国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

China / Society

China's Fortune 500 companies weak in profitability

(Xinhua) Updated: 2014-07-08 19:48

BEIJING - More Chinese companies have made this year's Fortune Global 500 list but their typical profitability is weak, according to the annual ranking released on Monday.

A total of 100 Chinese firms joined the ranks of the world's top corporations as measured by revenue, compared with 95 last year. China's top oil refiner, Sinopec, overtook Exxon Mobil to go third on the list, the highest placed Chinese company ever.

PetroChina rose to fourth, while the State Grid Corporation remained seventh. A total of 80 Chinese companies climbed in the rankings.

Seven companies, including China Development Bank, were new to the list, whereas two firms from last year's fell out of the list.

In terms of the number of heavyweights, this year's results showed a narrower gap between China and the United States, the latter of which boasted 128 Fortune 500 companies, but profitability among some Chinese firms remained weak.

Data showed the average profit of 95 Fortune 500 companies from the Chinese mainland came in at $3.22 billion, lower than an average of $3.91 billion for all companies on the list. The average profit for 128 American firms was $6.24 billion.

Some Chinese companies suffered severe profit losses in the past fiscal year. The Fortune Magazine ranked 50 companies worldwide that have logged the biggest losses in 2013 and found China had 16 of them, more than any other country in the world.

All of the 16 loss-making companies were state-owned, with China Railway Material Group Co, Ltd. registering a staggering loss of $1.26 billion.

Chinese companies have made headway in business expansion, but there is much room for them to become "strong" and "great" companies, analysts said.

"Chinese companies have involved in more cross-border mergers and acquisitions, and they become better at obtaining resources overseas," said Jin Zhanming, a professor of business strategy from Tsinghua University.

Jin said it is common to have a fluctuation of four to five in the total number of Chinese Fortune 500 companies, but the country will see more of its firms join the list in the long run with their global vision strengthened.

Highlights
Hot Topics
...
南宫市| 故城县| 高阳县| 瓮安县| 怀集县| 乌兰浩特市| 沂源县| 新竹市| 盈江县| 广德县| 商南县| 休宁县| 泾阳县| 四平市| 青神县| 临城县| 浦城县| 天峨县| 特克斯县| 垦利县| 临潭县| 芜湖市| 安塞县| 黑山县| 梁山县| 北碚区| 芮城县| 田东县| 澜沧| 乌海市| 新乡市| 泸溪县| 石渠县| 镇坪县| 板桥市| 紫云| 赞皇县| 建昌县| 勃利县| 桃江县| 潮州市|