Fortune 500 ranking: Sinopec and three Chinese companies enter the top ten

Beijing time July 8, "Fortune" published the 2010 "Fortune" the world's top 500 companies ranked. Wal-Mart has won the world's first position, operating income of 408.214 billion U.S. dollars, China's number of enterprises again refreshed, a total of 54 companies on the list, more than 43 records last year.　　Three Chinese companies have entered the top 10, including Sinopec, the state Grid and PetroChina, respectively, in 7th, 8th and 10th places. In the context of the global financial crisis, this list is a lot to watch. Wal-Mart has won the world's top position, earning $408.214 billion trillion in revenues, and Royal Dutch Shell's 2009 success was second to 285.129 billion dollars in revenues. The number of Chinese companies has again been refreshed, with a total of 54 companies on the list, surpassing the record of 43 last year.　　Three Chinese companies have entered the top 10, including Sinopec, the state Grid and PetroChina, respectively, in 7th, 8th and 10th places. The world's top 500 rankings, due to the international financial crisis continued spread of the impact of the 2009, the world's major developed economies have a significant decline in the economy, the United States, the European Union, Japan's real GDP year-on-year decline of 2.4%, 4.1%, 5.2%, the rising number of unemployed, consumer demand continued to shrink.　　Affected by this, the top 500 companies in Europe, America and Japan have significantly reduced operating income and profits, and overall income has declined. The Chinese enterprises in the world's top 500 ranking of the second refresh, especially Sinopec, the state grid, China's oil into the top 10, but also to these enterprises in the face of intensified competition, facing unprecedented challenges, took a series of positive and effective response measures. Taking Sinopec as an example, in the face of severe industry situation, the company constantly seeks sustainable and coordinated development in the dilemma: first, enlarge the market, adjust the business strategy in time, actively promote strategic cooperation, actively improve customer service, chemical, refining business sales increase revenue of 100 billion yuan; Accounted for 26% of total income, while actively engaged in third party trade, the volume of trade increased by 40% per cent year-on-year. Second, to reduce the efficiency as the basic measures to deal with the crisis, carry forward the "dry towel also to wring out the three drops of water" spirit, to achieve fine management, the whole year to complete the potential increase of 15.8 billion yuan. Third, speed up the pace of international operations, increase the development of new projects abroad, the successful acquisition of Swiss Addax companies and other projects, overseas new rights and interests of oil recoverable reserves of 110 million tons, natural gas recoverable reserves of 79.3 billion cubic meters, new crude oil production capacity of 8.51 million tons.　　At the same time, overseas oil engineering market development trend, maintain steady growth. The most prominent is that Sinopec focused on the long-term, the response to the crisis as a change in the development of the opportunity to actively promote the layout of the main business and structural adjustment, the integration of the advantages of the middle and lower reaches of the emerging, the main sectors are to achieve good business performance. Companies rely on their own development technology and the introduction of digestion and absorption technology, the use of new catalysts and combination process, completed the national Ⅲ Clean Gasoline QualityUpgrade, the realization of low-cost for the community to provide clean energy targets, in less than 10 years passed the European and American countries 20-30 years passed the oil quality upgrade road. At present, gasoline products have all reached the national Ⅲ quality standards, of which Beijing and Shanghai meet the National Ⅳ standards. At the same time actively promote energy conservation and emission reduction work, and achieved obvious results.　　2009 million yuan production value of the comprehensive energy consumption of 0.77 tons of standard coal, down 1.5%; industrial water intake decreased by 3.3%, industrial wastewater emissions decreased by 2%, effluent cod decreased 3.6%, sulfur dioxide emissions decreased by 13.9%. Although Sinopec ranked seventh, but by the impact of the financial crisis, Sinopec's main business income was the first negative impact of oil products and chemical product prices fell, a year-on-year decrease of 74.5 billion yuan, which reduced the income by 295.7 billion yuan. Driven by the major investment in the main business and the acquisition of new overseas projects, the expansion speed of China's petrochemical assets, the value of the state-owned assets to maintain and increase the rate of 110.7%, rose 8.43% from the previous year, the capacity of enterprise asset appreciation significantly increased.　　According to statistics, 2009 China Petrochemical to the central and local governments turned over a variety of taxes and fees amounted to 226.74 billion yuan, accounting for 3.33% of the national revenue, up 1.64%, the highest level of history, the realization of the state-owned assets of efficient operation and value-keeping and value-added, better performance of the enterprise's economic and social The following are the top 10 listed companies in Fortune 500 China: ranked company name (in million US $) net profit (in Million USD) 7 China Petrochemical Group (SINOPEC) 187,518 5,756 8 China National Grid (Stategrid)　　184,496-343 10 CNPC (chinanationalpetroleum) 165,496 10,272 77 China Mobile Communication (chinamobilecommunications) 71,749 11,656 87 ICBC (Industrial&commercialbankofchina) 69,295 18,832 112 Hon Hai Precision Group (honhaiprecisionindustry) 59,324 2,292 116 China Construction Bank (Chinaconstructionbank) 58,361 15,628 118 Insurance (chinalifeinsurance) 57,019 3,125 133 China Railway Construction Corporation (chinarailwayconstruction ) 52,044 960 137 China Railway Company Limited (Chinarailwaygroup)50,704 1,008