List of the world's top 500 the complete list of the world's top 500 in 2019
4hw.com.cn: Fortune chinese.com released the latest Fortune Global 500 list on July 22, 2019 Beijing time. For more lists and in-depth business reports in the future, please pay attention to the official website of 'fortune Chinese network' and wechat.
According to the data of this list, people can understand the latest development trend of the world's largest enterprises. Through the vertical comparison of different years and horizontal comparison of different industries, people can not only understand the rise and fall of enterprises, but also understand the changes of the company's sales return, return on net assets, total production efficiency and other business quality. At the same time, in-depth research into countries or regions can reveal the changes in the distribution of large enterprise groups.
This year, the number of large Chinese companies kept pace with the United States for the first time, but how to become stronger has become more urgent. In terms of quantity, 129 of the world's 500 largest enterprises are from China, surpassing the United States (121) for the first time in history. Even if the enterprises in Taiwan do not calculate, the number of Chinese mainland enterprises (including Hongkong enterprises) has reached 119, which is equal to the number of the US. This is a historic change.
Compared with the previous year, the total operating revenue of the 500 companies on the list this year was nearly 32.7 trillion US dollars, an increase of 8.9% year-on-year; The total profit reached another record of US $2.15 trillion, a year-on-year increase of 14.5%; The net profit margin reached 6.6% and the return on net assets reached 12.1%, both higher than last year. This reflects the recovery of the 500 largest companies.
Wal Mart has become the world's largest company for the sixth consecutive year, Sinopec ranks second, shell oil rises to third, PetroChina and the State Grid of home appliances rank fourth and fifth respectively, and Saudi Aramco, the newly listed giant oil company, ranks sixth.
In terms of profit, Saudi Aramco topped the profit list with an ultra-high profit of nearly $111 billion, and apple ranked second. The four Chinese companies in the top 10 of the profit list are still the four major banks of China Construction and agriculture, and the parent company of Google, alphabet, has successfully ranked among the top 10 with an annual profit growth rate of 142.7%, ranking seventh.
Boeing ranks first in the return on net assets (ROE) list; The top Chinese companies are Zhuhai Gree Electric Appliance Co., Ltd., country garden, Evergrande, Huawei and Anhui conch group.
In the profit margin list, the highest ranking is micron technology, which is newly listed this year, and Facebook ranks second. The highest profit margin among Chinese mainland companies is ICBC.
In terms of ranking change, country garden in China rose the fastest this year, jumping 176 places. It is worth mentioning that six of the top ten companies that ranked fastest in China were Chinese mainland, with the exception of Biguiyuan, the remaining five were: Alibaba (up 118), sunshine dragon group (up 96), Tencent (94 rise), suning.com group (up 94), China Evergrande (92 up). In addition, it is worth mentioning that the overall volume of Chinese companies has improved: among the companies that continue to be listed, 77 Chinese companies ranked higher than last year.
In terms of industry, there are 54 banking companies on the list, which is the industry with the most companies on the list. The profits earned by Chinese banking companies account for 47.5% of the profits of all Chinese companies. In addition, all the listed real estate enterprises are from China. There are five real estate companies on this year's list, and the ranking of each company is significantly higher than that of last year. For example, Evergrande group rose from 230 to 138, country garden from 353 to 177, Greenland Group from 252 to 202, Poly Group from 312 to 242, and Vanke Group from 332 to 254.
In contrast, there are seven Internet related companies on the list this year. Except for Xiaomi, the other six have improved their ranking compared with last year, including JD, Alibaba, Tencent, Amazon, Google parent company alphabet and Facebook from China and the United States.
There are 25 new and re listed companies in the world's top 500 this year, including 13 new Chinese companies, accounting for more than half of the total. The 13 Chinese companies listed for the first time are: China Development Bank, CRRC group, Qingshan holding group, Jinchuan Group, Zhuhai Gree Electric Appliance Co., Ltd., Anhui conch group, Huaxia insurance, Tongling Nonferrous Metals Group, Shanxi Coking Coal Group, Xiaomi group, Hailiang Group Co., Ltd., China General Technology (Group) Holding Co., Ltd Formosa Plastics Petrochemical Co., Ltd. Among them, Zhuhai Gree Electric Appliance Co., Ltd. (No. 414) and Xiaomi group (No. 468), which are concerned by the media and the public, were listed for the first time. Xiaomi, which has been established for 9 years, is the youngest company among the world's top 500 in 2019.
There is a long way to go:
Comparison between China, the United States and the world
However, compared with the world's top 500, the profit index of Chinese enterprises is relatively low. The average profit of the world's top 500 is US $4.3 billion, while the average profit of Chinese listed enterprises is US $3.5 billion. The profitability of Chinese enterprises has not reached the average level of the world's top 500. If compared with American enterprises, the gap is more obvious.
Among them, the two indicators of return on sales and return on net assets can reflect the advantages and disadvantages of enterprise operation.
In 2019, there were 119 Chinese enterprises (excluding enterprises in Taiwan), with an average sales revenue of US $66.5 billion, an average net asset of US $35.4 billion and an average profit of US $3.5 billion. According to these three data, the average sales yield of Chinese enterprises on the list is 5.3%, lower than 7.7% of American enterprises and 6.6% of the global average; The average return on net assets is 9.9%, lower than 15% of American enterprises and 12.1% of the global average.
However, it should be noted that Chinese companies have reversed the downward trend in recent years in terms of return on sales and return on net assets. In addition, compared with the world's top 500 enterprises, in 2018, the average sales revenue and net assets of Chinese listed enterprises were basically the same as those of the world's top 500 enterprises; Compared with the listed enterprises of traditional economic powers, the listed Chinese enterprises have not lost the sales scale and asset scale of Japanese, British, French and German enterprises.
In terms of profits, it was mentioned earlier that nearly half of the profits of Listed Companies in China come from banks. However, there is a significant difference in the profit level of large companies outside the banking industry between China and the United States:
If the profits of 11 banks are not counted, the average profits of the other 108 Chinese listed enterprises are only $1.92 billion. If the profits of banks are not counted, the average profits of other 113 enterprises in the United States are as high as US $5.28 billion. This figure is nearly three times that of Chinese enterprises.
In addition, Wang Zhile pointed out the gap between large Chinese and American companies in the 'transnational level'. He pointed out that the real secret of global large companies to form strong global competitiveness: they absorb the best resources from all over the world, integrate them, and extend the value chain to the world, so as to build a global value chain. However, compared with the world's largest multinational corporations, the transnational degree of China's largest multinational corporations is still in its infancy.
Finally, from the analysis of the industries where the listed enterprises are located, the industrial structure of the United States is the industrial structure in the post industrialization development stage, while China's industrial structure is still in the industrialization stage.
Chinese and American enterprises are concentrated in five industries: energy mining, commercial trade, banking, insurance, aviation and defense. However, there are a large number of metal products enterprises, engineering and construction enterprises, automobile enterprises and real estate enterprises in China, and American enterprises on the list either have no or very few in these industries. At the same time, among the large companies in the United States and other countries in the world, there are a number of industries related to human health, medical treatment and life. In addition to two pharmaceutical companies, there are almost no large Chinese companies in industries closely related to human life, health and life.
In recent years, the domestic demand market has expanded rapidly, providing an important platform for Chinese large enterprises to continue to grow. Secondly, strategic restructuring and changes in China's macro economy have also become the driving forces for the collective rise of Chinese companies. However, how to become a global enterprise with transnational Competitiveness -- these will become an urgent and more urgent topic for Chinese companies.