On September 10, “China Top 500 Private Enterprises Summit 2020” hosted by All-China Federation of Industry and Commerce was held in Beijing. 2020 “China Top 500 Private Enterprises” and “China Top 500 Private Enterprises in the Manufacturing Industry”were officially released on the same day. The threshold for Top 500 broke RMB 20 billion for the first time and it was RMB 20.204 billion, increasing by RMB 1.618 billion compared with last year. 

By virtue of robustly growing performance, Jindong Group ranked No. 361 in 2020 “China Top 500 Private Enterprises”, rising by 9 positions compared with 2019. This also marked that Jindong Group entered the ranking for seven times. In China Top 500 Private Enterprises in the Manufacturing Industry” released on the same day, Jindong Group ranked No. 204.

Thanks to the long-term steady and high-quality development, Jindong Group entered “China Top 500 Private Enterprises” for seven times. In 2019, its operating revenues grew by 16% and profits and taxes grew by 15%. Seven companies of its liquor group witnessed a remarkable growth of profits and taxes; for the listed company-VATS Store, in 2019, the operating revenues grew by 37% and the profits grew by 42%; in the investment sector, Jindong Real Estate was No. 1 in the sales in the real estate industry of Liling; the audiences of Charming Western Hunan (Meili Xiangxi) reached 1,500,000; the operations of Yukun Mining, Hengshi Mining and Tulanduo Hotel were in good condition. 

In the first half of 2020, the novel coronavirus pneumonia pandemic had left some effects on the production and operation of Jindong Group. However, as the domesticepidemic situationwas effectively controlled and the economy started to recover gradually, Jindong Group quickly responded and carried out the production and operation activities in an active and orderly manner. In the severe epidemic situation period, VATS, Lidu, and Zhenjiu’s performance still maintained the strong growth. After the epidemic situation was effectively controlled, Jinliufu, Linshui, Yanfeng, Xiangjiao and other companies had relatively quick recovery growth of performance. Different companiesvigorously did the marketing and sales work, “core outlet” work, “big group purchase” work and other new businesses, and exerted great efforts to make up for time loss, work loss and development loss due to the epidemic situation.