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Interface News reporter | Cheng Lu

Jiemian News Editor | Song Jianan

On August 5, the 2024 Fortune Global 500 list was released. The total operating income 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 total net profit of all listed companies increased by 2.3% year-on-year to about 2.97 trillion US dollars.

In the list,WalmartIt has been the world's largest company for the eleventh consecutive year.AmazonReturning to second place, with revenue of 574.785 billion yuan and profit of 30.425 billion yuan, Amazon was only ranked fourth last year.

Among the companies on this year's list, large American technology companies have demonstrated considerable profitability. Apple, Google's parent company Alphabet andMicrosoftThree other American technology companies ranked second, fourth and fifth respectively in the most profitable companies (profit list).apple, Alphabet, Microsoft, and Meta Platforms generated a total net revenue of $282.2 billion.

However, in the overall profit list, Saudi Aramco still topped the list with a profit of about 120.7 billion US dollars, although its profit has dropped by about 24% year-on-year. Berkshire Hathaway, 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. Three other Chinese companies entered the top ten of the profit list, namelyICBC, China Construction Bank and Agricultural Bank of China, among whichICBCProfits exceeded $51.4 billion.

This year, including companies in Taiwan, China has a total of 133 companies on the list, 9 fewer than last year. In contrast, the United States has a total of 139 companies on the list this year, 3 more than last year, and the number of large companies ranks first among all countries. This is the first time since 2018 that the number of Chinese companies on the list is less than that of the United States.

It is worth mentioning that the performance of large companies in China's Internet sector has improved overall.AlibabaIn addition to falling 2 places,JD.com, Tencent andMeituanThe rankings ofPinduoduoFirst time on the list.

Benefiting from the recovery of China's Internet industry, Meituan became the Chinese company with the largest ranking improvement in the list, jumping 83 places to 384th place. JD.com, ranked 47th, entered the top 50 for the first time, replacing Ping An of China as the largest private company in mainland China.

Among the 50 companies with the highest return on equity (ROE), Pinduoduo ranked 47th and became the second company in China in terms of ROE, second only to Chery Holdings Group.

In addition, the total revenue of the 133 Chinese companies on the list in 2023 will be approximately US$11 trillion, a decrease of approximately 6% compared with last year's total revenue; the average sales revenue is approximately US$83 billion, lower than the average revenue of US$99 billion of listed US companies, and slightly higher than the average of all 500 companies on the list.

Among the 128 companies from mainland China (including Hong Kong), 46 companies rose in ranking, but 71 fell in ranking.

The list is a measure of the size of large companies, and is also a "barometer" for observing the world and regional economy from the side. It shows the achievements and opportunities of the current development of Chinese companies. Although Chinese companies are facing many challenges this year, the automotive industry is still on the rise, and the Internet industry is finally showing signs of recovery.