The number of companies in Zhejiang Province listed on the Fortune Global 500 hit a record high
Release time：2024-09-04click：0
On August 3, Fortune magazine announced the latest Fortune 500 list. The total operating revenue of the companies on this year's 500 list reached 37.8 trillion U.S. dollars, a year-on-year increase of 19.2%, equivalent to 40% of global GDP, close to the combined GDP of China and the United States; the total net profit reached 3.1 trillion U.S. dollars, a year-on-year increase of 88% , the highest increase since 2004. The threshold for entering the list (minimum sales revenue) has jumped from US$24 billion to US$28.6 billion, making it more difficult to get on the list. There are 145 Chinese companies on the list, ranking first in the world for four consecutive years, an increase of 2 companies year-on-year, including 99 state-owned enterprises and 46 private companies. Zhejiang's leading companies are still performing well:
The number of companies has reached a new high
This year, 9 companies in Zhejiang Province have reached a new high The list includes Alibaba, Wuchan Zhongda, Rongsheng Holdings, Geely Holding, Tsingshan Holdings, Hengyi Group, Zhejiang Communications Investment, Hangzhou Iron and Steel Group, and Hailiang Group. There is one new company (Hangzhou Iron and Steel Group) compared with last year. In addition, the operating income of Zhejiang Tianneng Group has reached 180 billion yuan, which is only one step away from the Fortune 500.
The overall ranking of enterprises has jumped
The overall scale of the enterprises on the list in Zhejiang Province continues to grow, and their global competitiveness continues to strengthen. Last year, the rankings all rose to varying degrees, among which Zhejiang Communications Investment (302nd) rose 131 places, China Industrial Zhongda (120th), Rongsheng Holdings (180th), Tsingshan Holdings (238th), Heng The rankings of Yi Group (264th) and others have risen by more than 40 places, and Alibaba (55th) has improved by another 8 places, surpassing the old central and state-owned enterprises.
Manufacturing advantages continue to expand
Among the Fortune 500 companies in Zhejiang Province, the companies listed in the manufacturing field The number is increasing year by year. In 2020, there were only 3 companies (Geely Holding, Qingshan Holding, Hailiang Group), 2 new companies were added in 2021 (Rongsheng Holding, Hengyi Group), and 1 more was added this year (Hangzhou Iron and Steel Group), with a total of There are 6 companies, accounting for two-thirds of the total. The proportion of manufacturing companies on the list is much higher than that of Guangdong and Shanghai, highlighting the remarkable achievements of Zhejiang Province in building a "strong manufacturing province" and a global advanced manufacturing base.
The advantages of Hangzhou headquarters continue to be highlighted
Among the Fortune 500 companies on the list this year, Hangzhou accounts for 8, the first time Surpassing Hong Kong, catching up with Shanghai and Shenzhen, ranking first in the countryRanking 4th among all cities, reaching a record high, the province’s core city status and its role as an important growth pole in the country continue to be demonstrated.
Since 2019, Zhejiang Province has actively deployed and implemented "Operation Eagle" and achieved outstanding results through measures such as "one enterprise, one policy" and "through-train services for important matters". Enterprises at the top level continue to stand out. Since 2019, four new Fortune 500 companies have been added, which is close to doubling.
In the next step, the Provincial Department of Economics and Information Technology will thoroughly implement the central government’s decision-making and deployment on accelerating the construction of world-class enterprises, earnestly implement the spirit of the 15th Provincial Party Congress, and formulate the Zhejiang Province A new round of "Eagle Action" plan promotes "chain leader + chain owner" collaboration, creates a national industrial chain supply chain ecosystem pilot, focuses on meeting the requirements of "excellent products, outstanding brands, leading innovation, and modern governance" and strives to improve Enterprises’ innovation, global competitiveness, governance capabilities, influence, demonstration power, and entrepreneurial leadership strive to build a “Zhejiang Square” of world-class enterprises to help support the acceleration of the realization of “two firsts”.
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