On August 3, The Conference for Awarding Guangdong Top 500 Enterprises and Guangdong Outstanding Self-owned Brands and The Enterprise Development Summit 2017 was held at the Guangzhou Baiyun International Conference Center.
Huang Huahua, Chairman of the Standing Committee of the National People's Congress and the former governor of the Guangdong Provincial People's Government, and Huang Haisong, vice president of China Enterprise Confederation and China Entrepreneurs Association as well as other leaders from other provincial departments such as State-owned Assets Supervision and Administration Commission and Provincial Department of Commerce attended the meeting. Camsung Global and more than 500 entrepreneurs from different industries and regions in the province were also invited to attend.
Starting from 2005, "Guangdong Provincial Top 500 Enterprises", the well-known brand awarding event in the province, has been held over 13 years. It had been operated by the Guangdong Provincial Enterprise Confederation and Guangdong Provincial Entrepreneurs Association (the first province-wide, comprehensive and economic association approved by Guangdong Provincial Government in 1980; the syndicate of enterprises and entrepreneurs in the province) in accordance with international practice. The candidate enterprises are chosen by self-recommendation or recommendation from local or industry associations. The assessment and ranking are based on some indicators including operating revenue, social influence and social contribution of an enterprise.
Enterprises including Guangzhou Camsung, China Ping An Insurance, Huawei Holdings and China Resources Group were inclusive in "Guangdong Provincial Top 500 Enterprises 2017". Guangzhou Camsung ranked 79th in this list and 10th in “Top 100 Enterprises of Circulation Industry in Guangdong 2017”.
In 2017, the gross business revenue for the top 500 enterprises in Guangdong was ¥9007.7 billion yuan, 13.16 percent up over the previous year, the net profit ¥658.7 billion yuan, an increase of 15.62 percent, and the total assets of ¥3.02542 trillion yuan, an increase of 19.16 percent. These indicate that the scales, quantities and profits of mega enterprises in Guangdong are steadily developing.
Although China was facing great economic downward pressure in the past year with the difficulties such as sharply decreasing private investment in fixed assets as well as the existing conflict between overcapacity and upgrading demand structure, development of large key enterprises in Guangdong retained strong under the pressure of economic downward and strongly supported the steady growth of Guangdong economy.
Camsung Global is a comprehensive enterprise working in the cultural industry. Having a number of branches around the world, it provides global business service throughout North America and Asia Pacific regions. Camsung values establishment, incubation and operation of IP as its core businesses, streamlines the chain of IP in terms of production, operation, sales and promotion, and builds up the new service platform in a pan-entertainment model, aiming at creating a new ecological development model for international cultural industry.
Regarding to integrating industrial chain, Camsung Global has incorporated into every part of the entertainment industry chain. It provides workable cooperative channels and large quantities of product content in music, animation, games, film and television, sports, performing arts, derivatives and theme parks.
Thanks to the own power, Camsung Global entered the list of "Top 500 Enterprises in Guangdong 2017". In the future, Camsung Global will continue to explore the cultural industry in a more professional and confident manner, keep eyes on the quality and efficiency of development and devote to making a greater contribution to Guangdong's economic development.