Mainland companies on the list of the World's Top 500 companies played a more prominent role based on the number on the list, their ranks and their total revenue and profit in 2010.
1. The number of mainland companies on the list reached 43, nine more compared than the previous year.
There are 54 Chinese companies in the Top 500, with 43 from the Chinese mainland, eight from Taiwan and three from Hong Kong. Despite the international financial crisis, the top 500 Chinese companies kept the trend of joining the Fortune Top 500 Companies, recording the largest increase ever. Among them, Huawei Technologies and Sha Gang Group joined the list as outstanding representatives of private hi-tech companies and traditional companies, respectively. China Ocean Shipping Group failed to keep its presence in the list in 2010. Meanwhile, 10 Chinese companies entered the list for the first time: Dongfeng Motor, China North Industries (Group) Corporation, Shenhua Group, China People's Insurance Company, Ping An Insurance, China Resources Corporation, Huawei Technologies, China Datang Corporation, Wuhan Iron and Steel (Group) Corporation and China Guodian Corporation. See Table 5-1 for details.
Table 5-1. Mainland companies in the World's Top 500 Companies in 2010
No. |
2009 Ranking |
2010 Ranking |
Company Name |
Revenue (mln dollars) |
Profits (mln dollars) |
Headquarter |
1 |
9 |
7 |
China Petroleum & Chemical Corporation 中国石油化工集团公司 |
187,518 |
5,756 |
Beijing |
2 |
15 |
8 |
State Grid 中国国家电网 |
184,496 |
-343 |
Beijing |
3 |
13 |
10 |
China National Petroleum Corporation 中国石油天然气集团公司 |
165,496 |
10,272 |
Beijing |
4 |
99 |
77 |
China Mobile Communications Corporation (CMCC) 中国移动通信 |
71,749 |
11,656 |
Beijing |
5 |
92 |
87 |
Industrial and Commercial Bank of China (ICBC) 中国工商银行 |
69,295 |
18,832 |
Beijing |
6 |
125 |
116 |
China Construction Bank (CCB) 中国建设银行 |
58,361 |
15,628 |
Beijing |
7 |
133 |
118 |
China Life Insurance Company Ltd. 中国人寿保险 |
57,019 |
3,125 |
Beijing |
8 |
252 |
133 |
China Railway Construction Corporation 中国铁道建筑总公司 |
52,044 |
960 |
Beijing |
9 |
242 |
137 |
China Railway Group Limited 中国中铁股份有限公司 |
50,704 |
1,008 |
Beijing |
10 |
155 |
141 |
Agricultural Bank of China (ABC) 中国农业银行 |
49,742 |
9,514 |
Beijing |
11 |
145 |
143 |
Bank of China (BOC) 中国银行 |
49,682 |
11,868 |
Beijing |
12 |
185 |
156 |
China Southern Power Grid Co., Ltd. 中国南方电网 |
45,735 |
250 |
Guangzhou |
13 |
|
182 |
Dongfeng Automobile Company 东风汽车公司 |
39,402 |
720 |
Wuhan |
14 |
292 |
187 |
Construction Group Corporation of China 中国建筑集团总公司 |
38,117 |
839 |
Beijing |
15 |
170 |
203 |
Sinochem Corporation 中国中化集团公司 |
35,577 |
659 |
Beijing |
16 |
263 |
204 |
China Telecom 中国电信 |
35,557 |
581 |
Beijing |
17 |
359 |
223 |
SAIC 上汽集团 |
33,629 |
1,070 |
Beijing |
18 |
341 |
224 |
China Communications Construction Group Ltd. 中国交通建设集团有限公司 |
33,465 |
704 |
Beijing |
19 |
318 |
252 |
China National Offshore Oil Corporation 中国海洋石油总公司 |
30,680 |
3,634 |
Beijing |
20 |
415 |
254 |
CITIC Group 中国中信集团公司 |
30,605 |
2,766 |
Beijing |
21 |
385 |
258 |
China FAW Group 中国一汽集团 |
30,237 |
1,382 |
Changchun |
22 |
428 |
275 |
China South Industries Group Corporation 中国南方工业集团公司 |
28,757 |
274 |
Beijing |
23 |
220 |
276 |
Baosteel Group 宝钢集团 |
28,591 |
1,448 |
Shanghai |
24 |
335 |
312 |
COFCO 中粮集团 |
26,098 |
629 |
Beijing |
25 |
425 |
313 |
China Huaneng Group 中国华能集团公司 |
26,019 |
39 |
Beijing |
26 |
375 |
314 |
Hebei Iron and Steel Group 河北钢铁集团 |
25,924 |
135 |
Shijiazhuang |
27 |
380 |
315 |
China Metallurgical Group Corporation 中国冶金科工集团公司 |
25,868 |
412 |
Beijing |
28 |
426 |
330 |
China Aviation Industry Corporation 中国航空工业集团公司 |
25,189 |
767 |
Beijing |
29 |
331 |
332 |
China Minmetals Corporation 中国五矿集团公司 |
24,956 |
299 |
Beijing |
30 |
|
348 |
China North Industries (Group) Corporation 中国北方工业(集团)总公司 |
24,150 |
456 |
Beijing |
31 |
372 |
352 |
Sinosteel Corporation 中国中钢集团公司 |
24,014 |
42 |
Beijing |
32 |
|
356 |
Shenhua Group Corporation Limited 神华集团 |
23,605 |
3,278 |
Zhangjiagang |
33 |
419 |
368 |
China Unicom Group Ltd. 中国联合网络通信集团有限公司 |
23,183 |
459 |
Beijing |
34 |
|
371 |
People's Insurance Company 中国人民保险公司 |
23,116 |
150 |
Beijing |
35 |
|
383 |
Ping An Insurance (Group) Company of China 平安保险 |
22,374 |
2,032 |
Shenzhen |
36 |
|
395 |
China Resources (Holdings) Co., Ltd. 中国华润总公司 |
21,902 |
995 |
Beijing |
37 |
|
397 |
Huawei Technologies Co., Ltd. 华为 |
21,821 |
2,672 |
Shenzhen |
38 |
|
412 |
China Datang Corporation 中国大唐集团公司 |
21,460 |
-282 |
Beijing |
39 |
444 |
415 |
Jiangsu Shagang Group Co Ltd 江苏沙钢集团 |
21,419 |
377 |
Zhangjiagang |
40 |
|
428 |
Wuhan Iron and Steel (Group) Company 武汉钢铁(集团)公司 |
20,543 |
174 |
Wuhan |
41 |
499 |
436 |
Aluminum Corporation of China 中国铝业股份有限公司 |
19,851 |
-622 |
Beijing |
42 |
494 |
440 |
Bank of Communications Co., Ltd. 中国交通银行 |
19,568 |
4,409 |
Shanghai |
43 |
|
477 |
China Guodian Corporation 中国国电集团公司 |
17,871 |
32 |
Beijing |
Note: Exchange rate for U.S. dollar to Chinese yuan is 1:6.8311.
