Chinese companies topped the list for the second year in a row, with 143 companies on the list, according to the fortune Global 500 list released on Aug. 2.
Due to the impact of COVID-19, the revenue of fortune global 500 companies was about $31.7 trillion this year, down 5% from last year, and the threshold to enter the list dropped from $25.4 billion to $24 billion. Wal-mart was the world's largest company for the eighth year in a row, While China's State Grid moved up to second place and Amazon entered the top three for the first time. Ten Chinese companies from the engineering and construction sectors made the list this year, one more than last year, with China State Construction Group Corp Topping the list with an estimated annual revenue of $234.4 billion.
Top ranking hit a new high continue to sweep the industry top six
A total of 14 engineering and construction companies were listed in the global top 500 this year, and Chinese construction companies continued to dominate the top six of the engineering and construction industry rankings. China State Construction Engineering Group Co., LTD., ranked 13th among the World's top 500 companies with an annual revenue of about $234.4 billion, setting a new high at the top.
In the list of engineering and construction industry, the Chinese construction co., LTD to continue in the top of global construction enterprises, 2-6: China railway engineering group co., LTD., China railway construction group co., LTD., China communications construction group co., LTD., China electric power construction group co., LTD., China Pacific construction group co., LTD. France's OSI Group, Spain's ACS Group, France's Bouygues Group and Japan's Daiwa House Construction Group ranked 7th, 8th, 9th and 11th respectively in the industry list. The 10th, 12th, 13th and 14th places were China Energy Construction Group, Shanghai Construction Engineering Group Co., LTD., China General Technology (Group) Holding Co., LTD., and Guangzhou Construction Group Co., LTD. In the world, Chinese engineering and construction enterprises occupy a stable position in the industry, showing obvious advantages and strong strength.
The number of buildings listed for the first time in Guangzhou increased year by year
There are 10 Chinese companies listed on the Fortune Global 500 list this year. China construction group co., LTD., China railway engineering group co., LTD., China railway construction group co., LTD., China communications construction group co., LTD., China electric power construction group co., LTD., Pacific construction group co., LTD., China's energy construction group, Shanghai construction group co., LTD., China general technology (group) holding co., LTD., is wide Zhou City construction Group Co. LTD. It is worth mentioning that Guangzhou Construction Group Co., Ltd. is on the list for the first time, ranking 460th.
In recent years, the number of Chinese engineering and construction enterprises on the list has been increasing year by year. In 2018, there were 7 enterprises on the list, in 2019, 8 enterprises on the list, and in 2020, 9 enterprises on the list. This year, the number of enterprises on the list has climbed again to 10 enterprises, which is in a trend of continuous growth.
Under the epidemic, the ranking of enterprises built against the wind is generally improved
The average sales revenue and average profits of Chinese companies on the list were basically flat compared with the previous year, despite the business difficulties caused by the COVID-19 pandemic in 2020. At the same time, due to the rapid recovery from the epidemic, the number of Chinese companies on the list in 2021 has expanded, and their business conditions have also improved in the horizontal comparison.
This year's list of Chinese construction enterprises, the ranking generally has a different range of improvement: Ranking up 5 Chinese construction group, China railway engineering group rise 15, China railway construction group up 12, China communications construction group rose 17, China electric power construction group have risen 50, 52 Chinese energy construction group rise, rise 60 Shanghai construction group, China general technology group rose 47, Among them, Shanghai Construction Group ranks the biggest rise.
China has effectively contained the COVID-19 epidemic, and its enterprises have quickly resumed and expanded production. The increase in foreign orders of Chinese enterprises has led to the expansion of foreign trade. In 2020, China was the only major economy in the world to see positive trade growth, with both imports and exports hitting a record high for the year, which helped Chinese companies recover and develop steadily. In the global environment affected by COVID-19, Chinese engineering and construction companies have bucked the trend and shown strong competitiveness.
Source of information:Building new
