Scripture Society theory | Chinese companies on the top 500:

The Economic Observation News Agency 2022 "Fortune" World Fortune 500 rankings will be released on August 3. The continuous list of Chinese companies' names reflects China's increase in the weight of China's global economy from one aspect. However, when focusing on the company itself, we still want to say that even if this still means a glory, for more Chinese companies, it is a reminder: it is difficult, especially difficult.

According to this list, the number of companies in mainland China (including Hong Kong) reached 136. Coupled with Taiwan -regional companies, there are 145 companies on the list in China, and the number of large companies continues to rank first in countries. It should be noted that this is a list that ranks according to operating income. As a result, some other data deserves our attention.

For example, the profit and growth rate of Chinese companies on the list is far lower than the average level of the United States and the world. The average profit of 145 companies in China was about $ 4.1 billion, which has increased compared to itself, but the average profit of the world's top 500 has risen to $ 6.2 billion at the same time. Taking the country as a comparison object, German companies have an average profit of 4.4 billion U.S. dollars, US $ 6.96 billion in British companies, $ 4.75 billion in Canadian companies, US $ 4.85 billion in French companies, and US $ 8.48 billion in Brazilian companies. The average profit of 124 companies in the United States is US $ 10.05 billion. Based on the above data, the average sales yield of enterprises on the list of mainland China is 5.1%, the total asset yield is 1.15%, and the net asset yield is 9.5%. The three indicators are behind the average level of Fortune 500 in Fortune.

The gap between Chinese enterprises and international first -class enterprises can be seen. There can be a lot of reasons. For example, the Chinese economy is still under transformation, and the industrialization and urbanization dividends rely on by traditional enterprises are fading; even if the scale is large, it has not yet occupied the mid -to -high end of the value chain, and so on. In addition, many local officials despise small and medium -sized enterprises and tend to invest more policy resources to large enterprises. There are also a group of enterprises greedy but not strong, and chase the scale at the expense. These may lead to "fat fat" by the enterprise.

For the company, it is not a derogatory term. Although we usually feel that big companies are easy to stagnate and rigid, and commit the so -called "big company disease". However, elephants can also dance, large companies lead innovation and continue to evolve, and there are many cases of maintaining the evergreen of the foundation industry. So the problem is not big itself, but to be big and strong.

There is no doubt that it is not easy to make the enterprise. From a few people to hundreds of thousands of people, from hundreds of thousands of litters, it has received millions or even hundreds of millions, how many gaps. However, if companies cannot create their own core competitiveness, they cannot maintain good profitability and asset return rate, and their ability to resist various risks will be weak. It is difficult to get up once it falls. In fact, this is a vicious cycle. It is impossible to invest more in research and development and innovation without making money. At the end of the place, even the stalls cannot be kept.

It is easier to turn over if it is big. There are two tendencies in Chinese companies worthy of attention. One is to continue to buy and buy by leverage, and the size of the assets has expanded rapidly. The giant of the pinch and the together. For these companies, it is difficult to achieve chemical reactions through integration and become a truly core competitive enterprise group.

These companies will appear on the list at the speed we are unexpected, but they will also retire in the way of making us dazzling. This is not a solitary case on the top 500 list. Regardless of the size of the enterprise, we need to focus and toughness, and the spirit of long -termism and craftsmanship, like overflowing a fortress towards an uninterrupted charge in one direction. The problem is that too many companies want to take shortcuts. I believe there will be faster and more laborious ways to achieve themselves. So it is particularly difficult to strengthen.

China is already the second largest economy in the world, maintaining an economic growth of about 5%-6%per year. This has created conditions for the growth and development of large companies. Chinese companies on the top 500 will increase, but we do not need to cheer for the scale. We look forward to the big companies that stand out in global competition, and also welcome the "little man" that can't die in the market -it is a large number of groups. Regardless of size, they all represent the competitiveness of China's economy.

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