2. The majority of mainland companies made great progress in their rankings.
Among the 43 mainland companies on the list, three of them were among the top 10, with Sinopec seventh, State Grid eighth and China Petroleum 10th.
Particularly gratifying, all the Chinese companies on the list, except for three, improved their rankings dramatically (the three are Sinochem Group, Baosteel Group and China Minmetals). China South Industries Group climbed to 153 in the ranking. China Railway Group Limited, China Railway Construction, China Construction Group, SAIC, China Communications Construction Group, CITIC Group, Sinochem, China Communications Construction, China FAW Group and China Huaneng Group all climbed more than 100 places in their rankings.
3. Mainland companies on the list further rise in shares from 2009, and overall performances are better than the average of the World's Top 500 Companies.
The 43 Mainland companies on the list made operating revenue of US$1.865.39 trillion (exchange rate for U.S. dollar is 1:6.8311, the same below), accounting for 8.1 percent of the total and 1.9 percent higher than the previous year. Their profit hit US$119.06 billion. In terms of profitability, Chinese companies realized on average an eye-catching 10.68 percent of return on net assets, while the average figure for the World's Top 500 Companies was only 8.16 percent.
Chinese companies' share of total profit increased to 12.4 percent, 0.3 percent higher than the previous year and far higher than the share of the operating revenue. As is shown in Table 5-2, ICBC and China Construction Bank were among the world's top 10 most profitable companies.
Table 5-2. Top 10 most profitable companies on the list of the 2010 World's Top 500 Companies
Ranking |
Company |
Profits(mln dollars) |
1 |
俄罗斯天然气工业公司 |
24,556 |
2 |
埃克森美孚 |
19,280 |
3 |
Industrial and Commercial Bank of China 中国工商银行 |
18,832 |
4 |
英国石油公司 |
16,578 |
5 |
China Construction Bank |
15,628 |
6 |
巴西石油公司 |
15,504 |
7 |
巴克莱 |
14,648 |
8 |
微软 |
14,569 |
9 |
沃尔玛 |
14,335 |
10 |
沃达丰 |
13,782 |
4. Mainland companies listed significant increases in operating revenue with no obvious advantages in terms of average size.
Both the U.S. and France had fewer companies on the list compared with the previous year, but their operating revenue took up a larger part of the total. Japanese and British companies increased both in quantity and the proportion of their operating revenue. German companies showed a slight decline in both sectors.
Compared with the previous year, the number of mainland companies joining the list as well as their proportion of operating revenue both increased significantly. Mainland companies on the list outnumbered French, German and British ones and took third place following the U.S. and Japan. Their proportion of operating revenue surpassed the UK but was lower than the U.S, Japan, France and Germany. See Table 5-3 for details.
In terms of the average size, Chinese companies had no obvious advantages. The average operating revenue of U.S. companies was US$50.19 billion; of Japanese companies, US$41.43 billion; of French companies, US$53.48 billion; of German companies, US$50.82 billion; and of British companies, US$53.72 billion. The average operating revenue of Chinese companies was US$43.4 billion, only higher than Japan.
Table 5-3. World's Top 500 Companies in major economies
Countries |
Company Number |
Revenue (bln dollars) |
Share of Number (%) |
Share of Revenue (%) |
Share Change (%) |
|||||
2010 |
2009 |
2010 |
2009 |
2010 |
2009 |
2010 |
2009 |
No. of Cos |
Revenue |
|
All companies |
500 |
500 |
230851 |
251755 |
100 |
100 |
100 |
100 |
- |
- |
U.S. |
139 |
140 |
69772 |
75437 |
27.8 |
28 |
30.22 |
29.96 |
-0.2 |
0.26 |
Japan |
71 |
68 |
29416 |
29796 |
14.2 |
13.6 |
12.74 |
11.84 |
0.6 |
0.90 |
Mainland China |
43 |
34 |
18660 |
15551 |
8.6 |
6.8 |
8.08 |
6.18 |
1.8 |
1.90 |
France |
39 |
40 |
20859 |
21658 |
7.8 |
8.0 |
9.04 |
8.60 |
-0.2 |
0.44 |
Germany |
37 |
39 |
18803 |
22586 |
7.4 |
7.8 |
8.15 |
8.97 |
-0.4 |
-0.82 |
UK |
30 |
26 |
16116 |
15259 |
6.0 |
5.2 |
6.98 |
6.06 |
0.8 |
0.92 |
Chapter II. |
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