Shenzhen, China’s most legendary city, has grown from a small fishing village to an international metropolis in just 40 years. The speed of Shenzhen has created too many miracles. Tens of millions of young people have dedicated their youth and sweat here.

In 2020, Shenzhen’s GDP will reach 2,767.024 billion yuan, a year-on-year increase of 3.1%, and it will still rank third in the country. The GDP of Shenzhen converted into US dollars is about 423.631 billion US dollars. Since the GDP data of all countries in the world in 2020 has not yet come out, compared with the data in 2019, Shenzhen can rank 28th in the world, surpassing developed countries such as Norway, Ireland, and Singapore.

The development of Shenzhen is inseparable from the help of private enterprises. In the 40 years since the establishment of the Shenzhen Special Economic Zone, a number of outstanding private enterprises, such as Huawei, Tencent, and SF Express, have emerged. Shenzhen is one of the most active cities in the country’s private economy, and it is also a city of technological innovation.

The most profitable private enterprise in Shenzhen is not Huawei or Tencent, but it

How good are private enterprises in Shenzhen? In the 2020 China Top 500 List, Guangdong has 57 companies on the list, of which Shenzhen has 25, accounting for nearly half. Among the top 500 private enterprises in China in 2020, 58 enterprises in Guangdong are shortlisted, and Shenzhen is even more powerful. Among the top ten, four enterprises are from Shenzhen, namely Huawei, Zhengwei, Evergrande and Vanke.

China’s largest private company is Huawei from Shenzhen, Guangdong. In addition, Shenzhen also has companies such as Zhengwei, Evergrande, Tencent, SF, BYD, Mindray, Digital China, Luxshare Precision, etc. However, the most profitable companies in Shenzhen are not Huawei, Tencent, Evergrande, but Ping An of China.

Regardless of revenue or profit, Ping An is the largest company in Shenzhen. In 2020, revenue will be 1.22 trillion yuan, and net profit will be 143.099 billion yuan, which is equivalent to a daily profit of nearly 400 million yuan.

Tencent is also very strong. In 2020, its net profit is as high as 122.742 billion yuan, which is a 30% increase. It will not take long to catch up with Ping An of China and become the most profitable company in Shenzhen.

As for giants such as Huawei, Evergrande, and Vanke, they still cannot compare with these two in terms of profits. In 2020, the net profits of these three companies will be 64.6 billion yuan, 30.13 billion yuan, and 41.52 billion yuan.

In this comparison, you will find that the financial and Internet industries make money. After all, the six state-owned banks are also making a lot of money. Another Internet giant, Alibaba, has a higher net profit than Ping An, and is the most profitable in China. Private enterprise.

How awesome is Ping An of China?

Ping An of China was founded in 1988 by Yuan Geng, the founder of the Shekou Industrial Zone in the Shenzhen Special Economic Zone, one year later than Huawei. The first two shareholders were ICBC and the China Merchants Bureau of Shekou Industrial Zone. The initial business was insurance. Today, Ping An has become a company with a very complex shareholding structure. It is neither a state-owned enterprise nor a private enterprise, so it is called a “non-public enterprise.”

How powerful is Ping An of China? On the 2020 Forbes Fortune Global 500 list, Ping An ranks second only to PetroChina, State Grid, Sinopec, and China State Construction. It is ranked 5th in China and 21st in the world. It is far behind the top six state-owned companies, and Huawei is also far behind. .

After more than 30 years of development, Ping An of China has become China’s largest insurance company. Its business scope covers almost all financial fields, including life insurance, property insurance, pension insurance, health insurance, etc., as well as banks, securities, futures, funds, Trust, asset management, etc., are also outstanding in the field of financial technology, such as Lufax, Ping An Good Doctor, Auto Home, Shanghai Jahwa and so on.

As of 2019, Ping An’s total assets have reached 8.2 trillion yuan, and it can be said that it has become a giant enterprise. In 2020, the number of group personal customers exceeded 218 million, an increase of 9.0% from the beginning of the year.

The owner’s surname is Ma, and his wealth is still a mystery.

Ping An Group of China can achieve today’s results without a single person, his surname is Ma, he is Ma Mingzhe. Ma Mingzhe is the soul of China Ping An, and has served as the general manager since its inception. Over the past 30 years, under his leadership, Ping An Group has continued to reform and innovate, and its scale has continued to expand, achieving today’s leading position.

Ma Mingzhe was originally a worker at Zhanjiang Hydropower Plant. In 1983, he was fortunate to be transferred to Shenzhen Shekou Industrial Zone to work and became the team captain. Fortunately, he was favored by Yuan Geng, and then he focused on training and took on the important task of leading China’s safety.

Ping An was originally a state-owned enterprise. After many share changes, the shareholding structure is now very complicated. Currently, the largest shareholder is Hong Kong Securities Clearing (Nominees) Co., Ltd., holding 32.72%, Shenzhen Investment Corporation holds 5.27%, and China Securities Finance Corporation holds 4.44%.

In terms of equity, Ma Mingzhe does not seem to hold any shares. He has always been a “wage earner”, and his annual salary is eye-catching. The 2019 financial report shows that Ma Mingzhe’s annual after-tax salary is 5.1 million yuan and personal income tax is 3.75 million yuan, for a total of 8.85 million yuan. As early as in the 2007 financial report, he caused controversy because of his 66 million annual salary.

So, how much money does Ma Mingzhe have? Even Hu Run said that his worth is a mystery because the shares he holds are hidden and public data cannot be found. Therefore, he cannot be just a wage earner, but a shareholding.

Shenzhen is a legendary place. It has created a lot of outstanding entrepreneurs, such as Ren Zhengfei, Ma Mingzhe, Ma Huateng, Wang Chuanfu, Wang Wei, Wang Wenyin, etc., and Ma Mingzhe is undoubtedly one of the lowest-key and most dazzling.