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142 companies in China mainland were listed on Fortune Global 500 in 2023

Issuing time:2023-09-01 01:25Author:Think Real

Fortune Global 500 released the latest 2023 top 500 list in the early August 2023, and China ranked top in the number of companies listed with 142 being listed.


The number ofChinese companies listed on the Fortune Global 500 rocketed over the past 14 years


According to data from Cui Dongshu, secretary general of Passenger CarMarket Information Association, 37 enterprises in China’s mainland were listedon Fortune Global 500 in 2009, and thereafter, China's leading enterprisesdeveloped rapidly with the number of China’s mainland enterprises listedreaching 90 in 2013. From 2014 to 2017, the number of Fortune Global 500enterprises from China grew steadily and slightly. The number increased againfrom 2018 to 2022, and reached the peak of 145 in 2022 to rank the first acrossthe world.


Chinese companies on FortuneGlobal 500 mainly specialize in mining, metallurgy, construction, andelectronic equipment.


Over the past few years, Chinese companies enjoyed its advantages inindustrial structure adjustment, especially the outstanding performance inconstruction and real estate. In 2018, no leading companies specialized in realestate, engineering and construction and metal smelting in the United States,but numerous companies engaged in IT, life and health and food related fields.


However, situations in China were totally different. Even though therewere many companies from EU, US, Japan and Brazil achieved development inhealth, food wholesale, insurance managed medicine, food production andprocessing and entertainment and other industries closely related to people’slives and health, Chinese companies had huge opportunities.


Table: industrydistribution of Chinese companies on Fortune Global 500 in 2023

Industry/Country

China

Share   by total

US

Japan

Germany  

France

Korea  

UK

India

Other   countries

Mining and oil   production

16

23.5%

11

2

3

2

3

4

4

23

Securities   insurance

11

18.6%

25

8

3

1

2

-

1

8

Wholesale and   retail

8

14.3%

19

8

2

3

1

2

1

12

Bank deposit

9

21.4%

7

3

1

4

1

2

1

14

Automobile and parts

10

27.8%

4

7

7

1

3

-

1

3

Electronic and electrical equipment

12

42.9%

8

4

-

1

3

-

-

-

Sea, land and   air transport

7

25.0%

10

-

4

2

-

1

-

4

Construction   real estate

19

73.1%

2

1

-

2

1

-

-

1

Manufactured   goods

9

36.0%

6

2

2

2

1

1

-

2

Metallurgy

18

75.0%

1

2

1

-

1

-

-

1

Consumer goods

3

12.5%

10

-

-

2

-

2

-

7

Medical care

3

14.3%

9

-

3

1

-

2

-

3

Telecommunication

3

20.0%

4

3

1

1

-

1

-

2

Software and Internet

5

33.3%

8

-

1

-

-

-

-

1

Tertiary   industry service

1

7.7%

5

-

2

1

1

-

-

3

Aerospace and   national defense

5

41.7%

6

-

-

-

-

-

-

1

Electricity

3

42.9%

-

1

-

1

1

-

-

1

Diversification

-

-

1

-

-

-

-

-

-

-

Total

142

/

136

41

30

24

18

15

8

86

Source: Passenger Car Market Information Association


The averagereturn on sales of Chinese companies on Fortune Global 500 reached around 5.0%over the past few years


Chinese companies have been plagued by low profit margins, and there werehuge gap between industries. Leading bank savings have high profit margin to20%, followed by software and Internet at about 10%-16%, while most of the restwas below 5%, and the lowest profit margin was less 1% in the industry.


Over the past two years, the Chinese enterprises that withdrew from thetop 500 are mainly real estate enterprises, especially the well-known domestichousing enterprises, including Sunac, Evergrande and China Resources Land.


Table: the averagereturn on sales of Chinese companies on Fortune Global 500

Industry/average   return on sales

2023

2022

2021

2020

2019

2018

2017

Mining and oil   production

3%

2%

2%

2%

1%

1%

1%

Construction   real estate

2%

2%

3%

3%

3%

3%

3%

Metallurgy

1%

2%

1%

1%

0%

1%

1%

Bank deposit

22%

21%

20%

21%

21%

22%

23%

Securities   insurance

4%

6%

7%

7%

5%

5%

5%

Electronic and   electrical equipment

7%

8%

5%

5%

5%

4%

4%

Wholesale and   retail

1%

1%

1%

2%

2%

-1%

0%

Electricity

1%

1%

1%

2%

2%

2%

3%

Automobile and   parts

3%

2%

2%

3%

3%

3%

3%

Manufactured   goods

1%

2%

1%

1%

0%

1%

1%

Sea, land and   air transport

5%

6%

5%

6%

5%

6%

4%

Software and   Internet

9%

11%

17%

13%

10%

16%

14%

Aerospace and   national defense

3%

3%

3%

3%

3%

3%

2%

Telecommunication

6%

7%

7%

7%

6%

6%

5%

Medical care

2%

7%

3%

3%

3%

3%

2%

Consumer goods

1%

2%

2%

2%

1%

3%

2%

Tertiary   industry service

2%

1%

-

-

-

14%

13%

Total

5%

5%

5%

5%

5%

5%

5%

Source: Passenger Car Market Information Association

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