China Merchants Group as A-level Enterprise for 12 Consecutive Years
2016-07-15
SASAC announced the performances of state-owned companies in 2015 on 15 July. China Merchants Group is entitled as A-level enterprise for 12 years. CMG Chairman Mr. Li Jianhong attended the meeting.
According to four SASAC indicators of assessment in 2015, China Merchants Group achieved excellent results, with the revenue of 78.825 billion, ranking No.1 among state-owned companies in growth. The ratio of profits to cost was 48.31%. The other two indicators also showed CMG's excellence, with EVA (15.526 billion) and ITO (0.57%).
China Merchants Group also exceeded the target of appraisal in 4th period of SASAC with extraordinary performance. The value of state property reached 156.47%. Total Assets Turnover and ROA were respectively 0.17 times and 7.03%. Overall Labour Productivity was 1.0699 million per person.


