The 2016 China Top 500 Machinery Research Report and the World Top 500 Machinery Press Conference was held in Beijing on July 27. Among them, 95 enterprises in Chinese Mainland were listed, while the automobile manufacturing industry occupied the top three. This event is hosted by the China Machinery Industry Enterprise Management Association and hosted by the World Managers Group (icxo. com).

This research report on the Top 500 Chinese Machinery still adopts the Corporate Competitiveness Assessment (CVA) model designed by the World Manager Group according to international conventions, which comprehensively analyzes and studies the sales revenue, total profit, asset profit margin, growth rate and other data of the enterprise, combined with industry differences, reputation index and other factors. The World Managers Group is a leading global strategic consulting and business media organization, chaired by Nobel laureate in economics Professor Robert Mondale.

This is the 14th consecutive year of the release of research results from China's top 500 mechanical enterprises. This activity showcases and records the growth path of Chinese mechanical enterprises, building a dynamic and continuous growth coordinate for China's mechanical industry. It helps enterprises find gaps, learn from each other's strengths and weaknesses, analyze the situation, and achieve win-win growth. At the same time, it greatly enhances the attention and support of various sectors of society for the mechanical industry.

At the meeting, Sun Bohuai, Chairman of the China Machinery Industry Enterprise Management Association, released a report stating that a total of 500 companies from eight industries, including general equipment manufacturing, transportation equipment manufacturing, electrical machinery and equipment manufacturing, specialized equipment manufacturing, instrumentation and cultural office machinery manufacturing, metal products, comprehensive products, communication equipment, computer and other electronic equipment manufacturing, were selected. Among them, the transportation equipment manufacturing industry was the most selected industry, with a total of 140 companies, accounting for 28.00% of the Fortune 500; 126 electrical machinery and equipment manufacturing companies were selected, accounting for 25.20%; 119 companies in the general equipment manufacturing industry were selected, accounting for 23.80%.

Henan Shenghua Cable Group Co., Ltd., as a cable manufacturing industry, also won the honor of Top 500 this time, with a high score of 75.36 on the list. In the field of wire and cable industry, Henan Shenghua has entered the top 20 of the wire and cable industry and obtained the exclusive industry top 20 honor certificate.

2016 is the first year of the 13th Five Year Plan. Faced with the complex domestic economic environment, the wire and cable industry has continuously upgraded and developed, and has now become the second largest industry market in China, second only to automobiles. The product variety satisfaction rate and domestic market share both exceeded 90%. Internationally, China's total output value of wires and cables has already surpassed that of the United States, becoming the world's largest producer of wires and cables.

In the future, both the popularization of electricity and the promotion of 5G have provided unlimited possibilities for the development of cable products. Henan Shenghua has been named one of the top 20 wire and cable companies, which has also provided confidence for Shenghua. In the future development path, we are brave enough to innovate, develop potential, prioritize service, and prioritize quality, contributing to the development of cables in China.