In early August, the business magazine Zheshang Magazine released the net profit list of the top 100 companies among 2021 Top 500 Chinese Enterprises. Hongshi Cement Holding Group Co., Ltd., the only company in the Jinhua area that made the list, ranked 11th with a net profit of 7.447 bn RMB in 2020, only narrowly missing a spot in the top 10.

To compile the list of 2021 Top 500 Chinese Enterprises, Zheshang Magazine staff collected the net profit data of 471 companies, which totaled a net profit of 568.6 bn RMB. The average net profit reached 1.2 bn RMB, with an increase of 11 percentage points over the same period last year. Likewise, the threshold for net profit of another list, the top 100 companies of this year, also exceeded 1 billion RMB, which is 170 million RMB more than last year.

Hongshi Cement Holding Group Co., Ltd., with business in cement, conservation, and finance, is on the lists of Top 500 Chinese Enterprises and Top 500 Chinese Private Enterprises, and it’s one of the twelve large national cement companies that are supported by the state. It has more than 50 large branches in Laos, Nepal, Indonesia, Myanmar, and other countries, achieving coordinated development at home and abroad. By the end of 2020, Hongshi obtained total assets of 62.5 billion RMB, sold 105.53 million tons of cement and clinker in 2020, and paid 3.4 billion RMB in taxes. (By Jiang Yifeng, translated by Wei Han, edited by Mariam Ayad)