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On August 5, the latest Fortune Global 500 list was released.

This year, there are 133 Chinese companies on the list, 9 fewer than last year. The total revenue of the companies on the list in 2023 is about 11 trillion US dollars, a decrease of about 6% compared with the 142 companies on the list last year; the average sales revenue is about 83 billion US dollars, slightly higher than the average of the 500 companies on the list.

According to statistics from the 21 Data News Lab, a total of 22 companies from the Guangdong-Hong Kong-Macao Greater Bay Area were shortlisted for the Fortune Global 500, with total revenue of approximately US$1.39 trillion and total profits of US$91.9 billion in 2023.

From a geographical perspective, among the Greater Bay Area companies on the list, their headquarters are concentrated in the "five trillion-dollar cities". Shenzhen has 9 companies on the list, ranking first in the Greater Bay Area; followed by Guangzhou, with 6 companies on the list, Hong Kong with 5 companies on the list, and Foshan and Dongguan each have 1 company ranked among the world's top 500.

Among them, the top-ranked company is China Ping An Insurance Company Limited, which ranks 53rd with an operating income of US$145.8 billion; followed by China Resources, China Southern Power Grid, and Huawei, ranking 72nd, 78th, and 103rd respectively.

AIA becomes a new Greater Bay Area company to be included in the Fortune Global 500 list in 2024, with operating revenue of US$34.9 billion in 2023, ranking 446th on the list.

It is worth noting that the automobile industry continued to perform well, and BYD's ranking soared.

As a leading company in China's new energy vehicle industry, BYD, headquartered in Pingshan, Shenzhen, is the Greater Bay Area company with the largest ranking improvement this time. This year, BYD's revenue increased from US$63 billion last year to US$85.1 billion, and its ranking rose by 69 places from last year. In 2023, BYD was already the Chinese company with the largest ranking improvement, with a significant increase of 224 places from 2022.