According to the latest report, on the evening of July 19, Fortune magazine released a new ranking of the world's top 500. The number of Listed Companies in China continues to grow, reaching 120 this year, five more than last year. Chinese mainland and Hongkong are 111 enterprises among the 120 China enterprises.
The number of Listed Companies in China is very close to that in the United States (126), far exceeding that in Japan (52), the third place, according to fortune chinese.com. No other country has seen such a rapid growth in the number of enterprises since the Fortune 500 list in 1995 covered both industrial enterprises and service enterprises.
Chinese enterprises continue to improve their position in the world top 500
It is reported that there are 13 Chinese companies on the list for the first time this year: China Merchants Group, cedar holdings, Xiangyu Group, Yankuang Group, Angang Group, Shougang Group, Weichuang group, Taiwan Zhongyou, China Taiping Insurance Group, Fubang Financial Holdings, Taikang Insurance Group, Hanan energy and chemical group, Qingdao Haier. The industry with the largest number of new listed companies is insurance (3). Qingdao Haier is the only new listed company in the electronics and electronic equipment industry in China.
Among them, China Merchants Group, which was founded in 1872 during the Westernization Movement in the late Qing Dynasty and was also the pioneer of China's reform and opening up, was listed for the first time, ranking 280;
Yankuang Group, a new listed company with distinct characteristics, is one of the mining and crude oil production industries. The company is the only coal enterprise in China with four listing platforms at home and abroad. Last year, Yanzhou Coal Australia's total production capacity reached 80 million tons, becoming Australia's largest coal listed company.
Overall, compared with last year, the total operating revenue of the 500 companies on the list this year is nearly $30 trillion, an increase of 8.3% year-on-year; the total profit reaches a record $1.88 trillion, an increase of 23% year-on-year; the sales return rate reaches 6.3%, and the return on net assets reaches 10.9%, both exceeding last year. The operating conditions of the world's largest companies are improving significantly.
Wal Mart has become the world's largest company for the fifth consecutive year. It continues to rank in the top four with three Chinese companies, State Grid, Sinopec and PetroChina, but its ranking remains unchanged. The four Chinese companies in the top 10 of the profit list are still the four largest banks in China Construction and agriculture Corporation.
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In 2018, China ranked among the top three Fortune 500 countries:
In addition, eight Chinese enterprises fell out of the 2017 Fortune 500 list this year, including Anbang insurance group, HNA Group, China Huaxin Energy Co., Ltd., Dalian Wanda Group, China Guodian group, Shanxi Coking Coal Group Co., Ltd., China General Technology (Group) Holding Co., Ltd. and Xinhua Life Insurance Co., Ltd.
In general, falling out of the world's top 500 is often due to sales revenue falling short of the threshold of a new ranking. However, some of the eight Chinese companies that failed to make it to the 2018 list were not due to sales revenue falling short of the entry threshold. For example, in 2017, Anbang insurance company's sales revenue was $60.8 billion, ranking 139 in 2017. HNA Group's sales revenue is US $53 billion, ranking 170. China Huaxin energy company's sales revenue is 43.8 billion US dollars, ranking 222. Wanda Group's sales revenue is US $28.5 billion, ranking 380. The sales revenue of the four companies in the previous year was much higher than the 2018 ranking threshold, and they fell out of the 2018 ranking for another reason.
Among them, HNA Group and Wanda Group have similarities, that is, excessive leverage expansion and irrational foreign investment lead to capital turnover in trouble.
Several other enterprises have been investigated or dealt with by judicial or regulatory authorities due to different degrees of illegal operation, which makes it difficult for them to enter the 2018 top 500 list. Fortune magazine is now affiliated with time company of Time Warner Group of American media. It has been the focus of economic field since it launched the global top 500 list in 1954.