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Business Magazine Releases China 500 Companies List

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Business magazine Fortune released its latest China 500 companies list on Tuesday, with the total revenue and profits of the 500 companies hitting $15 trillion (107 trillion yuan) and $717.1 billion in 2022.

State Grid received $530 billion in revenue, taking the first spot in the Fortune China 500 list, followed by China National Petroleum and Sinopec Group with the revenue at $483 billion and $471.15 billion.

The metal products industry has 56 companies in the ranking thereby claiming the largest number of companies on the list.

The top 3 profitable companies are Industrial and Commercial Bank of China (ICBC), China Construction Bank and Agricultural Bank of China, with profits at $53.59 billion, $48.15 billion and $38.52 billion, respectively.

Read more...

Serbia Celebrates The Chinese New Year

With the warm wishes of Chinese Ambassador H.E. Chen Bo and Prime Minister of Serbia Ana Brnabić to strengthen the steely friendship and prosperity...

Goldman Sachs: India Will Be The Second-Largest Economy In The World By 2075.

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Andon Health, a healthcare electronics manufacturer, has the highest net profit rate of 60.92 percent among the 500 companies.

Source: chinadaily.com.cn

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