Shandong Heavy Industry and Shanxi Iron and Steel Group have passed the threshold of "Fortune 500", Shandong is expected to increase 3 "Fortune 500" companies.

On June 30, the State-owned Assets Supervision and Administration Commission of Shandong Province disclosed on its website the financial data of provincial-managed enterprises for 2019, involving 26 enterprises. None of the 26 provincial-managed enterprises suffered losses. From the perspective of operating income, 4 of the 26 provincial state-owned enterprises have revenues of more than 100 billion yuan. Shandong Energy Group ranked first with 358.497 billion yuan, a year-on-year increase of 5.74%. Followed by Yankuang Group, with revenue of 285.48 billion yuan in 2019, an increase of 10.97% year-on-year. Shandong Heavy Industry Group was 20.015 billion yuan, a year-on-year increase of 7.9%. Shandong Iron and Steel Group was 191.742 billion yuan, and its revenue increased by 23.02%.

Shandong Heavy Industry's operating income was 20.015 billion yuan, and Shandong Iron and Steel Group's operating income was 191.742 billion yuan, both of which greatly exceeded the operating income of last year's "Top 500". On the list of the Fortune 500 in 2019, Air Liquide Group, which ranked last, had an operating income of US$24.8 billion in 2018, equivalent to approximately RMB 173.6 billion. In other words, the threshold for the Fortune Global 500 last year was 173.6 billion yuan, and it may increase in 2020, but based on past experience, the increase will not be too great.

The operating income of Shandong Heavy Industry and Shandong Iron and Steel Group exceeded the operating income of Air Liquide Group of France last year by more than 27.4 billion yuan and 19.1 billion yuan respectively. The excess data is relatively large. It can be said that they have been "definitely selected" for this year's "Fortune 500". Shandong is good news.

According to the disclosed data, Shandong Heavy Industry not only has a high total operating income in 2019, but also has relatively good growth efficiency and quality. The total profit is 14.305 billion yuan, and the net profit is 11.807 billion yuan. The net profit is among the 26 provincial-managed enterprises that disclosed data. First, it is the only enterprise managed by Shandong Province with a net profit of more than 10 billion yuan.

In addition to Shandong Heavy Industry and Shanxi Iron and Steel Group, Shandong has a private enterprise this year, and there is great hope to enter the "Fortune 500". This is Shandong Xinfa Group, which has been ranked second in the list of private enterprises in Shandong for many years. Shandong Xinfa Group started from Chiping, Liaocheng. According to the "2019 Liaocheng Top 100 Enterprise Development Research Report", Shandong Xinfa Group's revenue was 191.9 billion yuan and profit was 13.15 billion yuan in 2018. The development momentum has been good in recent years. There is no big surprise. In 2019, Shandong Xinfa Group is likely to exceed the minimum threshold of 173.6 billion yuan for the “Fortune 500”.

On July 22, 2019, "Fortune" released the 2019 World Top 500 rankings. China was shortlisted for 129 global tops, surpassing the United States for the first time. Shandong Energy Group, Weiqiao Group, Yankuang Group and Haier Group 4 Enterprise shortlisted. If Shandong Xinfa Group can be shortlisted this year, Shandong is expected to have seven "Fortune 500 companies" in 2020.

It is reported that it took 30 years for China's "Fortune 500" companies to increase from the first to "129". In 1989, China entered the Fortune 500 for the first time, and for a long time, it became the goal of many companies to enter the Fortune 500. In 2012, Shandong Province began to have two companies on the list, namely Shandong Energy Group and Weiqiao Group. After six years, Yankuang Group and Haier Group were shortlisted in 2018.

Shandong Energy Group and Yankuang Group are two coal-based energy companies, and Weiqiao Group’s main business is textiles, aluminum and electricity and other traditional industries. Shandong Xinfa Group It also focuses on aluminum and electricity, while Shangang Group focuses on iron and steel. These companies are all traditional industries. Shandong Heavy Industry belongs to the automobile and equipment manufacturing group and masters the core power technology; Haier Group is relatively "modern", and the home appliances are working hard to intelligent services, from low-end manufacturing to high-end manufacturing.

(Picture from SHANDONG ENERNY GROUP CO.LTD)