News Center

On July 22, Fortune magazine announcedTop 500 in the World in 2019.Among them, 129 are from China, and the number of Chinese companies on the list surpassed that of the United States (121) for the first time.Three of the top five are Chinese companies.

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

2019 the world's top 500

(Chinese enterprises involved in the textile industry)

China Resources Limited (Rank 80)

COFCO Group Limited(Ranked 134)

Hengli Group (ranked 181)

Shandong Weiqiao Venture Group (ranked 273)

Xinxing Jihua Group (ranked 475)

How strong are the five Chinese companies involved in the textile industry?

China Resources Limited

China Resources Textile (Group) Co., Ltd., a subsidiary of China Resources Co., Ltd., is one of the largest large-scale enterprises in China's textile industry. It includes three major business sectors: cotton spinning, nylon, and apparel brands. It is mainly engaged in cotton textiles, nylon civilian silk, and brand apparel. Currently, it has 17 wholly-owned or controlled production and brand operation companies in Shanghai, Guangdong, Shandong and other places. In addition, the brand products "GALADAY" ladies' handbags, women's shoes and accessories for consumer terminals; "Rime" and "CREASUGI Huaziyi" medium and high-end ladies socks; "VIVA VOCE Veville" fashion women's clothing has a high influence in China and acts as an agent for international brands Calvin Klein and LIU · JO.

COFCO Group Limited

In 2016, China Textile as a whole merged into COFCO Group Co., Ltd., and the cotton business became one of the four core businesses of COFCO Group (grain, oil, sugar and cotton).

China's textile specialized companies engaged in cotton trade, textile printing and dyeing processing are the main force to maintain the security of the national cotton industry and the participants in the regulation and control of the cotton textile market. Founded in 1951, the company was formerly known as China National Textile Import and Export Corporation. At present, it has certain advantages in the key links of cotton, spinning, weaving, fabric printing and dyeing and clothing export industry chain.

Hengli Group

Hengli Group now has one of the PTA factories with the largest monomer production capacity in the world, one of the largest functional fiber production bases and weaving enterprises in the world, and has a national "enterprise technology center". The competitiveness of enterprises and the brand value of products are in the forefront of the international industry. In the oil refining sector, Hengli 20 million tons/year refining and chemical integration project is the first major private refining and chemical project listed in the document of the State Council, and it is also a strategic project for a new round of northeast revitalization. In the petrochemical sector, the annual production capacity of the PTA project of Hengli Petrochemical (Dalian Changxing Island) Industrial Park will reach 12 million tons, which will be completed and put into production with "high standards, strict requirements and fast pace", setting a number of records in the same industry in the world. In the new polyester material sector, Hengli Group has the world's leading technology and equipment, with an annual polymerization capacity of 2.81 million tons. In the textile sector, as a vertical extension of the enterprise's industrial chain, Hengli Textile has a total of 12000 sets of self-developed water jet looms and air jet looms, 8500 two-for-one twisters and their supporting equipment.

Shandong Weiqiao Venture Group

Weiqiao Group is a super large enterprise with 11 production bases, integrating textile, dyeing and finishing, clothing, home textile, thermal power and other industries. Since entering the world's top 500 in 2012, Weiqiao Group has been on the world's top 500 list for the eighth consecutive year.

Xinxing Jihua Group

Jihua Group Co., Ltd., a listed company of Xinxing Jihua Group, is a military light industry manufacturing enterprise. It is the main production supplier of the domestic unified dress department and industry and other professional dress units. It is one of the few domestic sales and processing bases for the international military supplies market. The company has four major manufacturing business segments: professional clothing, textile printing and dyeing, professional shoes and boots, and protective equipment, and has the production support capacity of the whole industry chain from raw material production to product manufacturing and sales.

The 500 companies on this year's list.Total operating income nearly $32.7 trillionan increase of 8.9 percent;Total profit reached another record $2.15 trillion billion, up 14.5 per cent year-on-year;The net profit margin reached 6.6 per cent and the return on equity reached 12.1 per cent, both surpassing last year, reflecting the recovery of the 500 largest companies.

In terms of quantity this time, among the 500 largest enterprises in the world,There are 129 from China, historicallyMore than the United States for the first time (121). Fortune Chinese reported that since 1992, when Fortune magazine first made the list of the world's top 500 companies based on sales revenue, no other country's companies have increased their numbers in this list so rapidly.

As a whole, the rapid increase in the number and scale of Chinese enterprises in the Fortune 500 list should be positively evaluated. There are some reasons for such good results.

First of all, the domestic demand market has expanded rapidly, thus providing an important platform for the expansion of enterprise scale.

Secondly, the strategic reorganization 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 large-scale strategic restructuring.In the textile industry, in 2016, China Textile Group merged into COFCO;In 2019, China Silk Group as a whole was transferred to China Poly Group Co., Ltd. free of charge.

Some of these strategically reorganized companies have entered the world's top 500 after the reorganization, and some have risen to the top of this ranking after the reorganization.

Top 500 in the World in 2019