Source: Sina Finance

Fortune Chinese released the latest Fortune 500 list on the evening of July 19, 2018, Beijing time.

According to the data of this list, people can learn about the latest trends of the world's largest companies. Through the vertical comparison of different years and horizontal different industries, people can understand not only the rise and fall of the enterprise, but also the changes of the company's operating quality, such as the rate of return on sales, return on net assets, total production efficiency and so on. At the same time, in-depth research into countries or regions can reveal the changes in the distribution of large enterprise groups.

Compared with the previous year, the total operating income of the 500 companies on the list this year was nearly $30 trillion, up 8.3% from the same period last year; the total profit reached a record $1.88 trillion, up 23% from the same period last year; the rate of return on sales reached 6.3%, and the return on net assets reached 10.9%. Are higher than last year. The operating conditions of the world's largest companies are improving significantly.

Walmart Inc has become the world's largest company for the fifth year in a row, and it and three Chinese companies-State Grid, China Petroleum & Chemical Corp and Petrochina Company Limited-continue to rank in the top four, unchanged. Shell rose to fifth place, pushing Toyota Motor Corp to sixth place.

Apple Inc is still at the top of the profit list, followed by British American Tobacco PLC Group, which re-entered the Fortune 500s this year. The four Chinese companies in the top 10 of the profit list are still the top four banks in the industrial, construction and agricultural sector.

Boeing Co ranks first in the list of return on net assets.At the top of the list of Chinese companies are Tencent, Country Garden Holdings, Huawei, Midea and Taiwan Semiconductor Manufacturing Co Ltd (39.81, 1.40, 3.64).

In this year's top 500 list, the highest profit margin is British American Tobacco PLC Group, whose profit margin is as high as 185%, far surpassing Kraft Heinz, which ranks second. Among Chinese mainland, the company with the highest profit margin is Tencent Co., Ltd., which is more than 30%.

It is worth noting that the vertical comparison of the data in recent years shows that the two indicators of return on sales and return on equity of Chinese enterprises on the list are in the downward channel. Wang Zhile, a special contributor to this magazine, gives an example: in 2015, the rate of return on sales of Chinese companies on the list was 5.6%, and in 2017 it was only 5.1%; in 2015, the return on net assets of Chinese companies on the list was 10.7%, and only 8.9% in 2017. He called on Chinese company managers and relevant government departments to pay attention to this phenomenon.

In terms of changes in rankings, China's National Energy Investment Group jumped 175 places this year. It is worth mentioning that eight of the top 10 companies with the fastest jump in the rankings are from Chinese mainland, with the exception of the National Energy Investment Group. the other seven are: BABA (up 162places), Tencent (up 147places), Shandong Energy Group (up 138places), Xiamen International Trade (up 134places), Midea (127places), Xiamen Jianfa (126places) and Country Garden Holdings (114places).

From the perspective of the industry, the rankings of all Internet service companies have been greatly improved.They are JD.com, BABA, Tencent, Amazon.Com Inc, Alphabet Inc-CL C's parent company Alphabet and social media giant Facebook Inc from China and the United States. And all the real estate companies on the list are from China.

In the field of automobile manufacturing this year, China has seven companies on the list, while the United States has only General Motors Co and Ford. Geely is the only private car company on the list on the mainland. The company has crossed the threshold of millions of sales over the past year, ranking first in the domestic industry in terms of sales growth and the jump in the ranking of the top 500.

In terms of the number of companies on the list, the number of Chinese companies reached 120 this year, which is very close to the United States (126) and far surpasses Japan, which ranks third (52). Since the 1995 Fortune 500 list covers both industrial and service enterprises, the number of companies in no other country has grown so rapidly.

However, the industrial structure adjustment of Chinese enterprises is obviously facing great challenges. As a reference, there are no real estate, engineering, construction and metal smelting companies in the United States in 2018, but there are many large companies in areas such as IT, life and health and food. Especially in industries that are closely related to people's life and health, such as health / food wholesale, insurance-managed medical care, food production and processing, and entertainment, there are companies from the United States and Europe, Japan, Brazil and other countries, but no Chinese enterprises are on the list.

In addition, the problem of Bank of China Ltd. taking advantage of its monopoly position to obtain excess profits is still unsolved. The average profit of the eight banks on the US list is 9.6 billion US dollars. The average profit of China's 10 banks is as high as $17.9 billion, far higher than the profit level of all Chinese companies on the list ($3.1 billion). The total profits of the 10 banks accounted for 50.7% of the total profits of the 111companies listed by Chinese mainland, while Bank of America Corporation's total profits accounted for only 11.7% of the 126 US companies on the list.

Among them, Chinese mainland (including Hong Kong, excluding Taiwan) is 111enterprises. Thirteen Chinese companies are on the list for the first time. They are: China Merchants Group, Cedar Holdings, Xiangyu Group, Yanzhou Mining Group, Angang Group, Shougang Group, Weichuang Group, Taiwan PetroChina, China Taiping Insurance Group, Fubon Financial Holdings, Taikang Insurance Group, Henan Energy and Chemical Group, Qingdao Haier. The industry with the largest number of new companies on the list is insurance (3). Qingdao Haier is the only new Chinese company on the list in the electronics and electronic equipment industry.

Among them, China Merchants Group, which was founded in 1872 during the Westernization Movement in the late Qing Dynasty and was also the forerunner of China's reform and opening up, was on the list for the first time and ranked 280th. Yanzhou Mining Group, a new company with distinct characteristics in the mining and crude oil production industry, is on the list. The company is the only coal company in China with four listed platforms at home and abroad. Last year, Yanzhou Coal Australia had a total production capacity of 80 million tons, making it the largest listed coal company in Australia.

The total operating income of the 500 companies on the list is nearly 300000.Billion US dollars, up 8.3% from the same period last year; total profit reached a record US $1.88 trillion, up 23% from the same period last year; return on sales reached 6.3%, and return on net assets reached 10.9%, both higher than last year.The operating conditions of the world's largest companies are improving significantly.

Apple Inc is still at the top of the profit list, followed by British American Tobacco PLC Group, which re-entered the Fortune 500s this year. The four Chinese companies in the top 10 of the profit list are still the top four banks in the industrial, construction and agricultural sector. Boeing Co ranks first in the ROE list, while Tencent, Country Garden Holdings, Huawei, Midea and Taiwan Semiconductor Manufacturing Co Ltd are at the top of the list.

In this year's top 500 list, the highest profit margin is British American Tobacco PLC Group, whose profit margin is as high as 185%, far surpassing Kraft Heinz, which ranks second. Among Chinese mainland, the company with the highest profit margin is Tencent Co., Ltd., which is more than 30%.

The top 50 companies in the world's top 500 companies in 2018

Among the lossmaking companies, Pemex lost $14.8 billion, making it the most lossmaking company.

The companies with the most losses in the Fortune 500 in 2018