On July 10, the 2018 Chinese Top 500 Enterprises list was released on the official website of Fortune. Five Foshan enterprises ranked on the list, including Midea Group Shareholding Co Ltd, Country Garden Shareholding Co Ltd, Hisense Kelon Electrical Co Ltd, Lesso Group Shareholding Co Ltd, and Foshan Haitian Flavouring and Food Co Ltd.
These five enterprises has been on the list for many years. Midea Group Shareholding Co Ltd ranks 32nd this year, rising 5 posts compared with last year and ranking highest among all Foshan enterprises on the list. In 2017, the company achieved 241.919 billion yuan in gross revenue with a year-on-year growth of 51.35%; the company achieved 18.61 billion yuan in net profit with a year-on-year growth of 17.33%.
Besides Midea, Country Garden Shareholding Co Ltd and Hisense Kelon Electrical Co Ltd both move up on ranking. Country Garden moves from 42nd last year to 36th this year with gross revenue of 226.9 billion yuan and profit of 26.06 billion yuan in 2017. Hisense Kelon Electrical rises from 235th last year to 221th this year with gross revenue of 33.5 billion yuan and profit of 2 billion yuan in 2017.
The list was made by Fortune and China International Capital Co Ltd. It examines and weighs the performance and achievements of Chinese listed companies worldwide in 2017. The annual revenue threshold of companies on the list is 13.864 billion yuan, rising 22.44% since it exceeds 10 billion yuan last year.