BEIJING, July 22 (Wu Tao) The 2019 Fortune Global 500 list released on July 22 shows that the number of China enterprises on the list exceeds that of the United States for the first time, and three of the top five are China enterprises.
Specifically, Wal-Mart ranks first, Sinopec ranks second, Shell ranks third, China Petroleum and State Grid rank fourth and fifth, and the newly listed giant oil company Saudi Aramco ranks sixth.
China surpassed the United States for the first time on the list
On the whole, this year, the number of large companies in China is neck and neck with the United States for the first time. In terms of quantity, 129 of the world’s top 500 companies are from China, surpassing the United States (121) for the first time in history.
Compared with the previous year, the total operating income 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 $2.15 trillion, up 14.5% year-on-year; The net profit rate reached 6.6% and the return on net assets reached 12.1%, both exceeding last year.
According to the Fortune report, this reflects the recovery of the 500 largest companies.
The average profit of listed companies in China did not reach the average level of the top 500.
The average profit of the world’s top 500 companies is $4.3 billion, while the average profit of the listed companies in China is $3.5 billion. The profitability of enterprises in China has not reached the average level of the world’s top 500. If compared with American enterprises, the gap is more obvious.
According to the report, in 2019, 119 China enterprises (excluding those in Taiwan Province) entered the list, with an average sales income of 66.5 billion US dollars, an average net asset of 35.4 billion US dollars and an average profit of 3.5 billion US dollars.
According to these three data, the report calculates that the average sales rate of listed China enterprises is 5.3%, which is lower than that of American enterprises (7.7%) and the global average of 6.6%. The average return on equity is 9.9%, which is lower than 15% of American enterprises and 12.1% of the global average.
The four major banks in industry, construction and agriculture are among the top 10 in the profit list.
It is worth noting that the profits earned by China banking companies account for 47.5% of the profits of all China companies. If the profits of 11 banks are not counted, the average profits of the other 108 listed companies in China are only $1.92 billion.
According to the rankings, Saudi Aramco topped the profit list with an ultra-high profit of nearly $111 billion, and Apple ranked second.The top 10 China companies in the profit list are still the four major banks in industry, construction and agriculture.Google’s parent company, Alphabet, successfully ranked among the top ten with an annual profit growth rate of 142.7%, ranking seventh.
In the ROE list, Boeing ranks first; The top companies in China are Zhuhai Gree Electric 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.Among Chinese mainland companies, the highest profit rate is China Industrial and Commercial Bank..
Four China Internet companies are on the list, and Xiaomi likes to mention it for the first time.
In the Internet field, which has attracted much attention over the years, there are 7 Internet-related companies on the list this year. Except Xiaomi, the other six rankings have improved compared with last year, namely JD.COM, Alibaba, Tencent, Amazon, Google’s parent company Alphabet and Facebook.
JD.COM Group, which has been on the list for four consecutive years, once again jumped to 139th place in this year’s list, up 42 places from last year, ranking first in the Internet industry in China and third in the global Internet company for four consecutive years.
It is worth noting that Xiaomi Group entered the list for the first time, ranking 468th, ranking 7th among global Internet companies and 112th among China companies. Xiaomi, which has been established for 9 years, is also the youngest company among the world’s top 500 companies in 2019.
The listed real estate enterprises are all from China.
It is noteworthy that 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 has been greatly improved compared with 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.