The (seventeenth) “World Brand Conference” hosted by WorldBrand Lab was held in Beijing on August 5th. The 2020 "China's 500 Most Valuable Brands" was released at the conference. analysis report. In this annual report based on financial data, brand strength and consumer behavior analysis, State Grid topped the list of the most valuable brands this year with a brand value of 503.687 billion yuan. Among the top five on the list are Industrial and Commercial Bank of China (45.582 billion yuan), Haier (428.652 billion yuan), Tencent (421.549 billion yuan), and China Life (415.861 billion yuan). These brands have already Step into the world-class brand camp.

It is the 17th year that the World Brand Lab has compiled a report on Chinese brands. In 2004, the threshold was only 500 million yuan, and the average value of the top 500 brands was 4.943 billion yuan. In 2020, 17 years later, the entry threshold has been raised to 2.716 billion yuan; the average value of the top 500 brands is as high as 49.384 billion yuan, an increase of 899.07%. The theme of this year's "World Brand Conference" is "How do brands grow against the trend in the global epidemic".

In the lighting industry, NVC Lighting has won the “Top 500 Chinese Brands Ranking” for the ninth time. The brand value reached 37.956 billion yuan, an increase of 16%.

Opu Lighting was selected again with a brand value of 24.632 billion yuan, ranking 270th on the list, a year-on-year increase of 14%.

Foshan Lighting has also been included in the "China's 500 Most Valuable Brands" list for many consecutive years, with a brand value of 18.236 billion yuan, an increase of 15.48% year-on-year, ranking No. 323.

With a brand value of 17.268 billion yuan, Debang Lighting ranked 342 in the "China's 500 Most Valuable Brands".