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Beijing News Shell Finance News: On August 5, Fortune Chinese website released the latest Fortune Global 500 list. Three Chinese companies entered the top ten in terms of profits, all of which are commercial banks: Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank of China. Among them, the profit of Industrial and Commercial Bank of China exceeded 51.4 billion US dollars.

According to the list, the total operating revenue of the Fortune Global 500 companies this year is about 41 trillion US dollars, equivalent to one-third of the global GDP, a slight increase of about 0.1% over last year. The threshold for this list (minimum sales revenue) has increased from 30.9 billion US dollars to 32.1 billion US dollars. The total net profit of all listed companies increased by 2.3% year-on-year to about 2.97 trillion US dollars.

Except that the total profit of the 500 companies was slightly lower than that of the companies on the list in the previous year (2022), other indicators, including total assets, total net assets and total number of employees employed, have reached the highest level since the establishment of the Fortune Global 500 list.

Walmart remains the world's largest company for the eleventh consecutive year. Amazon returns to second place. China's State Grid Corporation continues to rank third. Saudi Aramco and Sinopec rank fourth and fifth respectively.

The overall profits of the 500 companies are back on track. In 2023, the total profits of the world's top 500 companies will be close to 3 trillion US dollars, an increase of 2.3% over the previous year. Although Saudi Aramco's profits fell by about 24% year-on-year, it still topped the profit list with a profit of about 120.7 billion US dollars; three American technology companies - Apple, Google's parent company Alphabet and Microsoft ranked second, fourth and fifth respectively in the most profitable companies (profit list). Berkshire Hathaway, as the company with the largest loss on the Fortune 500 list last year, ranked third in this year's profit list with a profit of more than 96.2 billion US dollars.

Editor Jiang Fan

Proofread by Chen Diyan