2020 China Top 500 Most Valuable Brands Released: 4 Lighting Companies Selected

The 17th "World Brand Conference", hosted by WorldBrand Lab, was held in Beijing on August 5. The "China's 500 Most Valuable Brands" analysis report for 2020 was released at the event. In this annual report based on financial data, brand strength, and consumer behavior analysis, State Grid topped the list of the most valuable brands of the year with a brand value of RMB 503.687 billion. Also occupying the top five positions are Industrial and Commercial Bank of China (RMB 450.582 billion), Haier (RMB 428.652 billion), Tencent (RMB 421.549 billion), and China Life Insurance (RMB 415.861 billion). These brands have entered the ranks of world-class brands.

The World Brand Lab has been compiling the China Brand Report for 17 years. In 2004, the entry threshold was only RMB 500 million, and the average value of the top 500 brands was RMB 4.943 billion. By 2020, 17 years later, the entry threshold had risen to RMB 2.716 billion, while the average value of the top 500 brands reached RMB 49.384 billion, an increase of 899.07%. The theme of this year's "World Brand Conference" is "How Brands Can Grow Against the Trend Under the Global Pandemic".

Data source: 2020 Top 500 Chinese Brands List

In the lighting industry, NVC Lighting has ranked among the top in the "Top 500 Chinese Brands" list for the ninth consecutive time, with a brand value of RMB 37.956 billion, a Year-on-year (YoY) increase of 16%.

NVC Lighting stated that the company is committed to focusing on product quality and being customer-centric, serving millions of users with high-quality products and high-quality solutions to achieve brand growth against the trend. Meanwhile, user trust and choices further enhance NVC Lighting's brand influence, forming a virtuous cycle among the brand, products, and users. In recent years, NVC Lighting has continuously challenged itself and dared to innovate, achieving new successes in niche fields such as large-space lighting, industrial lighting, and cultural tourism illumination, while maintaining its advantages in indoor lighting.

OPPLE Lighting was selected again with a brand value of RMB 24.632 billion, ranking 270th on the list, a Year-on-year (YoY) increase of 14%.

OPPLE Lighting adopts "Beyond What You See" as its brand slogan, always prioritizing the strengthening of its independent brand as a core strategy. It continuously practices corporate innovation concepts to build the most trusted lighting brand image in customers' minds. Centered on an R&D strategy that is "guided by user needs, driven by in-depth exploration of cutting-edge LED technology innovation, and forward-looking towards smart lighting trends," OPPLE stands on the essence of light, leading lighting products from the "LED energy-saving lighting era" into the "LED high-quality lighting era."

Foshan Lighting has been selected for the "Top 500 Most Valuable Brands in China" list for many consecutive years, with a brand value of RMB 18.236 billion, a Year-on-year (YoY) increase of 15.48%, ranking 323rd.

Since first joining the "Top 500 Most Valuable Brands in China" list in 2006, Foshan Lighting's brand value has achieved a qualitative leap, rising from RMB 825 million to the current RMB 1.8236 billion. In recent years, Foshan Lighting has comprehensively advanced its brand strategy upgrade, actively promoting a professional, fashionable, intelligent, and healthy corporate image to the public, while its proposition of "Infinite Life, Illuminated with Care" remains unchanged.

Surprisingly, Tospo Lighting ranked 342nd on the "Top 500 Most Valuable Brands in China" list with a brand value of RMB 17.268 billion.

Tospo Lighting has always taken quality as its foundation and innovation as the source of development. Guided by market demand and industry trends, it maintains a leading position in overseas markets while actively expanding domestically, continuously advancing product "high-end, customized, and differentiated" strategies, with growing brand recognition. Seizing the favorable opportunity of LED lighting products dominating the market and the rapid increase in penetration of smart lighting and Healthy lighting, the company has become a provider of professional lighting Solution services.