Seven cement enterprises entered 2019 China Top500 list


Updated Wed, 17 Jul 2019 16:20:57 GMT

  Fortune China published the latest Fortune China Top500 list on July 10. The total operating income of the 500 listed companies hit a record high of 45500 billion RMB, up 14.8 percent from a year earlier. The net profits reached 3625 billion RMB, with a year-on-year growth of 4.21 percent. There was a sharp slowdown that was affected by macro economy, compared with 24.24 percent of last year. The threshold of China Top500 companies is annual revenue of 16.238 billion RMB, up 17 percent from a year earlier. Last year China GDP first exceeded 90,000 billion RMB, and the total revenue of the 500 listed companies surpassed half of 2018 China GDP again.

  Seven cement enterprises entered the list, including CNBM Company Limited, Anhui Conch Cement Company Limited, BBMG Corporation, CR Cement Holdings Limited, Tangshan Jidong Cement Company Limited, Huaxin Cement Company Limited, Sunnsy Company Limited. In particular, those seven enterprises’ rankings have greatly improved, and Sunnsy Company Limited were reinstated, ranked 466th.

  It is worth celebrating that Anhui Conch Cement Company Limited ranked 71st in 2019 Fortune China Top500. Besides that, it was also selected for the list of the top-earning companies, ranked 27th.