What Is the Forbes 500?

The "World Top 500" is a common name for the Chinese ranking of the "Top 500 Companies in the World" by the American Fortune Magazine every year.

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On July 20, 2016, "Fortune" magazine FORTUNE released the latest list of the world's top 500 companies, and the number of Chinese companies on the list continued to grow, reaching 110. Wal-Mart ranked first, National Grid ranked second, PetroChina ranked 3, Apple ranked 9th, and other new or re-listed Chinese companies ranked: Huawei (129), Lenovo (202), Vanke (356) ), Jingdong (366), Dalian Wanda (385), Midea Group (481), Evergrande Group (496).

Wal-Mart ranked first for three consecutive years. In 2015, its operating income reached US $ 482.1 billion, a slight decrease of 0.7% year-on-year. There are 3 Chinese companies in the top 5. Big oil company's operating income fell sharply due to the plunge in oil prices, making the National Grid ranking jump to second place, although its operating income also fell by 2.9%. PetroChina and Sinopec are close behind, ranking third and fourth. Apple entered the top 10 for the first time, ranking 9th, and its operating income soared 27.9% in 2015. It is the only company in the top 10 to achieve positive revenue growth.

The Fortune Global 500 list has always been the most famous and authoritative list of large global companies. It is known as the "ultimate list" and is published by Fortune magazine once a year. ^[7]

On July 20, the 2016 Fortune Global 500 was released.

2012 Fortune 500

In the first Fortune Global 500 list in 1995, Japanese companies dominated the list, with 149 on the list, and total revenue accounted for 37% of all the companies on the list.

In comparison, (based on 2011 business performance evaluation) there were only 68 Japanese companies on the 2012 World Top 500 list, which means that since reaching its peak in 1995, Japanese companies have gradually declined on the World Top 500 list , Both in quantity and income share.

The peak of American companies was in 2001, when the number of companies on the list reached 197, with total revenue accounting for 42% of all companies on the list. On the 2012 list, there were 139 U.S. companies on the list, with total revenue accounting for 29% of all companies on the list.

In 2012, the number of listed companies in mainland China increased for the ninth consecutive year, with a total of 73 companies on the list, an increase of 12 companies. The number of companies on the list in the United States decreased by one from the previous year, which was the 10th consecutive year of decline in the number of companies on the list.

2013 Fortune 500 2013

In 2013, the number of Chinese companies on the list of the world's top 500 companies reached 95, an increase of 16 from 2012. This is the tenth consecutive year of growth of Chinese companies on the list. Among them, 89 companies from the mainland and Hong Kong were on the list, an increase of 16 from 2012; 6 companies from Taiwan, the same as in 2012.

2016 Fortune 500

On July 20, 2016, the 2016 Fortune Global 500 was released, and 13 mainland companies including Vanke were on the list for the first time. It is worth noting that China Resources Group is ranked 91, Greenland Group is ranked 311, Wanda is ranked 385, Vanke is ranked 356, and Evergrande is ranked 496.

Wal-Mart ranked first for three consecutive years. In 2015, its operating income reached US $ 4821 billion, a slight decrease of 0.7% year-on-year. There are 3 Chinese companies in the top 5. The operating income of major oil companies has fallen sharply due to the plunge in oil prices, making the National Grid ranking jump to second place, although their operating income has also fallen by 2.9%. PetroChina and Sinopec are close behind, ranking third and fourth. Apple entered the top 10 for the first time, ranking 9th, and its operating income soared 27.9% in 2015. It is the only company in the top 10 to achieve positive revenue growth.

The number of Chinese companies on the list continues to grow, reaching 110 in 2016. Thirteen mainland Chinese companies are on the list for the first time, including e-commerce company JD.com, home appliance giant Midea Group, and three major real estate companies: Vanke, Dalian Wanda, and Evergrande. ^[9]

The 2016 list of Fortune Global 500 companies reflects that the operating conditions of global companies in 2015 were not satisfactory. The total operating income of the world's top 500 companies was 27.634 trillion U.S. dollars, a decrease of 11.5% over the previous year, and net profit also decreased by about 11%. For the first time since 2009, sales revenue of Global 500 companies has experienced double-digit declines. The threshold for Fortune Global 500 companies also dropped from 23.72 billion US dollars in 2015 to 20.92 billion US dollars in 2016. Among the world's top 500 companies, only 137 companies achieved positive operating income growth in 2015, while the other 363 companies experienced negative growth. The negative growth of a large number of companies reflects the dilemma of global business operations.

The number and ranking of Chinese companies has steadily risen in the face of the generally poor operating conditions of global companies. In 2016, a total of 110 companies were listed, the highest number in history. Bit. In recent years, the number of Japanese companies in the top 500 list has declined year by year, and there were only 52 in 2016. A total of 84 companies from the three major European economies of Germany, Britain and France were on the list.

Looking closely at the types and profits of Chinese companies on the list, it is not difficult to find that there is still room for further improvement of Chinese companies. Of the 110 Chinese companies on the list, there are 7 Taiwanese companies, and the remaining 103 mainland, Hong Kong and Macao companies have a total of 10 banks, with a total profit of 181.6 billion US dollars, accounting for 55% of the total profits of the 103 companies on the list. In other words, the total profit of the remaining 93 companies is only US $ 147.5 billion, and the average profit of each non-bank company is less than US $ 1.6 billion, which is lower than that of many other countries. Chinese enterprises, especially traditional enterprises such as steel and automobile production, need to further improve production efficiency, transform and upgrade, and increase profit levels. ^[10]

2018 Fortune 500 2018

Main entry: 2018 Fortune Global 500 Ranking

On July 20, 2018, Fortune magazine published the 2018 list of the world's top 500 companies. The number of Chinese companies on the list increased for the 15th consecutive year, from 115 in 2017 to 120. Ranked first, Japan's 52 companies ranked third.

Compared with 2017, the total operating income of the 500 companies on the list in 2018 was nearly 30 trillion US dollars, an increase of 8.3% year-on-year; total profits reached a record US $ 1.88 trillion, an increase of 23% year-on-year; sales revenue reached 6.3% The return on net assets reached 10.9%, all exceeding 2017, indicating that the operating conditions of these world's largest companies have improved significantly.

The world's top 500 companies are measured by operating income. Wal-Mart has become the world's largest company for the fifth consecutive year. It and the three Chinese companies-State Grid, Sinopec and PetroChina continue to rank in the top four of the list, and their position remains unchanged. Shell Oil rose to fifth place, pushing Toyota to sixth place.

Judging from the profit list, Apple still ranks first, followed by the British American Tobacco Group, which re-entered the world's top 500 in 2018. The top four Chinese companies in the profit list are still the four largest banks in the construction, construction and agriculture sector.

From the point of view of profitability, the highest is British American Tobacco Group, which has a profit margin of 185%, far exceeding the second Kraft Heinz. Among mainland Chinese companies, Tencent Holdings has the highest profit margin, exceeding 30%.

Boeing ranks first in the ROE list, while the top Chinese companies are Tencent, Country Garden, Huawei, and Midea. ^[11]

2019 Fortune 500 2019

Main entry: 2019 Fortune Global 500 list

On July 22, 2019, the US "Fortune" magazine released the 2019 Fortune 500 list. Quantitatively, 129 of the world's 500 largest companies are from China. Even if Taiwanese companies are not counted, mainland Chinese companies (including Hong Kong companies) have reached 119. ^[1]