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21 Shandong companies included in 2018 China's Fortune 500 list

2018/7/12 15:19:25   source:sdchina.com

Overseas students visited Weichai Holding Group Co., Ltd on November 24, 2017.

21 companies from Shandong province are on China's latest Fortune 500 list, released on Tuesday. The list, compiled by Fortune China and CICC Wealth Management, examines the performance and achievements of China's largest listed companies over the past year.

The 500 companies on the list saw total revenue of 39.65 trillion yuan ($5.96 trillion), up 18.22 percent from the previous year. Net profit rose 24.24 percent to 3.48 trillion yuan. The threshold of annual revenue for being included in this year's list is 13.86 billion yuan, up 22.44 percent from a year earlier.

China Petroleum & Chemical Corporation, PetroChina Company Limited, and China State Construction Engineering Corporation Limited still take the first three places, unchanged from last year.

Shandong has a total of 21 companies on the list, compared to 18 last year. Three companies, Haier Group, Yanzhou Coal Mining Company Limited and Weichai Holding Group Co., Ltd, are among the top 100. Qingdao-based Haier Group takes the 51st place, the highest of the companies from Shandong province. It has advanced 7 places from last year with a revenue of 159.25447 billion yuan and 6.92579 billion yuan of net profit.

47 are new to the list or re-listed companies. Four Shandong-based companies are newcomers. Zibo Qixiang-Tengda Chemical Co., Ltd ranks 334th out of the 500 companies, Weiqiao Textile Company Limited 434th, Luxi Group 450th and Linglong Tire Co., Ltd 498th.

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Sponsor:Information Office of Shandong Provincial People’s Government