129 Chinese companies were selected as the top 500 companies in the world

Fortune magazine released its list of the world's top 500 in 2019 yesterday. The number of Chinese enterprises reached 129, surpassing that of the United States (121) for the first time in history. Among them, there are 13 new Chinese companies, accounting for more than half of the total.

The latest ranking of the world's top 500 shows that Wal-Mart ranks first, Sinopec ranks second and Shell ranks third. For technology companies, Apple ranks 11th, Amazon 13th and Samsung 15th. Microsoft is close to Huawei, ranking 60th and 61st respectively. Millet ranks 468, making it the first top 500 in the world.

In the list, millet is defined as an "Internet service and retail" industry enterprise, becoming the fourth Chinese Internet enterprise after Jingdong, Alibaba and Tencent, and the seventh Internet enterprise in the world.

Chinese companies reverse downward trend

In the profit rate list, the highest ranking is Meguiar Technologies, which is newly listed this year, and Facebook ranks second. Industrial and Commercial Bank of China (ICBC) has the highest profit margin among mainland Chinese companies.

Compared with the previous year, the total operating income of the 500 companies listed in this year is nearly 32.7 trillion US dollars, an increase of 8.9% over the previous year; the total profit has reached a record of 2.15 trillion US dollars, an increase of 14.5% over the previous year; the net profit margin has reached 6.6%, and the return on net assets has reached 12.1%, all surpassing the previous year. This reflects the recovery of the 500 largest companies.

However, it should be noted that Chinese companies have reversed the downward trend in recent years in the two indicators of return on sales and return on net assets. In addition, compared with the top 500 companies in the world horizontally, in 2018, the average sales revenue and net assets of Chinese listed companies are basically the same as those of the top 500 companies in the world; compared with the listed companies of the traditional economic powers, the sales scale and assets scale of Chinese listed companies have not lost to those of Japan, Britain, France and Germany. Enterprises. Among the six Chinese companies in Fortune 500, there are 25 newly listed and re-listed companies, of which 13 are newly listed, accounting for more than half of the total number of newly listed companies. Among them, Zhuhai Gree Electrical Appliance Co., Ltd. (No. 414) and Xiaomi Group (No. 468) are listed for the first time. Millet, founded in 9 years, is the youngest company in the world's top 500 in 2019.

Fortune 500 list also shows that six of the top ten fastest-rising companies are from mainland China, including Biguiyuan (up 176), Alibaba (up 118), Sunshine Longjing Group (up 96), Tencent (up 94), Suning Easy-to-buy Group (up 94), Zhongzhong. Guohengda (up 92 places).