other words, in the Shenzhen IT industry, the hardware industry is more eye-catching than the software industry.

Gao Jianguang, deputy director of investment of Dongfang Fuhai Investment Management Co., told reporters in the 21st Century Business Herald that Shenzhen’s hardware industry base is relatively good, and there are large groups of high-tech companies that are really innovating in products, and local investors are also more inclined to choose this. Class of investment targets.

Another venture capitalist told reporters that relying on the existing industrial foundation, Shenzhen’s imagination in the future lies in smart hardware and advanced manufacturing.

During the IT leaders summit last year, an economic observer pointed out that Shenzhen’s right to speak in hardware must be firmly grasped, including mold, processing, design capabilities, and industrial chain efficiency, and must be expanded on the basis of the first. Leading edge.

The observers stressed in particular that the processing industry chain does not appear to be profitable, but there is currently the ability to gather resources and there is an opportunity for upgrading in the future. The so-called comparative advantages cannot be lost. Shenzhen must protect the survival foundation of the hardware industry.

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