Walmart Inc topped the Fortune 500 list for the seventh year in a row, with Chinese mainland (including Hong Kong) topping the list for the first time in history, surpassing the United States for the first time, according to the official Fortune APP list released on Aug. 10. With the addition of Chinese Taiwanese companies, a total of 133 Chinese companies are on the list.

01 Chinese enterprises on the list are "huddled" in banks and real estate, but they are distributed in these industries.

The 500 companies on the list are located in 50 industries and gather in banking, vehicles and spare parts, mining and oil refining, as can be seen in the chart below. 133 Chinese enterprises have appeared in 33 industries, and the phenomenon of industry "huddling" is even more obvious. there are 56 mining / crude oil production, metals, banking, trade and engineering construction industries alone, accounting for 42.1%. For example, ICBC, CCB and Agricultural Bank Of China, which have been at the top of the list for years, are among them.

There are 10 Bank of China Ltd. on the list this year, with total profits of $194.1 billion, accounting for 44 per cent of the total profits of all Chinese companies on the list.
Of course, there are also small but important enterprises, such as the oil refining industry.

Although only three Chinese companies are on the list, they are all "big guys", such as Petrochina Company Limited and China Petroleum & Chemical Corp, who ranked second and fourth respectively. Another example is the real estate industry, which is once again occupied by five Chinese companies.

The above figure also shows the distribution of American enterprises. As can be seen from the chart, US enterprises are "loosely" distributed in 47 industries, including few seats in health care (insurance and managed health insurance), general commerce, construction and agricultural machinery.

The number of enterprises is small, but also not to be underestimated. Take the "integrated business" industry as an example, Walmart Inc, who tops the list, is under this category.

From the perspective of industry distribution, the "0" distribution of metal products, trade and other industries of American enterprises happen to be the dense emergence of Chinese enterprises, including Minmetals, Cofco, Baowu Iron and Steel and other giants.

Conversely, food, software and other industries where Chinese enterprises did not show up gathered a number of American companies, such as Microsoft Corp, Oracle Corp, Pepsi and so on.
On the one hand, this is a chamfer of the division of labor in the trade industry chain under the background of global economic integration, on the other hand, it also shows a certain industry dependence of our country at the present stage.

Excluding bank profits, the average profit of China's 114 non-bank companies on the 2019 list is only nearly $2.2 billion, according to Fortune Chinese website. The profits of the eight US banks on the list totaled $132.8 billion, accounting for 15.7 per cent of the total profits of all companies on the list.

Excluding bank profits, the average profit of the other 113 American companies is still $6.3 billion. This figure is nearly three times that of Chinese enterprises.

02 TOP15 transposition of Chinese enterprises: the ranking of state-owned banks has slipped, while Huawei and other companies are catching up.

From 4 in 1997 to 133 today, Chinese companies are playing an increasingly important role in the Fortune 500 list. Among them, the enterprises at the head of the list are more representative.

The following picture shows the revenue changes of the top 15 Chinese companies over the past eight years, with China Petroleum & Chemical Corp and State Grid taking turns at the top, while Industrial and Commercial Bank of China and Bank of China Ltd. slipping down the rankings. At the same time, the revenue gap between enterprises is gradually narrowing, and the rankings of Ping An Insurance and Huawei have improved significantly. Over the past eight years, Ping An Insurance's revenue has increased from $53.76 billion to $184.28 billion and Huawei from $34.9 billion to $124.3 billion.

03 Taiwan Semiconductor Manufacturing Co Ltd leads the world in profit, surpassing Buffett's companies.

So are the top-ranked companies doing equally well? The following figure shows the profit distribution of Chinese enterprises in the list, in which the vertical axis represents the ranking of the list, the bubble size represents the revenue, and the horizontal axis represents the profit of the enterprise.

It is not difficult to see that the total profits of the banks led by ICBC and CCB are the highest, followed by Ping An Insurance and BABA.

Among the enterprises with similar rankings, Taiwan Semiconductor Manufacturing Co Ltd, who ranks 362nd on the overall list, has an outstanding performance in terms of total profits, and tops the profit margin of Chinese enterprises with a ratio of 33.08%. The profit margin curve below is more intuitive to show.

In fact, not only Chinese companies, but Taiwan Semiconductor Manufacturing Co Ltd also ranks first in profit margins, ahead of Buffett's Berkshire Hathaway (31.98%) and Pfizer Inc Pharmaceutical, a well-known pharmaceutical company.

BABA, another Chinese company, also ranks in the top 10 in profit margins, surpassing Saudi Aramco and Facebook, the "most profitable companies in the world".

04 How much do technology enterprises know? Amazon.Com Inc became the highest ranked technology company.

Amazon.Com Inc ranked 9th in the top 500 this year, up 4 places from last year, and is the highest ranked technology company, followed by Apple Inc (12th, 11th last year), Samsung Electronics 19th (down 4), AT&T Inc 22nd, Hon Hai 26th, Alphabet 29th, Verizon Communications Inc 44th, Microsoft Corp 47th.

Huawei 49, COMCAST 63, China Mobile Limited 65, Siemens 74, Dell 81, Deutsche Telekom 86, Softbank Corp. 94.

IBM 118, Sony Group Corp 122, Intel Corp 138, Facebook Inc 144, HP 184, Cisco Systems 211, Oracle Corp 314, Viacom CBS 457, Nokia 488.

05 There are no new Chinese technology companies on the list, Huawei Super China Mobile is in the top 50.

Hon Hai is the highest-ranked Chinese technology company, ranking 26th. A total of nine companies from Taiwan are on this year's list.

Chinese mainland (including Hong Kong) has 124 companies on the list, surpassing the United States for the first time in history. Huawei is the highest-ranked Chinese mainland technology company, ranking 49th (61st last year), surpassing China Mobile Limited, which ranks 65th this year (56th last year) for the first time.

A total of four Chinese Internet companies made the list, including JD.com (102nd, up 37 places), BABA (132, up 50 places), Tencent (197, up 40 places) and XIAOMI (422, up 46 places).

Other Chinese mainland companies on the list include China Telecom Corporation (158), Lenovo Group Limited (224), China Unicom (290), Midea (307), SUNING (324), Haier (435) and Gree (436).

It is worth noting that there are no new Chinese technology companies on the list this year.

Chinese mainland Technology Co., Ltd. entered the Top 500 for the first time and ranked:

06 Are the enterprises from your hometown on the list? 133 enterprises in 41 cities

The city with the highest concentration of enterprises on the list is still Beijing. Among them, there are 72 enterprises in Beijing, Shanghai and Shenzhen, and the other enterprises are distributed in 38 cities. Is your city the cradle of the top 500?