Wei Qiao Started The World's Top 500 By Strength.

In July 22nd, Fortune magazine published the world top 500 list in 2019. Among them, 129 came from China, and the number of Chinese enterprises exceeded the United States for the first time (121). Of the top five, three are Chinese enterprises.

Among them, there are 5 Chinese enterprises involved in the textile industry.

2019 the world's top 500 (Chinese enterprises involved in the textile industry):

China Huarun Limited (rank 80)

Cofco Corporation (ranked 134)

Hengli Group (ranked 181)

Shandong Wei Qiao venture group (ranked 273)

Emerging China Group (ranked 475)

How strong are these 5 Chinese companies involved in the textile industry?

China Huarun Limited

China Huarun limited Huarun textile (Group) Co., Ltd. is one of the largest enterprises in China's textile industry. It includes three major business segments, namely, cotton spinning, nylon and clothing brand. It is mainly engaged in the manufacture, distribution and retail of cotton textiles, nylon civilian silk and brand clothing. Currently, there are 17 wholly owned or controlled production and brand operation enterprises in Shanghai, Guangdong and Shandong. In addition, the brand products "GALADAY" Ladies' handbags, women's shoes and accessories for consumer terminals, high-end ladies' socks in "Rime" and "CREASUGI Hua Zi Yi", and "VIVA VOCE Wei vies" fashion women's clothing have been highly influential in China, and are acting as international brands Calvin Klein, LIU JO.

Cofco Corporation

In 2016, China's textile industry was integrated into Cofco Corporation, and the cotton business became one of the four core businesses of COFCO (grain, oil, sugar and cotton).

China's textile specialized cotton trade, textile printing and dyeing processing business is a main force to safeguard the safety of the national cotton industry and a participant in the regulation of the cotton textile market. Founded in 1951, formerly known as China National Textiles Import and Export Corp, it has certain advantages in the key links of cotton, spinning, weaving, fabric printing and dyeing and garment export industrial chain.

Hengli Group

Hengli Group now has one of the largest PTA production plants in the world, one of the largest functional fiber production bases and weaving enterprises in the world. It has a national "enterprise technology center", and its competitiveness and product brand value are among the forefront of the international industry. In the refining sector, Hengli 20 million ton / year refining and chemical integration project is the first major private refinery project included in the State Council documents, and also a strategic project for the new round of Northeast revitalization. In the petrochemical sector, the annual production capacity of Hengli Petrochemical (Dalian Changxing Island) Industrial Park PTA project will reach 12 million tons. "High standards, strict requirements and fast pacing" have been completed and put into operation, which has refreshed many records in the same industry. In the new polyester material sector, Hengli Group has the world's leading technology and equipment, with an annual capacity of 2 million 810 thousand tons. In the textile sector, as the vertical extension of the industrial chain, Hengli Textile has 12000 sets of independently developed water jet looms and air-jet looms, 8500 times twister and its supporting equipment.

Shandong Wei Qiao venture group

Wei Qiao group is a large enterprise with 11 production bases, including textile, dyeing and finishing, clothing, home textiles, thermoelectric and other industries. Since its entry into the world's top 500 in 2012, Wei Qiao group has made the list of the world's top 500 in eighth consecutive years.

Emerging China Group

The Limited by Share Ltd of the new China group is listed as one of the main suppliers of uniform clothing departments and industries, as well as other professional clothing and clothing units. It is one of the few domestic sales and processing bases for the international munitions market. The company has four major manufacturing sectors, namely, professional wear, textile printing and dyeing, professional footwear and protective clothing, and has the support capability of the whole industry chain from raw material production to product manufacturing and sales.

The total revenue of the 500 companies listed on the list was nearly $32 trillion and 700 billion, an increase of 8.9% over the same period last year. The total profit recorded a record increase of 2 trillion and 150 billion US dollars, an increase of 14.5% over the same period last year, a net profit margin of 6.6%, and a net asset yield of 12.1%, all over last year, reflecting the recovery of the largest 500 companies.

In terms of quantity, 129 of the 500 largest enterprises in the world come from China. For the first time in history, they surpassed the United States (121). Fortune magazine reported that since fortune magazine first made the world's top 500 list of manufacturing companies and service companies based on sales revenue in 1992, no other country's business has increased so rapidly in this list.

As a whole, Chinese enterprises should be actively evaluated in terms of the rapidly increasing number and scale of Fortune 500 list. There are some reasons for achieving such a good result. First, the domestic demand market has expanded rapidly, thus providing an important platform for the expansion of enterprise scale. Second, the strategic restructuring of Chinese enterprises is also an important reason for the expansion of the scale of enterprises. In recent years, many Chinese enterprises have carried out a large-scale strategic reorganization. In the textile industry, in 2016, China Textile Group merged into COFCO, and in 2019, China silk group transferred to China Baoli Group Co., Ltd. as a whole. Some of these strategic restructured enterprises have entered the world's top 500 after restructuring, while others have improved their ranking in the rankings after restructuring.