China's Top 500 Brands listing was recently issued by the China Enterprise Confederation and China Enterprise Directors Association. With a business revenue of 141,720 million yuan, Shanghai Electric ranks 145th, up 18 places from the previous year.

The list, reviewed and approved by an expert panel, ranks the 500 largest Chinese companies by their business revenues, including sales, profits, and assets in 2019. On the whole, this year's top 500 companies generated 86.02 trillion yuan in revenues, a YoY growth of 8.75%, meaning the momentum of growth continues. In 2019, Shanghai Electric created new records in three key indicators—revenues, net profits, and new orders. Through the digital and intelligent transformation of traditional industries to serve global customers, Shanghai Electric has grown more competitive in all aspects and gained new impetus for sustainable, healthy development.

The 2020 list includes 217 enterprises crossing the 100 billion yuan mark, 23 more than the previous year. The last candidate in the list realized a business revenue of 35,961 million yuan, 3,636 million yuan higher than the threshold last year. This is the 18th time that the bar has been raised.